Condom Market Size, Share & Trends Analysis Report 2030 from Tushki Desale's blog

Condom Market Growth & Trends

The global condom market size is anticipated to reach USD 20.73 billion by 2030, exhibiting a CAGR of 8.72% during the forecast period, according to a new report by Grand View Research, Inc. The market is expected to grow due to increasing awareness about the use of condoms for reducing the spread of HIV and other STIs, along with the availability of a variety of condom types to meet consumer preferences.

According to the World Health Organization (WHO) in 2023, approximately 374 million new cases of syphilis, gonorrhea, chlamydia, and trichomoniasis were reported annually. In the same year, WHO reported that 39.0 million people were living with HIV globally, with two-thirds of them residing in the African countries. This can lead to serious complications beyond the immediate effect of the infection itself. If left untreated, STDs can lead to complications such as impotence and infertility. According to a study published on Factors associated with adverse pregnancy outcomes of maternal syphilis in Henan, China, 2016-2022, in 2016, around 1 million pregnant women were detected with active syphilis, which resulted in 200,000 stillbirths and 350,000 adverse birth outcomes. This is expected to boost demand for the use of condoms during the forecast period.

The market for condoms is expected to witness new opportunities arising from the integration of technological advancements, including the introduction of smart condoms, as well as the development of eco-friendly and sustainable condom options. These innovations could lead to a shift in consumer preferences and behaviors, resulting in future growth of the market. The i.Con Smart Condom, manufactured by British Condoms, marketed as the “world's first smart condom,” is in reality a ring that fits over a traditional condom and tracks various metrics related to sexual activity. This device measures parameters like thrust speed, calories burned, duration of the session, & span and even compares performance through an app.

Online platforms, such as Besharam, Amazon, JUMIA GROUP, Condom King, Clicks, shycart, Chemistdirect.co.uk, and Kasha Kenya, offer a wide range of condom brands and variations. The availability of condoms on e-commerce websites is helping customers avoid the need for face-to-face interaction when purchasing condoms, which is helping to overcome social prejudices and stigma surrounding their use. This is expected to further boost the demand for condoms through online channels.

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Condom Market Report Highlights

• In terms of material type, the latex segment held the largest share in 2023. Latex condoms are favored by customers for their compatibility with lubricants and sex toys. However, the non-latex sector is anticipated to exhibit rapid growth in the foreseeable future due to the efficacy, resilience, and adaptability of this material type.
• Based on product, the male segment has the largest market share in 2023. Male condoms are the mostly preferred option among couples, which results in higher demand and high segment growth
• Based on distribution channel, the public health distribution segment dominated the market in 2023. The e-commerce segment, on the other hand, is expected to grow at the fastest CAGR during the forecast period.
• Asia Pacific dominated the market in 2023 and is expected to register the fastest CAGR over the forecast period, due to various factors such as a large adult population, the presence of manufacturers involved in the export of condoms, and increasing awareness about sexual wellness products.
• In March 2023, Durex launched RealFeel condoms, a notable addition to the market made with polyisoprene to provide a skin-on-skin experience, enhancing comfort and sensitivity. These new launches reflect the growing popularity and innovation in the non-latex market, providing consumers with more choices and options for safe & pleasurable sexual experiences 

Recent Developments

In April 2023, Veru Inc. has entered into a Purchasing Agreement with Afaxys Group Services, LLC (AGS) to offer Veru’s FC2 Female Condom (internal condom) through the AGS Group Purchasing Organization (GPO). This agreement will benefit up to 31 million women and men who depend on community & public health centers for essential healthcare.

In May 2021, SKYN, the leading sexual wellness brand and maker of the nonlatex condom, has launched SKYN Excitation, a new condom with a unique wave design featuring raised dots on the most sensitive areas. This new product is set to enhance the sexual experience for those who use it.

Condom Market Report Segmentation

Grand View Research has segmented the global condom market based on material type, product, distribution channel, and region:

Condom Material Type Outlook (Revenue, USD Million, 2018 - 2030)

• Latex Condoms
• Non-latex Condoms

Condom Product Outlook (Revenue, USD Million, 2018 - 2030)

• Male Condoms
• Female Condoms

Condom Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Public Health Distribution
• Drug Stores
• E-commerce
• Mass Merchandizers

Condom Regional Outlook (Volume in ‘000; Revenue, USD Million, 2018 - 2030)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

List of Key Players in Condom Market

• FUJILATEX CO.,LTD
• Reckitt Benckiser Group PLC
• Church & Dwight Co., Inc.
• Karex Berhad
• LELO iAB
• Lifestyles
• Veru Inc.
• Okamoto Industries, Inc.
• MAYER LABORATORIES, INC.
• Cupid Limited
• RITEX GMBH
• Pasante Healthcare Ltd.
• CPR GmbH
• Mankind Pharma
• Sagami Rubber Industries Co., Ltd.
• rrtMedcon

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/condom-market