Condom Market: Global Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Material Type, Product Outlook, Distribution Channel, and Region

Condom Market Definition:

Further, the Condom Market is segmented by Material Type, Product Outlook, Distribution Channel and geography. On the basis of Material Type, the Condom Market is segmented under Latex Condoms, Non-latex Condoms. Based on the Product Outlook, the Condom Market is segmented under Male Condoms, Female Condoms. On the basis of Distribution Channel, Mass Merchandizers, Drug Stores, E-commerce. By geography, the market covers the following Regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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Condom Market Dynamics:

Governments in different nations are presenting various missions and complete sex instructive projects to develop awareness among youth further and urge them to involve contraceptives to battle STDs and forestall undesirable pregnancies. In India, the Ministry of Health and Family Welfare obtains condoms conveyed by NACO/SACS to high-gamble with gatherings (HRGs) using TI NGOs/ICTC/ART habitats for HIV/AIDS anticipation. Also, in recent years, the Bihar government began appropriating condoms to migrant workers to stop undesirable pregnancies. While, in African nations, the National Department of Health (NDOH) is attempting to guarantee that male condoms are promptly accessible in all networks throughout the region.

 

Institutional areas are expected to show a 9% development rate through the forecast period and it is expected to grow through the forecast period. The institutional section includes buying from the public authority, non-government, and other private and public groups fully intent on circulating condoms at a lower cost, this is expected to drive the market through the forecast period. Institutional purchases are considerably higher in increasing economies including APAC and Africa that acquire a considerable amount of share through the forecast period. Condoms are contraceptive products, which help to minimize the risk of various diseases like STDs thus, these are the major factors that are driving the market through the forecast period. The male-based products are expected to increase through the forecast period. Moreover, female-based products are growing significantly through the forecast period. The rise in awareness among female consumers about the bill-based contraceptive which is harmful to health increasing the demand for the market. The rise in awareness about HIV infections driving the market, as sex workers are majorly affected by these diseases expected to drive the market through the forecast period.

 

Online channels like Clicks, JUMIA GROUP, Amazon, Besharam, Shycart, Chemistdirect.co.uk, Condom King, and Kasha Kenya sell various types of condom brands and variations. Which is expected to fuel the demand for the market. The accessibility of condoms on internet business destinations assists clients with staying away from the requirement for collaboration to request condoms, empowering them to conquer the social shame encompassing their buy. To work with the appropriate stockpile of condoms in the market during the COVID-19 pandemic, Major players are focusing on increasing the supply chain. For example, Reckitt Benckiser Group plc made changes to its inventory network to satisfy the rising interest for condoms on web-based business channels. These online channels and a wide range of verities provided by them expected to drive the market through the forecast period.

 

Moreover, an increase in marketing strategies and a rise in advertisements on various platforms like television, and social media such as instream and Facebook, to promote the various types of products are expected to support the Condom Market through the forecast period. Further, the rise in technological advancements and promotional campaigns on digital media assisted the market through the forecast period. Stay-at-home regulation during COVID 19 pandemic increases the demand for public health products. Moreover, stringent government regulations on manufacturing and disruption in supply chain management of sexual wellness products hindered the market through the forecast period.

 

Condom Market Segment Analysis:

By Material Type, the Condom Market is segmented into Latex condoms and non-Latex Condoms. Latex condoms hold the largest share in the market. And it is expected to dominate the market through the forecast period. As these types of condoms have excellent stretchability and strength as compared to non-latex materials such as polyurethane. Moreover, the various allergies such as urinal infection, and itching shifted the consumer's interest toward non-latex condoms through the forecast period. Thus, the key players are focusing on making safer latex products that do not cause any side effects.

 

 

By-Products Outlook, The Condom Market is segmented into male and female products. The male condom segment dominated the market in recent years; thus, it is expected to dominate the market through the forecast period. As there is an increase in awareness about sexual wellness among the consumers. The female products are also increasing significantly through the forecast period. The rise in literacy rate among female consumers and increase in awareness about teenage pregnancy is expected to dominate the market through the forecast period.

 

By Distribution Channel, the Condom Market is segmented into Mass Merchandisers, Drug Stores, and E-commerce. Mass Merchandizers is expected to grow at a significant pace through the forecast period. Moreover, the drug stores hold the acquire the major segment in the market. As health and wellness products are carefully stored in the stores and the availability of a wide range of products is expected to drive the market through the forecast period.

 

Condom Market Regional Insights:

Based on regional analysis Asia Pacific segment is expected to dominate the market through the forecast period. China is one of the biggest business sectors for condoms around the world. Chinese specialists have tended in the past to supply condoms either for nothing or at financed costs. As of late, the extension of the working class has set out additional open doors for people to practice individual flexibility by buying great condoms at more exorbitant costs from retail locations. Such factors have been positive for famous condom brands, for example, Okamoto, which has earned brand respect inside the medium-and exorbitant cost sections. One more main consideration behind the market development in China is that it is described by savage rivalry, with north of 200 producers contending basically on cost. The favourable government regulations in developing countries like India are expected to dominate the market through the forecast period. North America holds the major share in the market. And expected to grow significantly through the forecast period.

 

Condom Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the global market, key players in the market, particularly in North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Global Condom Market to the stakeholders in the industry. The report provides trends that are most dominant in the Global Condom Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Global Condom Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Global Condom Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Global Condom Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Global Condom Market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Global Condom Market. The report also analyses if the Global Condom Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Global Condom Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Condom Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Condom Market is aided by legal factors.

 

Condom Market Scope:

Condom Market
Market Size in 2023	USD 12.51 Bn.
Market Size in 2030	USD 22.16 Bn.
CAGR (2024-2030)	8.5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Material Type Latex Condoms Non-latex Condoms
	By Product Outlook Male Condoms Female Condoms
	By Distribution Channel Mass Merchandizers Drug Stores E-commerce
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Condom Market Key Players:  

• Church & Dwight Co., Inc.
• Fuji Latex Co., Ltd.
• Reckitt Benckiser Group
• Karex Berhad
• Lelo
• LifeStyles Healthcare Pte Ltd.
• Veru, Inc.
• Mayer Laboratories, Inc.
• Okamoto Industries, Inc.
• Cupid Limited