South and Central America Personal Lubricants Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Lubricant Type (Water-Based, Silicone-Based, and Oil-Based) and Distribution Channel (E-Commerce, Drug Stores, and Others)
Market Introduction
Personal lubricants refers to gels or liquids that are used and applied by males or females during sexual intercourse to eliminate friction, reduce pain and enhance pleasure. These lubricants are prominently used to curb vaginal dryness and chaffing and are considered to be the most effective and easiest remedies.
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Market Overview and Dynamics
The South and Central America personal lubricants market is expected to reach US$ 208.29 million by 2028 from US$ 117.14 million in 2021; it is estimated to grow at a CAGR of 8.6% from 2021 to 2028. Key factors driving the market include the availability of personal lubricants in multiple varieties and the increase in the adoption of sex toys across South and Central America. However, the availability of alternatives for personal lubricants restricts the market growth.
A surge in the number of adult shops and the availability of personal lubricant products in pharmacies and online retail stores indicate a shift in attitude toward such products. In SouthAmerica, regional and international manufacturers are offering different products under various brands. The rising adoption of online shopping is making these products easily accessible for customers. Various online retail platforms, such as Amazon.com, offer separate and dedicated segments for related products. Thus, the easy availability of personal lubricants and the increase in the number of e-commerce platforms boost the adoption of personal lubricants. Online or e-commerce platforms allow customers to hide their identities while purchasing such products. They are also readily available in local stores and online retail stores. Personal lubricants have significant applications in sex toy usage. The manufacturers are focusing on the use of technology to enhance the capabilities of personal lubricant products and associated markets. The growing number of product launches contributes to the spread of awareness about them among the population. In January 2020, OhMiBod launched BlueMotion NEX|3, a Bluetooth-enabled and application-controlled vibrating ring for couples. This new functionality enables users to listen to music on their mobile phones while enjoying the rhythm and beat of songs through their vibrator.
South and Central America have been witnessing a growing number of COVID-19 cases since its outbreak. The cases are increasing in Brazil, Argentina, and Colombia. The COVID-19 is expected to result in the region's worst recession, causing a 9.1% contraction in regional GDP in 2020. The lockdown condition helps to boost the sales of adult toys in the South and Central America region. According to a research study by LovetheSales.com, Brazil, South America's most populous nation, has seen the greatest rise in global demand for bedroom toys. This April, Brazilians searched for X-rated goods 126% more than the previous year in April 2019. During the pandemic, such high internet traffic for purchasing sex products through the online channel will help the market expand. Hence, this shows a positive influence on the personal lubricants market.
Key Market Segments
Based on product, the South and Central America personal lubricants market has been segmented into water-based, silicone-based, and oil-based. The water-based segment held the largest share of the market in 2021. Moreover, the same segment is anticipated to register the highest CAGR during the forecast period, due to their incumbent usage, high consumption, and product innovation.
In terms of application, the South and Central America personal lubricants market is segmented into e-commerce, drug stores, and others. In 2021, the e-commerce segment held the largest share of the market. It is also expected to register the fastest CAGR in the market during 2021–2028.
Major Sources and Companies Listed
A few of the primary and secondary sources associated with this report on the South and Central America personal lubricants market are the World Health Organization (WHO) and website LovetheSales.com.
Reasons to buy the report
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SOUTH AND CENTRAL AMERICA PERSONAL LUBRICANTS MARKET SEGMENTATION
By Lubricant Type
- Water-Based
- Silicone-Based
- Oil-Based
By Distribution Channel
- E-Commerce
- Drug Stores
- Others
By Country
- Brazil
- Argentina
- Rest of South and Central America
Company Profiles
- Lovehoney Group Ltd.
- Church & Dwight, Inc.
- Reckitt Benckiser Group Plc
- Sliquid, LLC
- Uberlube Inc
- The Yes Yes Company Ltd.
