New York, Feb. 11, 2022 (GLOBE NEWSWIRE) -- According to the statistics by the World Bank, the total population around the world grew from 6.114 Billion in the year 2000 to 7.762 Billion in the year 2020. Moreover, the total male population worldwide increased from 3.077 Billion in the year 2000 to 3.912 Billion in the year 2020, whereas the female population grew from 3.035 Billion in the year 2000 to 3.847 Billion in the year 2020. Additionally, the female population aged 20 to 24 as a share of the total female population reached 7.487% in the year 2020, while the female population aged 25 to 29 touched 7.472% in the same year. Besides this, the female population aged 65 and above increased from 237174687 numbers in the year 2000 to 398383409 numbers in the year 2020.
Kenneth Research has recently released a report titled “Global Personal Lubricants Market” which includes a detailed analysis of the key market players operating in the market, along with their product portfolio analysis. The market report, which is studied by both primary and secondary research methods, also covers the regulatory & standards landscape, along with the pricing analysis and the value chain analysis during the forecast period, i.e., 2021-2030. The report also covers the industry risk analysis and the impact of COVID-19 on market growth in the coming years.
The population around the globe across all age groups and genders is increasing at a rapid pace. With the increasing female population who are in their reproductive age, the demand for specialized lubricants for use during sexual acts is also increasing, which in turn is projected to drive the growth of the global personal lubricants market. The market registered a revenue of USD 1169.3 Million in the year 2020 and is further expected to touch USD 2284.9 Million by the end of 2030, by growing with a CAGR of 7.0% during the forecast period.
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The growth of the market can also be attributed to the growing concern for vaginal dryness and sexual dysfunction amongst adult women. It has been studied that close to 20% of women aged 42 to 53 years of age reported vaginal dryness, and this share increased nearly to 35% between women of age 57 to 69 years. The global personal lubricants market is segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Amongst the market in these regions, the market in North America generated the largest revenue of USD 382.8 Million in the year 2020 and is further expected to touch USD 707.4 Million by the end of 2030. The market in the region is further segmented by country into the United States and Canada. Amongst the market in these countries, the market in the United States is anticipated to garner the largest revenue by the end of 2030, and further grow with a CAGR of 5.8% during the forecast period.
On the other hand, the market in the Asia Pacific is expected to generate the second-largest revenue of USD 523.0 Million by the end of 2030, up from a revenue of USD 240.4 Million in the year 2020. The market in the region is also anticipated to grow with the highest CAGR of 8.2% during the forecast period. The market in the region is further segmented by country into China, India, South Korea, Singapore, Japan, Australia, and the Rest of Asia Pacific. Amongst the market in these countries, the market in South Korea generated the largest revenue of USD 46.7 Million in the year 2020 and is further expected to touch USD 99.4 Million by the end of 2030. Additionally, in Australia, the market displayed a revenue of USD 41.6 Million in the year 2020 and is further projected to touch USD 98.9 Million by the end of 2030.
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The study further incorporates Y-O-Y growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, 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).
The global personal lubricants market is segmented by product type into water-based lubricants, silicone-based lubricants, oil-based lubricants, and hybrid lubricants. Amongst these segments, the water-based lubricants segment generated the largest revenue of USD 765.9 Million in the year 2020 and is further expected to touch USD 1573.8 Million by the end of 2030. In North America, the segment generated the largest revenue of USD 250.9 Million in the year 2020 and is further expected to touch USD 488.1 Million by the end of 2030. Further, in the Asia Pacific, the segment is expected to touch the largest revenue of USD 360.0 Million by the end of 2030, up from a revenue of USD 158.0 Million in the year 2020.
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The global personal lubricants market is further segmented by type into organic, natural, and synthetic. Amongst these segments, the natural segment generated the largest revenue of USD 474.4 Million in the year 2020 and is further projected to reach USD 934.1 Million by the end of 2030. In North America, the segment generated the largest revenue of USD 155.4 Million in the year 2020 and is further expected to touch USD 290.3 Million by the end of 2030. Additionally, in Europe, the segment is anticipated to garner the largest revenue of USD 200.3 Million by the end of 2030, up from a revenue of USD 110.1 Million in the year 2020.
The global personal lubricants market is also segmented on the basis of usage, end-user, and by distribution channel.
Global Personal Lubricants Market, Segmentation by Usage
- Vaginal Lubricant
- Anal-Specific Lubricant
Global Personal Lubricants Market, Segmentation by End-User
- Male
- Female
- Unisex
Global Personal Lubricants Market, Segmentation by Distribution Channel
- Online
- Offline
- Retail Stores
- Pharmacies
- Others
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Some of the prominent industry leaders in the global personal lubricants market that are included in our report are 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.
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