Global Sexual Enhancement Supplements Market 2017-2021
About Sexual Enhancement Supplements
These supplements include creams, gels, and sprays that are available in a variety of flavors and colors in the market, and sold through online and retail outlets. Here, the internet plays a major role in driving the market growth. It not only gives buyers access to a broad range of sexual enhancement supplements, but it also helps supplements providers to increase sales opportunity by connecting sellers and buyers on a single platform. Previously, online penetration was very low in most of the emerging countries like China, India, and Indonesia; developed countries like the US and the UK had been seeing relatively high penetration rate. However, in the last five years, India and China have witnessed extraordinary rise in online shopping, which has resulted in enormous sales of sexual enhancement supplements.
Technavio’s analysts forecast the global sexual enhancement supplements market to grow at a CAGR of 11.95% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sexual enhancement supplements market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sexual Enhancement Supplements Market 2017-2021
Technavio recognizes the following companies as the key players in the global sexual enhancement supplements market: Ansell, Doc Johnson, Innovus Pharmaceuticals, and Reckitt Benckiser.
Other Prominent Vendors in the market are: Leading Edge Health, Lovehoney, and Pound International.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is incremental growth in customer acceptance. Societal norms regarding sexual intimacy have evolved over the years. Previously, it was considered as taboo to openly discuss sex in several conservative societies, but today when such cultural mores have drastically changed, there has been an increase in customer acceptance toward sexual enhancement supplements. The change has taken place due to the increased exposure to internet content, TV shows, movies, and literature.”
According to the report, one driver in market is increased demand for sexual enhancement supplements from women. The sexual enhancement supplement market is undergoing a major shift as more women are having their say in choosing sexual wellness products. Earlier women were deprived of expressing their sexual needs, desires, and pleasures. Instead they were objectified in order to market men's products. Nevertheless, this trend is changing as women are becoming prominent purchasers of sexual enhancement supplements due to easy availability and purchasing processes through e-commerce websites. Vendors are sharing information through online forums, blogs, and videos for women to explore about these products and supplements and buy them discreetly. They are also creating online communities, where women can share their experiences and get advice and support from peers as well as experts such as sexologists, doctors and therapists. Thus, the global sexual enhancement supplements market will boom rapidly during the forecast period.
Further, the report states that one challenges in market is growing cases of side effects. Though sexual wellness products are increasingly getting socially accepted, consumers are more concerned about the side effects of these products. The ingredients and materials used in these products are needed to be scrutinized as the chemicals come in direct contact with intimate areas of the skin, making them more prone to reactions such as numbness, pain, irritation, and inflammation or swelling. Many sexual enhancement products contain alkyl nitrites, a hazardous chemical compound, which is very harmful if ingested or inhaled. For example, poppers (commonly known as recreational drugs), such as Ram, Rush, and Jungle Juice Platinum, comprise alkyl nitrites. This chemical is also seen in liquid incense, leather cleaners, or room deodorizers. Another sexual enhancement supplement chemical Dehydroepiandrosterone (DHEA), which is used to boost female and male hormones, has witnessed a surge in cases of ovarian, breast, and prostate cancer. Also, the DHEA causes cardiovascular disease and even affects fertility and sperm count. These factors affect consumer confidence on the products and deters purchase.
Ansell, Doc Johnson, Innovus Pharmaceuticals, Reckitt Benckiser, Leading Edge Health, Lovehoney, and Pound International.