- Trigg Laboratories
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South and Central America Personal Lubricants Market – By Lubricant Type
1.3.2 South and Central America Personal Lubricants Market – By Distribution Channel
1.3.3 South and Central America Personal Lubricants Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Personal Lubricants Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 SCAM PEST Analysis
4.3 Experts Opinion
5. Personal Lubricants Market– South and Central America Analysis
5.1 South and Central America Personal Lubricants Market Revenue Forecast and Analysis
6. Personal Lubricants Market – Key Market Dynamics
6.1 Market Drivers
6.1.1 Availability of Products in Multiple Varieties
6.1.2 Rise in Awareness About Sex-Related Products
6.2 Market Restraints
6.2.1 Disadvantages of Personal Lubricants and Availability of Alternative Products
6.3 Market Opportunities
6.3.1 Increasing Footprints in Developing Economies
6.4 Future Trends
6.4.1 Increasing Adoption of Sex Toys
6.5 Impact Analysis of Drivers and Restraints on Market
7. Personal Lubricants Market Revenue and Forecasts To 2028– by Lubricant Type
7.1 Overview
7.2 Personal Lubricants Market, By Product 2021 & 2028 (%)
7.3 Water-Based
7.3.1 Overview
7.3.2 Water-Based: Personal Lubricants Market Revenue and Forecasts to 2028(US$ Mn)
7.3.3 Silicone-Based
7.3.3.1 Overview
7.3.3.2 Silicone-Based: Personal Lubricants Market Revenue and Forecasts to 2028(US$ Mn)
7.3.4 Oil-Based
7.3.4.1 Overview
7.3.4.2 Oil-Based: Personal Lubricants Market Revenue and Forecasts to 2028(US$ Mn)
8. Personal Lubricants Market Revenue and Forecasts To 2028 – Distribution Channel
8.1 Overview
8.2 Personal Lubricants Market Share by Distribution Channel 2021 & 2028 (%)
8.3 E-commerce
8.3.1 Overview
8.3.2 E-commerce: Market Revenue and Forecast to 2028 (US$ Mn)
8.3.3 Drug Stores
8.3.3.1 Overview
8.3.3.2 Drug Stores: Market Revenue and Forecast to 2028 (US$ Mn)
8.3.4 Others
8.3.4.1 Overview
8.3.4.2 Others: Market Revenue and Forecast to 2028 (US$ Mn)
9. Personal Lubricants Market –South and Central America Analysis
9.1 South and Central America: Personal lubricants market
9.1.1 Overview
9.1.2 South and Central America: Personal lubricants market – Revenue and Forecast to 2028 (USD Million)
9.1.3 South and Central America Personal lubricants market, by Lubricant Type – Revenue and Forecast to 2028 (USD Million)
9.1.4 South and Central America Personal lubricants market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)
9.1.5 South and Central America: Personal lubricants market, by Country, 2021 & 2028 (%)
9.1.6 Brazil: Personal lubricants market – Revenue and Forecast to 2028 (USD Million)
9.1.6.1 Brazil: Personal lubricants market – Revenue and Forecast to 2028 (USD Million)
9.1.6.2 Brazil Personal lubricants market, by Lubricant Type – Revenue and Forecast to 2028 (USD Million)
9.1.6.3 Brazil Personal lubricants market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)
9.1.7 Argentina: Personal lubricants market – Revenue and Forecast to 2028 (USD Million)
9.1.7.1 Argentina: Personal lubricants market – Revenue and Forecast to 2028 (USD Million)
9.1.7.2 Argentina Personal lubricants market, by Lubricant Type – Revenue and Forecast to 2028 (USD Million)
9.1.7.3 Argentina Personal lubricants market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)
9.1.8 Rest of South and Central America: Personal lubricants market – Revenue and Forecast to 2028 (USD Million)
9.1.8.1 Rest of South and Central America: Personal lubricants market – Revenue and Forecast to 2028 (USD Million)
9.1.8.2 Rest of South and Central America Personal lubricants market, by Lubricant Type – Revenue and Forecast to 2028 (USD Million)
9.1.8.3 Rest of South and Central America Personal lubricants market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)
