PUBLISHER: Grand View Research | PRODUCT CODE: 1493235
PUBLISHER: Grand View Research | PRODUCT CODE: 1493235
The global condom market size is anticipated to reach USD 20.73 billion by 2030, exhibiting a CAGR of 8.72% during the forecast period, according to a new report by Grand View Research, Inc. The market is expected to grow due to increasing awareness about the use of condoms for reducing the spread of HIV and other STIs, along with the availability of a variety of condom types to meet consumer preferences.
The market for condoms is expected to witness new opportunities arising from the integration of technological advancements, including the introduction of smart condoms, as well as the development of eco-friendly and sustainable condom options. These innovations could lead to a shift in consumer preferences and behaviors, resulting in future growth of the market. The i.Con Smart Condom, manufactured by British Condoms, marketed as the "world's first smart condom," is in reality a ring that fits over a traditional condom and tracks various metrics related to sexual activity. This device measures parameters like thrust speed, calories burned, duration of the session, & span and even compares performance through an app.
Online platforms, such as Besharam, Amazon, JUMIA GROUP, Condom King, Clicks, shycart, Chemistdirect.co.uk, and Kasha Kenya, offer a wide range of condom brands and variations. The availability of condoms on e-commerce websites is helping customers avoid the need for face-to-face interaction when purchasing condoms, which is helping to overcome social prejudices and stigma surrounding their use. This is expected to further boost the demand for condoms through online channels.