Condom Market size to exceed USD 7bn by 2025

Condom Market size is estimated to exceed USD 7 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

Increasing incidence of sexually transmitted diseases such as HIV and gonorrhea will prove beneficial for condom market growth over the forecast period. According to WHO, in 2018, 37.9 million people are suffering from HIV. HIV is one of the major diseases that adversely affect the immune system causing distortion in human’s lifestyle. The increasing awareness about STDs and HIV has escalated the demand for contraceptives. Condoms are an effective and efficient method of contraception that generally protects against sexually transmitted diseases. As a result, rising awareness amongst the population regarding benefits of contraceptives will boost market growth in coming years.

 

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Favorable initiatives undertaken by the government to curb target population will accelerate demand for contraceptives in the near future. Initiatives such as the National AIDS Control Program (NACP) undertaken by the Indian government have led to maximum access to free contraceptives in vulnerable groups. Moreover, these programs are emphasizing on aspects such as creating demand and ensuring the availability of protection sheath. Also, social marketing has increased awareness amongst adolescents, sex workers that will substantially propel its demand over the analysis timeframe. However, social stigma in developing countries may hamper condom market growth to a certain extent.


U.S. Condom Market Share, By Type, 2018 & 2025 (USD Million)
Condom Market

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Natural condom segment is anticipated to witness more than 7% growth over the forecast period. People sensitive towards foreign materials often prefer natural material as they are made from lamb cecum. The effective usage of these protection sheath contraceptives prevents pregnancy. Moreover, natural male and female condoms have benefits over synthetic variant such as it does not break unlike plastic material. Aforementioned factors of natural contraceptives will favor its demand in the forthcoming future.
 

Male condoms segment had more than 85% revenue share in 2018 and is anticipated to witness significant growth in the coming years. Male condoms act as a shield from acquiring sexually transmitted infections such as chlamydia, gonorrhea, and HIV. Moreover, it provides more protection from unwanted pregnancy as compared to female condoms. Additionally, it can be used easily and have no complications like female products. These benefits of male condoms will surge its demand thereby fueling segment growth in the near future.
 

Retail segment accounted for around USD 1.5 billion revenue in 2018 and is anticipated to witness significant growth in the near future. The increasing government initiatives had ensured easy access to condoms. As a result, it is easily available in specialty and drug stores, supermarkets and hypermarkets. Aforementioned factors will escalate consumer’s buying preference from retail shops, thereby favoring segment growth over the forecast period.
 

Institutional segment is anticipated to witness around 8% CAGR over the analysis timeframe. The government is actively investing in several projects to make people aware of the availability and benefits of contraceptive methods. As a result, the government is expending on condoms and freely distributing in vulnerable areas to prevent incidence of sexually transmitted diseases and curb the global population. Thus, active projects and campaigns undertaken by several authorities in spreading awareness will prove beneficial for institutional segment growth over the forecast period.
 

Browse key industry insights spread across 350 pages with 728 market data tables & 9 figures & charts from the report, “Condom Market Size By Type (Natural Condom [Latex, Lambskin], Synthetic Condoms [Polyurethane, Polyisoprene, Nitrile]), By Product (Male Condoms, Female Condoms), By Distribution Channel (Retail [Specialty stores, Drug Stores, Supermarkets and hypermarkets], Online platforms), By Sector (Institutional, Non-institutional), Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Poland, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Norway, Japan, China, India, Australia, South Korea,  Indonesia, Vietnam, Malaysia, Singapore, Thailand, Malaysia, Philippines, Hong Kong, Bangladesh, Myanmar, Brazil, Mexico, Argentina, Colombia, Peru, Venezuela, Chile, Ecuador, Saudi Arabia, South Africa, UAE, Nigeria, Ethiopia, Egypt, Kenya, Ghana, Malawi, Zimbabwe, Tanzania, Iran, Turkey, Iraq, Qatar, Israel, Kuwait, Lebanon), Application Potential, Competitive Market Share & Forecast, 2019 - 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/condom-market
 

Asia Pacific condom market accounted for more than USD 1.6 billion in 2018 and it is expected to witness considerable growth over the forecast period. The rising awareness amongst adolescents in the region will augment demand for efficient contraceptives in the near future. Moreover, changing customer attitude will be a high impact rendering factor for regional growth. As a result, growing awareness coupled with changing customer attitude will positively stimulate regional growth over the analysis timeframe.
 

Some of the notable industry players operational in condom market are Church & Dwight, FUJILATEX, Reckitt Benckiser Group, Veru, Okamoto Industries, Mayer, Cupid Limited, Karex Berhad, and Mankind Pharma. These companies are implementing several strategies such as product launches, emphasis on R&D activities, geographical expansions, etc. to withstand competition and grab higher market share. For instance, in November 2018, Durex brand of Reckitt Benckiser introduced new condom that is labelled as Feels in South Africa and also, they are priced low to capture revenue from different region. This strategic activity will enable company to garner higher market.
 

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Condom market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:

Condom Market, By Type (USD million) (Million Units)

  • Natural Condom
    • Latex
    • Lambskin
  • Synthetic Condom
    • Polyurethane
    • Polyisoprene
    • Nitrile

By Product (USD million)

  • Male Condoms
  • Female Condoms

By Distribution Channel (USD million)

  • Retail
    • Specialty Stores
    • Drug Stores
    • Supermarkets and Hypermarkets
  • Online Platforms

By Distribution Channel (USD million)

  • Institutional
  • Non-institutional

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
    • Poland
    • Netherlands
    • Belgium
    • Czech Republic
    • Greece
    • Portugal
    • Sweden
    • Hungary
    • Austria
    • Switzerland
    • Denmark
    • Norway
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Indonesia
    • Vietnam
    • Malaysia
    • Singapore
    • Thailand
    • Malaysia
    • Philippines
    • Hong Kong
    • Bangladesh
    • Myanmar
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Colombia
    • Peru
    • Venezuela
    • Chile
    • Ecuador
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Nigeria
    • Ethiopia
    • Egypt
    • Kenya
    • Ghana
    • Malawi
    • Zimbabwe
    • Tanzania
    • Iran
    • Turkey
    • Iraq
    • Qatar
    • Israel
    • Kuwait
    • Lebanon

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