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South and Central America Sex Toys Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Metal, Silicone, Plastic, Glass, and Others); Gender (Male, and Female); Distribution Channel (E-Commerce, Specialty Stores, and Others)

Code: TIPRE00023039 | Pages: 94 | Industry: Medical Device | Date: Jun 2021
Covid

Market Introduction

A sex toy is an object or device used for sexual stimulation or to enhance sexual pleasure. Sex toys can be used for multiple purposes alone or with a partner by people of all age groups. The terms sex toy, sex product, sexual merchandise, and adult novelty have been used in previous researches. Products considered as sex toy in this study are vibrators, lubrication products, dildos, anal sex toys, penis rings, rubber vaginas, props for erotic play, and BDSM gear. The most purchased sex toy today is the vibrator. It is the first commercial sex toy of the modern era. Increased spending capacities and improved standard of living in developing economies are the factors expected to drive market growth. Besides, acceptance of the LGBTQ community and growing interest among women towards experimenting with sexual wellness products without hesitation is promoting the adoption of such products.

Thus, a changing perception of customers towards utilization of sex toys is expected to create a significant demand for Sex toys in the coming years, which is further anticipated to drive the Sex toys market.

South and Central America have been witnessing a growing number of COVID-19 cases since its outbreak. For instance, according to Worldometer, the number of cases has reached around 25.1 million with 0.7 million deaths reported in South America as of May 2, 2021. The cases are increasing in Brazil, Argentina, Colombia. The COVID-19 is expected to result in the region's worst recession, causing a 9.1% contraction in regional GDP in 2020. The lockdown condition helps to boost the sales of adult toys in the South and Central America region. According to research study by LovetheSales.com, Brazil, South America's most populous nation, has seen the greatest rise in global demand for bedroom toys. This April, Brazilians searched for X-rated goods 126% more than previous year April 2019. During a pandemic, such high internet traffic for purchasing sex products through the online channel helps the market expand.

 

 

Market Overview and Dynamics

The sex toys market in South and Central America is expected to grow from US$ 1,446.6 million in 2021 to US$ 2,275.3 million by 2028; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028. Increasing number of e-commerce platforms is one of the prominent reasons boosting the adoption of sex toys. Though the use of sex toys in the region is being normalized, majority of the customers prefer hiding their identity while purchasing sex toys. Online or E-commerce platform allows customers to hide their identity while purchasing such products, leading to the increase in purchase of sex toys. Moreover, considerable number of market players are actively entering into the market due to substantial market potential. Such growing presence of online retailers and preference for online platforms to buy sex toys are estimated to drive the growth of the sex toys market during the forecast period.

 

Key Market Segments

In terms of material, the silicone segment accounted for the largest share of the South and Central America sex toys market in 2020. In terms of gender, the female segment accounted for the largest share of the South and Central America sex toys market in 2020. In terms of distribution channel, the e-commerce segment held a larger market share of the sex toys market in 2020.

 

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the sex toys market in South and Central America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Lovehoney Group Ltd., BMS Factory, and TENGA Co., Ltd.

 

Reasons to buy report

  • To understand the South and Central America sex toys market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for South and Central America sex toys market
  • Efficiently plan M&A and partnership deals in South and Central America sex toys market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South and Central America sex toys market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in South and Central America region.

 

SOUTH AND CENTRAL AMERICA SEX TOYS MARKET SEGMENTATION

 

By Material

  • Metal
  • Silicone
  • Plastic
  • Glass
  • Others

 

By Gender

  • Male
  • Female

 

By Distribution Channel

  • E-Commerce
  • Specialty Stores
  • Others

 

By Country

  • South and Central America
    • Brazil
    • Argentina
    • Rest of South and Central America

 

 

Companies Mentioned

  1. Lovehoney Group Ltd.
  2. BMS Factory
  3. TENGA Co., Ltd.
 

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Sex Toys Market – By Material

1.3.2        Sex Toys Market – By Gender

1.3.3        Sex Toys Market – By Distribution Channel

1.3.4        South and Central America Sex toys Market – By Country

2.           South and Central America Sex Toys Market – Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           South and Central America Sex Toys Market – Market Landscape

