The condom global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Condom Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The condom market size has grown rapidly in recent years. It will grow from $10.79 billion in 2023 to $11.99 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to changing attitudes towards sexual health, improved accessibility to condoms, expanding retail distribution networks, growing youth population and urbanization, and rising disposable income levels.
The condom market size is expected to see rapid growth in the next few years. It will grow to $18.34 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to increasing awareness of safe sex practices, government initiatives promoting family planning, growing emphasis on preventing STIs and HIV, rising population and demographics favoring growth, and growth in e-commerce and online sales channels. Major trends in the forecast period include innovations in condom materials and designs, demand for eco-friendly and biodegradable condoms, branding and advertising campaigns by leading companies, demand for customized and flavored condoms, and technological advancements in manufacturing.
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Scope Of Condom Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Condom Market Overview
Market Drivers –
The increasing prevalence of sexually transmitted diseases is expected to propel the growth of the condom market going forward. Sexually transmitted diseases (STDs) are infections primarily spread through sexual contact that can affect various parts of the body and may be asymptomatic or cause symptoms. Sexually transmitted disease rates are on the rise owing to several factors, such as budget cuts and reduced public health funding, inadequate screening and testing, insufficient sexual health education, and behavioral changes. A condom is essential in reducing sexually transmitted diseases by providing a barrier that prevents the spread of infections during sexual activity. For instance, in June 2024, according to a report published by the UK Health Security Agency, a UK-based government agency, England recorded 401,800 new STI diagnoses in the previous year, reflecting a 4.7% increase from the 383,789 cases in 2022. Among these, gonorrhea diagnoses rose significantly by 7.5%, climbing from 79,268 in 2022 to 85,223 in 2023. Therefore, the increasing prevalence of sexually transmitted diseases is driving the condom market.
Market Trends –
Major companies operating in the condom market are developing innovative products, such as natural rubber latex condoms, to sustain their position in the market. A natural rubber latex condom is a type of contraceptive device made from latex, a natural rubber, designed to provide a barrier during sexual activity to prevent pregnancy and reduce the transmission of sexually transmitted infections. For instance, in February 2024, Nixit, a Canada-based period care products company, launched a line of external condoms. These condoms, made from natural rubber latex, are ultra-thin, vegan, and designed to be vagina-friendly. They are lubricated with light silicone oil and are free from spermicides, parabens, glycerin, dyes, added fragrances, and UTI-inducing chemical irritants, promoting optimal vaginal wellness. They are compatible with the brand’s water-based personal lubricant and can be safely used with its suction-free, disc-style menstrual cup for mess-free period sex.
The condom market covered in this report is segmented –
1) By Type: Natural Condom, Synthetic Condom
2) By Product: Male Condoms, Female Condoms
3) By Sector: Institutional, Non-Institutional
4) By Distribution Channel: Retail, Online Platform, Other Distribution Channels
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Regional Insights –
North America was the largest region in the condom market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the condom market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the condom market are Reckitt Benckiser Group Plc, Church & Dwight Co. Inc., Humanwell Healthcare, Okamoto Industries Inc., Mankind Pharma Ltd., Karex Berhad, Sico Inc., Fuji Latex Co. Ltd., Trojan, RFSU Ltd., Cupid Limited, Blowtex, Veru Inc., Suretex Limited, J.K. Ansell Ltd., HLL Lifecare Limited, Pasante Healthcare Ltd., Glyde Corporation, LifeStyles Healthcare Pte Ltd., Mayer Laboratories Inc., SKYN, Unimil, Manix Ltd., Sustain LLC
Table of Contents
- Executive Summary
- Condom Market Report Structure
- Condom Market Trends And Strategies
- Condom Market – Macro Economic Scenario
- Condom Market Size And Growth
…..
- Condom Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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