Market Overview:
Condom Market Size Was Valued at USD 8.9 Billion in 2022, and is Projected to Reach USD 16.7 Billion by 2030, Growing at a CAGR of 8.2% From 2023-2030.
The term "condom" refers to a tiny pouch that prevents sperm from entering the vagina. Condoms come in two varieties, including male and female condoms. The key component of the AIDS approach is prevention. Absolute preventive and care programs must include condoms, thus their marketing must be hastened. Additionally, the demand for condoms is being fueled by the increase in the adoption rates of contraceptive products among consumers around the world. Additionally, the global market is growing because of increased awareness brought on by government initiatives and comprehensive sex education programs designed to combat the prevalence of sexually transmitted illnesses.
Top Key Players Covered In The Condom Market:
- Reckitt Benckiser Group PLC. (UK)
- Humanwell Group (China)
- Church & Dwight (US)
- Karex Berhad (Malaysia)
- Fuji Latex Co. Ltd (Japan)
- Cupid Limited (India)
- Okamoto Industries Inc. (Japan)
- Veru Inc. (US)
- Mankind Pharma (India)
- Mayer Laboratories Inc. (US), and Other Major Players.
Market Dynamics and Factors:
Global market expansion is being driven by a growing awareness of the need for comprehensive sex education programs and government actions to combat the prevalence of STDs. The use of condoms is encouraged by several regional governments as a means of preventing unplanned pregnancies and AIDS. A new campaign called "Protect against STIs" was launched by Public Health England in 2017 to reduce the prevalence of STIs among those aged 16 to 24 through the use of condoms. Numerous international health organizations are also moving forward to raise awareness of sexually transmitted diseases around the world and to encourage the use of condoms.
In affluent nations like the United States, where they are supplied by the government through beauty salons, convenience stores, and clinics to curb the rise in HIV rates, the demand for female condoms is rising. Female condoms have become popular as efficient contraceptive pill substitutes, especially for women who prefer not to use hormonal methods of birth control. With the growing purchasing power, the demand for premium products has been increasing, including the demand for improved navigation to find the right size and fit for a better experience and condom orientation to enable two times faster donning for more pleasure and less pressure. Condoms that fit like a second skin are also one of the major types of premium condoms, made with natural raw materials that are non-toxic and are available in flavored and non-flavored options. However, flavored, premium condoms presently dominate the market studied.
Condom Market Report Highlight:
- By Type, the latex segment is anticipated to lead the growth of the Condom market in the forecasted timeframe. due to the better tensile strength, tear resistance, and resilience, the latex condoms segment dominated the condom market, and latex remains the predominantly used raw material for the manufacturing of male condoms.
- By Product type, the male condom segment is expected to have the highest share of the Condom market over the projected period. Male condoms can be combined with other more effective methods of contraception such as the contraceptive pill or an IUD. This provides effective contraception and prevents STIs at the same time, thereby boosting segment growth.
- By end-users, the male segment is set to develop at the highest CAGR during the forecasted timeframe. The demand for condoms among male consumers globally witnessed a surge over the past few years, especially in developing countries. This surge in demand is mainly attributed to the increasing awareness among consumers about safe intercourse, which will result in the prevention of unwanted pregnancies and the transmission of various diseases that can affect human life
- By Distribution Channel, the pharmacies and drug stores​ segment is anticipated to lead the growth of the Condom market in the forecasted timeframe. Pharmacies shops are an easily available platform for the consumer in rural as well as harbor areas.
- The Asia-Pacific region is expected to have the highest share of the Condom market over the projected period. The rise in the adoption rates of contraceptive products in the majority of the developing countries of the region is boosting the condom market in the Asia-Pacific region.
Key Industry Developments in the Condom Market:
In February 2023 - Church & Dwight (Trojan) acquired INTIMINA, this strategic move expands Church & Dwight's reach in the female pleasure products market, complementing their existing condom portfolio under the Trojan brand. INTIMINA's diverse range of vibrators, lubricants, and other products opens new avenues for growth and caters to a wider audience.
In May 2023 - Carex acquired ONE Condoms, this acquisition strengthened Carex's position in the premium condom segment. ONE Condom is known for its innovative designs and focus on sustainability, aligning well with Carex's commitment to ethical sourcing and eco-friendly practices.
Condom Market Segmentation:
By Material Type
- Latex
- Non-Latex
By Product Type
- Male Condoms
- Female Condom
By End-User
- Men
- Women
By Distribution Channels
- Pharmacies & Drug Stores
- Hypermarkets/ Supermarkets
- Convenience Stores
For this report, Introspective Market Research has segmented the Condom Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
