Global Condom Market Size, Share, Growth Analysis, By Material Type(Latex Condoms, and Non-latex Condoms), By Product(Male Condoms, and Female Condoms), By Distribution Channel(Mass Merchandisers, Drug Stores) - Industry Forecast 2024-2031

Report ID: SQMIG30L2212 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 88 | Figures: 76

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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).

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. 'Karex Berhad', 'Ansell Limited', 'Reckitt Benckiser Group plc', 'Okamoto Industries Inc.', 'HLL Lifecare Limited', 'Church & Dwight Co., Inc.', 'Fuji Latex Co., Ltd.', 'Thai Nippon Rubber Industry Co., Ltd.', 'Sagami Rubber Industries Co., Ltd.', 'The Female Health Company', 'Cupid Limited', 'Veru Inc.', 'Sir Richard's Condom Company', 'Mayer Laboratories, Inc.', 'Guangzhou Double One Latex Products Co., Ltd.', 'Shandong Ming Yuan Latex Co., Ltd.', 'Guilin Latex Factory', 'Billy Boy AG', 'Humanwell Healthcare Group Co., Ltd.', 'RFB Latex Limited'

Growing awareness about sexually transmitted infections (STIs), HIV/AIDS, and unwanted pregnancies has led to an increased demand for condoms. Condoms are widely recognized as an effective barrier method for preventing the transmission of STIs and unintended pregnancies, driving the demand for condoms.

Increasing Demand for Premium and Specialty Condoms: There is a growing demand for premium and specialty condoms, such as ultra-thin condoms, textured condoms, and flavored condoms. Consumers are seeking enhanced pleasure, comfort, and variety in their sexual experiences, driving the demand for these specialized products.

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.

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Global Condom Market Size, Share, Growth Analysis, By Material Type(Latex Condoms, and Non-latex Condoms), By Product(Male Condoms, and Female Condoms), By Distribution Channel(Mass Merchandisers, Drug Stores) - Industry Forecast 2024-2031

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