Global Personal Lubricants Market to Grow with a CAGR of 7.0% During 2021-2030; Market to Grow on Account of Growing Geriatric Population
Kenneth Research published a report titled Personal Lubricants Market: Global Demand Analysis & Opportunity Outlook 2030 which delivers detailed overview of the global personal lubricants market in terms of market segmentation by product, usage, type, end-user, distribution channel, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global personal lubricants market is anticipated to grow with a CAGR of 7.0% over the forecast period, i.e., 2021 – 2030. The market is segmented by product into water-based lubricants, silicone-based lubricants, oil-based lubricants, and hybrid lubricants, out of which, the water-based lubricants segment is anticipated to garner the largest revenue of USD 1573.8 Million by the end of 2030. Moreover, the segment registered a revenue of USD 765.9 Million in the year 2020.
The global personal lubricants market is estimated to garner a revenue of USD 2284.9 Million by the end of 2030, up from a revenue of USD 1169.3 Million in the year 2020. Increasing use of personal lubricants to facilitate sexual activities amongst men and women, followed by the growing awareness for these products are some of the major factors estimated to drive the market growth in the coming years.
Geographically, the global personal lubricants market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America region is anticipated to garner the largest revenue of USD 707.4 Million by the end of 2030. Moreover, in the year 2020, the market in the region generated a revenue of USD 382.8 Million.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Surge in Geriatric Women Population to Drive the Market Growth
The female population aged 65 and above around the globe, according to the statistics by the World Health Organization (WHO), touched 398383409 in the year 2020, up from 237174687 in the year 2000.
The aged female population often faces numerous physical health problems. Out of all the different types of health issues, vaginal dryness and sexual dysfunction is a major cause of concern, as these issues affects the sexual activities of a women. As a result, women are advised to use personal lubricants to avoid pain during an intercourse. Such factors are therefore anticipated to drive the growth of the market in the coming years.
However, the allergic reactions associated with the use of personal lubricants is expected to operate as key restraint to the growth of global personal lubricants market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global personal lubricants market which includes company profiling of Reckitt Benckiser Group PLC, Mayer Laboratories, Inc., TTK Healthcare Limited, Sliquid, LLC, The YES YES Company Ltd., pjur group Luxembourg S.A., Church & Dwight Co., Inc., Good Clean Love, CC Wellness, ANSELL LTD., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global personal lubricants market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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