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Sexual Wellness Market in Europe - Industry Outlook and Forecast 2019-2024

SKU : ARZ190807
  • Published on : August 2019

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The Europe sexual wellness market research report covers market sizing and forecast, market shares, industry trends, growth drivers, and vendor analysis. The study includes insights on segmentation by product (sex toys, condoms, exotic lingerie, sexual lubricants, and others), end-users (male and female), distribution types (retail and online), and geography (Germany, UK, France, Italy, Russia, Spain, Sweden, Poland, Portugal, Netherland, Turkey, and Czech Republic).

Europe Sexual Wellness Market: Dynamics

Diverse Government initiatives & high adoption of digital platforms are likely to boost the market

Europe sexual wellness market is witnessing strategic investment by small and mid-sized equity firms and other sources. These investments are expected to facilitate an enhanced customer engagement along with more influx of vendors, thus boosting the market growth. Besides, various consumer and technology trends prevailing in the region is also improvising the market scenario. Further, countries such as the UK, Germany, France, Italy, and Spain are certain key growing countries driving the demand for sexual wellness products in Europe during the forecast period.

In addition, the entry of new digital platforms is expected to drive the demand for health and wellness products considerably, owing to a high internet and smartphone penetration. Several vendors are adopting online medium to gain comprehensive visibility and increased profit margins. Further, advertisements and campaigns are expected to emerge as a key growth factor for the vendors of the Europe sexual wellness market.

The sexual wellness market is primarily observing a significant growth in focus toward women customers. Vendors are launching several female-centric toys, exotic lingerie, and condoms to attract female customers, considering the age and the need. Thus, the essence of realizing the urge to fulfill the needs and desires of women tends to create a market opportunity for various vendors across the Europe sexual wellness market.

Further, diverse government initiatives for imparting quality sex education have led to an increased demand for sexual wellness products. Strategic consolidations adopted by vendors across countries coupled with the emergence of daring start-ups are one of the substantial factors facilitating the Europe sexual wellness market growth. Another crucial factor being looked upon by vendors is the long-standing untapped opportunity of serving women more comprehensively via gender-neutral tones, which is likely to contribute to the market growth. The Europe sexual wellness market is expected to grow at a CAGR of more than 6% during 2018−2024.

Europe sexual wellness market: Segmentation

This market research report includes a detailed segmentation of the market by product, distribution channel, end-users, and geography.

 

Europe sexual wellness market: Products

The growing awareness about sex toys is expected to help the industry to gain mainstream acceptance

The increasing demand for both shared and solo sex toys among end-users is a significant factor, which is contributing to the growth of the Europe sexual wellness market. To gain profit, the sex toy manufacturers and retailers are capitalizing on this growing interest by offering bundled products and “starter kits” for inquisitive customers. In addition, discrete packaging is also helping the market to prosper, especially in developing economies.

The augmented demand by governments, NGOs, and foundations for distribution among several countries is a significant factor contributing to the increased demand for condoms. The segment is witnessing a boost likely due to improved branding by the manufacturers and appealing packaging. Further, vendors are introducing premium female condoms, which are expected to give momentum to the sexual wellness market.

As end-users are becoming adventurous and open to experimentation, the appetite for fashion-forward and provocative sensual lingerie is increasing in the market share. Young couples are emerging as the largest end-users of exotic lingerie. Besides, the evolution of BDSM and the emergence of online shopping websites are also playing a significant role in boosting the demand for sexual wellness products.

The demand for sexual lubricants has majorly been concentrated in Western European countries such as the UK, Germany, France, and Italy. Further, the acquisition of Johnson & Johnson’s K-Y brand by Reckitt Benckiser played a major role in the increased adoption of sexual lubricants, especially in the UK.

The demand for other products, which mainly consist of sexual enhancement supplements, is growing at a steady pace. The Europe sexual wellness market is also witnessing a proliferated demand for herbal products as they are free from any side-effects contrary to allopathic products.

Europe sexual wellness market: End-User

Europe sexual wellness market is witnessing a gradual shift towards female-centric products

The male end-users segment occupied the largest share of the market in 2018. Condoms and sex toys are observing huge demand by male customers in the market. Condoms are witnessing high demand and generating high revenues owing to a wide range, easy availability, and competitive prices. Further, vendors are considering free-spots (free to use condoms) to promote the sale of free condoms which tend to reduce their scope for pushing the branded condoms up for sale. Thus, the increasing likeness of males toward sexual wellness products and vendors initiatives are expected to drive the Europe sexual wellness market during the forecast period.

