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South & Central America Sex Toys Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material ; Gender ; Distribution Channel

South & Central America Sex Toys Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material ; Gender ; Distribution Channel

  • June 2021
  • 94 pages
  • ID: 6134774
  • Format: PDF
  • The Insight Partners

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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. Sex toys are especially designed for sexual stimulations. The toys help improve sexual performance, extend shorten foreplay, and satisfy a partner who needs more time to climax. Moreover, some of the customers utilize sex toys to have orgasm, fantasize, relax, fall asleep, and to simply feel connected to their own bodies. The perception of people about the use and adoption of sex toys is changing in the region. The change in perception for sex toys among customers has encouraged the market players to develop advanced pleasure giving products. Moreover, the change is perception is also leading to the massive adoption of sex toys, especially by women. Further, surging number of adult shops in the region represents a shift in attitude toward sexual products, which, in turn is likely to drive the market growth during the forecast period
The South and Central America sex toys market is segmented on the bases of material, gender, and distribution channel.Based on material, the market is segmented into metal, silicone, plastic, glass, and others.

In 2020, the silicone segment accounted for the largest share.Moreover, the same segment is expected to register the highest CAGR during the forecast period.

Silicone adult toys are tasteless, odorless, hypoallergenic, anti-allergic, waterproof (therefore easy to clean) and nontoxic.Their durable properties also enable them to be heated up and cooled down.

They can be washed in a dishwasher. All these advantages are driving the market growth for the silicone segment.
South and Central America have been witnessing a growing number of COVID-19 cases since its outbreak. For instance, according to Worldometer, as of May 2, 2021, the number of cases has reached around 25.1 million with 0.7 million deaths in South America. The cases are increasing in Brazil, Argentina, and Colombia. The COVID-19 outbreak caused a 9.1% contraction in regional GDP in 2020 and is expected to result in the region’s worst recession in coming years. Lockdown helps boost the sales of adult toys in South and Central America. According to research study by LovetheSales.com, Brazil, South America’s most populous nation, has seen the greatest rise in the demand for bedroom toys. This April, Brazilians searched X-rated goods 126% more than April 2019. During the pandemic, such high internet traffic for purchasing sex products through the online channel drives the market growth.
The overall South and Central America sex toys market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the South and Central America sex toys market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the South and Central America sex toys market. Lovehoney Group Ltd.; BMS Factory; and TENGA Co., Ltd. are among the players operating in the market.

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