Market revenue in 2024 | USD 1,586.0 million |
Market revenue in 2030 | USD 2,772.8 million |
Growth rate | 9.8% (CAGR from 2024 to 2030) |
Largest segment | Water-based |
Fastest growing segment | Silicone-based |
Historical data covered | 2018 - 2023 |
Base year for estimation | 2024 |
Forecast period covered | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Water-based, Silicone-based, Oil-based |
Water-based was the largest segment with a revenue share of 52.46% in 2024. Horizon Databook has segmented the Global personal lubricants market based on water-based, silicone-based, oil-based covering the revenue growth of each sub-segment from 2018 to 2030.
The stigma associated with sexual activities & experimenting is reducing due to liberalization and growing acceptance of same-gender attraction. Sex-positive movements have helped clear stereotypes related to gender, age, and social construct of people. Acceptance of the LGBTQIA+ community is promoting the adoption of lubricants and other such accessories.
Women are more interested in discussions about sexuality and are experimenting with sexual wellness products without hesitation. According to the U.S. Census data and Simmons National Consumer Survey (NHCS), around 49 million U.S. individuals were reported to be using personal lubricants in 2020. Marketing strategies used for these products are changing.
Manufacturers are rebranding the use of lubricants as a healthy means of improving sex life and removing the stigma associated with sexual wellness products. For instance, in May 2018, the pjur group announced an advertising partnership with GQ, Cosmopolitan, and Playboy.
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Name | Profile | # Employees | HQ | Website |
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Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
North America | 423.4 | 455.3 | 499.8 | 543.4 | 589.0 | 639.8 | 696.3 | 759.3 | 829.7 | 908.4 | 996.5 | 1,095.3 | 1,206.3 | 9.6% |
Europe | 235.2 | 252.3 | 276.2 | 299.4 | 323.7 | 350.7 | 380.6 | 413.9 | 451.0 | 492.3 | 538.6 | 590.3 | 648.2 | 9.3% |
Asia Pacific | 185.3 | 201.4 | 223.4 | 245.4 | 268.7 | 294.9 | 324.2 | 357.2 | 394.2 | 435.9 | 482.9 | 536.0 | 596.1 | 10.7% |
Latin America | 53.9 | 58.1 | 63.8 | 69.5 | 75.4 | 82.0 | 89.4 | 97.6 | 106.8 | 117.1 | 128.6 | 141.5 | 156.1 | 9.7% |
MEA | 57.9 | 62.3 | 68.4 | 74.4 | 80.7 | 87.7 | 95.5 | 104.2 | 113.9 | 124.8 | 137.0 | 150.6 | 166.0 | 9.7% |
Overall | 955.6 | 1,029.3 | 1,131.6 | 1,232.0 | 1,337.6 | 1,455.0 | 1,586.0 | 1,732.2 | 1,895.6 | 2,078.5 | 2,283.6 | 2,513.8 | 2,772.8 | 9.8% |
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