Condom Market Size to Worth $10.44 Billion by 2029, APAC Set to Lead the Charge
Arizton is pleased to announce its latest report, condom market - global outlook & forecast 2024-2029, shedding light on the dynamic and rapidly evolving industry. The comprehensive report unveils valuable market trends, growth opportunities, and the competitive landscape of the business. With in-depth analysis and meticulous research, this report serves as a strategic guide for industry players, investors, and decision-makers, offering a comprehensive understanding of the current condom market dynamics and future prospects.
Browse 791 market data Tables and 252 Figures spread through 766 Pages and in-depth TOC on "the condom market by product (male condoms and female condoms), material (latex condoms and non-latex condoms (polyurethane, polyisoprene, nitrile, and lambskin)), end-user (branded condom and institutional condom), distribution channel (offline and online), and geography (North America, Europe, APAC, Latin America, and Middle East & Africa)
Arizton estimated that the global condom market size by revenue was valued at USD 7.29 billion in 2023 and is expected to reach USD 10.44 billion by 2029, growing at a CAGR of 6.16% during the forecast period.
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APAC Leads Global Condom Market with Over 34% Revenue Share in 2023
In 2023, the APAC region dominated the global condom market, contributing over 34% to the industry's revenue. High condom penetration in countries like Japan and China played a pivotal role in this growth. Japan stands out as a major adopter of contraceptives, with male condoms being the preferred method. Additionally, rising urbanization rates in developing APAC countries are boosting demand for condoms, as increased awareness and access through retail and drug stores drive consumption. Notably, the condom market in India, China, and South Korea is experiencing strong growth, with the products gaining popularity among end-users.
North America also holds a substantial share of the global condom market. The region maintains high penetration of sexual wellness products, with market revenue growing steadily. Although branded condom sales show moderate growth, increasing institutional sales are expected to drive future revenue. Meanwhile, the European condom market is expanding due to rising condom usage and decreasing per-unit prices. Condoms are the most popular contraceptive choice among European men, thanks to their wide availability, reversibility, and affordability. A key factor behind the high adoption of condoms in European households is the increase in disposable income per capita.
Dominance of Offline Channels in the Global Condom Market: A 2023 Overview
In 2023, offline distribution channels led the global condom market. Condoms were predominantly sold through retail outlets such as specialty stores, supermarkets, hypermarkets, mass-market retailers, drugstores, pharmacies, and grocery stores. The long-established offline networks of major manufacturers like Reckitt Benckiser and Church & Dwight played a key role in driving sales, with these companies primarily focusing on specialty stores and supermarkets to fuel growth.
While institutional condoms are directly sourced from manufacturers via tenders, branded condoms are distributed through a variety of retail channels. Notably, in 2023, the U.S. Agency for International Development (USAID), under the U.S. President’s Emergency Plan for AIDS Relief (PEPFAR), distributed 269.9 million male condoms and 1.9 million female condoms across 30 countries in Africa, Asia, Latin America, and the Caribbean.
Key Market Developments in the Global Condom Market:
In 2023, Reckitt and Durex launched the 'Safeteen First' program in collaboration with UNFPA in Thailand and Mexico, aimed at promoting safe sex education among teenagers.
In 2022, Church & Dwight focused on strengthening their TROJAN brand by introducing the TROJAN Raw Non-Latex condom, marketed as the thinnest condom in the U.S.
Okamoto is working to expand its global reach by enhancing its distribution network through strategic partnerships.
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