Source:MarketUs
March01,202309:03ET
CondomMarketisAnticipatedtoSurpass17.2Billionin2032duetotheRising AwarenessAmongAdolescentsAboutSexuallyTransmittedDiseases(STDs)
Thecondom marketis projectedtosurpass USD 17.2billionby 2032,anditis poisedtoreachaCAGR of9.5%from 2023to2032
Pune,March01,2023(GLOBE NEWSWIRE) -- AccordingtoMarketus,theglobalcondom marketaccountedfor USD 71billionin2022andis projectedtoreachUSD 172billionby 2032,exhibitingaCAGR of95%intheforecast period(2023-2032) Today,many countries encouragecondom useandprovideadequatesexualeducationfor youth Condom distributioninruralareas is possiblewiththehelpofUNFPA andother organizations andgovernments When usedcorrectly,condoms for males canreducetherisk ofpregnancy andother sexually transmitteddiseases likeHIV by 98% AccordingtotheUNAIDS ProgrammeonHIV/AIDS,ifusedcorrectly andconsistently,condoms canprevent STDs andunplannedpregnancies
Getadditionalhighlights onmajor revenue-generatingsegments;requestacondom marketsamplereport athttps://marketus/report/condom-market/request-sample/
Key Takeaway:
By materialtype,latex condoms dominatedthemarketin2022. By product,themen's condom segmentdominatedthemarketin2022
By distributionchannel,thee-commercesegmentis expectedtohavethehighestCAGR duringtheforecast period
In2022,AsiaPacific dominatedthemarketwitha43%marketshare. NorthAmericaandEuropearethesecondandthird-largestmarkets,respectively
TheCenters for DiseaseControlandPrevention(CDC) andtheWorldHealthOrganization(WHO) plays asignificant roleinspreadingawareness aboutcondom use This has resultedinasubstantialincreaseincondom usageamong sexually activecouples over thepastdecade
Factors affectingthegrowthofthecondom market?
Severalfactors canaffectthegrowthofthecondom market Someofthesefactors include:
Increasingawareness:Theincreasedawareness abouttheusageofcondoms throughsex educationis helping themarketgrow
Increasingincidences ofSTDs:Theincreaseinincidences ofSTDs has madeitnecessary for peopleto purchasecondoms,whichis drivingthemarketpositively
Onlinedistributionchannels:Theavailability ofcondoms has increasedbecauseofonlinedistributionchannels, helpingthemarketgrow
GovernmentCampaigns:Many governments,especially indevelopingcountries,havecampaigns tocreate awareness aboutcondoms,whichis boostingthemarketevenfurther
Affordability:Their prices aremuchlower andhencevery affordable,makingthem easily accessibleto everyone
Tounderstandhow our reportcanbringadifferencetoyour business strategy,InquireaboutaCondom Market brochureathttps://market.us/report/condom-market/#inquiry
TopTrends inGlobalCondom Market
Marketleaders havelaunchednew products withnew capabilities andfeatures They havetakenthenecessary steps toimprovereliability andoverallenjoyment Durex has createdalineofAir condoms thatareultra-thinandprovide greater intimacy andsensitivity,andhighlevels ofprotection.Thesecondoms willgiveanintuitive,naturalfeelingof comfortwhenused Thesecondoms aredesignedtoreducefriction,improvelubrication,andpreventstickiness,and they offer ultimatecomfort.Origamicondoms werecreatedusingsiliconeas araw material,andthey moveina reciprocatingmotionwithinthesoftsilicon-lubricatedcondom They werere-inventedin2009by BillandMelindaGates Foundation.
MarketGrowth
Marketgrowthwillbeaidedby increasingcondom awareness,theavailability ofcondoms tomeetconsumer demands,andefforts tocombatHIV andother STIs spreading Governmentagencies distributecondoms atvery low prices Inaddition,every country's governmenthas raisedawareness andencouragedcontraceptiveuseamong younger generations tofighttheHIV epidemic This willalsohelptopreventunwantedpregnancies
RegionalAnalysis
TheAsiaPacific regionis predictedtoseethefastestgrowthrates over theforecastperiod This is duetoincreased demandfrom countries likeChina,India,Australia,Japan,andAustralia Chinais rankedamongthetopfour countries interms ofcondom productionanduse,accordingtotheNationalHealthandFamily PlanningCommissionofChina Chinais alargestmarketwithadouble-digitgrowthpotentialat1038%CAGR Localstartups areworkinghardtogain marketshare.InJune2017,aChinesecondom was launchedusingwaterbornepolyurethaneinGansuProvince.The condom was describedas havingthethinnestprotectiveshell Itwas designedtoincreasethemarketshareof Japanesemanufacturers Sagami& Okamoto.
