Global Condom Market 2018- 2023- Industry Analysis, Trends, Size & Forecast

This market research report provides detailed segmentation and market size of the global condom market by Product (Male Condom, Female Condom) by Distribution Channel (Retail, Specialty stores, Supermarkets and hypermarkets, Drug stores, Grocery stores, Online) by Material (Latex, Non-latex, Polyurethane, Polyisoprene, Nitril, Lambskin) by End-user (Consumer, Institutional) by Geography (APAC, Europe, Latin America, Middle-East & Africa, and North America)

The global condom market is expected to cross $11 billion, growing at an unprecedented CAGR of 8.62% by year 2023.

In the light of the increase in sexually transmitted diseases (STDs) and sexually transmitted infections (STIs), condom have become essential to prevent sexual ailments and ensure sexual well-being. The sale of condom is forecasted to cross 48 billion units during the forecast period.

Factors such as an increase in per capita discretionary income of people globally and a rapid growing number of dual-income households in developing as well as developed markets are major growth factors for the market. Church & Dwight, Ansell and Reckitt Benckiser are the leading players in the global market.

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The report considers the present scenario of the global condom market and its market dynamics for the period 2018−2023. It also highlights the diversity, competitive dynamics, and intensity of competition of the market across geographies. The study also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global market.

Condom Market: Key Vendor Analysis
The competition in the market is intensifying due to the rapidly changing technological environment. Customers expect continual innovations and upgrades, which are pushing vendors to change and redefine their unique value proposition for achieving a strong market presence.

The market competition is expected to intensify further with an increase in product/service extensions, technological innovations, and M&A. The international players are expected to grow inorganically by acquiring regional or local players in the future. The report profiles the leading players in the market and provides a complete value chain analysis of the market.

The major manufacturers included in the report are as follows:

Church & Dwight
Ansell (Now Lifestyles Holdco)
Reckitt Benckiser
The other prominent manufacturers include BILLY BOY, Convex Latex, Cupid Limited, Fuji Latex, HBM Group, HLL Lifecare Ltd., Innova Quality, IXu, Karex Berhad, LELO, MTLC Latex, Sagami Rubber Industries, Shandong Ming Yuan Latex Co., Shanghai Dahua Medical Apparatus Co., Silk Parasol, StaySafe Condoms, STRATA Various Product Design, Thai Nippon Rubber Industry (TNR), Tianjin Condombao, and VERU (The Female Health Company).

Condom Market: Dynamics
Growing awareness about sexual health concerns and changing economic structure to drive market growth

There has been a widespread increase in STDs and STIs over the last few years. This, in turn, has led to growing awareness for sexual health and well-being and concerted efforts in preventing these diseases. This awareness will positively impact the demand and purchase of contraceptives, and in turn, the growth of the global condom market over the next few years.

Contraceptives are essential devices for birth control as well. With the increase in per-capita income and rise in dual income households due to urbanization and career-focused lifestyles in the developing countries, the use of contraceptives are increasing, thereby giving a healthy push to the global condom market. Introduction to innovative designs, increased impact of internet on consumers’ purchasing behavior, and popularity of female condom are the latest trends that are expected to shape the market positively over the next few years.

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Condom Market: Segmental Overview
Female condom segment witnessing considerable growth

In 2017, the male contraceptive segment dominates the market both in terms of revenue and unit shipment and is expected to continue its dominance over the global market. However, the female contraceptives segment is also gaining popularity and is expected to contribute a significant share of revenue by 2023. The global female condom market is tipped to post a CAGR of 18.92% in terms of value during the period 2018–2023.

Likewise, latex type contraceptives are the dominating segment in the market. Non-latex types are also gaining popularity and are expected to post a double digit CAGR both in terms of revenue and shipment. Although the online sales channel is set to increase during the forecast period, the retail channel will still have the highest market share.

Condom Market: Geographical Analysis
APAC to remain the dominant condom market both in terms of revenue and shipment

APAC will remain the largest market both in terms of revenue and shipment followed by North America. APAC is led by China where contraceptives are witnessing a surge in their demand. The market is witnessing a high growth in regional markets such as India, China, Japan, and South Korea, and these devices are also gaining popularity among end-users. The penetration of sexual wellness products in North America remains high, and the market has been recording a steady growth over the years. This growth will continue over the next few years due to growing popularity of adult stores and a relaxed attitude toward sexuality among US nationals. One of the major reasons for this increase in demand is also an increase in the popularity of innovative condom such as “Hex” by LELO among end-users. Institutional buyers such as USAID, UNFPA, Bill & Melinda Gates Foundation, and PSI are important growth boosters for the market in North America.

Increased awareness about condoms in African countries such as South Africa, Kenya, Uganda, among others have resulted in an increase in sales of these products in the region.

The market in Europe is growing consistently. The major reason for this growth is the high adoption of condom by both sexes, with European women standing among the most active users of contraceptives.

The forecasted increase of per capita disposable income of people in the Latin American countries is expected to contribute to the growth of the market in the region.

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