USD 9.86 Billion
Report ID: SQMIG30L2212 | Region: Global | Published Date: July, 2023 | Pages: 157 | Tables: 88 | Figures: 76
Global Condom Market size was valued at USD 9.86 Billion in 2021 and is poised to grow from USD 10.7 Billion in 2022 to USD 20.6 Billion by 2030, at a CAGR of 8.57% during the forecast period (2023-2030).
Increasing consumer awareness of condom use, the availability of various condom varieties to meet consumer needs, and initiatives to stop the spread of STIs and HIV are expected to propel market growth throughout the projected period. In addition, the industry is anticipated to be stimulated by the free condom distribution by government agencies.
The governments of each country are conducting programmes to promote the use of contraceptives among young people in order to combat the HIV as well as other STI epidemics, avoid unintended pregnancies, and raise public awareness. In order to achieve the UNAIDS 2020 aim, which requires that all people living with HIV must be informed of their status, 90% of all HIV-positive people must get continuous antiretroviral medicine, & 90% of those taking antiretroviral therapy need to have viral suppression.
Participating nations aggressively encourage the use of condoms and give young people adequate sex education. It is anticipated that free distribution of condoms by governments with support from UNFPA and other organizations will promote condom use in rural regions.
Male condoms are 98% efficient at preventing pregnancy & sexually transmitted illnesses, including HIV, when used correctly. The constant and proper use of condoms offers good protection against unintended pregnancies and STDs, according to the UN Programme on HIV/AIDS (UNAIDS). Using condoms for safe sex is becoming more and more popular, thanks in large part to the efforts of international and governmental healthcare organizations like the World Health Organization (WHO) and the Centre for Prevention and Control of Diseases (CDC). Over the past ten years, this has substantially risen the use of condoms among sexually promiscuous couples.
Global Market Size
USD 9.86 Billion
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Global Condom Market is Material Type, Product, Distribution Channel and region. Based on Material Type the market is segmented into Latex Condoms, Non-latex Condoms. Based on Product the market is segmented into Male Condoms, Female Condoms. Based on Distribution Channel the market is segmented into Mass Merchandisers, Drug Stores, and E-commerce. Based on region the global Condom Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Material Type
The segment with the biggest revenue market share in 2022 was latex condoms, at 88.42%. The two main material types studied in this study are latex and non-latex. Over the course of the projection period, the demand for latex and non-latex condoms is anticipated to increase due to the introduction of new products and an aging baby boomer population. Since latex, a type of natural rubber, is 82%–98% effective, the majority of condom brands now on the market use it. It is stronger, more adaptable, and offers reliable STD and contraceptive protection.
The non-latex condoms market is anticipated to develop at the quickest rate during the forecast period, with a 10.00% CAGR. This can be linked to various advantages of these condoms to latex condoms, including their thinness, odor lessness, and allergy-free nature. Due to the high number of allergy instances associated with latex condoms, non-latex condoms were developed to fill the demand for latex replacements. The segment may be constrained by the fact that non-latex condoms are more expensive and less efficient than latex condoms at preventing viral diseases like HIV and STDs.
Analysis by Product
In 2022, the male condom sector held a 98.75% revenue share of the market. There are male and female condoms on the market for condoms. The concentration on producing male condoms by manufacturers, their acceptance of their usage as an alternative to the use of female condoms, and their wide product offerings are some of the reasons for the expansion of the male condom category. Due to the rising prevalence of HIV/AIDS, there is a significant unmet need for male condoms in underdeveloped African nations. The majority of couples prefer using male condoms, which raises demand.
The category of female condoms is expected to grow at the fastest rate throughout the projected period, coming in at 12.69% CAGR. A growing number of women are turning to female condoms to reduce their risk of STIs and unwanted pregnancies. In January 2019, the FDA changed the name of a female condom to be genderless and gave it the generic name "single-use internal condom." It was categorized as an over-the-counter gadget.
Female condoms must pass a strict prequalification process set forth by the World Health Organization (WHO), which has only been approved by a few numbers of corporations, leaving a sizable market opportunity for other businesses. Due to the significant unmet need, leading companies like Veru, Inc. are focusing on this market area.
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Asia Pacific held the highest market share (51.74%), and it is anticipated that over the forecast period, it would grow at the fastest rate (9.80%). Due to their vast populations, supportive government actions being attempted to limit the population, and the rising prevalence of STDs and HIV, countries like China, India, Australia, and Japan have seen a spike in demand.
China, ahead of the United States, the United Kingdom, and Japan, is one of the top four nations in the world for condom use and manufacture, according to the National Family and Health Planning Commission of China.
The market in China has great potential, with expected double-digit growth of 10.38% compound annual growth rate (CAGR). The nation's startups compete for market share. An aqueous polyurethane condom was introduced by a company in Gansu Province. The company claims that the sheath on this device is the thinnest. The objective was to boost the market share of Japanese producers Sagami and Okamoto.
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Increasing Awareness of Sexual Health
Social and Cultural Barriers
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The industry is extremely competitive because of the presence of well-known worldwide brands like Durex & Trojan. Numerous local enterprises are launching cutting-edge products, packaging, and marketing tactics in many different countries to satisfy local consumers' wants and gain market share.
To maintain their place in the industry, top manufacturers are also implementing techniques like alliances and acquisitions. For instance, Karex Berhad now owes 100% of the American condom company GP after purchasing the final 30% of the company.
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According to our global condom market analysis, the Increasing consumer awareness of condom use, coupled with the availability of various condom varieties to meet consumer needs, and initiatives to stop the spread of STIs and HIV are expected to propel market growth throughout the projected period. In addition, the industry is anticipated to be stimulated by the free condom distribution by government agencies. However, the market in China has great potential, with expected double-digit growth of 10.38% compound annual growth rate (CAGR). The nation's startups compete for market share. An aqueous polyurethane condom was introduced by a company in Gansu Province. The company claims that the sheath on this device is the thinnest. The objective was to boost the market share of Japanese producers Sagami and Okamoto.
|Market size value in 2021||USD 9.86 Billion|
|Market size value in 2030||USD 20.6 Billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Condom Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Condom Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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