According to IMARC Group latest report titled “Condoms Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on condoms market outlook. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global condoms market reached a value of US$ 9.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 16.8 Billion by 2027, exhibiting a CAGR of 9.40% during 2022-2027.
A condom is a sheath-shaped barrier tool used at the time of sexual intercourse for reducing the chances of pregnancy or sexually transmitted infection (STI). It helps in minimizing the possibility of developing chlamydia, gonorrhoea, trichomoniasis, HIV/AIDS, and hepatitis B and protects syphilis, human papillomavirus (HPV), and genital herpes. It is widely available across supermarkets/hypermarkets, convenience stores, pharmacies and drug stores, online retail stores, and other distribution channels.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The global market is majorly driven by the increasing awareness regarding the importance of condoms. In line with this, the growing adoption of contraceptives to avoid unwanted pregnancy is positively influencing the market growth. Furthermore, the rising incidences of sexually transmitted diseases across the globe are catalyzing the product demand. Several manufacturers are also increasingly focusing on launching a wide variety of products with innovative capabilities and flavors to cater to the diverse preferences of the masses. Moreover, various initiatives undertaken by the government of different countries to create awareness and impart sex education is providing a boost to the market growth.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Church & Dwight Co. Inc.
- Cupid Limited
- Fuji Latex Co Ltd
- Karex Berhad
- Lifestyles Healthcare
- Mankind Pharma
- Mayer Laboratories Inc.
- Okamoto Global
- Reckitt Benckiser Group PLC
- Veru Inc
Condoms Market Segmentation:
Our report has categorized the market based on region, type, end user and distribution channel.
Breakup by Type:
- Latex
- Non-latex
Breakup by End User:
- Men
- Women
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Pharmacies and Drug Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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