By 2030, the Asia Pacific sex toys market is estimated to be worth USD 11.177 billion, increasing at a CAGR of 6.15 % over the forecast period (2022–2030).
A sex toy is a device that aids in the stimulation and pleasure of sexual activity. People of all ages can use sex toys for a number of purposes, whether alone or with a partner. These may also be used medicinally if a person suffers from specific sexual dysfunctions. These are mostly used to make nighttime more enjoyable. Vibrators, lubricants, dildos, anal sex toys, penis rings, rubber vaginas, sexual play props, and BDSM gear are examples of sex toys. The vibrator is currently the most popular sex device. Many popular sex toys are designed to resemble human genitals and may or may not vibrate. The word "sex toy" can also refer to BDSM gear and sex furniture such as slings, but it excludes birth control, pornography, and condoms. Other names for sex toys include adult toy and the defunct euphemism marital assistance. Sex toys are most commonly acquired from a sex shop or online, but they can also be obtained from a pharmacy, a pornographic store, a head shop, or a department store. Sex toys for men and women are widely available in almost every country.
People's attitudes around the use and adoption of sex toys in Asia Pacific are shifting in the region. Customers' changing attitudes toward sex toys has prompted market companies to produce advanced pleasure-giving products. Furthermore, the shift in viewpoint is contributing to the widespread acceptance of sex toys, particularly among women. In Asia-Pacific, reduced cultural taboos connected with sex and an increase in internet retailers are expected to boost demand for sex toys. Countries like Singapore and New Zealand are increasingly encouraging the sex toys industry to appeal to women's sexual demands.
The Asia Pacific Sex Toys Market is divided into the following categories:
In 2020, the female sector dominated the market, accounting for more than 60% of total sales. Despite the taboo and social disgrace, there is a wide range of women's attire available. Vibrators, dildos, and anal beads are on display in the wellness area. Manufacturers have typically targeted women when creating toys based on female anatomy.
As the growing popularity of male sex toys including penile rings, penis pumps, and penis vibrators, the male sex toys business is predicted to grow. Online merchants and hypermarkets sell sex toys alongside condoms in their wellness departments, making it simple for men to improve their sexual health.
By 2020, e-commerce platforms and online merchants will command more than 60% of the market. The rise of the segment is being fuelled by increased internet access and the availability of a variety of sex toys on e-Commerce platforms. Customers who prefer online shopping to traditional adult stores benefit from the confidentiality of product delivery. The global sex toys industry is classified into three sectors based on distribution methods: e-commerce, specialist retailers, and mass merchandisers.
The Asia Pacific Sex Toys Market is expected to be worth USD 11.177 billion by 2030, growing at a CAGR of 6.15 percent between 2022 and 2030. People's attitudes toward the use and adoption of sex toys are changing across Asia Pacific. Market companies have responded to changing customer attitudes around sex toys by developing advanced pleasure-giving products. Furthermore, the shift in perspective is assisting in the broad adoption of sex toys, particularly among women. Reduced cultural taboos surrounding sex and an increase in internet merchants are likely to stimulate demand for sex toys in Asia-Pacific. Singapore and New Zealand, for example, are progressively promoting the sex toy business to cater to women's sexual desires.
Firms in the Japan participate in a number of growth strategies in order to boost income. TENGA Co. Ltd. launched the "TENGA ROCKET PROJECT" in February 2021, a project in which TENGA will sponsor the launch of IST's ballistic observation rocket "MOMO" as part of a broader launch promotion to be sold on TENGA's Japanese E-commerce and several pop-up shops throughout Japan. Also, TENGA Co., Ltd. has introduced the NEW TENGA Advisor, which will assist you in making the best decision in the All-New TENGA CUP Series for the promotional purpose which stimulated to demand for these toys in Japan.
Furthermore, the market's expansion is aided by the expansion of e-commerce channels. Hot Spot, one of Australia's top online adult toy businesses, announced a huge 42 percent increase in income recently. In more ways than one, Western Australia is a region of infinite discovery. An Australian online adult toy retailer recently crunched the spending numbers of clients purchasing adult toys online during the previous year, and some fascinating anonymous facts emerged. Western Australian buyers had the highest average order spend on sex toys, at $95.74 per order, according to the data. Western Australians are known for their inventiveness in the bedroom, buying dildos, vibrating underwear, and couple's toys in droves.
The aspiration to become 'Aatmanirbhar Bharat' is being fulfilled by India's sex toys business. India is the home of Kamasutra, as evidenced by the fact that its population is expanding faster than China's. From the outside, we may appear to be a society that values conservative values and notions of purity, but once the doors are shut and the lights are turned off, it's a whole different story. Initially, male clients dominated the market, with men accounting for 75 percent of traffic and about 85-90 percent of purchases, but the tides are turning. Women's demand is gradually increasing, bringing the ratio closer to 50:50 in Indian market. Another fascinating truth is that many males purchase sex toys for their female partners.
Some of the major players in Asia Pacific (having significant market share) are listed below:
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