Condom Market to grow by USD 5,117.84 million from 2022 to 2027|High growth of e-commerce platforms to boosts the market - Technavio
NEW YORK, July 5, 2023 /PRNewswire/ -- The global condom market size is estimated to grow by USD 5,117.84 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 9.68% during the forecast period. APAC is estimated to account for 42% of the global market growth. The sales of premium condoms are increasing in countries such as India owing to the penetration of global brands. Moreover, the changing perception of sexual wellness products has led to an increase in the acceptance of condoms in various other countries. Advantages associated with online platforms, such as ease of purchase and the availability of several payment options, are also driving the growth of the market in the region. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report
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Condom Market - Segmentation Assessment Segment Overview This condom market report extensively covers market segmentation by distribution channel (offline and online), material (latex and non-latex), and geography (APAC, Europe, North America, Middle East and Africa, and South America).
The market share growth by the offline segment will be significant for overall market growth during the forecast period. This segment is facilitated by the availability of numerous products under one roof. Furthermore, developing countries open up more retail outlets, including mass merchandisers, drugstores, non-commercial outlets, and others, to meet the demand for condoms because of the growing population. The growth of the segment is attributed to the rising consumer awareness of condoms and other contraceptive methods, owing to the increasing awareness about STDs and the availability of a wide range and brands of condoms in these stores. Hence, such factors drive the growth of the segment during the forecast period.
Insights on the market contribution of various segments, including country and region-wise historic data (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report
Condom Market ? Market Dynamics Key factor driving market growth The market is driven by factors such as the increasing penetration of e-commerce platforms. Online channels increase the visibility of vendors' product portfolios. Increased Internet connectivity, growing adoption of mobile Internet devices, and rising consumer awareness have contributed to the growth of the global market through the online channel. The growing popularity of online shopping, consumer trust in online sales, and fast-shipping services have led to the growth of condom sales through online platforms. Therefore, the availability of a wide range of condoms through online channels is expected to drive the growth of the market.
Leading trends influencing the market
Product premiumization due to product innovation and portfolio extension is a key trend shaping the market. Growing demand for condoms from both male and female consumers and increasing competition in the market have prompted suppliers to actively improve their research and development activities. Vendors are regularly updating their product ranges and expanding their product lines to meet customer needs. High spending on advertisements by vendors is driving the growth of the market, specifically in the premium segment.
Major challenges hindering the market growth
The side effects of using condoms are hindering market growth. The use of condoms can lead to health issues such as genital allergic reactions and STIs. Moreover, the presence of toxic chemicals, due to the addition of flavors and lubricants to condoms, may lead to skin infections in genital areas. Latex condoms can result in allergies to the genitals, such as rashes and hives. It can also lead to a tightening of the airways and loss of blood pressure in severe cases. Such factors will hamper the growth of the market.
Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!
What are the key data covered in this Condom Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the condom market between 2023 and 2027
Precise estimation of the size of the condom market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the condom market across APAC, Europe, North America, Middle East and Africa, and South America
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of condom market vendors
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The emergency contraceptive pills market is estimated to grow at a CAGR of 4.83% between 2022 and 2027. The size of the market is forecast to increase by USD 258.7 million. This report extensively covers market segmentation by distribution channel (retail stores and online stores), type (combination pills and progesterone pills), and geography North America, Europe, Asia, and Rest of World (ROW). The rise in the number of initiatives to create awareness is notably driving the market growth.
The Female Contraceptive Market is estimated to grow at a CAGR of 5.32% between 2022 and 2027. The size of the market is forecast to increase by USD 5,142.22 million. This report extensively covers market segmentation by distribution channel (offline and online), product (female contraceptive devices and female contraceptive drugs), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The increasing adoption of innovative marketing strategies is notably driving the market growth.
Condom Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 9.68%
Market growth 2023-2027
USD 5,117.84 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
8.83
Regional analysis
APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution
APAC at 42%
Key countries
US, China, India, Japan, and UK
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Adloran GmbH, B Holding Group LLC, Caution Wear Corp., Church and Dwight Co. Inc., Fuji Latex Co. Ltd., Global Protection Corp., Grove Collaborative Inc., HLL Lifecare Ltd., Humanwell Pharmaceutical Group Co. Ltd., LELOi AB, Okamoto Industries Inc., Panacea Biotec Ltd., Reckitt Benckiser Group PLC, Redcliffe Hygiene Pvt Ltd., StaySafe Condoms, Thai Nippon Rubber Industry Co. Ltd., Cupid Ltd., Karex Berhad, LifeStyles Healthcare Pte. Ltd., and Ansell Ltd.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Distribution Channel
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Material
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global condom market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global condom market 2017 - 2021 ($ million)
4.2 By distribution channel Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size ? By distribution channel Segment 2017 - 2021 ($ million)
4.3 By material Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size ? By material Segment 2017 - 2021 ($ million)
Exhibit 152: Okamoto Industries Inc. - Business segments
Exhibit 153: Okamoto Industries Inc. - Key offerings
Exhibit 154: Okamoto Industries Inc. - Segment focus
12.16 Panacea Biotec Ltd.
Exhibit 155: Panacea Biotec Ltd. - Overview
Exhibit 156: Panacea Biotec Ltd. - Product / Service
Exhibit 157: Panacea Biotec Ltd. - Key offerings
12.17 Reckitt Benckiser Group PLC
Exhibit 158: Reckitt Benckiser Group PLC - Overview
Exhibit 159: Reckitt Benckiser Group PLC - Business segments
Exhibit 160: Reckitt Benckiser Group PLC - Key offerings
Exhibit 161: Reckitt Benckiser Group PLC - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 162: Inclusions checklist
Exhibit 163: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 164: Currency conversion rates for US$
13.4 Research methodology
Exhibit 165: Research methodology
Exhibit 166: Validation techniques employed for market sizing
Exhibit 167: Information sources
13.5 List of abbreviations
Exhibit 168: List of abbreviations
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