At 6.70% CAGR, Global Lubricant Market Size to Surpass US$ 1.73 Billion by 2027 | Industry Trends, Growth, Share, Opportunities, Statistics, Analysis & Forecast Report by IMARC
Global personal lubricant market Overview (2022-2027)
• Historical Market Size (2021): US$ 1.13 Billion
• Forecast CAGR (2022-2027):6.70%
• Forecast Market Size (2027): US$ 1.73 Billion
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What is a Personal lubricant Market ?
Personal lubricant represents specialized lubes, gels, and liquids that are applied on individuals’ private parts, including the penis, vagina, and anus, to lower pain and friction during sexual intercourse.
They are manufactured from the combination of several ingredients, such as glycerin, vinyl dimethicone, polyethylene glycol, purified or deionized water, hydroxyethyl cellulose, carboxymethyl cellulose, etc.
Personal lubricant products help in relieving pain, reducing curl vaginal dryness or chafing, mitigating irritations, decreasing the risk of injuries, and offering protection against sexually transmitted infections (STIs). Consequently, they are in extensive demand among consumers across the globe.
What are the major market drivers in the Lubricant Market ?
The elevating need for various personal care products and the increasing prevalence of vaginal dryness issues and erectile dysfunction are among the key factors driving the personal lubricant market. In addition to this, the rising usage of water-based personal lubes, on account of their gel-like structure, easy-to-clean formula, proven efficiency, and enhanced compatibility with condoms and sex toys, is acting as another significant growth-inducing factor.
Apart from this, the development of premium medicated lubricants in multiple types and flavors, which include k-y jelly and replens, which aid in vaginal tears, and the expanding availability of these products across numerous online and offline drug and grocery stores are also positively influencing the global market.
Moreover, the growing consumer awareness about the diverse usability of the product and the launch of favorable initiatives by government bodies and non-governmental organizations (NGOs) aimed at providing adequate sex education in educational settings for sensitizing the younger demographics are expected to propel the personal lubricant market over the forecasted period.
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Breakup by Type:
Breakup by Gender:
Breakup by Distribution Channel:
- Drug Stores
Based on the Distribution Channel , the report finds that the healthcare sector dominates the market. There are many ongoing development projects undertaken by various nations, which require a continuous flow of electricity. Owing to this, there is a rising demand for power inverters in this sector.
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
For the competitor segment, the report includes global key players of the Personal Lubricant Market-
BioFilm IP LLC, Church & Dwight Co. Inc., Cupid Limited, Karex Berhad, LifeStyles Healthcare Pte Ltd, Lovehoney Group Limited, Reckitt Benckiser Group PLC, Sliquid LLC, The Yes Yes Company Ltd. and Trigg Laboratories Inc.
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