Market Overview
The
Global Condom Market is expected to reach a value of
USD 12.2 billion in 2023, and it is further anticipated to reach a market value of
USD 26.4 billion by 2032 at a
CAGR of 8.9%. The market has seen a significant increase in the recent past and is predicted to grow significantly during the forecasted period as well.
A condom is a barrier used during sexual intercourse to minimize the risk of pregnancy & STIs. There are both male & female condoms, where male condoms are used on an erect penis to create a physical barrier preventing sperms from entering a partner's body, often made of latex, though substitutes such as polyurethane are also there, whereas female condoms, made of polyurethane, which can be reused as well.
The global condom market is experiencing tremendous expansion, driven by rising awareness surrounding sexual health issues and an emphasis on family planning and disease prevention. As governments and organizations emphasize safe sexual practices, condom usage has gained increased acceptance across many regions worldwide - particularly emerging markets where education and awareness campaigns are growing increasingly prominent.
Consumer demand for innovative condom products has seen significant growth over time, as consumers seek out solutions that enhance comfort, safety, and pleasure. Thanks to advances in material technology such as eco-friendly latex-free condoms designed for optimal performance; demand across regions continues to increase significantly.
Opportunities in the global condom market lie in providing greater access to underserved populations and incorporating condoms into broader health initiatives. E-commerce platforms also present new avenues for reaching a wider audience. Brands can capitalize on expanding access while emphasizing sustainability and inclusivity to target growing consumer segments - such as those interested in more customized products.
As per unaids An online survey conducted before the broadcast surveyed 1,050 Russian Internet users aged 18-60 on their views regarding sexually transmitted infections and what constitutes safe sex practices. Results revealed that 87% had engaged in unprotected sex, with older individuals reporting higher rates.
As per unaids Natalya Ladnaya, Senior Researcher from Rospotrebnadzor's Central Research Institute of Epidemiology has reported that HIV has already spread widely within this population and nearly 70 percent of new infections can be linked to heterosexual sex. High-risk groups include single women over 35 and those no longer using contraception resulting in condom-less sexual encounters."
As per unaids The survey also provided insight into why respondents avoided condoms, with 41% citing the awkwardness of discussing them with partners as the main reason. Other contributing factors include trust in a partner (35%), discomfort during intercourse (20%), fear of spoiling romantic mood (31%), and worry over misunderstood (19%).
Market Dynamic
The global condom market is constantly growing, primarily driven by the increasing global adoption of condoms as a contraceptive method, which can be said owing to a growing awareness in the form of comprehensive sex education programs & government initiatives focused on preventing the spread of sexually transmitted infections (STIs) by using condoms.
Also, the rise in the use of condoms among young couples, sex workers, & the LGBTQ+ community has further contributed to a significant reduction in public
health concerns, like AIDS/HIV, STDs, & population control in many parts of the world.
Furthermore, Governments & international organizations like the Centers for
Disease Control and Prevention (CDC), the Joint United Nations Programme on HIV/AIDS (UNAIDS), the United Nations Population Fund (UNFPA), & the World Health Organization (WHO) consistently engaged in initiatives & campaigns to encourage safe sex & condom use, further creating public awareness of these crucial preventive measures.
Research Scope and Analysis
By Material
The condom market is divided into two key segments based on material type, which are latex and non-latex. Latex condoms, in 2023, holds the largest share of the market's revenue. Latex condoms, made from natural rubber, are the most common & are highly effective (82%-98%). They are known for their flexibility, durability, & effectiveness in contraception & protection against STDs.
Also, the non-latex condom segment is expected to experience high growth during the forecasted period, as non-latex condoms provide certain advantages over latex ones, including being odorless, thinner, & suitable for individuals with latex allergies. However, they aim to be more expensive & are less effective in preventing viral infections like STDs & HIV in comparison to latex condoms, which could limit the growth of this segment.
By Product
The condom product market is categorized into male and female condoms. In 2023, the male condom takes the lead in terms of revenue by having the majority of market shares, which is attributed to manufacturers' emphasis on producing male condoms, greater societal acceptance, & a large variety of options. Mainly in underdeveloped African countries, the need for male condoms is significantly high due to the increasing prevalence of HIV/AIDS. Male condoms are the preferred choice for many couples, leading to higher demand.
Further, the female condom segment is expected to experience significant growth during the forecast period. Female condoms are gaining popularity as a means to lower the risk of sexually transmitted infections & unintended pregnancies.
Moreover, the World Health Organization (WHO) has created strict quality standards for female condoms, which only a few companies have met, leaving huge opportunities for companies in this market, as players like Veru, Inc. are targeting this segment due to its considerable untapped potential.
