Condom Market
Growth Factors of Condom Market
The condom market size was valued at USD 5.59 billion in 2023, and the market is now projected to grow from USD 5.92 billion in 2024 to USD 10.04 billion by 2032, exhibiting a CAGR of 6.8% during the forecast period of 2024-2032.
Stay-at-home guidelines during the coronavirus pandemic period augmented the demand for public well-being products. However, the pandemic posed matters in approachability and supply of sexual wellness products due to limitations on manufacturing services and delivery of non-essential goods through the world.
Constant and appropriate use of this product can efficiently lead towards contraception, and that is the key boosting factor for condom industry development. Growing educational levels among women have completely sustained market progress as they demand their sex partners to use effective birth control products. Consequently, suitable usage is expected to upsurge its implementation as linked to further methods.
Companies are launching new fragrant as well as savory flavors in products to appeal customers. Customers demand products that are more comfy to wear and do not make interruption during intercourse. Therefore, market performers are aiming on growing material quality as well as design to develop ease. The USAID condom programming highlights the necessity to support condom supply and surge product demand and augment usage. Such efforts enhance the product demand and boost the condom market growth.
Comprehensive Analysis of Condom Market
The market can be segmented in various ways, depending on the focus of analysis such as by type, by material and by distribution channel. Based on type, market is segmented into male and female product types. Based on material, market is segmented as latex and non-latex. Based on distribution channel, market is segmented as mass merchandisers, drug stores/pharmacies, online retail stores, and others.
North America region is dominating the condom market share due to occurrence of a knowledgeable people and superior awareness about birth control products.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Reckitt Benckiser Group (U.K.), LifeStyles Healthcare Pte Ltd (Australia), Caution Wear Corp. (U.S.), Church & Dwight Co., Inc. (U.S.), Cupid Limited (India), Karex Berhad (Malaysia), CPR GmbH (Germany), ONE Condoms (U.S.), Sagami Rubber Industries Co., Ltd. (Japan), Okamoto Industries, Inc. (Japan) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In March 2023, Durex, a U.K.-based condom brand, launched Durex Real Feel, its new range of non-latex condoms featuring a polyisoprene material.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 10.9% over 2024 to 2032
Unit Value (USD Billion)
Segmentation By Type
By Material
By Distribution Channel
- Mass-merchandisers
- Drug Stores/Pharmacies
- Online Retail Stores
- Others
By Geography
- North America (By Type, Material, Distribution Channel and Country)
- USA (By Type)
- Canada (By Type)
- Mexico (By Type)
- Europe (By Type, Material, Distribution Channel and Country)
- U.K. (By Type)
- Germany (By Type)
- France (By Type)
- Italy (By Type)
- Spain (By Type)
- Rest of Europe (By Type)
- Asia Pacific (By Type, Material, Distribution Channel and Country)
- China (By Type)
- India (By Type)
- Japan (By Type)
- Australia (By Type)
- Rest of Asia Pacific (By Type)
- South America (By Type, Material, Distribution Channel and Country)
- Brazil (By Type)
- Argentina (By Type)
- Rest of South America (By Type)
- The Middle East and Africa (By Type, Material, Distribution Channel and Country)
- South Africa (By Type)
- UAE (By Type)
- Rest of the Middle East & Africa (By Type)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.