Condom Market
Number of pages: 100 | Report Format: PDF | Published date: 22 February, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market size value in 2021 |
US$ 5.7 billion |
|
Revenue forecast in 2030 |
US$ 12.91 billion |
|
Growth Rate |
CAGR of 9.5% from 2022 to 2030 |
|
Base year for estimation |
2021 |
|
Forecast period |
2022-2030 |
|
Historical Year |
2020 |
|
Segments covered |
Type, Product, Distribution Channel, and Region. |
|
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global condom market was valued at US$ 5.7 billion in 2021 and is expected to register a revenue CAGR of 9.5% to reach US$ 12.91 billion by 2030
Market Fundamentals
Condoms are little pouches that prevent sperm from entering the vagina. Condoms are a way to protect from sexually transmitted diseases (STDs) including HIV and herpes. Condoms act as a barrier technique for birth control, preventing sperm from reaching eggs. Condoms are available for both men and women for protection during sex. Condoms work by preventing semen (sperm-containing fluid) from entering the vagina. When the penis becomes erect, the male condom is placed on it. It is unrolled all the way to the base of the penis while holding the condom tip to allow for some additional space at the end. This makes room for sperm following ejaculation and reduces the likelihood of the condom breaking. After the male ejaculates, one should take the condom out of the vagina while holding the condom at the base of the penis. The person must do this while the penis remains upright. This keeps the condom from sliding off when softens, allowing sperm to enter the vagina.
Using the closed-end ring, the female condom is put into the vagina. The other ring forms the condom's open end. The condom then coats the vaginal walls, forming a barrier between the sperm and the cervix. The female condom can be used up to 8 hours before sexual activity. Remove it soon after sex and before rising up. Condoms are highly successful at preventing STDs such as the herpes simplex virus when used consistently and correctly (HSV). Furthermore, they can inhibit the spread of the human immunodeficiency virus (HIV) by 71% to 80%. They also significantly diminish the likelihood of pregnancy. Condoms are the method of contraception that aids in the prevention of sexually transmitted diseases (STIs) such as chlamydia and gonorrhoea. Condoms, however, do not protect from all STIs, including herpes, genital warts, syphilis, and monkeypox, which can be transmitted through skin-to-skin contact.
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Market Dynamics
Rising condom use awareness, the availability of diverse varieties of condoms to meet consumer preferences, and steps to combat the spread of HIV and other STIs are expected to drive market growth over the forecast period. Furthermore, free condom distribution by government agencies is projected to drive the market. Each country's government is implementing programmes to enhance awareness and promote the use of contraception among the younger generation in order to manage the HIV and other STI epidemics and avert unplanned pregnancies. To meet the UNAIDS 2020 target of 90% of individuals living with HIV knowing their HIV status, 90% of persons with HIV will get sustained antiretroviral medication, and 90% of people receiving antiretroviral therapy will have viral suppression. Participating countries are actively encouraging condom use and providing proper sex education to young people. The distribution of free condoms by governments with the assistance of UNFPA and other organisations is projected to enhance condom use in rural regions. Additionally, the government is focusing on sex education initiatives in order to raise knowledge about sexually transmitted diseases (STDs) and minimise their prevalence. According to the UNAIDS Global HIV & AIDS statistics, 2020 information sheet, around 38.0 million people worldwide were infected with HIV in 2019. As a result, governments are focused on teaching relationships and sex education at a young age in schools, which is expected to drive product demand in the near future. Other initiatives include joint programmes like "The 100% condom use programme" in Asia, many campaigns like "Protect against STIs - Public Health England," and initiatives like "Sexual and Reproductive Health Awareness Week" and "World Contraceptive Day," among others.
Market Ecosystem
The global condom market has been analysed form four perspectives by Type, Product, Distribution Channel, and Region.
Condom Market by Type
Based on type, the global condom market has been segmented into natural and synthetic. The natural condom is further sub-segmented into latex and lambskin. On the contrary the synthetic condom is sub-segmented into polyurethan, polyisoprene, nitrile, and others.
Due to its superior stretchability and strength compared to non-latex materials such as polyurethane, the latex condom segment accounts for a significant portion of the condom market. However, the negative consequences of latex, such as urinary infections, itching or soreness in genital areas, and other allergies, have altered customer preference towards non-latex goods. As a result, players are concentrating on introducing safer latex goods that do not harm the user's health. For instance, in December 2019, the brand Bleu debuted organic latex-based items. It has no harmful chemicals in the lubricant and no carcinogenic substances in the rubber material.
Condom Market by Product
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Based on product, the global condom market has been segmented into male condom and female condom.
Male condoms dominated the market with high revenue share in 2021 due to higher usage, greater availability, and lower relative cost than female condoms. However, rising female literacy rates and more knowledge about teen pregnancy have resulted in increased female demand. Due to increased demand, players are also working on creating easy female-based products. For instance, in March 2019, IXu debuted its new VA female-based product online in Europe with a CE-Mark. As a result, the female segment is likely to develop rapidly. Moreover, Female condoms are growing in popularity as a method of preventing STIs and unplanned pregnancies. Female condom use is higher in industrialised countries as the United States, the United Kingdom, Canada, Germany, and France.
Condom Market by Distribution Channel
Based on distribution channel, the global condom market has been segmented into hypermarkets/supermarkets, convenience stores, pharmacies and drug stores, and online retail stores.
In terms of revenue share, the pharmacy & drug stores segment dominated the market in 2021. Factors such as easy availability and access to medicine stores can be contributed to the growth. However, because to closed markets and restrictions on physical transportation during the pandemic, the tendency is shifting towards e-commerce. During the projected period, online retail stores is expected to increase at the fastest compound annual growth rate (CAGR). The segment's growth is expected to be fuelled by discrete delivery options and the freedom to choose on online platforms.
Condom Market by Region
Based on region, the global condom market has been segmented into North America, Europe, Asia Pacific, and Rest of the World.
Asia Pacific is likely to dominate the global condom market during the forecast period from 2022 to 2030 owing to increased population and rising literacy in developing countries. Growing public awareness of birth control choices could have a big impact on the Asia Pacific region. Implementing childbearing rules to manage the population will successfully increase the region's market growth. The increased rate of unintended pregnancies will drive up demand for condoms, supporting market growth.
North America held the second-largest market share because of the rising prevalence of HIV and the demand for female condoms in the United States, the government has launched a number of measures to combat the disease. According to the CDC, approximately 1.2 million people in the United States will be infected with HIV by 2021, so the government has launched a number of measures to combat the disease. Furthermore, the existence of big market participants in this region, as well as a rise in product releases, is projected to have an impact on regional growth.
Competitive Landscape
Some of the prominent market players in the global condom market include,
Strategic Development
Condoms are little pouches that prevent sperm from entering the vagina. Male and female condoms are available. Condoms are the only way to protect from sexually transmitted diseases (STDs) including HIV and herpes
The North America is the key growth region in the global condom market
The condom market is expected to register a revenue CAGR of 9.5%
Some of the prominent market players in the global condom market include Church & Dwight Co., Inc., Fuji Latex Co., Ltd., Caution wear, Reckitt Benckiser Group
The male condom product segment led the global condom market
*Insights on financial performance are subject to the availability of information in the public domain
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Snehal Deshmukh
Principle Consultant
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