Sexual Enhancements Supplements Market Size By Type (Female Sexual Enhancement Supplements, Male Sexual Enhancement Supplements), By Distribution Channel (Online, Offline) By Geographic Scope And Forecast
Sexual Enhancements Supplements Market Size By Type (Female Sexual Enhancement Supplements, Male Sexual Enhancement Supplements), By Distribution Channel (Online, Offline) By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Sexual Enhancements Supplements Market Size By Type (Female Sexual Enhancement Supplements, Male Sexual Enhancement Supplements), By Distribution Channel (Online, Offline) By Geographic Scope And Forecast
Sexual Enhancement Supplements Market Size And Forecast
Sexual Enhancement Supplements Market size was valued at USD 236.74 Million in 2024 and is projected to reach USD 514.91 Million by 2031, growing at a CAGR of 10.20% from 2024 to 2031.
Global Sexual Enhancement Supplements Market Drivers
The market drivers for the Sexual Enhancement Supplements Market can be influenced by various factors. These may include
Growing Acceptance and understanding The market is growing as a result of rising acceptance and understanding of sexual health issues as well as the accessibility of supplements as a remedy.
Changing lives and Stress Sexual health issues can arise from modern lives, which include high levels of stress, sedentary behaviour, and poor food choices. This increases need for supplements.
Ageing Population Products that can address age-related sexual health issues, such as erectile dysfunction or diminished libido, are in higher demand as the world’s population ages.Growing disposable Income Consumers are able to spend more on health and wellness items, such as supplements for sexual enhancement, when their disposable income rises, especially in emerging nations.
Technological developments Product effectiveness and customer appeal are increased by technological developments in supplement formulation, such as the creation of novel ingredients or delivery methods.
Changing societal views The demand for sexual enhancement supplements may rise as a result of a change in societal views around sexuality, including a greater openness and destigmatization of sexuality.
Direct-to-consumer channels and e-commerce The market is expanding as a result of consumers having greater access to a wide variety of sexual enhancement supplements thanks to the advent of e-commerce and direct-to-consumer channels.
Regulatory Environment Modifications to regulatory frameworks, such as the acceptance of novel components or the easing of regulations, may have an impact on the accessibility of products and the expansion of the market.
Marketing and Advertising Consumer interest and demand can be increased by running successful marketing and advertising efforts that de-stigmatize sexual health issues and highlight the advantages of supplements.
Trend towards Natural and Herbal Remedies The growing acceptance of natural and herbal remedies as an alternative to synthetic drugs is reflected in the growing demand for natural ingredients used in sexual enhancement supplements.
Global Sexual Enhancement Supplements Market Restraints
Several factors can act as restraints or challenges for the Sexual Enhancement Supplements Market. These may include
Regulatory Restrictions Marketing, distribution, and sales of supplements for sexual enhancement may be restricted by regulatory authorities’ tight rules and guidelines. These rules, which frequently centre on labelling requirements, safety, and efficacy, make it challenging for businesses to launch new goods or increase their market share.
Social Stigma and Taboo Although goods for sexual wellness are becoming more and more accepted, there are still taboos and social stigmas around talking about or taking sexual enhancement supplements. Because of this stigma, fewer people could look for or use these products, which would restrict market expansion.
Limited Knowledge and Education The expansion of the sexual health and wellness product industry may be hampered by ignorance or false information. There’s a chance that many customers are ignorant of the availability or advantages of sexual enhancement supplements, and others may harbour false beliefs about their security or effectiveness.
Health Issues and Side Effects Consumers may be discouraged from buying or utilising sexual enhancement supplements due to worries about possible negative effects or health hazards. A negative public image or regulatory alerts about potential consequences might further damage consumer trust and reduce demand in the market.
Competitive Landscape There are many companies and products fighting for market share in the fiercely competitive sexual enhancement supplement industry. Price wars, dwindling profit margins, and difficulties creating distinctiveness or brand loyalty can result from intense competition.
