USD 9.86 Billion
Condom Market Size, Share, Growth Analysis, By Material Type(Latex Condoms, and Non-latex Condoms), By Product(Male Condoms, and Female Condoms), By Distribution Channel(Mass Merchandisers, Drug Stores, and E-commerce), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30L2212 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
88
|Figures:
76
Condom Market Insights
Condom Market size was valued at USD 9.86 Billion in 2021 and is poised to grow from USD 10.7 Billion in 2022 to USD 20.6 Billion by 2030, at a CAGR of 8.57% during the forecast period (2023-2030).
Increasing consumer awareness of condom use, the availability of various condom varieties to meet consumer needs, and initiatives to stop the spread of STIs and HIV are expected to propel market growth throughout the projected period. In addition, the industry is anticipated to be stimulated by the free condom distribution by government agencies.
The governments of each country are conducting programmes to promote the use of contraceptives among young people in order to combat the HIV as well as other STI epidemics, avoid unintended pregnancies, and raise public awareness. In order to achieve the UNAIDS 2020 aim, which requires that all people living with HIV must be informed of their status, 90% of all HIV-positive people must get continuous antiretroviral medicine, & 90% of those taking antiretroviral therapy need to have viral suppression.
Participating nations aggressively encourage the use of condoms and give young people adequate sex education. It is anticipated that free distribution of condoms by governments with support from UNFPA and other organizations will promote condom use in rural regions.
Male condoms are 98% efficient at preventing pregnancy & sexually transmitted illnesses, including HIV, when used correctly. The constant and proper use of condoms offers good protection against unintended pregnancies and STDs, according to the UN Programme on HIV/AIDS (UNAIDS). Using condoms for safe sex is becoming more and more popular, thanks in large part to the efforts of international and governmental healthcare organizations like the World Health Organization (WHO) and the Centre for Prevention and Control of Diseases (CDC). Over the past ten years, this has substantially risen the use of condoms among sexually promiscuous couples.
US Condom Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Male Condoms
Fastest Growth
Male Condoms
Growth Rate
8.57% CAGR
Global Condom Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Condom Market Segmental Analysis
Global Condom Market is Material Type, Product, Distribution Channel and region. Based on Material Type the market is segmented into Latex Condoms, Non-latex Condoms. Based on Product the market is segmented into Male Condoms, Female Condoms. Based on Distribution Channel the market is segmented into Mass Merchandisers, Drug Stores, and E-commerce. Based on region the global Condom Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Condom Market Analysis by Material Type
The segment with the biggest revenue market share in 2022 was latex condoms, at 88.42%. The two main material types studied in this study are latex and non-latex. Over the course of the projection period, the demand for latex and non-latex condoms is anticipated to increase due to the introduction of new products and an aging baby boomer population. Since latex, a type of natural rubber, is 82%–98% effective, the majority of condom brands now on the market use it. It is stronger, more adaptable, and offers reliable STD and contraceptive protection.
The non-latex condoms market is anticipated to develop at the quickest rate during the forecast period, with a 10.00% CAGR. This can be linked to various advantages of these condoms to latex condoms, including their thinness, odor lessness, and allergy-free nature. Due to the high number of allergy instances associated with latex condoms, non-latex condoms were developed to fill the demand for latex replacements. The segment may be constrained by the fact that non-latex condoms are more expensive and less efficient than latex condoms at preventing viral diseases like HIV and STDs.
Condom Market Analysis by Product
In 2022, the male condom sector held a 98.75% revenue share of the market. There are male and female condoms on the market for condoms. The concentration on producing male condoms by manufacturers, their acceptance of their usage as an alternative to the use of female condoms, and their wide product offerings are some of the reasons for the expansion of the male condom category. Due to the rising prevalence of HIV/AIDS, there is a significant unmet need for male condoms in underdeveloped African nations. The majority of couples prefer using male condoms, which raises demand.
The category of female condoms is expected to grow at the fastest rate throughout the projected period, coming in at 12.69% CAGR. A growing number of women are turning to female condoms to reduce their risk of STIs and unwanted pregnancies. In January 2019, the FDA changed the name of a female condom to be genderless and gave it the generic name "single-use internal condom." It was categorized as an over-the-counter gadget.
Female condoms must pass a strict prequalification process set forth by the World Health Organization (WHO), which has only been approved by a few numbers of corporations, leaving a sizable market opportunity for other businesses. Due to the significant unmet need, leading companies like Veru, Inc. are focusing on this market area.
Global Condom Market By Product
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Condom Market Regional Insights
Asia Pacific held the highest market share (51.74%), and it is anticipated that over the forecast period, it would grow at the fastest rate (9.80%). Due to their vast populations, supportive government actions being attempted to limit the population, and the rising prevalence of STDs and HIV, countries like China, India, Australia, and Japan have seen a spike in demand.
