Condom Market
Number of pages: 100 | Report Format: PDF | Published date: February 22, 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 |
|
CAGR |
9.5% |
|
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.
Condom 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 human immunodeficiency virus (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 it softens, allowing sperm to enter the vagina.
The female condom is put into the vagina by using the closed-end ring. 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. It should be removed soon after sex and before rising up. Condoms are highly successful at preventing STDs, such as the herpes simplex virus (HSV), when used consistently and correctly. Furthermore, they can inhibit the spread of HIV by 71% to 80%. They also significantly diminish the likelihood of pregnancy. Condoms are a method of contraception that aids in the prevention of STDs, such as chlamydia and gonorrhea. Condoms, however, do not protect from all STDs, including herpes, genital warts, syphilis, and monkeypox, which can be transmitted through skin-to-skin contact.
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Condom 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 STDs are expected to drive market revenue growth during the forecast period. Furthermore, free condom distribution by government agencies is projected to drive market expansion. The government authorities of several countries are implementing programs to spread awareness and promote the usage of contraception among the younger generation in order to manage HIV and other STD 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 are anticipated to get sustained antiretroviral medication, and 90% of people receiving antiretroviral therapy are likely to have viral suppression. Participating countries are actively encouraging condom usage and providing proper sex education to young people. The distribution of free condoms by governments with the assistance of UNFPA and other organizations is projected to boost condom usage in rural areas. Additionally, governments are focusing on sex education initiatives in order to raise knowledge about STDs and minimize 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 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 programs such as The 100% condom use program in Asia, Protect against STIs - Public Health England, Sexual and Reproductive Health Awareness Week, and World Contraceptive Day.
Condom Market Ecosystem
The global condom market has been analyzed from four perspectives: 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 segment is further sub-segmented into latex and lambskin. Moreover, the synthetic condom segment is sub-segmented into polyurethane, polyisoprene, nitrile, and others.
The latex condom segment accounts for a significant revenue share of the condom market due to its superior stretchability and strength compared to non-latex materials, such as polyurethane. However, the adverse effects of latex, such as urinary infections, itching or soreness in genital areas, and other allergies, have altered customer preference toward 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 launched organic latex-based products. 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.
The male condom segment dominated the market with a high revenue share in 2021 due to increased usage, greater availability, and relatively lower cost than female condoms. However, rising female literacy rates and increasing knowledge about teen pregnancy have resulted in increased demand for female condoms. Therefore, players are also working on developing easy female-based products. For instance, in March 2019, IXu launched its new VA female-based product online in Europe with a CE-Mark. As a result, the female segment is likely to develop rapidly in the next few years. Moreover, female condoms are growing in popularity as a method of preventing STDs and unplanned pregnancies. Female condom use is higher in industrialized countries, such 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 contribute to the segment revenue growth. However, due to closed markets and restrictions on physical transportation during the pandemic, the tendency is shifting toward e-commerce. During the projected period, the online retail stores segment is expected to grow at the fastest CAGR due to discrete delivery options and the freedom to choose on online platforms.
Condom Market by Region
Based on the region, the global condom market has been segmented into North America, Europe, Asia Pacific, and Rest of the World.
Asia Pacific is projected to dominate the global condom market during the forecast period, owing to increase in population and rise in literacy in developing countries. Growing public awareness of birth control choices is expected to have a big impact on the Asia Pacific market. The execution of childbearing regulations to manage the population is expected to successfully fuel the region’s market revenue growth in the upcoming years. The increased rate of unintended pregnancies is likely to drive up demand for condoms, supporting market revenue growth.
North America accounted for the second-largest market share of the market due to the rising prevalence of HIV and the demand for female condoms in the United States. Government authorities in the region are introducing a number of measures to combat HIV. According to the Centers for Disease Control and Prevention (CDC), approximately 1.2 million people in the United States were expected to be infected with HIV by 2021. Thus, the regional governments have launched a number of measures to combat the disease. Furthermore, the existence of leading market participants, as well as a rise in product releases, is projected to have positive impact on regional growth.
Condom Market Competitive Landscape
The prominent players in the global condom market include:
Condom Market Strategic Developments
Condoms are little pouches that prevent sperm from entering the vagina. Male and female condoms are the only way to get protection from sexually transmitted diseases (STDs), including HIV and herpes.
North America is the key revenue growth region in the global condom market.
The condom market is expected to register a revenue CAGR of 9.5% during the forecast period.
Church & Dwight Co., Inc., Fuji Latex Co., Ltd., Caution Wear, and Reckitt Benckiser Group are among the top market players.
The male condom product segment leads the global condom market.
*Insights on financial performance are subject to the availability of information in the public domain