Global Condom Market 2024 – 2033

Reports Description

The global condom market is expected to grow at a compound annual growth rate of 8.52% during the forecast period. The market was valued at USD 11.2 billion in the year 2021 and it is expected to reach USD 21.3 billion by the year 2030. Condoms are contraceptive products that are used foremost as it helps in minimizing the different types of Risks of sexually transmitted diseases.

The market for condoms is expected to grow well during the forecast period due to their preventive and contraceptive nature. Even though this product is largely used by the male category, in recent years there has been a positive change in the market as the products that are female-based are also gaining momentum.

Increasing awareness about the availability of such products and the risks associated with the consumption of medicinal pills that are contraceptive in nature will drive market growth in the forecast period. Prolonged consumption of these contraceptive pills has an adverse effect on the health of the women population. There shall be an increased demand for condoms in the coming years due to an increase in awareness regarding the increasing cases of HIV that spread due to unsafe sex or mostly through sex workers. Various organizations associated with awareness campaigns for health will help in creating a better market for the product and will increase the adoption of this product in the coming years. Sex workers are at higher risk of this infection which exceeds 30 times.

Growing awareness about the availability of such contraceptives will increase the demand for them in the coming years. During the outbreak of the COVID-19 pandemic, there was a disruption in the market. Major delays in the supply chains and the supply of raw materials affected the market. After the restrictions were eased the business for condoms grew and it will continue to grow in the Forecast period.

Although the awareness regarding the availability of these contraceptive products has led to increased adoption of the product across the globe there are some reasons that shall have a negative impact on the growth of the market. Cases of splitting of these products may increase the chances of allergy. The presence of a lubricant on the product may pose some amount of threat to the person and this happens to be a reason that will hamper the growth of the market in the coming years. In remote areas across the globe, the awareness regarding the availability of these contraceptive products is less. In the countries where the purchasing power of the consumers is less as compared to the other parts of the world, the demand for the product shall falter. These products may not be available in a few rural areas and this is another factor why the market growth will be hampered during the forecast period.

Growth Factors

Constant awareness regarding the availability of these products and the benefits associated with their use will drive market growth in the coming years. The condom industry is expected to grow during the forecast. Due to the appropriate use of the product, the products available in the market for male contraceptives have increased drastically across the globe as compared to those available for women. An increase in the literacy rate and improved education which helps in creating an understanding of these products has helped the market by providing positive growth.

The health risks associated with the consumption of oral pills will benefit the market as the prolonged consumption of these pills may cause hormonal imbalance. Growing education amongst the women population regarding the elects of the consumption of these oral pills will create more demand for the use of the contraceptive products by their sex partners and make efficient use of these products in the coming years.

Various organizations across the globe are making efforts by conducting various campaigns and education programs that help in creating awareness regarding the dangers of sexually transmitted diseases. 38 million populations across the globe are affected by HIV infection. These numbers will continue to grow in the coming years. Initiatives taken by the government and the organizations in this industry will be instrumental in providing a better market for the product in the coming years. Existing policies that impart sex education to children at the school level will be another factor that shall provide better opportunities for growth.

Campaigns organized by these market players in the industry on the basis of various themes like The World Contraceptive Day, and Protection against Sexually Transmitted Diseases which was held in England, will all be extremely instrumental in the growth of the market in the coming years. NGOs are constantly striving for sex workers and people that are affected by sexually transmitted diseases across the globe in order to provide them with a better future.

Awareness drives conducted by these NGOs and government authorities will impede the growth of the market in the coming years. The reasons that are expected to drive market growth are the efficiency of these condoms. Most of these products available in the market are about 98% effective. They help in preventing the transfer of any diseases and prevent unwanted pregnancy. World Health Organization and other healthcare bodies are focusing on creating awareness about safe sex with the use of condoms. There has been an increase in the demand for these condoms in sexually engaged couples across the globe. In the last decade, the demand for condoms has grown well.

