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

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.