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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.
The natural condom segment generated USD 8.6 billion in revenue in 2023, driven by the proven efficacy of latex condoms in preventing pregnancies and STIs.
The global market size for condom was valued at USD 9.3 billion in 2023 and is expected to reach USD 18.8 billion by 2032, driven by a CAGR of 8.2% from 2024 to 2032.
The North America market was valued at USD 852 million in 2023 and is anticipated to grow at a CAGR of 6.3% from 2024 to 2032, driven by increased public awareness and educational initiatives focused on sexual health.
Prominent players in the condom industry include Ceylor, Church & Dwight, Cupid Limited, FUJI LATEX, HLL Lifecare, JIMMYJANE, Karex Berhad, Kimono Microthin Condoms, Lifestyles Healthcare, and Mankind Pharma.