Segmental Insights

Condom Market Segment On The Basis Of the Material

On the basis of the material used in the production of the condoms, latex condoms are expected to have the largest market share in the coming years period the segment has dominated the market in the past with a share of about 8.78 billion in terms of revenue. Nonlatex and latex materials are used in the manufacturing of condoms. The demand for these products will continue to grow in the coming years as new products are offered in the market.

The efficiency of latex condoms is about 80 to 98%. Most of the market players offering these products make use of latex on a large scale. It is an effective method for protection and contraception. It is flexible as well as durable. The non-latex segment will also continue to grow in the coming years as they are odourless and thin and do not cause any allergies. An increase in the cases of allergy which were associated with the use of latex condoms was instrumental in creating a demand for non-latex condoms. The growth of this segment will be hampered as this product is expensive. It also is less effective as compared to latex condoms. It is not extremely efficient in preventing the transfer of infections or diseases.

Condom Market Segment On The Basis Of the Product

On the basis of the product, the condom used by the main counterpart is expected to have a larger market share in the coming years. The segment had a market share of about 9.8 billion in the past and it is expected to grow in the coming years. Condoms are available for females as well As for males. Most of the manufacturers across the globe have majorly focused on male condoms. The demand for male condoms will continue to grow due to the open-mindedness of the usage of this product.

Male condoms have a higher preference among couples and the demand will continue to improve in the market in the coming years. An increase in the cases of unplanned pregnancy and the risk of contracting sexually transmitted diseases will increase the adoption of female condoms in the coming years. In most developed nations, there is an unmet demand for female condoms and initiatives are being taken in order to increase the production for the female segment.

Condom Market Segment On The Basis Of the Distribution Channel

The sales of these products are expected to be maximum in number through the drug stores. This segment will dominate new markets in the coming years. The increased number of drug stores and the availability of the products will drive market growth in the coming years. During the pandemic, the demand for condoms through these drug Stores had dropped due to various restrictions imposed across the globe.

E-commerce platforms have emerged to play an extremely important role in the sales of these products lately. They are expected to have good growth in the coming years. Fast delivery services Andy’s large number of options available on these platforms will drive the market growth in the coming years period digitalization in various industries has provided good scope for the market. It has provided better access to these products in underdeveloped and developing nations.

Report Scope

Regional Insights

The demand for condoms is expected to be highest in the Asia Pacific region. This region had a market share of about 52% in the past and it is expected to grow well in the coming years. In the countries like India, China, Japan, and Australia the demand for condoms is expected to grow as these nations have large populations. The government in these nations is engaged in taking initiatives for the prevention and control of population growth. An increase in the cases of sexually transmitted diseases and HIV infections will create more demand for the product in the coming years.

The regulatory and authoritative bodies of China have some policies in place that have created a larger demand for this product. This nation has also increased its production of condoms which is more than the manufacturing of the product in the United States or even Japan. This region is expected to have a significant compound annual growth rate during the forecast period as this nation has a good amount of potential. These startups in this nation are engaging in increasing their market share. Manufacturers had launched a product with the thinnest sheath, which was expected to drive the market growth for these condoms and improve the market presence of Okamoto and Sagami.

Apart from the growth of the market in the Asia Pacific region European market is also expected to grow well in the coming years. It is expected to be the second largest market during the forecast period. An increased number of sex workers and an increase in the number of lesbians and MSM will drive market growth in this region. Countries like UK, France, and Germany have significant Condom market shares in the European area.

Key Market Developments in the Condom Market

In the year 2021, a new range of condoms was announced by Manforce through a campaign. They introduced an ultra-feel condom which would enhance pleasure as it has a thickness of 0.05 mm. This product is available in bubble gum flavor.

Trojan came up with innovative packaging in the year 2020 and this package shall hold two condoms which will be extremely convenient for portability.

Segments are covered in the report.

By Material Type

• Latex Condoms
• Non-latex Condoms

By Product

• Male Condoms
• Female Condoms

By Distribution Channel

• Mass Merchandizers
• Drug Stores
• E-commerce

On the basis of Geography

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America