Condom Market Growth or Demand Increase for what contain:
The global Condom Market was estimated at USD 11.59 billion in 2023 and is expected to grow at a CAGR of 8.72% from 2024 to 2030. The increase in awareness regarding the use of condoms, measures to reduce the spread of HIV other Sexually Transmitted Infections (STIs), and the availability of different types of products to suit consumer needs are likely to drive market growth during the forecast period.
According to the World Health Organization (WHO) in 2023, approximately 374 million new cases of syphilis, gonorrhea, chlamydia, and trichomoniasis were reported annually. In the same year, WHO reported that 39.0 million people were living with HIV globally, with two-thirds of them residing in the African countries. This can lead to serious complications beyond the immediate effect of the infection itself. If left untreated, STDs can lead to complications such as impotence and infertility. According to a study published on Factors associated with adverse pregnancy outcomes of maternal syphilis in Henan, China, 2016-2022, in 2016, around 1 million pregnant women were detected with active syphilis, which resulted in 200,000 stillbirths and 350,000 adverse birth outcomes. This is expected to boost demand for the use of condoms during the forecast period.
Condom Market CAGR Estimation:
Condom Market size was valued at USD 9.86 Billion in 2021 and is poised to grow from USD 10.7 Billion in 2022 to USD 20.6 Billion by 2030, at a CAGR of 8.57% during the forecast period (2023-2030).
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Condom Market Segmentation:
by Material Type
Latex
Non Latex
the global Condom market is sub-segmented into Latex and Non Latex. The Latex segment held the largest market share of 86% in 2023. Because of the large range of options and affordable costs. Durex, Gulin Latex, Trojan, and Karex are among the most well-known latex condom brands. Latex condoms are more durable and reliable, provide contraception, and protect against STDs. They come in a variety of forms, sizes, colours, flavours, and textures and are readily accessible under numerous brands.
by End-User Type
Men
Women
the global Condom market is sub-segmented into Men and Women. The Men Condom segment held the largest market share of 95.2% in 2023. This can be due to a variety of variables, including manufacturers' emphasis on male condom production, openness to their use in comparison to female condoms, and a wide range.
by Distribution Channel
Mass Merchandisers
Drug Stores
E-commerce
Condom Market Overview:
A condom is a type of contraception used to prevent unintended pregnancies, STDs (Sexually Transmitted Diseases), and HIV transmission. Most companies sell latex condoms because of their durability and flexibility, and they come in a variety of sizes, shapes, flavours, colours, and textures. Latex condoms are the most usable condom variety because they can stretch 700% before breaking. People who are allergic to latex goods are more likely to use non-latex condoms. Condoms for males account for the majority of the market since they are inexpensive and readily available, but female condoms are also making inroads. Diverse market players have introduced unusual flavours, thin latex condoms, and different textures in the condom sector.
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Condom Market Growth or Demand in which regions:
Asia Pacific dominates the Global Condom market during the forecast period 2024-2030. Asia Pacific held the largest market share of 50.1% in 2023 and it is expected to grow at a highest CAGR of 8% in the global condom market during the forecast period. Because of the ever-increasing population and rising levels of education in emerging countries. Growing public understanding of birth control options could have a significant impact on the industry in Asia Pacific. Implementing childbearing laws to manage the population will effectively boost the market's growth in the region. The rising incidence of unplanned pregnancies will increase demand for condoms, boosting the market's growth.
North America held the 2nd largest market share of 9% in 2023. Due to the rising prevalence of HIV and the demand for female condoms in the United States, According to the CDC, roughly 1.2 million people in the United States will be infected with HIV by 2023, thus the government has launched a number of measures to combat the disease. Furthermore, the presence of large market players in this region, combined with an increase in product releases, is expected to have an impact on regional growth.
Condom Market Scope and Methodology:
Growing awareness about sexually transmitted infections (STIs), HIV/AIDS, and unwanted pregnancies has led to an increased demand for condoms. Condoms are widely recognized as an effective barrier method for preventing the transmission of STIs and unintended pregnancies, driving the demand for condoms.
In some conservative societies, discussions about sex, contraceptives, and condom usage are considered taboo. These social and cultural barriers can hinder the acceptance and use of condoms, limiting market growth in certain regions.Surveys and interviews with key stakeholders including manufacturers, distributors, healthcare providers, and consumers to gather qualitative insights and validate market trends.Comprehensive review of industry reports, market studies, trade publications, and government statistics to gather quantitative data and historical trends.Examination of factors influencing market growth, including demographic trends, regulatory landscape, consumer behavior, and technological advancements.
Latex Condoms: Traditional and most widely used type due to effectiveness against sexually transmitted infections (STIs) and pregnancy.
Non-Latex Condoms: Including polyurethane, polyisoprene, and other materials suitable for individuals with latex allergies.
Female Condoms: Designed for internal use by women, providing an alternative to male condoms.
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Condom Market Key Players:
1. CHURCH DWIGHT CO., INC
2. Meyer Laboratories
3. Caution Wear
4. Royal Condoms
5. Veru Healthcare
6. P.S
7. Reckitt Benckiser Group
8. HANX
9. Amor Gummiwaren GmbH
10. Okamoto Industries
11. Karex
12. Sagami Rubber Industries Co.
13. Thai Nippon Rubber Co.
14. Cupid Ltd.
15. Mankind Pharma
16. Long Tie Trade Co. Ltd.
17. Aabha Contraceptives Pvt. Ltd.
18. Shandong Ming Yuan Latex Co. Ltd.
19. Fuji Latex
20. Nutalex
21. Ansell
22. Anondita Healthcare
23. Alkem Healthcare
24. Leads Pharma Pvt. Ltd.
25. Medifarma
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Key questions answered in the Condom Market are:
• What is Condom Market ?
• What is the growth rate of the Condom Market?
• Which are the factors expected to drive the Condom market growth?
• What are the different segments of the Condom Market?
• What growth strategies are the players considering to increase their presence in Condom?
• What are the upcoming industry applications and trends for the Condom Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Condom Market?
• What major challenges could the Condom Market face in the future?
• What segments are covered in the Condom Market?
• Who are the leading companies and what are their portfolios in Condom Market?
• What segments are covered in the Condom Market?
• Who are the key players in the Condom market?
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