Condom Market

Global Condom Market: Overview

According to Custom Market Insights (CMI), The Global Condom Market  is expected to grow at a compound annual growth rate of 8.52% during the forecast period. The market was valued at USD 5.31 billion in the year 2021 and it is expected to reach USD 10.97 billion by the year 2030.

The health care products available to the public had great demand during the pandemic. Constant lockdowns and restrictions on movement had affected the accessibility of these products during the pandemic.

The demand for these products had increased through the online platforms. Hassle-free delivery services for such products through the use of e-commerce platforms will lead to increased adoption of these products in the coming years. This product is expected to have a major demand in the coming years due to the existing dating apps, increased use of social media, and dispensers available at various places.

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Condom Market: Growth Drivers

The existing manufacturers of condoms are providing new products in the market in different flavors. Innovations in the existing products will drive market growth in the coming years. Most of these products available in the market are comfortable and reduce any hindrance in the procedure.

Manufacturers are also constantly engaging in providing good quality materials and enhanced designs in order to increase the convenience of these products. Innovation in the way of packing these products will also play an instrumental role in the growth of the market. Convenient packaging makes these products portable. An increase in cases of hormonal imbalance due to prolonged consumption of oral pills will also be instrumental in the growth of the market during the forecast period.

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Condom Market: Regional Analysis

The Asia Pacific region is expected to have the largest market share in the coming years. The increasing population of the nations like China and India in this region will play a significant role in the growth of the market in the coming years. There has been an increase in awareness regarding the availability of these products and improved education will lead to increased adoption of these products in the Asia Pacific region.

Adoption of various policies by the Chinese and Indian governments will help in increasing the demand for this product for controlling the population in these regions. Initiatives taken by the organizations and the government will be instrumental in reducing the cases of pregnancies. As condom is the most effective contraceptive product the demand for them will continue to grow in the coming years. The North American region and European region also have a larger market share for this product.

There has been a growth in the trend of engaging with numerous sex partners in these regions due to which the market for condoms will grow and there shall be greater use of this product in the coming years. Countries like Canada and the United States will play a major role in the growth of the market. Increased spread of sexually transmitted diseases in underdeveloped or developing nations will drive market growth. Initiatives are taken by the government in these regions to increase the awareness and productivity of such products. Organization across the globe has increased the demand for condoms.

Condom Market: Recent developments

• In the year 2021 with the help of a campaign, Durex launched extra thin condoms in various flavors for the Indian market. This strategy will be helpful in gaining a larger customer base for the organization.

Key Players:

• Church & Dwight Co., Inc.
• Fuji Latex Co., Ltd.
• Veru, Inc.
• Mayer Laboratories, Inc.
• Okamoto Industries, Inc.
• Reckitt Benckiser Group
• Karex Berhad
• Lelo
• LifeStyles Healthcare Pte Ltd.
• Cupid Limited

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The global Condom market is segmented as follows:

By Material Type

• Latex Condoms
• Non-latex Condoms

By Product

• Male Condoms
• Female Condoms

By Distribution Channel

• Mass Merchandizers
• Drug Stores
• E-commerce

On the basis of Geography

North America

• The U.S.
• Canada
• Mexico

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

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