NEW
YORK, July 2, 2024 /PRNewswire/ -- The
global condom market size is estimated to grow by
USD 6.22 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 10.62% during the forecast period. High growth of
e-commerce platforms is driving market growth, with a
trend towards product premiumization due to product innovation
and portfolio extension. However, side effects of using
condoms poses a challenge. Key market players include Adloran
GmbH, Ansell Ltd., B Holding Group LLC, Caution Wear Corp., Church
and Dwight Co. Inc., Cupid Ltd., FUJILATEX CO. LTD., Global
Protection Corp., Grove Collaborative Inc., HLL Lifecare Ltd.,
Humanwell Pharmaceutical Group Co. Ltd., Karex Berhad, LELOi AB,
LifeStyles Healthcare Pte. Ltd., Okamoto Industries Inc., Panacea
Biotec Ltd., Reckitt Benckiser Group Plc, Redcliffe Hygiene Pvt
Ltd., StaySafe Condoms, and Thai Nippon Rubber Industry Co.
Ltd..
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this
report
Condom Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
10.62%
|
Market growth
2024-2028
|
USD 6227.3
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
9.34
|
Regional
analysis
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 43%
|
Key
countries
|
US, China, India,
Japan, and UK
|
Key companies
profiled
|
Adloran GmbH, Ansell
Ltd., B Holding Group LLC, Caution Wear Corp., Church and Dwight
Co. Inc., Cupid Ltd., FUJILATEX CO. LTD., Global Protection Corp.,
Grove Collaborative Inc., HLL Lifecare Ltd., Humanwell
Pharmaceutical Group Co. Ltd., Karex Berhad, LELOi AB, LifeStyles
Healthcare Pte. Ltd., Okamoto Industries Inc., Panacea Biotec Ltd.,
Reckitt Benckiser Group Plc, Redcliffe Hygiene Pvt Ltd., StaySafe
Condoms, and Thai Nippon Rubber Industry Co. Ltd.
|
Market Driver
The condom market is experiencing significant growth due to
increasing consumer demand and competition. Vendors are investing
in R&D to differentiate themselves, offering condoms with
various flavors, sizes, textures, and materials at higher prices.
Innovative materials and technologies are being used to create
unique products. Frequent product launches, heavy advertising
expenditures, and promotional activities are driving growth,
particularly in the premium segment. Consumer awareness and the
need for enhanced sexual performance are further boosting demand.
High-quality raw materials ensure product premiumization, leading
to increased sales and market expansion.
The condom market is experiencing significant growth due to
increasing awareness and the need for safe sexual health practices.
According to recent reports, the global condom market is projected
to expand at a steady pace in the coming years. Key players in this
industry include manufacturers and distributors of condoms. These
companies offer various types of condoms such as latex,
polyisoprene, and nitrile. Additionally, new innovations like
female condoms and condoms infused with lubricants are gaining
popularity. The market is driven by factors like rising sexual
health awareness, increasing number of sexually active population,
and government initiatives to promote safe sex. Furthermore, the
convenience and accessibility of purchasing condoms online have
also contributed to the market's growth. Overall, the condom market
is expected to continue its upward trend in the coming
years.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- The condom market faces challenges due to health concerns and
availability issues. Latex condoms may cause allergic reactions and
skin irritations, while non-latex options like lambskin,
polyisoprene, and nitrile condoms pose risks of STIs. Vaginal
tissue's sensitivity and absorption capabilities increase the
concern for hormone-disrupting chemicals in flavors and lubricants.
Lambskin condoms offer protection against pregnancy and skin
diseases but allow for the passage of viruses. Non-latex condoms
are expensive, not easily available, and difficult to manufacture
in large quantities, hindering market growth.
- The condom market faces several challenges in meeting consumer
needs effectively. Latex, a common material for condoms, can be
expensive to produce in large quantities. Additionally, the
production process can be complex, involving numerous steps and
strict quality control measures. Consumers also seek a wide range
of condom types, including various sizes, textures, and flavors.
Meeting this demand requires significant investment in research and
development. Furthermore, marketing and distribution channels must
be efficient to reach consumers in different regions and
demographics. Overall, the condom industry must balance cost,
quality, and consumer preferences to remain competitive
.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This condom market report extensively covers market segmentation
by
- Distribution Channel
- Material
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Offline- The global condom market consists of
mass merchandisers, drugstores, non-commercial outlets, and others.
Mass merchandisers, including specialty stores and hypermarkets,
will grow due to consumer awareness and expanding product
assortments. Drugstores, with health professionals and increasing
customer confidence, are a significant growth area. Non-commercial
outlets, such as NGOs and health organizations, contribute
significantly to revenue. Others, including adult stores and
vending machines, will grow moderately. Vendors use various
strategies, such as product placement and marketing, to increase
sales. Government encouragement and expanding retail channels
further boost the market.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The condom market encompasses a wide range of health care
products available on both online and e-commerce platforms. This
market caters to various categories, including male and female
condoms, available in latex and non-latex materials. Young people,
particularly those at risk of unintended pregnancies and STI
epidemics, are significant consumers. Hormonal imbalance, HIV, and
STIs are major health concerns addressed by this market. Policies
implemented by governments worldwide aim to increase public
awareness and accessibility to contraceptives, including condoms.
HIV-positive people and those undergoing antiretroviral therapy
require antiretroviral medicine to maintain viral suppression. Sex
education plays a crucial role in promoting the use of condoms to
prevent the spread of STIs and unintended pregnancies.
Learn and explore more about Technavio's in-depth research
reports
The global professional skincare market is experiencing robust
growth, driven by increasing consumer awareness about skin health
and rising demand for anti-aging products. Innovations in skincare
formulations and a surge in beauty clinics and spas are also
contributing factors. Meanwhile, the global baby diapers market is
expanding rapidly due to higher birth rates, improved product
features, and growing disposable incomes. Advances in diaper
technology, such as enhanced absorbency and skin-friendly
materials, are boosting market demand. Both sectors offer promising
opportunities for businesses aiming to capitalize on evolving
consumer preferences and technological advancements.
Market Research Overview
The condom market refers to the production, distribution, and
sale of condoms as a means of disease and pregnancy prevention.
This market caters to both individual consumers and organizations,
particularly in the healthcare sector. Condoms come in various
forms, including male and female condoms, as well as different
sizes, textures, and flavors. The production process involves raw
material sourcing, manufacturing, and quality control. Distribution
channels include retail stores, online platforms, and healthcare
facilities. Consumers' preferences and societal norms influence the
demand for condoms, making it a dynamic and evolving market.
Additionally, advancements in technology and materials contribute
to the continuous improvement of condom effectiveness and user
experience.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Distribution Channel
-
- Material
-
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio