Portland, OR, June 13, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the India sexual wellness market generated $1.15 billion in 2020, and is expected to reach $2.09 billion by 2030, witnessing a CAGR of 5.8% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Rise in the number of consumers shopping online owing to availability of different product options and price comparisons and surge in awareness about sexual wellness products drive the growth of the India sexual wellness market. However, hectic & busy schedules and issues such as stress, hormonal, and aging restrain the market growth. Contrarily, increase in popularity of wellness products such as sex toys, delay sprays, and sex enhancement supplements among young couples presents new opportunities in the coming years.
Covid-19 Scenario:
- Manufacturing activities of various product types stopped completely or partially due to lockdown restrictions, shortage of raw materials, and disruptions in supply chain. However, the daily operations got back on track post-lockdown.
- In addition, the sales volume reduced considerably due to closure of specialty stores and hypermarkets/supermarkets during the lockdown. However, the sales volume through online channels increased considerably with preference of couples for this distribution…
