As per this study the Global Condom Market was valued USD 11.7 BN (by revenue) in 2022 and is anticipated to reach USD 24.31 BN by 2030 with a CAGR of 9.57%.
A condom is a thin rubber sheath designed to be used by both male and female during sexual intercourse. It is usually made up of thin latex, polyurethane, nitrile, polyisoprene or lambskin. It is mainly used as a contraceptive but can also prevent chances of sexually transmitted diseases (STDs) and sexually transmitted infections (STIs) to a certain extent.
Market Dynamics
The growing population at a rapid pace generated the need for effective population control measures are driving the market growth. Increasing awareness among consumers about sexually transmitted diseases (STDs) and sexually transmitted infections (STIs), are also fueling the market growth. Rising investments in public health campaigns and marketing programs by the government in rural and urban areas are also boosting the demand in the market. In addition, continuous innovations in terms of ribbed, flavored, and glow-in-dark in condom market is again boosting the demand. However, availability of substitutes such as contraceptive pills is hampering the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of condom.
Market Segmentation
The broad condom market has been sub-grouped into Material type, distribution Channel and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Material Type
- Latex Condoms
- Non-latex Condoms
By Product
- Male Condoms
- Female Condoms
By Distribution Channel
- Mass Merchandizers
- Drug Stores
- E-commerce
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for condom in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Condom Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Condom market include Church & Dwight Co. Inc., Fuji Latex Co. Ltd., Reckitt Benckiser Group, Karex Berhad, Lelo, LifeStyles Healthcare Pte Ltd., Veru Inc., Mayer Laboratories Inc., Okamoto Industries Inc., Cupid Limited. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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