Get actionable insights on how COVID-19 is impacting your business sector.Enquire now
CONDOM MARKET SIZE WILL CROSS $11 BILLION BY 2023, GROWING AT A CAGR OF 8.6% UTILL 2023
This market research report provides detailed segmentation and market size of the global condom market by Product (Male Condom, Female Condom) by Distribution Channel (Retail, Specialty stores, Supermarkets and hypermarkets, Drug stores, Grocery stores, Online) by Material (Latex, Non-latex, Polyurethane, Polyisoprene, Nitril, Lambskin) by End-user (Consumer, Institutional) by Geography (APAC, Europe, Latin America, Middle-East & Africa, and North America)
In light of the increase in sexually transmitted diseases (STDs) and sexually transmitted infections (STIs), condom have become essential to prevent sexual ailments and ensure sexual wellness. The sale of condoms is forecasted to cross 48 billion units during the forecast period.
Factors such as an increase in per capita discretionary income of people globally and a rapidly growing number of dual-income households in developing as well as developed markets are major growth factors for the market. Church & Dwight, Ansell, and Reckitt Benckiser are the leading players in the global market.
Global Condom Market at a Glance
The report considers the present scenario of the global condom market and its market dynamics for the period 2018−2023. It also highlights the diversity, competitive dynamics, and intensity of competition of the market across geographies.
Condom Market: Key Vendor Analysis
The competition in the market is intensifying due to the rapidly changing technological environment. Customers expect continual innovations and upgrades, which are pushing vendors to change and redefine their unique value proposition for achieving a strong market presence.
The market competition is expected to intensify further with an increase in product/service extensions, technological innovations, and M&A. The international players are expected to grow inorganically by acquiring regional or local players in the future. The report profiles the leading players in the market and provides a complete value chain analysis of the market.
The major manufacturers included in the report are as follows:
- Church & Dwight
- Ansell (Now Lifestyles Holdco)
- Reckitt Benckiser
Condom Market: Dynamics
Growing awareness about sexual health concerns and changing the economic structure to drive market growth
There has been a widespread increase in STDs and STIs over the last few years. This, in turn, has led to growing awareness for sexual health and well-being and concerted efforts in preventing these diseases. This awareness will positively impact the demand and purchase of contraceptives, and in turn, the growth of the global condom market over the next few years.
Contraceptives are essential devices for birth control as well. With the increase in per-capita income and rise in dual-income households due to urbanization and career-focused lifestyles in the developing countries, the use of contraceptives is increasing, thereby giving a healthy push to the global condom market. Introduction to innovative designs, increased impact of the internet on consumers’ purchasing behavior, and the popularity of female condom are the latest trends that are expected to shape the market positively over the next few years.
Condom Market: Segmental Overview
Female condom segment witnessing considerable growth
In 2017, the male contraceptive segment dominates the market both in terms of revenue and unit shipment and is expected to continue its dominance over the global market. However, the female contraceptives segment is also gaining popularity and is expected to contribute a significant share of revenue by 2023. The global female condom market is tipped to post a CAGR of 18.92% in terms of value during the period 2018–2023.
Likewise, latex type contraceptives are the dominating segment in the market. Non-latex types are also gaining popularity and are expected to post a double-digit CAGR both in terms of revenue and shipment. Although the online sales channel is set to increase during the forecast period, the retail channel will still have the highest market share.
Condom Market: Geographical Analysis
APAC to remain the dominant condom market both in terms of revenue and shipment
APAC will remain the largest market both in terms of revenue and shipment followed by North America. APAC is led by China where contraceptives are witnessing a surge in their demand. The market is witnessing high growth in regional markets such as India, China, Japan, and South Korea, and these devices are also gaining popularity among end-users. The penetration of sexual wellness products in North America remains high, and the market has been recording steady growth over the years. This growth will continue over the next few years due to the growing popularity of adult stores and a relaxed attitude toward sexuality among US nationals. One of the major reasons for this increase in demand is also an increase in the popularity of innovative condom such as “Hex” by LELO among end-users. Institutional buyers such as USAID, UNFPA, Bill & Melinda Gates Foundation, and PSI are important growth boosters for the market in North America.
Increased awareness about condoms in African countries such as South Africa, Kenya, Uganda, among others has resulted in an increase in sales of these products in the region.
The market in Europe is growing consistently. The major reason for this growth is the high adoption of the condom by both sexes, with European women standing among the most active users of contraceptives.
The forecasted increase of per capita disposable income of people in the Latin American countries are expected to contribute to the growth of the market in the region.
The global condom market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue from 2017 to 2023 for the following segments:
- Male Condom
- Female Comdom
- Specialty stores
- Supermarkets and hypermarkets
- Drug stores
- Grocery stores
- Latin America
- North America
KEY QUESTIONS ANSWERED
- WHAT IS THE GLOBAL CONDOM MARKET SIZE AND FORECAST?
- WHAT IS THE SHARE OF MALE AND FEMALE CONDOM IN THE MARKET?
- HOW MANY CONDOMS ARE SOLD EVERY YEAR AND ITS BREAK DOWN MY MATERIAL AND GEOGRAPHY?
- WHAT ARE THE DIFFERENT MARKET SEGMENTS AND THEIR OUTLOOK?
- WHAT IS THE CONDOM MARKET SHARE AND WHO ARE THE LEADING VENDORS?
FILL IN YOUR DETAILS BELOW TO GET FREE SAMPLE OF THIS REPORT
Our reports have been used by over 10K customers, including:
CEO, Co-founder Audink Inc., DBA Audios
The report by Arizton was spot on. It not only gave us insight into the pro audio market, we used it to raise funds for our company. The data proved (to the VC we pitched to) that the market was large enough for our company to not only survive but also grow.
Senior Product Manager Interstates
I recently purchased a key Arizton Industry Outlook & Forecast in order to better understand growth for specific market segments and the macro environmental factors impacting this growth. I found Arizton’s coverage of the market dynamics and key takeaways to be insightful and valuable. The segmentation breakouts gave me the information I needed to guide strategic considerations.
Manager Market Analyst Power
Generation & Energy Rolls-Royce Power Systems AG
The provided information by Arizton really met my expectations. Especially the deep information about the datacenter ecosystem was very helpful. Furthermore, I absolutely appreciate the optimal service from the key account managers of Arizton. It was always a pleasure working with them.