4.1         Overview

4.2         PEST Analysis

4.2.1        Sex Toys Market- South and Central America PEST Analysis

4.3         Expert Opinion

5.           South and Central America Sex Toys Market - Key Market Dynamics

5.1         Market Drivers

5.1.1        Changing Perception of Customers Toward Utilization of Sex Toys

5.1.2        Increasing Number of Online Sex Toys Retailers

5.2         Market Restraints

5.2.1        Harmful Chemicals in Sex Toys

5.3         Market Opportunities

5.3.1        Increasing Investment by Sex Toys Manufacturers

5.4         Future Trends

5.4.1        Increasing Adoption of Technology in Sex Toys

5.4.2        App-Enabled Distance Toys and Bluetooth-Powered Toys:

5.4.3        Adventurous Toys:

5.4.4        USB-Rechargeable Toys:

5.4.5        Sex Toys for Medicalization and Sexual Health Promotion:

5.5         Impact Analysis

6.           Sex Toys Market – South and Central America Analysis

6.1         South and Central America Sex Toys Market Revenue Forecasts and Analysis

7.           South and Central America Sex Toys Market Analysis and Forecasts To 2028 – By Material

7.1         Overview

7.2         Sex Toys Market Share, by Material, 2020 and 2028 (%)

7.3         Metal

7.3.1        Overview

7.3.2        Metal: Sex Toys Market– Revenue and Forecast to 2028 (USD Million)

7.4         Silicone

7.4.1.1          Overview

7.4.1.2          Silicone: Sex Toys Market– Revenue and Forecast to 2028 (USD Million)

7.5         Plastic

7.5.1.1          Overview

7.5.1.2          Plastic: Sex Toys Market– Revenue and Forecast to 2028 (USD Million)

7.6         Glass

7.6.1.1          Overview

7.6.1.2          Glass: Sex Toys Market– Revenue and Forecast to 2028 (USD Million)

7.7         Others

7.7.1.1          Overview

7.7.1.2          Others: Sex toys Market– Revenue and Forecast to 2028 (USD Million)

8.           South and Central America Sex Toys Market Analysis and Forecasts To 2028 – By Gender

8.1         Overview

8.2         Sex toys Market Share, by Gender, 2020 and 2028 (%)

8.3         Male

8.3.1        Overview

8.3.2        Male: Sex toys Market– Revenue and Forecast to 2028 (USD Million)

8.4         Female

8.4.1        Overview

8.4.2        Female: Sex toys Market– Revenue and Forecast to 2028 (USD Million)

9.           South and Central America Sex toys Market Analysis and Forecasts to 2028– By Distribution Channel

9.1         Overview

9.2         Sex toys Market Share, by Distribution Channel, 2020 and 2028 (%)

9.3         E-commerce

9.3.1        Overview

9.3.2        E-Commerce: Sex toys Market– Revenue and Forecast to 2028 (USD Million)

9.4         Specialty Stores

9.4.1        Overview

9.4.2        Specialty Stores: Sex toys Market– Revenue and Forecast to 2028 (USD Million)

9.5         Others

9.5.1        Overview

9.5.2        Others: Sex toys Market– Revenue and Forecast to 2028 (USD Million)

10.        Sex Toys Market Revenue and Forecasts to 2028 – Geographical Analysis

10.1      South and Central America: Sex Toys Market

10.1.1     Overview

10.1.2     South and Central America: Sex Toys Market, by Country, 2020 & 2028 (%)

10.1.3     Brazil: Sex Toys Market – Revenue and Forecast to 2028 (USD Million)

10.1.3.1       Brazil: Sex Toys Market – Revenue and Forecast to 2028 (USD Million)

10.1.3.2       Brazil Sex Toys Market, by Material – Revenue and Forecast to 2028 (USD Million)

10.1.3.3       Brazil Sex Toys Market, by Gender– Revenue and Forecast to 2028 (USD Million)

10.1.3.4       Brazil Sex Toys Market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)

10.1.4     Argentina: Sex Toys Market – Revenue and Forecast to 2028 (USD Million)

10.1.4.1       Argentina: Sex Toys Market – Revenue and Forecast to 2028 (USD Million)

10.1.4.2       Argentina Sex Toys Market, by Material – Revenue and Forecast to 2028 (USD Million)

10.1.4.3       Argentina Sex Toys Market, by Gender– Revenue and Forecast to 2028 (USD Million)

10.1.4.4       Argentina Sex Toys Market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)

10.1.5     Rest of South and Central America: Sex Toys Market – Revenue and Forecast to 2028 (USD Million)

10.1.5.1       Rest of South and Central America: Sex Toys Market – Revenue and Forecast to 2028 (USD Million)

10.1.5.2       Rest of South and Central America Sex Toys Market, by Material – Revenue and Forecast to 2028 (USD Million)

