USD 1.20 billion
Report ID:
SQMIG35A2461 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
63
|Figures:
65
Global Personal Lubricants Market size was valued at USD 1.20 billion in 2022 and is poised to grow from USD 1.32 billion in 2023 to USD 2.74 billion by 2031, growing at a CAGR of 9.60% during the forecast period (2024-2031).
The surge in market expansion can be attributed to heightened product demand driven by the escalating instances of vaginal dryness and erectile dysfunction, coupled with an increasing desire for alternatives to amplify the sexual experience. Personal lubricants serve the purpose of alleviating vaginal dryness and providing additional lubrication. A survey conducted by the North American Menopause Society in 2020 unveiled that 48% of women in the U.S. encounter vaginal discomfort, with the prevailing symptom being vaginal dryness and discomfort during sexual engagement. This trend is projected to bolster product demand within the middle-aged demographic. Furthermore, a substantial number of older individuals maintain an active sex life. The University of Michigan National Poll on Healthy Aging revealed that in 2018, approximately 40% of older adults reported a vibrant sex life in the U.S., with men (51%) exhibiting higher sexual activity than women (31%). The trend persists across age brackets, with 46% of individuals aged 65 to 70 years, 39% aged 71 to 75 years, and 25% aged 76 to 80 years reporting active sexual engagement in the U.S. This trajectory is poised to further stimulate product demand in the forthcoming years.
Following the pandemic, prominent players reported a surge in sales for intimate care products. Reckitt Benckiser, for instance, witnessed increased sales for Durex condoms, KY lubricants, and Veet hair removal products in 2021 when lockdown restrictions were eased across the U.K
Augmented funding is fostering the entry of new contenders into the industry. Notably, Cake, a sexual wellness brand, secured USD 8 million in Series A funding led by investment partner Silas Capital in September 2022. The company's product portfolio encompasses specialized lubricants, topicals, condoms, and other sexual health products. Concurrently, industry players are embracing diverse growth strategies, including new product launches and market campaigns, to address the mounting demand for personal lubricants and enhance awareness about these offerings. Playground, a sexual health enterprise, exemplified this approach by introducing a collection of personal lubricants in the U.S. in May 2022. This collection comprises four full-sensory personal lubricants crafted to stimulate erogenous zones and engage all five senses, enhancing women's mood, libido, and cognitive experiences.
US Personal Lubricants Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.20 billion
Largest Segment
Water-based
Fastest Growth
Water-based
Growth Rate
9.60% CAGR
To get more reports on the above market click here to Buy The Report
The Global Personal Lubricants Market is segmented on the basis of Type, Distribution Channel, Region. By Type, the market is segmented into Water-based, Silicone-based, Oil-based. By Distribution Channel, the market is segmented into E-commerce, Drug Stores, Others. By Region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Personal Lubricants Market Analysis By Type
Categorized by types, the sector is partitioned into silicone-based, water-based, and oil-based lubricants. The water-based category emerged as the dominant force in 2022, commanding a substantial share exceeding 52.25% of the overall revenue. These products, known for their ability to counteract vaginal dryness and alleviate discomfort, secured their prominence. Moreover, the introduction of pioneering offerings like fertility lubricants by various companies is projected to escalate demand throughout the forecast period. Meanwhile, the silicone-based segment anticipates the most rapid growth rate during this period. Enhanced availability within retail pharmacy chains and supermarkets facilitates heightened visibility, enabling consumers to choose from a diverse array of brands.
Furthermore, their proclivity for delivering enduring lubrication renders them suitable for massage applications. Silicone-based variants also find utility in the production of pre-lubricated condoms, leveraging their latex compatibility and long-lasting attributes. Concomitantly, the oil-based lubricants category is poised for noteworthy expansion during the forecast timeline. Notably, these lubricants may incorporate plant-derived oils such as sweet almond, sunflower seed, or coconut oil. Careful application is required for oil-based lubricants, particularly due to their incompatibility with latex/rubber condoms. The application of oil-based lubricants can compromise the integrity of the latex/rubber, increasing the risk of condom breakage or leakage, and subsequently heightening the vulnerability to sexually transmitted infections (STIs) or unintended pregnancies.
Personal Lubricants Market Analysis By Distribution Channel
Categorized by distribution channels, the sector is divided into e-commerce, drug stores, and alternative avenues. The e-commerce sector asserted its dominance in 2022, commanding the largest share, exceeding 72.80% of the revenue. This segment is poised to sustain its preeminent position, expanding at an accelerated pace throughout the projected time frame. This trajectory is chiefly attributed to the burgeoning preference for procuring these items through online platforms. E-commerce outlets provide a diverse array of products that users can assess for factors such as cost, quality, and specific requirements. The discreet delivery offered by online retailers has notably facilitated the comfortable acquisition of lubricants to bolster sexual health.
Concurrently, the drug stores segment is poised to exhibit a lucrative growth rate during the forecast period. With heightened consumer awareness regarding sexual well-being, the sales of sexual wellness products in retail pharmacies and drug stores have experienced substantial upsurge. Retail pharmacies and drug stores proactively showcase sexual wellness items like condoms, personal lubricants, and sexual enhancement supplements, ensuring direct product visibility on shelves.
