I'm not sure it's really sexist, but its obviously inappropriate. If they awarded the mens competition with a fleshlight and a razor I don't think anyone would question whether or not its sexist. But it would be a weird award to receive and I think I wouldn't be too happy about receiving it.
I think its offensive, but not necessarily sexist. I think dividing people into different competitive groups based on gender is literally sexist. I don't think that that is necessarily a problem in this case, but if we are going to call things sexist then that would be the place to start for the scenario presented here.
It's also a little sexist to think that these are necessarily products exclusively for women. There are men who wax their body hair. There are men who remove callouses from their feet, I know I do it. There are men who use vibrators, even on their penis. It seems kind of sexist to assume that these are products exclusively for women.
Still, its a bad choice for an award. Nobody wants to get these types of things publicly, these are all items to be used privately. It's offensive because of that, but I don't think its really sexist.