South and Central America Sex Toys Market Segments and Growth by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028South 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)
- Report Date : Jun 2021
- Report Code : TIPRE00023039
- Category : Consumer Goods
- Status : Published
- Available Report Formats :
- No. of Pages : 94
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.
Rising demand and adoption of sex toys is proactively attracting massive investments to consolidate manufacturing and sales channels. Moreover, companies are focusing on the development of advanced products with enhanced capabilities. In February 2021, Dame Products raised around US$ 4.0 million through the rounds of series funding. With the help of this financial resources, the company is planning to expand its team and R&D capabilities. In May 2019, Bend, considerable player in sex toys market, announced the investment of US$ 2.0 million for its robotic sex toy. With this funding, the company announced the new product development and strengthening of customer reach. Such financial activities are projected to fuel the growth of the market during the forecast period.
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.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the sex toys market. The South and Central America sex toys market is expected to grow at a good CAGR during the forecast period.
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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
- Lovehoney Group Ltd.
- BMS Factory
- TENGA Co., Ltd.
South and Central America Sex Toys Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,446.6 Million |
| Market Size by 2028 | US$ 2,275.3 Million |
| Global CAGR (2021 - 2028) | 6.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Lovehoney Group Ltd.
- BMS Factory
- TENGA Co., Ltd.
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