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Personal Lubricants Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Church & Dwigh*t Co. Inc., Reckitt Benckiser Group plc, BioFilm Inc., Lifestyles Healthcare Pte. Ltd.
Personal Lubricants Market Characteristics
The Business Research Company offers in-depth market insights through Personal Lubricants Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The personal lubricants market size has grown rapidly in recent years. It will grow from $1.46 billion in 2023 to $1.61 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to women's health and menopause concerns, influence of mass media and marketing, retail availability and accessibility, lgbtq+ inclusivity and product diversity, increasing aging population.
The personal lubricants market size is expected to see rapid growth in the next few years. It will grow to $2.38 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to e-commerce dominance, emergence of organic and natural lubricants, consumer education and empowerment, cultural shifts towards openness, health and wellness trends. Major trends in the forecast period include innovative formulations and ingredients, rise in online retail channels, customization and specialty lubricants, social media and influencer marketing, cb*d-infused lubricants.
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Market Segmentation:
The personal lubricants market covered in this report is segmented -
1) By Type: Water-Based, Silicon-Based, Oil-Based
2) By Distribution Channel: Online Stores, Drug Stores, Hyper Markets And Super Markets, Specialty Stores
3) By End-User: Male, Female
Major Driver - Surging Erectile Dysfunction Rates Propel Expansion Of The Personal Lubricants Market
The increasing prevalence of erectile dysfunction is expected to propel the growth of the personal lubricants market going forward. Erectile dysfunction refers to the inability to achieve and maintain an erectio*n strong enough for intercourse. Personal lubricant gels are used to facilitate sexual contact, postpone the clima*x, and prolong contact. For instance, in August 2022, according to a report shared by the Preferred Men's Medical Center, a US-based erectile dysfunction, premature ejaculatio*n, and low testosterone treatment services provider, over 30 million men in the US suffered from erectile dysfunction. By 2025, 322 million men are expected to suffer from erectile dysfunction, a 207% rise. The majority of these new instances will occur in emerging countries in Africa, Asia, and South America. Therefore, increasing erectile dysfunction is driving the growth of the personal lubricants market.
Competitive Landscape:
Major companies operating in the personal lubricants market report are Church & Dwigh*t Co. Inc., Reckitt Benckiser Group plc, BioFilm Inc., Lifestyles Healthcare Pte. Ltd., Mayer Laboratories Inc., Lovehoney Group, Sliquid LLC, Trigg Laboratories Inc., The Yes Yes Company Ltd., Uberlube Inc., HLL Lifecare Ltd., Cupid Limited, Toaster Labs Inc., Mission Pharmacal Company, Dure*x Inc., Pjur GmbH, Gun Oil LLC, PinkCherry LLC, Babeland Inc., Adam & Eve LLC, Wet International Inc., Ansell Ltd., Intimate Organics LLC, Good Clean Love LLC, Swiss Navy Inc., Wicked Sensual Care Inc., Aneros Inc., System JO Inc., Blossom Organics Inc., Fun Factory GmbH
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Top Trend - Product Innovations Transform The Personal Lubricants Market
Product innovations are a key trend gaining popularity in the personal lubricants market. Major companies operating in the personal lubricants market are focused on innovating new products to sustain their position in the market. For instance, in May 2022, Playground, a US-based sexual wellness brand, launched its debut lubricant collection, its first collection of pleasure-enhancing bedroom basics that includes four full-sensory personal lubricants created to stimulate the five senses and erogenous zones to heighten a woman's mood, mind, and libid*o. Playground's unique water-based formulation uses special ingredients to make it extraordinarily long-lasting, feel silky to the touch, and be extra relaxing in addition to being rigorously tested to be clean, vegan, and pH-balanced. It contains a unique combination of Ashwagandha, Black Cohosh, and Horn*y Goat Weed, three adaptogens. These herbs support better chemistry in the bedroom, more libid*o, and increased blood flow. The lubricants offer a velvety finish that resembles natural lubrication because they are made with calming vitamin E, moisturizing hyaluronic acid, and bamboo extract.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Personal Lubricants Market Characteristics
3. Personal Lubricants Market Trends And Strategies
4. Personal Lubricants Market - Macro Economic Scenario
5. Personal Lubricants Market Size And Growth
…..
27. Personal Lubricants Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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