Report : Asia Pacific Sexual Wellness Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Pharmaceutical Product (Capsules, Tablets, Oral Liquids, and Sprays), Non-Pharmaceutical Product (Sex Toys, Condoms, Intrauterine Devices, Contraceptive Implants, and Others), and Distribution Channel (Retail Pharmacies, Online Distribution, and Hospitals Pharmacies)
At 7.2% CAGR, the Asia Pacific Sexual Wellness Market is projected to be worth US$ 18,598.64 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific sexual wellness market was valued at US$ 12,267.08 million in 2022 and is expected to reach US$ 18,598.64 million by 2028, registering an annual growth rate of 7.2% from 2022 to 2028. Changing perception toward use of sexual wellness products and increasing investments by market players are the critical factors attributed to the Asia Pacific sexual wellness market expansion.
The diminishment of taboos related to sexual health and pleasure is opening a vast market for the established brands offering a wide variety of products such as toys and personal lubricants. Growing concerns about personal hygiene, attractive and informative branding, and campaigning along with increasing openness about sexual fantasies are the significant factors driving the sexual wellness market growth. Major sexual wellness brands are experiencing lucrative demand for sex toys from both men and women. Also, online shopping has further enhanced sales as these platforms allow customers to purchase products such as sex toys, lubricants, and condoms without letting many people know. Many new players are entering into the sexual wellness market due to the substantial potential. Aging leads to changes, such as vaginal dryness and erectile dysfunction; moreover, problems such as stress, lifestyle changes, and chronic illnesses can compromise the intimacy between partners. The application of lubricants provides the feel of natural vaginal lubricants and helps alleviate the problem, which makes them a preferred choice among consumers for masturbation and penetrative sex. The use of sex toys can increase arousal, relieve stress, and trigger hormonal changes, which is especially helpful for women approaching menopause. In addition, continuous advancements in products are further driving the sexual wellness market growth. Urja BEAUTY, a skincare brand, offers a collection of luxe vulva care products. Urja Intimates, a premium vulva and vagina care range, consists of Vibrant V pH Balanced Personal Wash, Intense Hydrating Lubricant, and Vibrant V Moisturizing Silky-Serum. Thus, changing perception toward use of sexual wellness products are boosting the growth of the Asia Pacific sexual wellness market.
On the contrary, small clientele in low-income countries hampers the Asia Pacific sexual wellness market.
Based on pharmaceutical product, the Asia Pacific sexual wellness market is segmented into capsules, tablets, oral liquids, and sprays. The capsules segment held 59.6% share of Asia Pacific sexual wellness market in 2022, amassing US$ 65.43 million. It is projected to garner US$ 117.53 million by 2028 to expand at 10.3% CAGR during 2022–2028.
Based on non-pharmaceutical product, the Asia Pacific sexual wellness market is segmented into sex toys, condoms, intrauterine devices, contraceptive implants, and others. The sex toys segment held 65.3% share of Asia Pacific sexual wellness market in 2022, amassing US$ 7,933.03 million. It is projected to garner US$ 12,718.94 million by 2028 to expand at 8.2% CAGR during 2022–2028.
Based on distribution channel, the Asia Pacific sexual wellness market is segmented into retail pharmacies, online distribution, mass merchandize, and hospitals pharmacies. The retail pharmacies segment held 44.9% share of Asia Pacific sexual wellness market in 2022, amassing US$ 5,512.13 million. It is projected to garner US$ 8,467.96 million by 2028 to expand at 7.4% CAGR during 2022–2028.
Based on application, the Asia Pacific sexual wellness market is segmented into erectile dysfunction (ED) treatment, premature ejaculation treatment, low libido improvement, orgasmic dysfunction treatment and others. The erectile dysfunction (ED) treatment segment held 40.2% share of Asia Pacific sexual wellness market in 2022, amassing US$ 4,925.23 million. It is projected to garner US$ 7,653.34 million by 2028 to expand at 7.6% CAGR during 2022–2028.
Based on country, the Asia Pacific sexual wellness market has been categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 29.1% share of Asia Pacific sexual wellness market in 2022. It was assessed at US$ 3,564.46 million in 2022 and is likely to hit US$ 5,536.82 million by 2028, exhibiting a CAGR of 7.6% during the forecast period.
Key players dominating the Asia Pacific sexual wellness market are Bayer AG; Church & Dwight Co., Inc.; HLL Lifecare Limited; LIFESTYLES HEALTHCARE PTE LTD; Lovehoney Group Ltd.; Pfizer Inc.; Reckitt Benckiser Group Plc; and TENGA Co., Ltd., among others.
- In Mar 2021; Fun factory have launched their new product for reducing the orgasm gap between men and women.
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