Report ID: SQMIG35A2461
Report ID:
SQMIG35A2461 |
Region:
Global |
Published Date: December, 2024
Pages:
219
|
Tables:
63 |
Figures:
65
North America is dominating with the largest personal lubricants market share. The region is witnessing such high growth in the market owing to high consumer awareness and liberal attitude towards sexual health, along with strong healthcare infrastructure. The U.S. and Canada account for a major share of revenues owing to increasing adoption and availability of premium products. The sales of lubricant products are also increasing in the region due to the presence of renowned e-commerce channels and retail networks. Furthermore, increasing recommendations among medical providers for sexual health and wellness, particularly for post-menopausal and elderly population is further fueling the demand. Manufacturers are also introducing organic and long-lasting formulations to increase innovation in their products, leading to growth of the market.
The Asia-Pacific market is witnessing the fastest growth in the personal lubricants market. The market growth of this region is mainly driven by shifting consumer attitudes and growing awareness of sexual health and wellness. Increasing urbanization and disposable incomes in countries such as China, India, and Japan are also contributing to the growth of the market. Moreover, e-commerce platforms are also playing a vital part in the expansion of the market by providing discretion and convenient access to products. Manufacturers are using digital marketing and educational campaigns for increasing awareness about the benefits of lubricants among people. The Asia Pacific region is poised for substantial growth due to increasing acceptance of such products and rising medical recommendations, providing immense opportunities for the growth of market.
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Report ID: SQMIG35A2461