Sex Toys Market Demand, Growth, Industry Share, Regional Trends, Size and Forecast Analysis | Hits US$ 55,648.88 by 2028

Changing Perception of Customers Toward Utilization of Harmful Chemicals in Sex Toys of Sex Toys to Drive Market Growth during 2022–2028

NEW YORK, UNITED STATES, November 24, 2022 /EINPresswire.com/ -- According to our latest study on Sex Toys Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type and Distribution Channel,” the market was valued at US$ 30,974.79 million in 2020 and is projected to reach US$ 55,648.88 million by 2028; it is expected to grow at a CAGR of 4.5% during 2021–2028. The report highlights trends, drivers, and deterrents pertaining to the market growth.

Download a Sample Copy at https://www.theinsightpartners.com/sample/TIPRE00015794/

The market growth is attributed to key factors such as Changing perception of customers toward utilization harmful chemicals in sex toys of sex toys and increasing number of online sex toys retailers are driving the growth of the sex toys market. However, restrain the market growth. Further increasing investment by sex toys manufacturers offer lucrative opportunities for the growth of the global sex toys market.
.
Sex toys are especially designed for sexual stimulations. The toys help improve sexual performance, extend shorten foreplay, and satisfy a partner who needs more time to climax. Moreover, some of the customers utilize sex toys to have orgasm, fantasize, relax, fall asleep, and to simply feel connected to their own bodies. The perception of people about the use and adoption of sex toys is changing in the region. For instance, according to a survey conducted by Lovehoney in 2020, two third of population in the US has normalized the utilization of sex toys. Also, according to the survey population, sexual wellness is equally important along with physical and mental health.

The change in perception for sex toys among customers has encouraged the market players to develop advanced pleasure giving products. Moreover, the change is perception is also leading to the massive adoption of sex toys, especially by women. For instance, according to a research paper published by a group of researchers at University of Kassel, Kassel, Germany in 2016, an estimated two third women population in the US prefers to use sex toys for partnered sexual activities and masturbation. Further, surging number of adult shops in the region represents a shift in attitude toward sexual products, which, in turn is likely to drive the market growth.

Crave, Lovehoney Group Ltd.; BMS Factory; Tenga Co., Ltd.; Fun Factory GmbH; WOW Tech International GmbH; LELO; Lifestyles Healthcare PTE LTD; and Unbound are among the prominent players operating in the sex toys market. These players are focusing on product development and innovation to sustain their positions in the market. For instance, in September 2020, Lovehoney has acquired a fellow Swiss online sex toy retailer after achieving strong growth internationally.

Speak to Analyst @ https://www.theinsightpartners.com/speak-to-analyst/TIPRE00015794

The report segments the global sex toys market as follows:
By Material
• Metal
• Silicone
• Plastic
• Glass
• Others

By Gender
• Male
• Female

By Distribution Channel
• E-Commerce
• Specialty Stores
• Others

Get a Full Copy of This Report @ https://www.theinsightpartners.com/buy/TIPRE00015794/?utm_source=EINPressWire&utm_medium=10379

About The Insight Partners
The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Healthcare, Media, and Telecommunication.

Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis.

Our research content is majorly focused toward market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of geography, Systems, products, and services etc., which helps our clients to gain a deeper analytical understanding of various research topics.

Contact Us
If you have any queries about this report or would like further information, please contact us:

Sameer Joshi
The Insight Partners
+91 96661 11581
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn