Personal Lubricants Market is expected to reach US$ 2,933.62 million by 2028

Published Date: 29 Oct 2021

Report : Personal Lubricants Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Lubricant Type (Water-Based, Silicone-Based, Oil-Based); Distribution Channel (E-commerce, Drug Stores, Others) and Geography

Water-Based Segment Held Largest Share of Personal Lubricants Market in 2021

 

According to our new research study on “Personal Lubricants Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Lubricant Type, Distribution Channel, and Geography,” 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% during 2021–2028. The report highlights trends existing in the market, and drivers and hindrances pertaining to the market growth. Factors such as the availability of products in multiple varieties and rise in awareness about sex-related products drive the growth of the market. However, the disadvantages of personal lubricants and availability of alternative products restrict the market growth.

 

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.

 

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.; and Trigg Laboratories are among the leading companies operating in the personal lubricants market. The companies are adopting inorganic and organic growth strategies to expand their footprints and product portfolio across the world to meet the rising demands for personal lubricants. In October 2020, Trojan expanded its product portfolio to include a new line of female sexual wellness items. The range, dubbed Willa, consists of condoms, personal lubricants, and vibrators.


Personal Lubricants Market, by Region, 2021(%)

Personal Lubricants Market, by Region, 2021(%)

 

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. Based on distribution channel, the market 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. By geography, the personal lubricants market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of MEA), and South and Central America (Brazil, Argentina, and the Rest of SCAM).


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