Feminine Intercourse Toys Market Heading Towards New Regular Registering an Incremental Progress of $8.87 Billion throughout 2020-2024
NEW YORK, February 26, 2021 / PRNewswire / – According to Technavio’s latest market research report, global growth of the sex toys for women market is projected to slow nearly 13% in 2020-2024. The research report provides a detailed analysis of the impact of the pandemic, emerging opportunities and business recovery options for stakeholders in the consumer staples industry. The pandemic-oriented insights contained in the report also help customers keep abreast of supplier movements, logistics and supply chain operations in the related markets with direct and indirect COVID-19 impacts.
Sex Toys For Women Market By Distribution Channel And Geography – Forecast and Analysis 2020-2024
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Industry and market highlights for consumer staples
- The staple food industry will have a positive impact due to the pandemic
- The sex toys for women market is projected to experience positive growth between 2024 and 2024
- The consumer staples industry will have a direct impact as it nears the new normal
- The demand in the market for sex toys for women is expected to increase in 2020 compared to 2019 due to the positive year-on-year comparison
New product launches were a major contributor to market growth over the forecast period. An increasing number of sexual wellness initiatives and crowdfunding campaigns will also have a positive impact on the personal product market and industry in the coming years.
Show market snapshot
According to sales channels, the retail and specialty stores segment is expected to dominate the sex toy market in the forecast period. Expansion plans and product launches by vendors are one of the key factors driving the segment’s growth.
In terms of geography, APAC had the largest market share for sex toys in 2020-2024. The region will contribute to the highest growth due to the increasing M&A activities of the providers.
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Technavio’s vendor landscape provides a framework for estimating the growth map for various markets in the personal products industry and categorizes vendors into pure, category-oriented or diversified providers based on their offerings. All market reports provide the key and contributing players along the value chain based on the internal influence index developed using several industry and market parameters. Some of the leading players in the market are: BMS Enterprises, Dame Products LLC, FUN FACTORY GmbH, J. Sainsbury Plc and JIMMYJANE.
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