PUBLISHER: The Business Research Company | PRODUCT CODE: 1619530
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619530
A condom is a barrier device used during sexual intercourse to lower the risk of sexually transmitted infections (STIs) and unintended pregnancies. Typically made from materials such as latex, polyurethane, or polyisoprene, condoms come in various sizes, textures, and materials to match individual preferences and needs.
The main types of condoms are natural and synthetic. Natural condoms are made from biodegradable, non-synthetic materials such as latex from rubber trees, offering an eco-friendly and chemical-free alternative to synthetic condoms. They are available as both male and female condoms and are distributed through various channels, including retail stores, online platforms, and other outlets.
The condom market research report is one of a series of new reports from The Business Research Company that provides condom market statistics, including condom industry global market size, regional shares, competitors with a condom market share, detailed condom market segments, market trends and opportunities, and any further data you may need to thrive in the condom industry. This condom market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The condom market size has grown rapidly in recent years. It will grow from $10.79 billion in 2023 to $11.99 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth during the historic period can be attributed to shifting attitudes toward sexual health, better accessibility to condoms, expanding retail distribution networks, a growing youth population and urbanization, and increasing disposable income levels.
The condom market size is expected to see rapid growth in the next few years. It will grow to $18.34 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth anticipated for the forecast period can be attributed to greater awareness of safe sex practices, government initiatives supporting family planning, a heightened focus on preventing STIs and HIV, increasing population and demographics favoring growth, and the expansion of e-commerce and online sales channels. Key trends during this period include innovations in condom materials and designs, rising demand for eco-friendly and biodegradable condoms, branding and advertising efforts by leading companies, increased interest in customized and flavored condoms, and technological advancements in manufacturing.
The rising prevalence of sexually transmitted diseases (STDs) is projected to drive growth in the condom market. STDs, infections primarily transmitted through sexual contact, can affect various parts of the body and may be asymptomatic or symptomatic. The increase in STD rates is influenced by factors such as budget cuts and reduced public health funding, inadequate screening and testing, insufficient sexual health education, and changes in behavior. Condoms play a critical role in mitigating the spread of STDs by providing a barrier that prevents infection transmission during sexual activity. For instance, a June 2024 report by the UK Health Security Agency revealed that England recorded 401,800 new STI diagnoses in the previous year, a 4.7% increase from 383,789 cases in 2022. Notably, gonorrhea diagnoses surged by 7.5%, from 79,268 in 2022 to 85,223 in 2023. This increase in STD prevalence is expected to boost the demand for condoms.
Key players in the condom market are focusing on developing innovative products, such as natural rubber latex condoms, to maintain their market position. Natural rubber latex condoms, made from latex, provide a barrier during sexual activity to prevent pregnancy and reduce STD transmission. For example, in February 2024, Nixit, a Canada-based company specializing in period care products, launched a new line of external condoms. These condoms, crafted from natural rubber latex, are ultra-thin, vegan, and designed for vaginal compatibility. They are lubricated with light silicone oil and free from spermicides, parabens, glycerin, dyes, added fragrances, and UTI-inducing chemical irritants, thus promoting optimal vaginal health. They are also compatible with Nixit's water-based personal lubricant and can be used with its suction-free, disc-style menstrual cup for a cleaner period experience.
In May 2023, Sirona Hygiene, an India-based company providing feminine hygiene products and services, acquired Bleu for an undisclosed amount. This acquisition enhances Sirona's market presence, expands its product offerings, and creates synergies to drive substantial growth in the sexual wellness sector. Bleu is a manufacturer of condoms and sexual wellness products based in India.
Major companies operating in the condom market are Reckitt Benckiser Group Plc, Church & Dwight Co. Inc., Humanwell Healthcare, Okamoto Industries Inc., Mankind Pharma Ltd., Karex Berhad, Sico Inc., Fuji Latex Co. Ltd., Trojan, RFSU Ltd., Cupid Limited, Blowtex, Veru Inc., Suretex Limited, J.K. Ansell Ltd., HLL Lifecare Limited, Pasante Healthcare Ltd., Glyde Corporation, LifeStyles Healthcare Pte Ltd., Mayer Laboratories Inc., SKYN, Unimil, Manix Ltd., Sustain LLC
North America was the largest region in the condom market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the condom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the condom market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The condom market consists of sales of textured condoms, ultra-thin condoms, ribbed condoms, and condoms with desensitizing lubricant. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Condom Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on condom market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for condom ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The condom market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.