Silicone-based and Hybrid Sexual Lubricants are the Fast-Growing Segments

Silicone-based and hybrid sexual lubricants are the fast-growing segments
The global sexual lubricant market is expected to cross $1.4 billion, growing impressively at a CAGR of 6.7% during 2016−2022. Factors such as increased demand from developing markets, introduction of warming jelly and organic oil-based lubricants, availability of several pleasure-enhancing products, and increased marketing and visibility of these products online have contributed to the growth of the sexual lubricant market worldwide. Although the water-based lubricant segment will be the dominant segment, the hybrid and silicone-based segment will be the fastest growing segments during the forecast period.

View report: https://www.arizton.com/reports/market-analysis/sexual-lubricant-market

Although the market is characterized by the presence of diversified international and regional vendors, as international players would increase their footprint in the market, regional vendors would be finding it increasingly difficult to compete with them.

Major vendors are as following
• Ansell
• BioFilm
• Church & Dwight
• Karex Berhad
• Reckitt Benckiser

Other prominent vendors include Bodywise, B. Cumming, Cupid Limited, Empowered Products, Good Clean Love, Guy & O’Neill, Hathor Professional, HLL Lifecare, ID Lubricants, Innovus Pharma, Live Well Brands, Lovehoney, Mayor Laboratories, MD Science Lab, pjur, Sensuous Beauty, Sliquid, The Yes Yes Company, Topco Sales, Trigg Laboratories, XR.

High availability of pleasure-enhancing products and increased acceptance among women to drive the market growth

Increased impact of digital media on consumers’ purchasing behavior, introduction of private brands, and increased promotional and marketing activities are the emerging trends that are likely to boost the market during the forecast period. The market report also analysis the factors that are responsible for the market growth during the forecast period. Increased acceptance of sexual lubricants among women, high demand from baby boomers, and high availability of the products are major factors that are going to propel the market growth during the forecast period.

The water-based sexual lubricant segment held the leading position in 2016. Water-based sexual lubricants are highly popular among end-users and have a wide customer base. However, this segment is expected to lose market share to the fast-growing silicone-based and hybrid sexual lubricant segments. Despite being losing share, this segment is expected to continue its dominance in terms of usage and acceptance among end-users during the forecast period and is expected to account for 66.84% market share in 2022. The water-based segment is followed by the silicone-based segment.

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Source : Arizton Advisory and Intelligence Report
Click : https://www.arizton.com/reports/market-analysis/sexual-lubricant-market

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