The Global Market for Condoms is Forecast to Reach 55.1 Billion Units, Worth US$9.1 Billion by 2024

Growing STD/STI Concerns, Increased Consumer Awareness & Product Innovations Drive the Global Condoms Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Condoms market. The global market for Condoms is forecast to reach 55.1 billion units, worth US$9.1 billion by 2024.  Key factors driving growth include growing popularity of female condoms; increasing concerns over the risk of sexually transmitted diseases and unwanted pregnancies; increased consumer awareness; and new product innovations.

The global market for condoms is witnessing steady growth, driven by growing concerns related to sexually transmitted diseases, including STDs/STIs such as HIV, and rising emphasis on preventing unwanted pregnancies. Government initiatives towards educating people about safe sex, and increased consumer awareness are the other growth drivers. Traditionally, condoms have been used primarily for preventing pregnancy and various sexually transmitted diseases (STDs). However, of late, players are emphasizing on improving sexual pleasure. Towards this end, manufacturers are innovating new, innovative ideas, such as super-thin, hydrogel, and custom-fit condoms.  

Other growth drivers include increasing demand for female condoms. Female condoms are being viewed as a way of providing females with more control over their own sexual safety. Female condoms are highly effective, almost 95%, in reducing the transmission of sexually transmitted diseases and preventing an unintended pregnancy. Female condoms are being promoted by institutions and commercial forums including UNAIDS in several developing countries. Increasing focus on Generation Y by condom manufacturers, as evident by the marketing initiatives being undertaken, constitutes another growth propeller.

As stated by the new market research report on Condoms, developing countries, such as Asia-Pacific and Latin America, present attractive future growth opportunities for condoms, where market penetration rates are far lesser compared to the developed regions. Given the relatively strong economic activity, higher proportion of younger demographics and limited condom users in these countries, ample opportunities exist. Asia-Pacific region continues to dominate the global condoms market. Condoms’ use in countries like India and China is growing continuously, on account of increasing population, strong economy, and heightened public awareness. In addition, the growing incidence of HIV and other STIs in these countries also acts as a major growth driving factor. Increased uptake of condoms in African countries is largely due to growing disease prevention programs organized by non-governmental associations.

The US condoms market is being driven by heightened awareness among general public regarding sexual health and well-being; government initiatives towards educating people about sex; widespread penetration of sexual wellness products; and growing popularity of novel condoms, such as LELO’s Hex. Europe is witnessing healthy demand for contraceptives, owing to increased acceptance of condoms both among men and women.

Major players in the market include Church & Dwight Co. Inc., Fuji Latex Co., HLL Lifecare Limited, Humanwell Healthcare (Group) Co. Ltd. (Formerly Ansell) Karex Berhad, Okamoto Industries, Reckitt Benckiser Group Plc., Veru Inc. (Formerly The Female Health Co.), Thai Nippon Rubber Industry Co., Ltd., Guilin Latex Factory, Guangzhou Guangxiang Enterprises Group Co. Ltd., among others.

The research report titled “Condoms: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies. The report provides market estimates and projections in Million Units and US$ Million for all major geographic markets, including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World markets. Product Segments analyzed for the global and regional markets include Male Condoms and Female Condoms.


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