Water-based Personal Lubricant Market to Grow Substantially CAGR Forecast Period 2017–2022
Personal
lubricants are medical products that can be used to enhance sexual pleasure and
promote good health. They are colloquially known as ‘lubes’. Water-based
personal lubricants are a type of personal lubricants used by consumers to make
sexual intercourse easy between couples. Changing perceptions regarding homosexuality
in several parts of the world and increased prevalence of sex on TV have
allowed couples to shed their sexual inhibitions and experiment.
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Water-based
personal lubricant types available in the market include men, women, and
unisex. The women segment is expected to perform better than all its
counterparts. According to a study by Indiana University, lubricants are used
by women to prevent vaginal tearing. Vaginal dryness is another factor commonly
touted by women to reduce vaginal discomfort. Water-based personal lubricants
are easily subsumed in the body after use and highly compatible with sex toys
and condoms. In addition, it can reportedly prevent transfer of sexually
transmitted diseases.
Capitalizing on Increased Focus on Female Sexual Health
Foria
Wellness, a company specializing in female sexual health products, collaborated
with Tweed Marijuana, Inc., to give the consumers of Tweed a cannabis-induced
personal lubricant. The lubricant has received positive reviews from major
health magazines and consumers alike. It is expected to witness a surge in sales
from menopausal and post-menopausal women.
The
FC2 female condom by the Female Health Company is also expected to see a spike
in demand due to its compatibility with water-based lubricants. It has been
known to alleviate discomfort experienced by women during sex. It expects to
capitalize on the proliferation of the Internet and expansion of e-commerce sites
like Amazon. Women can shop for these lubricants using the Net from the privacy
of their homes.
Market Outlook
The
global water-based personal lubricant market is expected to showcase high
volume by 2022, according to a report on Radiant Insights, Inc. It is projected
to exhibit a healthy CAGR during the forecast period (2017–2022) due to rising demand
from consumers to enhance their pleasure levels.
Online
and offline stores are two major distribution channels. The online store
segment is expected to attain high market demand due to expansion of e-commerce
websites such as Walgreens and Amazon. Key market players include Good Clean
Love, Reckitt Benckiser Group plc, Ansell, and Topco.
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