10.1.5.3       Rest of South and Central America Sex Toys Market, by Gender– Revenue and Forecast to 2028 (USD Million)

10.1.5.4       Rest of South and Central America Sex Toys Market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)

11.        Impact Of COVID-19 Pandemic on South and Central America Sex Toys Market

11.1      South and Central America: Impact Assessment of COVID-19 Pandemic

12.        Industry Landscape

12.1      Overview

12.2      Growth Strategies Done by the Companies in the Market, (%)

12.3      Organic Developments

12.3.1     Overview

12.4      Inorganic Developments

12.4.1     Overview

13.        COMPANY PROFILES

13.1      BMS Factory

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.1.7     Business Strategy

13.2      TENGA Co., Ltd.

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.2.7     Business Strategy

13.3      Lovehoney Group Ltd.

13.3.1     Overview

13.3.2     Product Portfolio

13.3.3     SWOT Analysis

13.3.4     Recent Developments

13.3.5     Business Strategy

14.        Appendix

14.1      About the Insight Partners

14.2      Glossary of Terms

LIST OF TABLES

Table 1.             Brazil Sex Toys Market, by Material – Revenue and Forecast to 2028 (USD Million)

Table 2.             Brazil Sex Toys Market, by Gender– Revenue and Forecast to 2028 (USD Million)

Table 3.             Brazil Sex Toys Market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)

Table 4.             Argentina Sex Toys Market, by Material – Revenue and Forecast to 2028 (USD Million)

Table 5.             Argentina Sex Toys Market, by Gender– Revenue and Forecast to 2028 (USD Million)

Table 6.             Argentina Sex Toys Market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)

Table 7.             Rest of South and Central America Sex Toys Market, by Material – Revenue and Forecast to 2028 (USD Million)

Table 8.             Rest of South and Central America Sex Toys Market, by Gender– Revenue and Forecast to 2028 (USD Million)

Table 9.             Rest of South and Central America Sex Toys Market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)

Table 10.          Organic Developments Done by Companies

Table 11.          Inorganic Developments Done by Companies

Table 12.          Glossary of Terms, Sex Toys Market


LIST OF FIGURES

Figure 1.           Sex Toys Market Segmentation

Figure 2.           South and Central America Sex Toys Market Overview

Figure 3.           Silicone Segment Held Largest Share of Material in Sex Toys Market

Figure 4.           Brazil is Expected to Show Remarkable Growth During the Forecast Period

Figure 5.           Sex Toys Market - South and Central America PEST Analysis

Figure 6.           Sex Toys Market Impact Analysis of Driver and Restraints

Figure 7.           South and Central America Sex Toys Market – Revenue Forecasts and Analysis – 2020- 2028

Figure 8.           Sex Toys Market Share, by Material, 2020 and 2028 (%)

Figure 9.           Metal: Sex Toys Market– Revenue and Forecast to 2028 (USD Million)

Figure 10.        Silicone: Sex Toys Market– Revenue and Forecast to 2028 (USD Million)

Figure 11.        Plastic: Sex Toys Market– Revenue and Forecast to 2028 (USD Million)

Figure 12.        Glass: Sex Toys Market– Revenue and Forecast to 2028 (USD Million)

Figure 13.        Others: Sex toys Market– Revenue and Forecast to 2028 (USD Million)

Figure 14.        Sex toys Market Share, by Gender, 2020 and 2028 (%)

Figure 15.        Male: Sex toys Market– Revenue and Forecast to 2028 (USD Million)

Figure 16.        Female: Sex toys Market– Revenue and Forecast to 2028 (USD Million)

Figure 17.        Sex toys Market Share, by Distribution Channel, 2020 and 2028 (%)

Figure 18.        E-Commerce: Sex toys Market– Revenue and Forecast to 2028 (USD Million)

Figure 19.        Specialty Stores: Sex toys Market– Revenue and Forecast to 2028 (USD Million)

Figure 20.        Others: Sex toys Market– Revenue and Forecast to 2028 (USD Million)

Figure 21.        South and Central America: Sex Toys Market, by Key Country – Revenue (2020) (USD Million)

Figure 22.        South and Central America: Sex Toys Market, by Country, 2020 & 2028 (%)

Figure 23.        Brazil: Sex Toys Market – Revenue and Forecast to 2028 (USD Million)

Figure 24.        Argentina: Sex Toys Market – Revenue and Forecast to 2028 (USD Million)

Figure 25.        Rest of South and Central America: Sex Toys Market – Revenue and Forecast to 2028 (USD Million)

Figure 26.        Impact of COVID-19 Pandemic in South and Central America Country Markets

Figure 27.        Growth Strategies Done by the Companies in the Market, (%)

 

 

  1. Lovehoney Group Ltd.
  2. BMS Factory
  3. TENGA Co., Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South and Central America sex toys market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the South and Central America sex toys market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth South and Central America market trends and outlook coupled with the factors driving the sex toys market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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