Hypermarkets, supermarkets, and retail grocery stores serve as other notable distribution channels for personal lubricants. These mass merchandisers in the U.S. have reported escalated sales of sexual wellness products, a trend that resonates with the surging demand for lubricants, exerting a positive impact on product sales across hypermarkets.
To get detailed analysis on other segments, Request For Free Sample Report
In 2022, North America assumed a commanding position within the global market, seizing a substantial share exceeding 41.25% of the total revenue. This ascendancy is attributed to the robust presence of numerous manufacturers and retailers, facilitating convenient product accessibility. The surge in personal lubricant popularity across the region can be attributed to diminishing social taboos surrounding intimate products and the seamless availability of items through online retail platforms and supermarket chains. Notably, personal lubricants fall under Class II medical devices in the U.S., mandating medical device 510(k) clearance.
Asia Pacific is poised to manifest the swiftest growth trajectory during the projected timeline, propelled by escalating product manufacturing and exports from the region, coupled with a rising demand for personal lubricants in nations such as India, Australia, Japan, and Thailand. The industry is witnessing an influx of novel entrants, aiming to meet the demand for distinctive, safe, and efficacious personal lubricants. Illustratively, Melbourne welcomed Figr, a domestic personal lubricant brand, in January 2022, catering to Australian consumers with pH-balanced, toy-friendly formulations enriched with native Australian extracts.
Europe secured the second-largest share in 2022, fueled by an escalating demand for products. Manufacturers are intensifying efforts to raise awareness regarding the management of vaginal dryness, which can lead to skin abrasions and chafing, thereby augmenting susceptibility to sexually transmitted infections (STIs). In a notable instance, SASMAR, a France-based consumer health enterprise, initiated a global campaign in August 2018, disseminating complimentary samples of its enduring formulation of personal lubricants across the U.K., U.S., and Australia.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Personal Lubricants Market Drivers
Changing Lifestyles and Attitudes
Rising Prevalence of Sexual Dysfunction
Personal Lubricants Market Restraints
Social Stigma
Regulatory Challenges
Request Free Customization of this report to help us to meet your business objectives.
The competitive landscape of the Global Personal Lubricants Market is characterized by a diverse array of players vying for market share in this evolving sector. Established industry giants like Reckitt Benckiser Group (KY Jelly), Church & Dwight Co., Inc. (Trojan), and The Yes Yes Company dominate the market with their extensive product portfolios and widespread brand recognition. These companies compete through continuous product innovation, strategic partnerships, and effective marketing campaigns to capture consumer attention.
Moreover, emerging players and niche brands are gaining ground, offering specialized formulations such as organic, vegan, and natural lubricants to cater to health-conscious and environmentally aware consumers. The market's expansion has been fueled by an increasing acceptance and openness in discussing sexual health, leading to a surge in start-ups focusing on unique product offerings.
E-commerce platforms play a crucial role, providing a convenient and discreet channel for consumers to access a wide range of products. However, stringent regulatory guidelines, particularly in regions with conservative attitudes towards sexual wellness, pose challenges for market entry and growth.
As the market matures, research and development efforts are likely to intensify, leading to the introduction of advanced formulations, enhanced sensory experiences, and improved compatibility with various lifestyles. The competitive landscape is expected to remain dynamic, with a constant influx of innovation, strategic partnerships, and marketing initiatives shaping the future trajectory of the Global Personal Lubricants Market.
Personal Lubricants Market Top Player’s Company Profile
Personal Lubricants Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Personal Lubricants Market analysis, the competitive landscape of the Global Personal Lubricants Market is characterized by a diverse array of players vying for market share in this evolving sector. Established industry giants like Reckitt Benckiser Group (KY Jelly), Church & Dwight Co., Inc. (Trojan), and The Yes Yes Company dominate the market with their extensive product portfolios and widespread brand recognition. These companies compete through continuous product innovation, strategic partnerships, and effective marketing campaigns to capture consumer attention.
Moreover, emerging players and niche brands are gaining ground, offering specialized formulations such as organic, vegan, and natural lubricants to cater to health-conscious and environmentally aware consumers. The market's expansion has been fueled by an increasing acceptance and openness in discussing sexual health, leading to a surge in start-ups focusing on unique product offerings.
E-commerce platforms play a crucial role, providing a convenient and discreet channel for consumers to access a wide range of products. However, stringent regulatory guidelines, particularly in regions with conservative attitudes towards sexual wellness, pose challenges for market entry and growth.
As the market matures, research and development efforts are likely to intensify, leading to the introduction of advanced formulations, enhanced sensory experiences, and improved compatibility with various lifestyles. The competitive landscape is expected to remain dynamic, with a constant influx of innovation, strategic partnerships, and marketing initiatives shaping the future trajectory of the Global Personal Lubricants Market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.20 billion |
Market size value in 2031 | USD 2.74 billion |
Growth Rate | 9.60% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Personal Lubricants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Personal Lubricants Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Personal Lubricants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Personal Lubricants Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG35A2461
sales@skyquestt.com
USA +1 351-333-4748