The sexual wellness market is witnessing a shift due to the increased introduction of women sexual products. For instance, female condoms, vibrators, dildos are gaining traction in the market. Thus, the increased demand for innovative sexual products is attracting new start-ups to enter the market as well. Start-ups such as Nuelle, B-wom, Damivia, and Sustain have evolved significantly, thereby contributing to the growth of the market for females. For instance, Nuelle garnered more than $23.05 million from investors to deliver sexual wellness products aimed at enhancing women’s health.

Europe sexual wellness market: Distribution Channels

Offline stores dominate the market, online platforms to gain profits

Sexual wellness products are primarily sold through retail channels such as specialty stores, supermarkets, hypermarkets, etc. The entry of leading condom manufacturers with decade-old established retail presence has increased the sale of sex toys and lubricants through retail stores. Besides, product manufacturers harness sex specialty stores and supermarkets due to personalized customer services, which is giving momentum to the offline retail market.

Further, the growth in online sales is set to increase by over 20% YOY during the forecast period. The reasons can be attributed that they offer a variety of options to choose from at discounted prices than retail stores. In addition, the online channel offers product bundles at a lower price and enables potential consumers to have a look at reviews which the brick-and-mortar formats lack.

Europe sexual wellness market: Geography

Innovative manufacturing and emphasis on customized designs are likely to contribute to the market growth

The arrival of new technologies and innovations in manufacturing sex toys such as 3D printing and manufacturing of organic lubricants is driving the market in Germany. Due to an increased focus on quality, vendors are shifting the emphasis from mass-market products to custom designs and requirements. Further, effective product manufacturing and distribution are also likely to contribute to the growth of health and wellness products in Germany. In the UK, vendors and retailers are coming up with new strategies to garner interest and increased sales of sexual wellness products. Further, the increased adoption of sex toys among women is also contributing to the growth of the market in the UK

The market in France, Italy, and Russia are growing at a healthy rate. Factors such as high penetration of vendors and an emerging audience for the sexual wellness products across these nations are the key factors for the substantial growth.  Also, key countries such as the Netherlands, Germany, and Austria are expected to remain crucial with regard to the economic growth of the region. For instance, net trade, private consumption, and investments along with government expenditure, are set to boost the growth in the Netherlands.

The sexual wellness market in Sweden is expected to grow at a substantial CAGR close to 7% during the forecast period. The region is emerging as one of the promising markets for the sexual wellness product manufacturers, specifically regarding products such as sex toys. Further, the Czech Republic is significantly contributing to the growth of European sexual wellness market. The factors such as abundant media coverage for the popularity, presence of sexually aware young population, and continuous innovation in the small market are driving the market in the country.

Key Countries

  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Sweden
  • Poland
  • Portugal
  • Netherland
  • Turkey
  • Czech Republic

Key Vendor Analysis

Global vendors with huge infrastructure and R&D support are rapidly expanding their footprint in the Europe sexual wellness market. Thus, regional vendors find it increasingly difficult to compete in terms of reliability, technology, and price. Further, manufacturers are creating marketing strategies based on the durability of the equipment. The competitive environment in the market is likely to intensify further with an increase in product/service extensions, technological innovations, and mergers and acquisitions.

Key Vendors

  • Church & Dwight
  • Diamond Products
  • KarexBerhad
  • LifeStyles
  • Okamoto
  • Reckitt Benckiser

Other prominent vendors are BeateUhse, Beijing Aimer, Bijoux Indiscrets, Billy Boy, BioFilm, BMS Factory, Bodywise, B. Cumming, CalExotics, Calvin Klein, Convex Latex, Cosmo Lady, Cupid Limited, Doc Johnson, Eau Zone Oils & Fragrances, European Lingerie Group AB (ELG), Embry, Empowered Products, Fuji Latex, Good Clean Love, Guy & O’Neill, Hathor Professional, HBM Group, HLL Lifecare, ID Lubricants, Innova Quality, InnovusPharma, IXu, L Brands, La MaisonLejaby, La Perla, LELO, Live Well Brands, Lovehoney Group, Mayor Laboratories, MD Science Lab, MTLC Latex, Orient Industry, PHE, pjur Group, Sagami Rubber Industries, Sensuous Beauty, Shandong Ming Yuan Latex, Shanghai Dahua Medical Apparatus Co., Silk Parasol, Sliquid, StaySafe Condoms, STRATA Various Product Design, Suki (OhMiBod), Thai Nippon Rubber Industry (TNR), The Yes Company, Tianjin Condombao, Topco Sales, Trigg Laboratories, Triumph, Veru Healthcare, and XR Brands.

Key market insights include

The report provides the following insights into the Europe sexual wellness market for the forecast period 2019–2024.

  • It offers comprehensive insights on current industry trends, forecast, and growth drivers about the Europe sexual wellness market.
  • The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
  • It offers a complete overview of market segments and the regional outlook of Europe sexual wellness market.
  • The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain a competitive advantage in the Europe sexual wellness market.

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