By Distribution Channel
The global condom market in terms of the distribution channel is categorized into drug stores. e-commerce and mass merchandiser. The drug store as a distribution channel stands as the dominant force in the market in 2023, owing to its easy accessibility & widespread presence.
However, a notable shift is occurring towards e-commerce due to market closures & movement restrictions during the pandemic has created another pathway for the growth of the market. E-commerce is anticipated to experience rapid growth in the coming future, driven by cautious delivery services & the freedom of choice it offers.
The growing digitalization has enhanced internet access in developing & underdeveloped nations and created huge opportunities for e-commerce platforms. Key industry players like Church & Dwight & Reckitt Benckiser are concentrating on enhancing online marketing strategies to promote their condom brands, underscoring the growing importance & potential of e-commerce in the market.
The Condom Market Report is segmented on the basis of the following
By Material
By Product
By Distribution Channel
- Drug Stores
- E-Commerce
- Mass Merchandisers
Regional Analysis
The Asia Pacific region dominates the condom market, holding a significant share of 53.4% in 2023, and is also expected to experience the fastest growth in the coming years, primarily due to growth in demand in countries like India, China, Australia, & Japan, driven by their large populations, government attempts to manage population growth, & the rise in number of STDs & HIV. Further, China is a major player in the global condom market, ranking among the top four countries for both usage & production, following the U.S., the U.K., & Japan. Also, China's market holds substantial growth potential in the coming years.
Moreover, in Europe, countries like France, Germany, the UK, & Italy are also experiencing a growing market. These nations are actively promoting contraceptive use among the youth population to withstand HIV transmission.
Also, in North America, there's a growth in condom demand. However, there's room for greater adoption, mainly among women, & increasing sexual health awareness is essential. In addition, the rising prevalence of STDs enhances the importance of condom use.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The condom market is highly competitive, with various global & local brands offering a wide range of condom styles, from ultra-thin and sensitive latex to textured and flavored options, to expand their market share. Further, these are renowned brands globally and are recognized for their quality and innovation. They ensure their condoms meet or exceed stringent FDA standards and continually introduce new products with unique textures and flavors to cater to consumers' preferences.
In April 2022, Durex announced its '#Intensegasm' campaign to introduce its latest product, 'Intense' condoms, which feature a distinctive stimulant gel known as Desirex Gel, designed to elevate women's pleasure by providing a cooling sensation & an increase in the stimulation.
Some of the prominent players in the global Condom Market are:
- Reckitt Benckiser Group PLC
- Mankind Pharma
- Cupid Ltd
- Humanwell Group
- Karex Berhad
- Veru Inc
- Okamoto Industries Inc
- Mayer Laboratories Inc
- Fuji Latex Co Ltd
- Church & Dwight
- Other Key Players
COVID-19 Pandemic & Recession: Impact on the Global Condom Market
The COVID-19 pandemic & the following economic recession had a complex impact on the global condom market. At the start of the pandemic, there was a growth in condom sales as people prioritized safe sex & public health. However, as the recession unfolded, economic uncertainties led some consumers to cut back on optional spending, including condoms, causing a temporary decline in sales, which varied by region, with some markets experiencing more significant declines than others.
In addition, the pandemic interrupted supply chains, impacting the production & distribution of condoms. Despite these challenges, the condom market remained relatively strong, adapting to changing consumer behaviors & promoting safe sex practices, and continues to play a crucial role in public health efforts & intimate wellness post-pandemic.
| Report Characteristics |
| Market Size (2023) |
USD 12.2 Bn |
| Forecast Value (2032) |
USD 26.4 Bn |
| CAGR (2023-2032) |
8.9% |
| Historical Data |
2017 - 2022 |
| Forecast Data |
2023 - 2032 |
| Base Year |
2022 |
| Estimate Year |
2023 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Material (Latex and Non-Latex), By Product (Male
and Female), By Distribution Channel (Drug Stores, E-
Commerce, and Mass Merchandisers) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
Reckitt Benckiser Group PLC, Mankind Pharma, Cupid
Ltd, Humanwell Group, Karex Berhad, Veru Inc,
Okamoto Industries Inc, Mayer Laboratories Inc, Fuji
Latex Co Ltd, Church & Dwight, and Other Key Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |
Frequently Asked Questions
The Global Condom Market is estimated to reach USD 12.2 billion in 2023, which is further expected to
reach USD 26.4 billion by 2032.
Asia Pacific dominates the Global Condom Market with a share of 53.4% in 2023.
Some of the major key players in the Global Condom Market are Reckitt Benckiser Group PLC, Mankind
Pharma, Veru Inc., and many others.
The market is growing at a CAGR of 8.9 percent over the forecasted period.