Condom Market Size - By Type, By Product, By Sector, By Distribution Channel, & Global Forecast, 2024 – 2032
Report ID: GMI4365
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Published Date: October 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 230
Countries covered: 20
Pages: 110
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Condom Market Size
The global condom market was valued at USD 9.3 billion in 2023 and is expected to exhibit growth at a CAGR of 8.2% from 2024 – 2032 period. The high market growth can be attributed to the increasing focus on preventing sexually transmitted diseases, promoting sexual wellness, and expanding product availability.
Moreover, rising awareness about sexual health, along with government initiatives promoting family planning and HIV prevention, are further driving the market. Safe sex campaigns, particularly in developing countries, have significantly contributed to increased condom adoption. Additionally, the growing youth population and the rising number of sexually active individuals are boosting demand, fueling market expansion. Public health initiatives, combined with government and NGO-led campaigns, are also expected to have a positive impact on the global condom industry during the forecast period.
Technological advancements in condom manufacturing, such as the development of ultra-thin and eco-friendly options, are significantly driving market growth. For example, in October 2023, ONE Condoms launched the world's first ultra-thin graphene condom, offering superior flexibility, strength, and heat transfer properties. Growing consumer demand for enhanced comfort and sensitivity has spurred innovations in materials and design. These advancements, coupled with aggressive marketing strategies, have led to increased global acceptance and usage of condoms.
A condom is a barrier device used during sexual intercourse to reduce the risk of pregnancy and protect against sexually transmitted infections (STIs). Condoms are typically made from materials such as latex, polyurethane, or lambskin and are available in both male and female versions, each designed to cover the genitals and prevent the exchange of bodily fluids.
Condom Market Trends
The global condom industry is experiencing several notable trends. One key trend is the rising demand for eco-friendly and natural condoms, driven by environmentally conscious consumers who prefer sustainable products free from harmful chemicals. This shift has led to increased production of condoms made from natural latex and organic materials. Additionally, there is growing demand for specialized condoms, including ultra-thin, extra-large, and flavored varieties, offering a more personalized experience.
Condom Market Analysis
Based on product, the condom market is categorized into male condom and female condom. The male condom segment generated the highest revenue of USD 8.5 billion in 2023.
Based on type, the market is classified into natural condom and synthetic condom. The natural segment generated the highest revenue of USD 8.6 billion in 2023.
Based on sector, the condom industry is categorized into institutional and non-institutional. The institutional segment generated the highest revenue of USD 4.9 billion in 2023.
Based on distribution channel, the condom market is segmented into retail, online platforms, and other distribution channels. The retail segment dominated the market in 2023 and is anticipated to reach USD 11.3 billion by the end of the forecast period.
North America condom market accounted for USD 852 million in 2023 and is anticipated to grow at a CAGR of 6.3% between 2024 – 2032 period.
U.S. market accounted for USD 775.7 million market revenue in 2023 and is estimated to hold substantial share between 2024 – 2032 period.
UK condom market is projected to grow remarkably in the coming years.
Japan holds a dominant position in the Asia Pacific market.
Condom Market Share
In the competitive condom industry, industry players are actively pursuing mergers, acquisitions, and partnerships to expand their product portfolios and market reach. For instance, major brands are investing in research and development to introduce innovative products that cater to diverse consumer needs. Additionally, companies are focusing on strategic collaborations with NGOs and government agencies to promote safe sex practices and increase their market share in developing regions.
Condom Market Companies
Prominent players operating in the condom industry include:
Condom Industry News:
The condom market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Type
Market, By Product
Market, By Sector
Market, By Distribution Channel
The above information is provided for the following regions and countries: