By Arizton Advisory & Intelligence
The global condom market is expected to reach over $12 billion by 2024, according to Arizton’s recent research report, growing at a CAGR of over 9% during 2018−2024.
Key Highlights Offered in the Report:
* The global condom market is likely to realize an absolute growth of 121% – a phenomenon leap of over $7 billion revenue between 2014 and 2024.
* Buoyed by the demand from institutional buyers (USAID, UNFPA, NGOs, and private agencies), the overall shipment of institutional condoms is expected to reach over 39 billion units by 2024, witnessing an absolute growth of 65% between 2018 and 2024.
* The female condoms market is expected to register a high CAGR of about 21% during the forecast period. The market remains highly concentrated in Africa with the institutional demand accounting for almost 95% of the overall unit consumption in 2018.
* Spurred by innovations such as flavors and designs, the demand for branded condoms in the commercial market is likely to register a CAGR of over 11% globally during the period 2018-2024.
* The increasing visibility of condoms in mass-market retail chains such as Walmart, Tesco, Sainsbury’s; drug retailers such as Rite Aid, Walgreens, and Boots; and e-commerce websites such as Amazon and eBay has aided in market growth. Further, growing advertising and promotional activities on social media platforms are likely to boost the demand for condoms further world over.
Key Offerings:
* Market Size & Forecast by Revenue and Units | 2018−2024
* Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
* Market Segmentation – A detailed analysis by product, end-user, distribution, material, and geography
* Competitive Landscape – Profile of 4 key vendors and 26 other vendors.
Condom Market – Segmentation:
* The research report includes detailed market segmentation by product, end-user, material, distribution, and geography.
* The female condoms segment is gaining popularity and is expected to contribute about 1.96% in terms of revenue by 2024.
* The global female condom market will post a CAGR of over 21% in terms of revenue during 2018-2024.
Market Segmentation By Product:
* Male Condom
* Female Condom
Market Segmentation By End-User:
* Branded
* Institutional
Market Segmentation By Distribution:
* Retail Stores
* Specialty Stores
* Mass Market Players
* Drug Stores
* Grocery Stores
* Online Stores
Market Segmentation By Material:
* Latex
* Non-latex
* Polyurethane
* Polyisoprene
* Nitrile
* Lambskin
Market Segmentation By Geography:
* North America
* APAC
* MEA
* Europe
* Latin America
Condom Market – Dynamics:
The introduction of female condoms has created a new market segment itself, though the adoption is at the nascent stage. The segment is estimated to grow at a CAGR of over 21% during the period 2018−2024. With organizations actively seeking to commercialize the scale of production and usage of female condoms, the market is expected to offer significant growth opportunities to vendors during the forecast period.
Key Drivers And Trends fueling Market Growth:
* Popularity of Sex Education Programs increasing Awareness
* High Prevalence of Sexually Transmitted Diseases
* Innovative Condom Designs
* Efforts toward Family Planning and Birth Control
Condom Market – Geography:
In 2018, APAC was the largest segment of the global condom market, accounting for the highest market shares in terms of revenue and unit shipment. The penetration of sexual wellness products in North America remains high, and the market revenue has been increasing steadily. The European market is characterized by high demand for premium condoms. However, the stringent government regulations will remain a hindrance to market growth in the region.
Market Segmentation By Geography:
North America
US
Canada
Europe
France
Germany
UK
Russia
Italy
Spain
Poland
Sweden
Portugal
Netherlands
Norway
Denmark
Turkey
APAC
China
Japan
India
Australia
Malaysia
Indonesia
Singapore
South Korea
Thailand
Myanmar
Sri Lanka
Taiwan
Vietnam
Cambodia
Philippines
New Zealand
Latin America
Brazil
Mexico
Argentina
Chile
Peru
Colombia
MEA
South Africa
Nigeria
Kenya
Algeria
Ethiopia
Major Vendors In The Global Market:
* Church & Dwight
* LifeStyles
* Reckitt Benckiser
* Okamoto Industries
Other vendors include MAPA (BILLY BOY),Convex Latex, Cupid Limited, Fuji Latex, HBM Group, HLL Lifecare Ltd, Innova Quality, IXu, KarexBerhad, LELO, MTLC Latex, Sagami Rubber Industries, Shandong Ming Yuan Latex, Shanghai Dahua Medical Apparatus, Silk Parasol, StaySafe Condoms, STRATA Various Product Design, Thai Nippon Rubber Industry, Tianjin Condombao, Veru (The Female Health Company), Innolatex, Nulatex, and Tianjin Human Care Latex Corp.
* Explore our health and wellness profiles to know more about the industry.
* Read some of the top-selling reports:
-> Sexual Wellness Market in East Asia – Industry Outlook and Forecast 2019-2024
-> Premature Ejaculation Therapeutics Market – Global Outlook and Forecast 2019-2024
-> Sexual Wellness Market in Europe – Industry Outlook and Forecast 2019-2024
-> Maternal and Child Dietary Supplement Market – Global Outlook and Forecast 2019-2024
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Comments welcome.
Posted on September 9, 2019