NorthAmericawas rankedsecondinterms ofmarketshareduetoseveralfactors,suchas increasedincidenceof HIV/STIs,increasedawareness ofsex education,andcondom designandmaterials innovation Europe's marketis expectedtogrow atacompoundannualrateof714% France,Germany,andtheUK havethehighestmarketshare Thesecountries havealsolaunchedgovernmentinitiatives topromotecontraceptiveuseamongyouth.TheFrance Ministry ofHealthannouncedthatitwouldreimbursedoctors for prescribingcondoms as partoftheir efforts tofight HIV/AIDS.COVID restrictions havebeenlifted.Condom usecanbeincreased,particularly amongwomenwhouse condoms less thanmen Itis alsopossibletoincreasesexualawareness Theriseinsexually transmitteddiseases (STDs) makes condom useevenmoreimportant.
CompetitiveLandscape
This marketis highly competitiveduetothepresenceofglobalbrands suchas Durex andTrojan Localcompanies are tryingtoincreasetheir marketshareby offeringinnovativeproducts andpackaging.Leadingmanufacturers alsouse acquisitions andpartnerships tomaintaintheir marketposition Someofthemajor players includeDurex Inc , Okamoto,Trojan,ReckittBenckiser GroupPlc,Church& DwightCo.Inc.,OkamotoIndustries Inc.,CupidLimited Karex,AnsellLimited,SagamiRubber Industries,GuilinZizhuLatex Products Co,Ltd,NOX,Mayer Laboratories Inc , Lifestyles HealthcarePteLtd.,HLLLifecareLtd,Fujilatex Co.Ltd,andOkamotoIndustries Inc.amongothers.
HaveQueries?Speak toanexpertor ToDownload/RequestaSample,Click here Condom Market:ScopeoftheReport
Theriseinsexually transmitteddiseaseincidences worldwideandincreasingawareness ofcondom useviasex educationprograms aretwomajor factors thathavecontributedtotheglobalcondom marketgrowth Inaddition,the increasingadoptionofcontraceptives andonlinedistributionchannels drives marketgrowth
Many topcompanies haveintroducednew products withmany capabilities andfeatures.Governmentagencies run campaigns encouragingmanufacturers tocreateawiderangeofproducts andimprovetheir portfolios This allows for freeadvertising,whichincreases sales.Governments canalsodistributecondoms inmany countries atvery affordableprices They canalsobeusedtoeducatethepublic aboutcondom use,increaseawareness andexpand their user base.
MarketRestraints
Allergies tomalegenitals or lubricants canaffectproductconsumption,as wellas thesplittingand/or tearingofmaleand/or female-basedproducts Marketgrowthwillbelimitedinlow-incomecountries duetolower awareness ofthe products availablefor ruralsexualwellness.
MarketOpportunities
UNAIDS GlobalHIV&AIDS Statistics –2020factsheets revealedthat390millionpeoplewerelivingwithHIV/AIDS in 2019 Toincreaseproductdemand,governments now focus oncreatingrelationships andteachingsex educationat schools early inorder toincreasetheir productdemand Collaborationprograms includethe100%condom program in Asiaandmany campaigns suchas ProjectagainstSTIS-Public HealthEngland Other examples includeinitiatives like WorldContraceptiveDay andsexualandreproductivehealthawareness week Inaddition,governments andNGOs workingwithSTD-affectedpeopleareworkingtogether toraiseawareness aboutsexually transmitteddiseases (STIs) This is expectedtohelpthemarketgrow
Grow your profitmarginwithMarket.us - PurchaseThis Premium Condom MarketReport athttps://marketus/purchase-report/?report id=19318
ReportSegmentationoftheCondom Market
MaterialTypeInsight
Thelargestmarketsharewas heldby thelatex condom segment Thestudy examinedkey segments suchas latex andother non-latex Themarketfor condoms madefrom latex andnon-latex willgrow over theforecastperioddueto thelaunchofnew products andtheincreaseddemandfrom theagingboomers Condoms madeoflatex havean82% to98%effectiveness Condoms madefrom latex,atypeofnaturalrubber,arethemostpopular onthemarket Itis moredurableandflexibleandprovides effectivecontraceptionandprotectionagainstSTDs Thefastestgrowthwillbe seeninnon-latex condom segments,witha993%compoundannualgrowthrate(CAGR) duringtheforecastperiod Condoms madefrom non-latex condoms offer many benefits over latex condoms They arethin,odorless,andnonallergic Non-latex condoms werecreatedduetoincreasedallergy cases tolatex condoms Condoms madeofnonlatex canbemoreexpensivethancondoms madefrom latex Inaddition,they areless effectiveinpreventingviral infections likeSTDs andHIV
