A recent report published by Infinium Global Research on condom market provides an in-depth analysis of segments and sub-segments in the global as well as regional condom market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional condom market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global condom market. According to the report, the global condom market is projected to grow at a CAGR of 8.6% over the forecast period of 2019-2025.
Condoms are protective barriers used during sexual intercourse to reduce the probability of pregnancy or sexually transmitted diseases. They help prevent both pregnancy and sexually transmitted diseases. Male and female condoms are available commercially. They come in a variety of styles, shapes, textures, sizes, and flavors. Flavors such as mint, orange, banana, grape, bubblegum, strawberry, chocolate, vanilla, bacon, and cola are contained in the lubricant or coated on the condom. Condoms are inexpensive and are easily obtained in pharmacies, health centers, convenience stores, supermarkets, online, and even from vending machines. There are no medical side effects from using condoms.
The growing awareness of sexually transmitted diseases is the major driver for the growth of the condoms market. In 2017, the Center for Disease Control and Prevention reported 2,295,739 cases of STDs in the U.S. Furthermore, cases of STDs are anticipated to accelerate among men, particularly gay and bisexual men. The use of condoms greatly decreases the risk of sexually transmitted diseases such as gonorrhea, trichomoniasis, chlamydia, hepatitis B, and HIV/AIDS. They also provide protection against genital herpes, human papillomavirus (HPV), and syphilis. An estimated 45 million HIV infections have been prevented through condom use globally since 1990. In addition, the rise in family planning, growth of better-informed consumers and increasing number of woman in the workforce aggravates the demand for condoms. Besides that, the rise of dating apps is leading to an increase in casual sex among teens and adults that in turn continues to favor the growth of the condom market. Also, the rising support and condom promotion programs from several non-profitable organizations such as AVERT, National AIDS Control Organization, Planned Parenthood Federation of America, Inc. and several others to control sexually transmitted diseases and population explosion promotes the growth of the condom market. However, the prevalence of alternative methods of contraception and the low adoption of condoms in underdeveloped regions restraints the growth of this market. Moreover, growing innovation in the condoms along with the rising marketing methods and growth of the e-commerce websites create beneficial opportunities for the condom market.
Among the regions, Asia Pacific holds the largest share in the global condom market. The increasing government measures to prevent sexually transmitted diseases by several countries such as India, China, Malaysia, Thailand, and several other Asian countries are majorly boosting the growth of the Asia Pacific condom market. In addition, the presence of key players such as Ansell, Karex Berhad, and Mankind Pharma are contributing heavily to the growth of the condom market in this region. Furthermore, the growth of well-educated and better-informed consumers has led to increased acceptance of condoms, thus improving the sales in this region. However, North America and Europe also hold significant shares in the global condom market. In the United Kingdom, the condom is the second most common method of birth control (22%) while in the United States it is the third most common (15%). The growing prevalence of sexually transmitted diseases is also driving the growth of the condom market in these regions.
The report on global condom market covers segments such as material, product type, and gender. On the basis of material, the sub-markets include latex, polyurethane, polyisoprene, PU leather, and other materials. On the basis of product type, the sub-markets include flavored condoms, studded condoms, edible condoms, warming condoms, colored condoms, and other types. On the basis of gender, the sub-markets include male, and female.
The report provides profiles of the companies in the market such as Ansell, Karex Berhad, Church & Dwight Co., Inc., Reckitt Benckiser Group plc, Sir Richard’s, The Female Health Company, ORION Versand GmbH & Co. KG, Mankind Pharma, Ritex GmbH, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of condom market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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