The male condoms segment dominates the global condom market.
Arizton’s recent market research report on the global condom market provides comprehensive industry analysis, trends forecasts, and competitive analysis. The research study segments the market by distribution Channel (Retail, Specialty stores, Supermarkets and hypermarkets, Drug stores, Grocery stores, Online) by Material (Latex, Non-latex condoms, Polyurethane, Polyisoprene, Nitril, Lambskin) by End-user (Branded and Institutional) by Geography (APAC, Europe, Latin America, Middle-East & Africa, and North America).
The condom market is expected to grow at an impressive CAGR of over 9% during 2018–2024.
Availability and Dominance of Male Condoms
The male condoms segment dominates the global condom market. A high sexual alacrity, the necessity to exercise control over population growth, and the ease of purchase and better availability, are major reasons for high percentage of condom market share. The male condom market is growing due to innovative and value-added products. Dotted, ribbed, designed and texture, ultra-thin, flavored and edible, night glow, warming, youth, nanotech-power, and collecting condoms are getting popular, thereby contributing in the growth of the global condom market share. However, the female condom market is also flourishing, and vendors have introduced several female-centric condoms. Female condoms are majorly made of non-latex/synthetic materials. Further, APAC is one of the largest condom manufacturing regions with China, Malaysia, India, and Thailand emerging as the leading markets.
Non-latex condoms market to grow at an impressive CAGR
Owing to excellent tensile strength, tear resistance, and resilience, latex is widely used for making condoms. Latex condoms are cheaper than non-latex condoms as the rubber (raw material) is less volatile and easy to procure.The rise of non-latex condom offerings is primarily driven by the need for non-allergic contraceptives that can potentially offer better overall performance than latex ones. Non-latex condoms, usually made of polyurethane, polyisoprene, or nitrile rubber, are usually thinner than latex ones and are found to provide better sexual pleasure and sensitivity. Further, non-latex condoms also have higher shelf life and have less pungent odor and are better heat conductors than latex ones. The condom market in India is passing through a high-growth stage. Exposure to the global culture, increased interaction with western ethos, and change in behavioral outlook has stirred the latent demand in the global condom market.
Subsidizedprice for institutional condoms are opening growth avenues for vendors
Governments and institutions and agencies such as the United States Agency for International Development (USAID), the United Nations Population Fund (UNFPA), UNAIDS, NACO, CONRAD, PSI, Bill and Melinda Gates Foundations, and other non-governmental organizations (NGOs) are the largest end-users of institutional condoms. Underdeveloped regions such as Sub-Saharan region in Africa are the largest market for institutional condoms. Health organizations procure condoms from manufacturers at subsidized rates. In addition, Vendors are preferring to emphasize on combo packs which would lead to an incremental profit per piece.
Church & Dwight, Lifestyles Holdco, Okamoto Products, and Reckitt Benckiser are the leading vendors of the global condom market.
The complete overview of the latest market research report on the global condom market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges and provides market sizing and forecast for major geographical regions and key countries.
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