Personal Lubricants Market Expected to Reach at US$ 2,933.62 Mn by 2028

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.

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Segments:

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.

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).

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What questions does the Personal Lubricants Market report answer about the regional reach of the industry:

The report claims to split the regional scope of the Personal Lubricants Market into North America, Europe, Asia-Pacific, South America & Middle East and Africa. Which among these regions has been touted to amass the largest market share over the anticipated duration

• How do the sales figures look at present How does the sales scenario look for the future?
• Considering the present scenario, how much revenue will each region attain by the end of the forecast period?
• How much is the market share that each of these regions has accumulated presently?
• How much is the growth rate that each topography will depict over the predicted timeline?

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Contact Person: Sameer Joshi
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This release was published on openPR.