The global condom market is anticipated to expand at a substantial CAGR during the forecast period, between 2020 and 2027. A condom is a pouch made from flexible materials such as plastic or rubber. It acts as a physical barrier which stops bodily fluids such as blood, vaginal fluids, and semen from passing from one person to another during sex. Condoms are considered to be highly effective against sexually transmitted infections (STIs) such as HIV, which is viruses that cause AIDS.
The report on condom market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes |
Details |
Base Year |
2019 |
Historic Data |
2017 & 2018 |
Forecast Period |
2020–2027 |
Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
In the terms of types, the condom market has been segmented into natural and syntenic. The natural segment is divided into latex and lambskin. The syntenic segment is further classified as polyurethane, polyisoprene, and nitrile. The natural segment is projected to grow at a significant pace during the forecast period. The natural segment is associated with the growth of latex condom, as they are more cost-effective than a syntenic condom and stretch up to 800% that of the original size.
On the basis of products, the market has been segregated into male condom and female condom. The male condom segment is anticipated to hold a majority share of the market due to high sexual vigor among men, easy availability of products, and large number of manufacturers for male contraceptive sheath. The price of male condom is lesser than female condom.
Based on sectors, the market is fragmented into institutional and non-institutional. The institutional segment holds a significant share of the market, while the non-institutional segment is projected to expand at a substantial CAGR during the forecast period. The institutional segment is growing, as institutes distribute condoms at subsidized costs or for free. The purchase of condoms from the institutional sector is high in developing and underdeveloped regions such as Africa and Asia Pacific.
In terms of distribution channels, the market is bifurcated into retail and online. The retail segment is further divided into specialty stores, drug stores, supermarkets, and hypermarkets. The retail segment holds a majority share of the market, as numerous people buy condoms from drug stores or supermarkets.
Based on regions, the condom market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa (MEA). Asia Pacific is expected to hold a key share of the market due to rising demand in countries such as India, China, and Japan. Furthermore, government initiatives to control the population and growing prevalence of HIV and STDs are expected to fuel the condom market in the region.
Key players in the condom market include Church & Dwight Co., Inc., Cupid Limited, FUJILATEX CO., LTD., Karex Berhad, LELO, Lifestyles Healthcare Pte Ltd., Mayer Laboratories, Inc., Okamoto Industries, Inc., Reckitt Benckiser Group PLC, Veru, Inc., and among others. Mergers & acquisitions, collaborations, agreements, and partnerships are some growth strategies adopted by these players to strengthen their geographical presence.
The global condom market has been divided based on types, products, and regions.
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