According to our new research study on “Personal Lubricants Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Lubricant Type and Distribution Channel,” the market is expected to reach US$ 2,933.62 million by 2028 from US$ 1,419.89 million in 2021; it is estimated to grow at a CAGR of 10.9% from 2021 to 2028. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth.
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Sex is one of the critical aspects of the social life of people. There are various myths and wrong knowledge about sex-related activities among adults and youths in different parts of the world. The incidence of sexual activities is higher among the youngsters in the school and colleges teens. For instance, as per National Youth Risk Behavior Survey, 2019, in the US, about 38% of students had sexual intercourse during their high school years. Hence, teens need to be educated about the correct use of sex-related products. If not appropriately used, the lubes can damage the condom and create a risk of sexually transmitted diseases (STD) and HIV-AIDS Thus the increasing awareness among the users through sex education and different websites about the associated products. As per HIV.gov, it is estimated that approximately 1.5 million people worldwide will acquire AIDS in 2020. In 2019, about 34,800 new HIV infections occurred in the US.
Key Manufacturers Overview –
- Lovehoney Group Ltd
- Mayer Laboratories, Inc
- LIFESTYLES HEALTHCARE PTE LTD
- Church & Dwight, Inc
- Reckitt Benckiser Group Plc
- Sliquid, LLC
- BioFilm, Inc
- Uberlube Inc
- The Yes Yes Company Ltd
- Trigg Laboratories
- …
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People are adopting various methods to satisfy their personal pleasure needs. The details about products and the methods of application are provided by the manufacturers as well as available on educational websites. Moreover, easy availability of information and promotions of sex-related products such as personal lubricants, condoms, and sex toys through various marketing tools such as electronic media, displays, and stores are expected to drive the market. These types of products are readily available through physical and online stores at reasonable prices. People tend to use these products to satisfy their needs. Moreover, medical practitioners recommend personal lubricants as part of the treatment for sexual issues. Thus, rising use of pleasure products to reduce discomfort during sexual activities are expected to support the market growth.
The report segments the Personal Lubricants Market as follows:
The global personal lubricants market, based on lubricant type, is segmented into water-based, silicone-based, and oil-based. The water-based segment held the largest share of the market in 2021. Moreover, the same segment is anticipated to register the highest CAGR of 11.5% during the forecast period due to their incumbent usage, high volume consumption, and product innovation.
The global personal lubricants market, based on distribution channel, is segmented into e-commerce, drug stores, and others. In 2021, the e-commerce segment held the largest share of the market. The same segment is expected to register the highest CAGR of 11.2% from 2021 to 2028.
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