10. Impact of COVID-19 Pandemic on South and Central America Personal Lubricants Market
10.1 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Personal Lubricants Market–Industry Landscape
11.1 Overview
12. Company Profiles
12.1 Lovehoney Group Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Church & Dwight, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Reckitt Benckiser Group Plc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sliquid, LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Uberlube Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 The Yes Yes Company Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Trigg Laboratories
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. South and Central America Personal lubricants market, by Lubricant Type – Revenue and Forecast to 2028 (USD Million)
Table 2. South and Central America Personal lubricants market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)
Table 3. Brazil Personal lubricants market, by Lubricant Type – Revenue and Forecast to 2028 (USD Million)
Table 4. Brazil Personal lubricants market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)
Table 5. Argentina Personal lubricants market, by Lubricant Type – Revenue and Forecast to 2028 (USD Million)
Table 6. Argentina Personal lubricants market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)
Table 7. Rest of South and Central America Personal lubricants market, by Lubricant Type – Revenue and Forecast to 2028 (USD Million)
Table 8. Rest of South and Central America Personal lubricants market, by Distribution Channel– Revenue and Forecast to 2028 (USD Million)
Table 9. Recent Growth Strategies in the Personal Lubricants Market
Table 10. Glossary of Terms, Personal Lubricants Market
LIST OF FIGURES
Figure 1. Personal Lubricants Market Segmentation
Figure 2. Personal Lubricants Market, By Country
Figure 3. South and Central America Personal Lubricants Market Overview
Figure 4. Water-Based Segment Held Largest Share of Lubricant type Segment in Personal Lubricants Market
Figure 5. Brazil Personal Lubricants Market- Leading Country Markets (USD Million)
Figure 6. SCAM: PEST Analysis
Figure 7. Experts Opinion
Figure 8. South and Central America Personal Lubricants Market– Revenue Forecast and Analysis – 2021- 2028
Figure 9. Personal Lubricants Market Impact Analysis of Drivers and Restraints
Figure 10. Personal Lubricants Market, by Product 2021 & 2028 (%)
Figure 11. Water-Based: Personal Lubricants Market Revenue and Forecasts to 2028(US$ Mn)
Figure 12. Silicone-Based: Personal Lubricants Market Revenue and Forecasts to 2028(US$ Mn)
Figure 13. Oil-Based: Personal Lubricants Market Revenue and Forecasts to 2028(US$ Mn)
Figure 14. Personal Lubricants Market Share by Distribution Channel 2021 & 2028 (%)
Figure 15. E-commerce: Market Revenue and Forecasts To 2028 (US$ Mn)
Figure 16. Drug Stores: Market Revenue and Forecasts To 2028 (US$ Mn)
Figure 17. Others: Market Revenue and Forecasts To 2028 (US$ Mn)
Figure 18. South and Central America: Personal lubricants market, by Key Country – Revenue (2020) (USD Million)
Figure 19. South and Central America Personal lubricants market Revenue and Forecast to 2028 (USD Million)
Figure 20. South and Central America: Personal lubricants market, by Country, 2021 & 2028 (%)
Figure 21. Brazil: Personal lubricants market – Revenue and Forecast to 2028 (USD Million)
Figure 22. Argentina: Personal lubricants market – Revenue and Forecast to 2028 (USD Million)
Figure 23. Rest of South and Central America: Personal lubricants market – Revenue and Forecast to 2028 (USD Million)
Figure 24. Impact of COVID-19 Pandemic in South and Central America Country Markets
- Lovehoney Group Ltd.
- Church & Dwight, Inc.
- Reckitt Benckiser Group Plc
- Sliquid, LLC
- Uberlube Inc
- The Yes Yes Company Ltd.
- Trigg Laboratories
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