ProductInsight
Therearetwokinds ofcondoms availableonthemarket:maleandfemale.Duetotheemphasis placedby condom manufacturers onmalecondoms,themalecondom markethas increased A wider rangeofcondoms is also available.Many Africancountries remainunderdevelopedduetotheincreasingprevalenceofHIV/AIDS.Thereis an unmetneedfor condoms for men Malecondoms enjoy highdemandbecauseoftheir popularity withcouples They alsohavealargerevenueshare.At12.69%CAGR duringtheforecastperiod,itwillexperiencethehighestgrowth. Becauseoftheir ability tolower therisk ofSTIs andpreventunplannedpregnancies,femalecondoms arebecoming morepopular.FDA grantedagenderless rebrandingofafemalecondom totheFDA inJanuary 2019.Italsogaveita generic title,"single-useinner condom "Itwas alsoclassifiedas ageneric product TheWorldHealthOrganizationhas strictrequirements regardingfemalecondoms.This prequalificationprocess has only beencompletedby ahandfulof companies,leavingalotofopportunities for companies togetintothis market
DistributionChannelInsight
Thedrugstoresegmentdominatedthemarket This is duetotheaccessibility andavailability ofdrugstores Closed markets andrestrictions onphysicalmovementduringpandemics aredrivingthetrendtowarde-commerce Ecommercewillexperiencethefastestgrowthrate,a91%compoundannualrate(CAGR) over theforecastperiod This segmentis expectedtogrow duetotheavailability ofdiscretedelivery services as wellas thefreedom tochoose betweene-commerceplatforms
Digitalizationhas resultedinincreasedinternetaccess indevelopingandunderdevelopedcountries This has opened upopportunities for significantgrowthone-commerceplatforms ReckittBenckiser,Church& Dwight,andothers are focusingtheir onlinemarketingefforts onthecondom brand This is atestamenttotheimportanceandpotentialofecommerce
FormoreinsightsonthehistoricalandForecastmarketdatafrom2016to2032-downloadasamplereport athttps://marketus/report/condom-market/request-sample/
MarketSegmentation
By MaterialType
Latex
Non-Latex
By Product
MaleCondoms
FemaleCondoms
By DistributionChannel
Mass Merchandisers
DrugStores
E-Commerce
By Geography
NorthAmerica
TheUS
Canada
Mexico
WesternEurope
Germany
France
TheUK
Spain
Italy
Portugal
Ireland
Austria
Switzerland
Benelux
Nordic
RestofWesternEurope
EasternEurope
Russia
Poland
TheCzechRepublic
Greece
RestofEasternEurope
APAC
China
Japan
SouthKorea
India
Australia& New Zealand
Indonesia
Malaysia
Philippines
Singapore
Thailand
Vietnam
RestofAPAC
LatinAmerica
Brazil
Colombia
Chile
Argentina
CostaRica
RestofLatinAmerica
MiddleEast& Africa
Algeria
Egypt
Israel
Kuwait
Nigeria
SaudiArabia
SouthAfrica
Turkey
UnitedArabEmirates
RestofMEA
Key MarketPlayers
Durex Inc
Okamoto
Trojan
ReckittBenckiser GroupPlc
Church& DwightCo Inc
OkamotoIndustries Inc.
CupidLimitedKarex
AnsellLimited
SagamiRubber Industries
GuilinZizhuLatex Products Co,Ltd
NOX
Mayer Laboratories Inc
Lifestyles HealthcarePteLtd
HLLLifecareLtd
Fujilatex Co Ltd
OkamotoIndustries Inc
Other Key players
RecentDevelopmentoftheCondom Market
MankindPharmaintroducedEPIC Condoms,apremium rangeofflavoredcondoms,inMay 2022
InMarch2019,IXulaunchedits firstfemale-basedproductinEuropewithaCE Mark.
BrowseMoreRelatedReports:
ContraceptiveDeviceMarket
VpLatex Market
NaturalRubber Latex Condoms Market
Latex Condoms Market
LambskinCondom Market
MaleCondoms Market
AboutUs:
Market.US (Poweredby Prudour PvtLtd) specializes inin-depthmarketresearchandanalysis andhas beenproving its mettleas aconsultingandcustomizedmarketresearchcompany,apartfrom beingamuchsought-after syndicatedmarketresearchreport-providingfirm.Market.US provides customizationtosuitany specific or unique requirementandtailor-makes reports as per request Wegobeyondboundaries totakeanalytics,analysis,study,and outlook tonewer heights andbroader horizons.
Follow Us onLinkedIn:https://www linkedincom/company/markets-us/ Follow Us onFacebook:https://www facebook com/marketusreports/ Follow Us onTwitter:https://twitter com/Markets us
Our Blog:
https://scoop.market.us/ https://mediamarketus/ https://news.market.us/ https://medicalmarketreportcom/ https://chemicalmarketreports com/