Kenneth Research has released a report titled “Personal Lubricants Market: Global Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
In one of the statistics by the World Health Organization (WHO), the female population aged 65 and above around the globe touched 398383409 in the year 2020, up from 237174687 in the year 2000.
The statistics portray the growing female population worldwide, who face numerous health problems post-menopause. Some of the most concerning health issues include vaginal dryness and sexual dysfunction, which largely affects the sexual life of a women. Hence, personal lubricants are advised as a measure to avoid the pain that might occur during an intercourse. The rise in awareness for personal lubricants amongst individuals worldwide, followed by the increasing geriatric female population are therefore anticipated to drive the growth of the market in the coming years.
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 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. The market is segmented by product type into water-based lubricants, silicone-based lubricants, oil-based lubricants, and hybrid lubricants. The water-based lubricants segment, out of all the segments, is anticipated to garner the largest revenue of USD 1573.8 Million by the end of 2030, up from a revenue of USD 765.9 Million in the year 2020.
By region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in North America region is anticipated to garner the largest revenue of USD 707.4 Million by the end of 2030, up from a revenue of USD 382.8 Million in the year 2020.
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.
However, the allergic reactions associated with the use of personal lubricants is one of the major factors predicted to hinder the market growth.
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 comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Personal Lubricants Market: Global Demand Analysis & Opportunity Outlook 2030”, analyses the overall global personal lubricants industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global personal lubricants market in the near future.
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