Market Research Future (MRFR) has published on the “Global Sexual Lubricants Market”.
The sexual lubricants market is projected to register a CAGR of 8.69% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global Sexual Lubricants market— Reckitt Benckiser Group plc (UK), Church & Dwight Co., Inc. (US) is the second-largest player, followed by BioFilm, Inc. (US), CC Wellness (US), and Sliquid, LLC (US). Among the other significant businesses in the industry are Trigg Laboratories (US), The Yes Yes Company Ltd. (UK), LifeStyles (Belgium), Lovehoney Group (UK), Mayer Laboratories Inc. (US), Uberlube Inc. (US), and pjur group Luxembourg S.A. (Luxembourg) and others.
Sexual Lubricants Market Highlights
The global Sexual Lubricants market is accounted to register a CAGR of 8.69% during the forecast period and is estimated to reach USD 3.36 billion by 2032.
The growth of the global Sexual Lubricants market is attributed to the rising incidences of vaginal dryness, the increasing availability of products, and the growing geriatric population. For instance, according to a 2020 survey conducted by the North American Menopause Society, 48% of women in the US suffer vaginal discomfort, with vaginal dryness and soreness during sexual activity being the most frequent complaint. The middle-aged population is predicted to enhance product demand. Furthermore, according to the Study of Women Across the Nation (SWAN), more than 2,400 women over the age of 17 and around 19.0% of women aged 42 to 53 suffer from vaginal dryness. The rise in the prevalence of vaginal dryness is predicted to boost demand for sexual lubricants throughout the forecast period.
Segment Analysis
Based on type, the global sexual lubricant market has been segmented into Water-Based, Silicon-Based, and Oil-Based.
Based on gender, the global sexual lubricant market has been bifurcated into female and male.
Based on distribution channel, the global sexual lubricant market has been bifurcated into online stores and offline stores.
Regional Analysis
North America accounted for a market size of USD 558.34 million in 2022 and is expected to exhibit an 9.55% CAGR during the study period. This is attributed to the increasing prevalence of erectile dysfunction. For instance, according to the National Institute of Health ED affects around 30 million men in the US every year. Moreover, another factor driving the sexual lubricant market is the presence of many manufacturers and retailers, allowing for simple product access.
Europe accounts for the second-largest market share due to the comfort of online shopping and e-commerce and the increased awareness & presence of a large number of manufacturers and retailers providing easy access to products driving the demand for these products.
Asia-Pacific is anticipated to register the highest growth rate over the forecast period. This is due to the factors such as expanding regional manufacturing and exports as well as rising demand for personal lubricants in nations like Thailand, India, Australia, and Japan. A number of new businesses are entering the market to meet the demand for distinctive, secure, and efficient personal lubricants.
The Rest of the World is segmented into the Middle East, Africa, and Latin America. The sexual lubricant market in the above-mentioned regions is likely to witness growth due to Rising government support for the business establishment of key players, and a rise in disposable income. Moreover, a growing desire of the geriatric population to have an active sex life in the region are expected to propel the light therapy market growth in the region.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of: Sexual Lubricants Market Research Report
Key Findings of the Study
- The global sexual lubricants market is expected to reach USD 3.36 billion by 2032 at a CAGR of 8.69% during the forecast period.
- The Europe region held the second largest market share of the global market, due to due to the comfort of online shopping and e-commerce and the increased awareness & presence of a large number of manufacturers and retailers providing easy access to products driving the demand for these products.
- Reckitt Benckiser Group plc (UK), Church & Dwight Co., Inc. (US) is the second-largest player, followed by BioFilm, Inc. (US), CC Wellness (US), and Sliquid, LLC (US). Among the other significant businesses in the industry are Trigg Laboratories (US), The Yes Yes Company Ltd. (UK), LifeStyles (Belgium), Lovehoney Group (UK), Mayer Laboratories Inc. (US), Uberlube Inc. (US), and pjur group Luxembourg S.A. (Luxembourg) and others are the key players in the market.
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Companies Covered | 15 |
Pages | 128 |
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