China, ahead of the United States, the United Kingdom, and Japan, is one of the top four nations in the world for condom use and manufacture, according to the National Family and Health Planning Commission of China.
The market in China has great potential, with expected double-digit growth of 10.38% compound annual growth rate (CAGR). The nation's startups compete for market share. An aqueous polyurethane condom was introduced by a company in Gansu Province. The company claims that the sheath on this device is the thinnest. The objective was to boost the market share of Japanese producers Sagami and Okamoto.
Global Condom Market By Geography
- Largest
- Fastest
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Condom Market Dynamics
Condom Market Drivers
Increasing Awareness of Sexual Health
- Growing awareness about sexually transmitted infections (STIs), HIV/AIDS, and unwanted pregnancies has led to an increased demand for condoms. Condoms are widely recognized as an effective barrier method for preventing the transmission of STIs and unintended pregnancies, driving the demand for condoms.
Condom Market Restraints
Social and Cultural Barriers
- In some conservative societies, discussions about sex, contraceptives, and condom usage are considered taboo. These social and cultural barriers can hinder the acceptance and use of condoms, limiting market growth in certain regions.
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Condom Market Competitive Landscape
The industry is extremely competitive because of the presence of well-known worldwide brands like Durex & Trojan. Numerous local enterprises are launching cutting-edge products, packaging, and marketing tactics in many different countries to satisfy local consumers' wants and gain market share.
To maintain their place in the industry, top manufacturers are also implementing techniques like alliances and acquisitions. For instance, Karex Berhad now owes 100% of the American condom company GP after purchasing the final 30% of the company.
Condom Market Top Player’s Company Profiles
- Karex Berhad
- Ansell Limited
- Reckitt Benckiser Group plc
- Okamoto Industries Inc.
- HLL Lifecare Limited
- Church & Dwight Co., Inc.
- Fuji Latex Co., Ltd.
- Thai Nippon Rubber Industry Co., Ltd.
- Sagami Rubber Industries Co., Ltd.
- The Female Health Company
- Cupid Limited
- Veru Inc.
- Sir Richard's Condom Company
- Mayer Laboratories, Inc.
- Guangzhou Double One Latex Products Co., Ltd.
- Shandong Ming Yuan Latex Co., Ltd.
- Guilin Latex Factory
- Billy Boy AG
- Humanwell Healthcare Group Co., Ltd.
- RFB Latex Limited
Condom Market Recent Developments
- In SEP 2022, in order to introduce the market to the premium line of Epic Condoms, Mankind Pharma has unveiled a new campaign called Make Love Epic.
- In APR 2022, to promote their new Intense condoms, Durex initiated the hashtag campaign Intensegasm. The product employs Desirex Gel, a proprietary stimulant gel, to improve women's experiences by chilling them down and increasing stimulation.
Condom Key Market Trends
- Increasing Demand for Premium and Specialty Condoms: There is a growing demand for premium and specialty condoms, such as ultra-thin condoms, textured condoms, and flavored condoms. Consumers are seeking enhanced pleasure, comfort, and variety in their sexual experiences, driving the demand for these specialized products.
- Online Retailing and E-commerce: The rise of e-commerce platforms and online retailing has significantly impacted the condom market. Consumers are increasingly purchasing condoms online due to the convenience, privacy, and wider product selection offered by online platforms. E-commerce has opened up new distribution channels and expanded market reach for condom manufacturers.
- Sustainability and Eco-friendly Initiatives: With the increasing focus on sustainability and environmental consciousness, there is a rising demand for eco-friendly and biodegradable condoms. Several companies have introduced condoms made from sustainable materials or with reduced packaging to cater to environmentally conscious consumers.
- Collaborations and Partnerships: Condom manufacturers are forming collaborations and partnerships with NGOs, healthcare organizations, and government bodies to promote safe sex practices and raise awareness about sexual health. These collaborations help in conducting awareness campaigns, distributing condoms in high-risk areas, and educating communities about safe sex practices.
- Customization and Personalization: Condom companies are offering customization and personalization options to cater to individual preferences. Some manufacturers provide the option to design custom-branded condoms, allowing businesses and organizations to promote their brand or message through personalized packaging.
Condom Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global condom market analysis, the Increasing consumer awareness of condom use, coupled with the availability of various condom varieties to meet consumer needs, and initiatives to stop the spread of STIs and HIV are expected to propel market growth throughout the projected period. In addition, the industry is anticipated to be stimulated by the free condom distribution by government agencies. However, the market in China has great potential, with expected double-digit growth of 10.38% compound annual growth rate (CAGR). The nation's startups compete for market share. An aqueous polyurethane condom was introduced by a company in Gansu Province. The company claims that the sheath on this device is the thinnest. The objective was to boost the market share of Japanese producers Sagami and Okamoto.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.86 Billion |
| Market size value in 2031 | USD 20.6 Billion |
| Growth Rate | 8.57% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Condom Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Condom Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Condom Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Condom Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Condom Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Condom Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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