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Condom Market Size

Report ID: GMI4365
Published Date: Jul 2023
Report Format: PDF

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Condom Market Size

Condom Market size was worth USD 8.6 billion in 2022 and is poised to expand at 8.2% CAGR from 2023-2032, driven by the high prevalence of sexually transmitted diseases (STDs) across the globe. According to the WHO, every day, over 1 million STIs are contracted worldwide.

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The increasing awareness about the importance of safe sexual practices has increased the demand for as several means of protection, such as condoms. As per CDC estimates, there were around 1.6 million, 0.7 million, and 1.7 million cases of chlamydia, gonorrhea, and syphilis in the U.S. in 2021. The demand for condoms is significantly rising as they provide reliable barrier that helps reduce the transmission of STDs and unwanted pregnancies. Additionally, the availability of wide range of condom options, including different sizes, materials, and flavors along with the higher focus on sexual wellness and disease prevention will contribute to robust market progression.

Condom Market Report Attributes
Report Attribute	Details
Base Year:	2022
Condom Market Size in 2022:	USD 8.6 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	8.2%
2032 Value Projection:	USD 18.8 billion
Historical Data for:	2018 to 2022
No. of Pages:	230
Tables, Charts & Figures:	585
Segments covered:	Type, Product, Sector, Distribution Channel, and Region
Growth Drivers:	Increasing prevalence of sexually transmitted diseases (STDs) Rising awareness about safe-sex acts Growing government support ncreasing demand for contraceptives throughout the world
Pitfalls & Challenges:	Social stigma in developing countries Side effects from materials used in condoms

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The adverse effects from condom materials, such as latex may hinder the market growth to some extent. Itching, redness, rashes, and hives are some of the common latex allergy symptoms, while severe instances might result in anaphylaxis or difficulties in breathing. Furthermore, condoms coated with spermicidal lubricants and chemicals, including nonoxynol-9 lead to increased contraceptive efficacy; triggering allergies amongst users, affecting the product adoption.

Authors: Mariam Faizullabhoy , Shishanka Wangnoo

Frequently Asked Questions (FAQ) :

Condom industry was valued at USD 8.6 billion in 2022 and is poised to expand at 8.2% CAGR from 2023-2032 owing to the rising prevalence of sexually transmitted diseases (STDs).

Natural condom market held more than 93% market share in 2022 and is set to witness high demand through 2032 owing to the increasing preference for organic and eco-friendly products

North America held considerable share of the market in 2022 and is anticipated to reach over USD 1.5 billion by 2032 owing to the rise in incidences of STIs.

Mankind Pharma, Humanwell Group, Reckitt Benckiser Group, Church & Dwight, FUJILATEX, Okamoto Industries, Veru Inc., Ansell Limited, and Karex Berhad are among the prominent enterprises engaged in the global market.