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Condoms Market by Product Type (Male Condoms, Female Condoms) , Material Types (Latex Condoms, Non-latex Condoms)
Newly-released Condoms Market industry analysis report by Persistence Market Research shows that global sales of the Condoms Market in 2021 were held at US$ 10.2 Bn. With 11%, the projected market growth during 2022 - 2032 is expected to be higher than the historical growth. Latex Condoms are expected to be the highest revenue-generating segment, accounting for a CAGR of nearly 11.2% during 2022 – 2032.
Global Condoms Market (2022)
US$ 11.2 Bn
Global Condoms Market (2032)
US$ 31.9 Bn
Global Condoms Market CAGR (2022 – 2032)
U.S. Condoms Market (2022)
US$ 2.3 Bn
Key Companies Profiled
As per the Condoms Market industry research by Persistence Market Research - a market research and competitive intelligence provider, historically, from 2017 to 2021, market value of the Condoms Market industry increased at around 10.6% CAGR, wherein, countries such as the U.S., UK, China, Japan and South Korea held a significant share in the global market.
Condoms are one of the most widely used contraceptive devices, helping to reduce the risk of sexually transmitted diseases (STDs). As a result, contraception and STD protection are two major factors driving condom demand. Despite the fact that male-oriented products dominate the market, female-oriented products are gaining popularity. This is due to a growing awareness among females of the harmful side effects of other pill-based contraceptives that can harm women's health.
Furthermore, raising awareness about the risk of HIV infections spread by sex workers is likely to help the product gain traction. According to the UNAIDS Global HIV & AIDS Statistics - 2020 fact sheet, sex workers are 30 times more likely to contract HIV. As a result, increased awareness of contraceptives is predicted to lead to increased uptake of these products.
The expansion of the worldwide condom industry can be linked to a number of causes, including increased awareness of condom use through sex training programs and an increase in the frequency of sexually transmitted illnesses around the world. Other factors driving market growth include the increasing usage of online distribution channels and the rising adoption of contraceptives to avoid unplanned pregnancies.
Top corporations have begun to introduce new items with various features, capacities, and unusual enjoyment. Manufacturers are also working on creating a diverse range of products in response to government-sponsored promotions. As a result, these market players benefit from free and widespread advertising, which boosts their sales. In addition, governments in a number of countries are providing condoms at a fair cost and teaching citizens about their usage, raising awareness, and increasing the number of condom users.
COVID-19 combined with the global economic downturn has shifted market data in a variety of industries. Product supply was limited by government-imposed restrictions. During the pandemic, the market's reach was enlarged due to the availability of crucial healthcare supplies.
Due to the nationwide lockdown, which began in March 2020, online sales of house brand condoms, made by Malaysian business Karex, increased seven-fold in the first half of 2020. Some sexual health firms and retailers with ready-to-scale inventory and shipping operations reported e-commerce sales that are twice as high as they were before COVID-19.
It was vital to keep condom supplies stocked during the COVID-19 outage to avoid unintended pregnancies and other dangers associated with unsafe sex. Furthermore, during a pandemic, enhanced product availability and an improved supply chain without lockdown will boost market expansion.
Governments are launching campaigns to encourage the use of contraceptives to prevent unwanted births, and reduce the spread of HIV and other STIs. To achieve the UNAIDS 2020 objective of 90% of people living with HIV/AIDS knowing their HIV status and being notified annually whether they have achieved viral suppression, 90% of people living with HIV/AIDS need to be assessed for HIV status at least once, receive sustained antiretroviral medication, and achieve viral suppression.
Governments and non-governmental organizations provide free condoms for distribution in rural areas to encourage their use. Players are also actively promoting the use of condoms and providing funds for sex education in sub-Saharan Africa.
In 2021, Asia Pacific held the largest market share of over 50%, and it is predicted to grow at the fastest rate during the forecast period. This is due to a surge in demand in nations like China, India, Australia, and Japan, which have a big population, favorable government policies for population control, and a rising prevalence of STDs and HIV.
According to China's National Health and Family Planning Commission, the United States, the United Kingdom, and Japan are the top four countries in the world in terms of condom use and manufacture. A condom constructed of waterborne polyurethane was launched in June 2017 by a firm in Gansu Province. This product had the thinnest sheath, according to the manufacturer. It was designed to boost the market share of Sagami and Okamoto, two Japanese manufacturers.
China Condoms Market Analysis
China is one of the world's major Condoms Markets. In the past, Chinese authorities have tended to provide condoms for free or at subsidized prices. Individuals have greater possibilities to exercise personal freedom in recent years as the middle class has grown, allowing them to purchase high-quality condoms at higher prices from retail stores.