Economic Factors Consumer expenditure on non-essential products like sexual enhancement pills can be impacted by economic downturns or variations in disposable income. Consumers may prioritise necessities over frivolous purchases during uncertain economic times, which could impact market demand.
Distribution Issues Market expansion may encounter difficulties if sexual enhancement supplements are not widely available or are difficult to obtain through conventional retail channels. Distributing these products can be difficult due to a lack of shelf space, retailers’ unwillingness to carry them, or limitations on internet sales channels.
Sexual Enhancement Supplements MarketSegmentation Analysis
The Sexual Enhancement Supplements Market is segmented based on Type, Distribution Channel, and Geography.
Sexual Enhancement Supplements Market, By Type
Female Sexual Enhancement Supplements
Male Sexual Enhancement Supplements
Based on Type, the market is divided into Female Sexual Enhancement Supplements, Male Sexual Enhancement Supplements. During the forecast period, male sexual enhancement supplements are anticipated to dominate the market due to heightened consumer awareness regarding such products. With the escalating prevalence of sexual dysfunctions among males globally, the male segment is experiencing substantial growth. This surge in demand for sexual enhancement supplements amplifies both the volume and value potential of the global male sexual enhancement supplements market.
Sexual Enhancement Supplements Market, By Distribution Channel
Online
Offline
Based on Distribution Channel, the market is divided into Online and Offline. The online segment has emerged as the fastest-growing sector in the global sexual enhancement supplements market driven by several factors contributing to its rapid expansion. One significant driver is the increasing prevalence of e-commerce platforms facilitating convenient access to a wide range of products from the comfort of one’s home. This trend is particularly pronounced in emerging economies like India and China where rising internet penetration and smartphone usage have fueled a surge in online shopping.
Sexual Enhancement Supplements Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
Based on Geography, the sexual enhancement supplements market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America accounts for the largest market share in the market. North America stands out as the dominant force in the global sexual enhancement supplements market largely propelled by the presence of highly industrialized nations like the United States and Canada. The region’s prevalence of erectile dysfunction (ED) is on the rise spurred by rapid lifestyle changes, elevated rates of smoking and drinking, and heightened stress levels among the population. These factors contribute to a growing demand for products aimed at addressing sexual health concerns and enhancing performance.
Key Players
The study on Sexual Enhancement Supplements Market report will provide valuable insight with an emphasis on the global market. The major players in the market are Arkopharma Laboratories, Church and Dwight Co. Inc, Dabur India Ltd., Leading Edge Health Inc., Doc Johnson Enterprises, Lovehoney Group Ltd., GNC Holdings LLC, Herbalife International of America Inc, Hi Tech Pharmaceuticals Inc., Aytu BioPharma Inc., NOW Health Group Inc., BioFilm Inc., Atlantic Essential Products Inc.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Sexual Enhancement Supplements Market Recent Developments
In 2019, the FDA advised customers to avoid dietary supplements that claim to improve sexual performance, weight loss, or bodybuilding because they may include hidden and potentially dangerous chemicals. According to the FDA, similar medications are sold without a prescription on various websites, including Amazon, and may be in some retail outlets.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Arkopharma Laboratories, Church and Dwight Co. Inc, Dabur India Ltd., Leading Edge Health Inc., Doc Johnson Enterprises, Lovehoney Group Ltd., GNC Holdings LLC, Herbalife International of America Inc, Hi Tech Pharmaceuticals Inc., Aytu BioPharma Inc., NOW Health Group Inc., BioFilm Inc., Atlantic Essential Products Inc.
SEGMENTS COVERED
Type, Distribution Channel, and Geography.
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Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factorsProvision of market value (USD Billion) data for each segment and sub-segmentIndicates the region and segment that is expected to witness the fastest growth as well as to dominate the marketAnalysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each regionCompetitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiledExtensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market playersThe current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regionsIncludes in-depth analysis of the market of various perspectives through Porter’s five forces analysisProvides insight into the market through Value ChainMarket dynamics scenario, along with growth opportunities of the market in the years to come6-month post-sales analyst support
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