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This “Sex Toys – Global Market Trajectories and Analysis” report added to ResearchAndMarkets.com’s supply.
Global sex toys market to reach $54.6 billion by 2026
The global sex toys market was estimated at USD 35.1 billion in 2020 and is expected to reach a revised size of USD 54.6 billion by 2026, growing at a CAGR of 7.6% during the analysis period.
As one of the segments analyzed in the report, vibrators are expected to grow at a CAGR of 8.2% to reach USD 25.9 billion by the end of the analysis period. Following a comprehensive analysis of the business impact of the pandemic and the economic crisis it caused, the growth of the dildo segment has been rescaled to a revised 7.1% CAGR for the next seven-year period. This segment currently accounts for a 24.3% share of the global sex toys market.
Consumers take sexual self-care and wellness very seriously and have observed a surge in demand for creams and lotions for women’s health, as well as sex toys. Some manufacturers are focusing on health, beauty and self-care, and have introduced new products and devices, such as mini massagers and air-pulse wakers, personal lubricants and toy cleaning wipes.
Sexual wellness products like affordable gels and toys are hitting the market, and the stigma of selling sex in traditional stores is fading away. This change is expected to be due to demographic shifts, as millennials have different views on sexual health compared to baby boomers. The stigma associated with masturbation is fading,…
The full story is available on Benzinga.com
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