Popular condom brands like Okamoto, which has developed brand awareness in the medium- and high-price ranges, have benefited from such circumstances. Another important aspect driving market expansion in China is severe competition, with over 200 manufacturers competing mostly on price.
India Condoms Market Analysis
The Indian government, in conjunction with HLL Lifecare, launched the Nirodh condom brand, which is designed to prevent unplanned pregnancy as well as sexually transmitted illnesses (STI). The AIDS Healthcare Foundation (AHF) also opened India's first free condom store in 2017, with the goal of reducing HIV/AIDS cases in the country. In terms of product quality, international brands are distinguished. As a result, factors like these are projected to propel the Condoms Market in Asia-Pacific.
Which Material Type Condom Revenue is expected to grow the fastest?
Latex merchandise was among the most popular goods in 2021, owing to the products' reliable affordability and wide availability. Durex, Gulin Latex, Trojan, and Karex are some of the most well-known latex condom brand names. Latex condoms are safer, more flexible, and provided protection against STDs, and come in a variety of forms, sizes, colors, tastes, and textures, under various brands.
During the projected period, the non-latex condoms category is expected to increase at the fastest rate. Made of polyisoprene, non-latex condoms are on the rise because people allergic to latex favor them. These types of condoms are more comfortable and pleasing since they are odorless, textured, and offer a better sensation.
Non-latex condoms vary in size and shape depending on the make and flavor. For example, in October 2018, under SKYN Cocktail Club brand, LifeStyles Healthcare Pte Ltd. released the first flavored non-latex polyisoprene condom. The flavors, smells, and themes of well-known drinks inspired this product.
What are the insights about the Product Type of the Condoms Market?
Male condoms were far and away among the most popular products on the free market. This is thought to be due to the complex confluence of many variables, including the general focus of condom manufacturers on making condoms for men as compared to women, their willingness to use male condoms as opposed to their female counterparts, and the condom producers' vast assortment.
During the projected period, the female condom category is set to increase at the fastest rate. Female condoms are becoming more widely regarded as means of preventing sexually transmitted infections and unplanned pregnancies. Female condom use is highest in industrialized countries including the United States, the United Kingdom, Canada, Germany, and France.
Since January 2019, the FDA gave a female condom a new version with a neutral modality and the generic title "single-use internal condom." It has the OTC classification. The FDA recommends that the condom be used as an IV device for both vaginal and anal intercourse.
How has digitalization in recent times helped in the growth of the E-commerce Distribution Channel in the Condoms Market?
In 2020, the drugstore category dominated the market. This can be attributable to factors such as drug shop accessibility and availability. Due to limited markets and restrictions on physical transportation during the pandemic, the tendency is shifting toward e-commerce. The segment's growth is expected to be fueled by discrete delivery options and the freedom to choose on e-commerce platforms.
In recent years, digitalization has improved access to the internet in emerging and impoverished countries, allowing e-commerce platforms to flourish significantly. Key firms like as Church & Dwight and Reckitt Benckiser are focusing their marketing efforts primarily on aggressive online marketing strategies, demonstrating the importance and potential of e-commerce.
The leading vendors in the global Condoms Market are Reckitt Benckiser, Okamoto Industries, LifeStyles Healthcare, and Church & Dwight. Condom adoption has been steadily expanding among end-users around the world. As a result of the rising demand, several new vendors have entered the market. Intense competition among market competitors has resulted in the introduction of cutting-edge and creative solutions to the market. Vendors with a worldwide presence dominate the global contraception industry.
To obtain market share, many global players are likely to increase their presence globally during the projection period, particularly in fast-developing regions in APAC and Latin America. Furthermore, better global economic conditions will stimulate market expansion, making now an appealing moment to launch new products.
Some of the recent developments of key players in the Condoms Market are as follows:
Similarly, the team at Persistence Market Research has tracked recent developments related to companies offering Condoms Market, which are available in the full report.
Material Type Outlook
Product Type Outlook
Distribution Channel Outlook
The global market is worth more than US$ 11.3 Bn at present.
The market is projected to increase at a CAGR of around 11% during 2022 – 2032.
The value of the Condoms Market increased at a CAGR of around 10.6% during 2017 – 2021.
With a CAGR of 10.9% historically, the Latex Condoms segment dominated the Condom industry.
The top 5 countries driving demand for Condoms Market are the U.S., U.K., China, Japan, and South Korea.
The Japanese market for Condoms is projected to expand at a CAGR of around 13.3% during 2022 – 2032.
While the market in South Korea is expected to grow at nearly 12.4%, the market in UK is projected to register a CAGR of nearly 10.3% during 2022 - 2032.