Personal Lubricant Market Size Worth $1.6 Billion By 2026

The global personal lubricant market size is expected to reach USD 1.6 billion by 2026, based on a new report by Grand View Research, Inc., exhibiting a CAGR of 8.1%. New product launches to meet demand for natural lubricants is expected to aid market growth over the forecast period.

Emerging players are trying to capture higher share by developing lubricants made from natural and organic ingredients. Good Clean Love, Inc., an Oregon-based company in the U.S., was the first to develop organic lubricants. In November 2016, the company received a patent for its formulation of organic lubricants.

Moreover, promotional activities from manufacturers to destigmatize societal perception of using personal lubricants has positively impacted growth. For instance, in January 2019, Reckitt Benckiser’s Durex brand launched a marketing campaign on a global platform to challenge the misconceptions of using lubricants for female sexual discomfort.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/personal-lubricant-market

Further key findings from the report suggest:

Water-based lubricants dominated the market in 2018, owing to lower prices and as they are easy to wash off
Leading brands such as Durex, Sliquid, and Astroglide retail a range of water-based lubricants with variations in flavors, pack size, and packaging
In July 2018, Trigg Laboratories, Inc. reinvented its entire product line with new packaging and products, which had contemporary, sleek, and modern designs. It also launched a new product line—Wet Hemptation and Wet Dessert
The growing presence of e-commerce platforms and online retailers that offer freedom to select any product and make discrete delivery has helped overcome social taboo of buying these products
Manufacturers, retail pharmacies, and supermarkets have also launched websites for providing easy access to customers.
Geographically, North America held the largest share in 2018. The personal lubricant market is regulated by the U.S. FDA and manufacturers must comply with good manufacturing practices, and receive 510(k) medical device clearance for marketing
In May 2016, Trigg Laboratories received FDA approval for Wet Original Personal lubricant by meeting the provisions for labeling, good manufacturing practices and prohibitions against adulteration and misbranding
According to U.S. Census data and National Consumer survey, in 2018, K-Y lubricants were used by 28.58 million people, aiding it to capture significant share in the U.S.
Asia Pacific is expected to be the fastest growing market during the forecast period. Aging population and high incidence of vaginal dryness & erectile are anticipated to drive demand.

Condom Market Size Worth $15.1 Billion By 2026

The global condom market size is expected to reach USD 15.1 billion by 2026, based on a new report by Grand View Research, Inc., exhibiting a CAGR of 8.5% over the forecast period. Launch of new products and innovative packaging & promotional activities by international & local brands are expected to boost the market during the forecast period.

For instance, in November 2018, Reckitt Benckiser’s Durex brand introduced a new label “Feels” in South Africa. This range was made available at a lower cost as compared to other products offered by the company. Feels is sold at USD 0.71 in a pack of three, whereas Durex Fetherlite is sold at USD 2.83.This was a strategic move by the company to gain a higher share of the South African market, as public health organizations offer condoms free of cost in the country.

Social media plays a significant role in creating awareness about these products. Moreover, a condom is not only perceived as an economical method of contraception, but is also in demand as a product to improve sexual health. Variations in texture, flavor, and thickness of products available in the market help couples enhance their sexual experience.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/condom-market

Further key findings from the study suggest:

Latex condoms held the largest share in 2018 owing to safety and flexibility provided by natural rubber used to make condoms.
Currently, latex products have a higher market share as these can be used with lubricants and sex toys, which makes them the preferred choice of customers
In the product segment, male condoms held a significant share in 2018. However, there is substantial demand for female condoms in developed as well as developing nations
The e-commerce distribution channel is expected to exhibit fastest growth during the forecast period due to increasing adoption of Internet & social media platforms for promoting safe sex
On the basis of geography, Asia Pacific held the largest condom market share in 2018 and is expected to maintain its position during the forecast period
In April 2017, AIDS Healthcare Foundation (AHF) with the health ministry of India announced the country’s first free store under the name Love Condoms, as an initiative aimed at reducing HIV infections
African countries such as Nigeria have a high unmet need. According to the AHF, in 2019, Nigeria has a deficit of 564 million and offered to distribute 600,000 condoms across the country.
Some of the key players are Church & Dwight Co., Inc.; Reckitt Benckiser Group plc; Karex Berhad;Fujilatex Co., LTD.;LELO; LifeStyles Healthcare Pte Ltd.; Mayer laboratories, Inc.; Okamoto Industries, Inc.; Cupid Limited; andVeru, Inc.

Personal Lubricant Market Size Worth $1.6 Billion By 2026

Click the link below:
https://www.grandviewresearch.com/industry-analysis/personal-lubricant-market

Further key findings from the study suggest:

Water-based lubricants dominated the market in 2018, owing to lower prices and as they are easy to wash off
Leading brands such as Durex, Sliquid, and Astroglide retail a range of water-based lubricants with variations in flavors, pack size, and packaging
In July 2018, Trigg Laboratories, Inc. reinvented its entire product line with new packaging and products, which had contemporary, sleek, and modern designs. It also launched a new product line—Wet Hemptation and Wet Dessert
The growing presence of e-commerce platforms and online retailers that offer freedom to select any product and make discrete delivery has helped overcome social taboo of buying these products
Manufacturers, retail pharmacies, and supermarkets have also launched websites for providing easy access to customers.
Geographically, North America held the largest share in 2018. The personal lubricant market is regulated by the U.S. FDA and manufacturers must comply with good manufacturing practices, and receive 510(k) medical device clearance for marketing
In May 2016, Trigg Laboratories received FDA approval for Wet Original Personal lubricant by meeting the provisions for labeling, good manufacturing practices and prohibitions against adulteration and misbranding
According to U.S. Census data and National Consumer survey, in 2018, K-Y lubricants were used by 28.58 million people, aiding it to capture significant share in the U.S.
Asia Pacific is expected to be the fastest growing market during the forecast period. Aging population and high incidence of vaginal dryness & erectile are anticipated to drive demand.