The global condom market size is poised to grow by USD 3.44 billion during 2020-2024, progressing at a CAGR of over 8% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
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Technavio has announced its latest market research report titled Global Condom Market 2020-2024 (Graphic: Buiness Wire)
The prevalence of sexually transmitted diseases such as syphilis, gonorrhea, chlamydia, hepatitis B, genital herpes, and HIV/AIDS is increasing. These diseases are caused by the transmission of different types of bacteria, viruses, and parasites through the exchange of genital fluids. Condoms have demonstrated a high success rate in preventing sexually transmitted diseases and pregnancy. Thus, with the increasing prevalence of sexually transmitted diseases, the demand for condoms will also grow. NGOs and governments of various countries are collaborating with condom manufacturers to promote the use of condoms and prevent sexually transmitted diseases by distributing condoms free of cost or at subsidized rates.
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Report Highlights:
- The major condom market growth came from the latex segment. Latex condoms are economical, readily available, and prevent pregnancies and STIs such as HIV. Collaborations between condom manufacturers and hospitals, NGOs, and government health departments, product launches, rising population in developing countries, and increasing government initiatives to prevent HIV will boost the sales of latex condoms during the forecast period.
- APAC was the largest market for condoms in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising awareness about the benefits of condoms, availability of a wide range of products, consumption of premium products, rising disposable income, and rapid increase in population are fueling condom market growth in this region.
- The global condom market is fragmented. Church Dwight Co. Inc., Cupid Ltd., Fuji Latex Co. Ltd., Guilin HBM Health protections Inc., Karex Bhd, LELOi AB, LifeStyles Healthcare Pte. Ltd., Okamoto Industries Inc., Reckitt Benckiser Group Plc, and Veru Inc. are some of the major market participants. To help clients improve their market position, this condom market forecast report provides a detailed analysis of the market leaders.
- As the business impact of COVID-19 spreads, the global condom market 2020-2024 is expected to have Positive and Superior growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
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Demand for Female Condoms will be a Key Market Trend
The demand for female condoms is increasing, especially in developed countries, such as the US, where it is distributed by the government through beauty salons, convenience stores, and clinics to check the rising HIV rates. Female condoms have emerged as an effective alternative to contraceptive pills, particularly for strumpets who may face condom refusal and women who prefer not to use hormonal methods to prevent pregnancy. The rising popularity of female condoms, which is one of the critical condom market trends, has encouraged market vendors such as Veru and Cupid to invest heavily in the improvement of design and performance of female condoms. The use of female condoms will help in increasing the number of safe intercourses and minimizing the number of STIs.
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Condom Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist condom market growth during the next five years
- Estimation of the condom market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the condom market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of condom market vendors
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY MATERIAL
- Market segmentation by material
- Comparison by material
- Latex Market size and forecast 2019-2024
- Non-latex Market size and forecast 2019-2024
- Market opportunity by material
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Market segmentation by distribution channel
- Comparison by distribution channel
- Offline Market size and forecast 2019-2024
- Online Market size and forecast 2019-2024
- Market opportunity by distribution channel
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- North America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 10: MARKET SEGMENTATION BY GENDER
- Market segmentation by gender
- Comparison by gender
- Male Market size and forecast 2019-2024
- Female Market size and forecast 2019-2024
- Market opportunity by gender
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 13: MARKET TRENDS
- Product premiumization due to product innovation and portfolio extension
- Growing trend of customization
- Increasing popularity of female condoms
PART 14: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 15: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Church Dwight Co. Inc.
- Cupid Ltd.
- Fuji Latex Co. Ltd.
- Guilin HBM Health protections Inc.
- Karex Bhd
- LELOi AB
- LifeStyles Healthcare Pte. Ltd.
- Okamoto Industries Inc.
- Reckitt Benckiser Group Plc
- Veru Inc.
PART 16: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 17: EXPLORE TECHNAVIO
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