June 20, 2024
Condom Market

Condom Market is expected to be Flourished by Increased Awareness about Safe Sex Practices

The global condom market manufacturers a wide range of condoms available in various safe sex practices including male condoms, female condoms. Male condoms are typically made from natural latex, synthetic materials like polyisoprene, polyurethane, or lamb intestinal lining. Female condoms are constructed from polyurethane or nitrile sheeting and are designed to be inserted into the vagina prior to intercourse. Condoms are effective in preventing unintended pregnancy and reducing the risk of transmission of sexually transmitted infections including HIV/AIDS.

The global condom market is estimated to be valued at US$ 11.76 billion in 2024 and is expected to exhibit a CAGR of 22% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

Increased awareness about safe sex practices among individuals is expected to drive the growth of the condom market over the forecast period. Various public awareness programs about HIV/AIDS prevention as well as distribution of free condoms by government organizations and NGOs has boosted consciousness regarding condom usage among both urban and rural population. Additionally, growing popularity of modern lifestyles, increasing inclination towards casual relationships and extramarital activities especially among millennial has also augmented demand for condoms. However, social stigma and cultural taboos associated with condom purchase in developing regions continue to restrain market growth.

Segment Analysis

The global condom market is segmented on the basis of material type, flavoured/ non-flavoured, and distribution channel. Based on material type, it is divided into latex, non-latex, polyisoprene and polyurethane. Among these, the latex segment dominates the market due to its ability to provide high strength and thinness. It accounts for over 70% share of the global market.

PEST Analysis

Political: Governments across countries make efforts to increase awareness about safe sex and sexually transmitted diseases through campaigns. They provide condoms at subsidized rates to encourage its usage.

Economic: Rising wages and changing lifestyles have boosted consumer spending on protection and wellness products including condoms. However, high import duties impact the pricing.

Social: Open discussions around sexuality and relationships have reduced the taboo around condom usage. Social media influences positively impact consumption especially among youth.

Technological: Advancements in material sciences led to stronger, thinner yet comfortable condoms. Some have added textures or flavors for enhanced experience. Innovation remains key to attracting different segments.

Key Takeaways

The Global Condom Market Growth is expected to witness high growth over the forecast period of 2024 to 2031 supported by rising awareness, openness around safe sex practices and availability of innovative products.

Regional analysis: The Asia Pacific region currently dominates the market led by China, India and Indonesia. Rapid urbanization, growing youth population and implementation of awareness programmes have boosted adoption. North America is another major region owing to frequent product launches catering to varied customer preferences.

Key players operating in the condom market are Agilent Technologies, Inc. (US), Shimadzu Corporation (Japan), MERCK KGAA (Germany), Thermo Fisher Scientific (US), DigiPath, Inc. (US), Steep Hill Inc. (US), SC Laboratories, Inc. (US), PharmLabs LLC (US) and Trojan Brand Condoms. Innovation, brand recognition and supply chain strengths have helped these companies garner major shares.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it