

It is a generic name for a variety of materials, usually PVC or PU, which are essentially maintenance-free other than occasional cleaning with warm soapy water. Avoid prolonged exposure to UV and abrasion. Should last a very long time.
If it’s a more exotic faux leather made from biodegradables / renewables it’s going to break down over time because it’s meant to.
In short, it’s very unlikely you need to regularly condition it like real leather.

A couple of book recommendations for people worried about this kind of thing.
“Bonk” by Mary Roach. She’s a very good science communicator and is also quite funny. There’s a lot of good info in here.
“A Billion Wicked Thoughts: What the Internet Tells Us About Sexual Relationships” by Sai Gaddam and Ogi Ogas. This book is not rigorous science, but it is no total junk. It is also informative and entertaining. A tidbit of generalized info: men tend to think about dicks and look at dicks way more than women do.