Condom Market Size, Share, Global Industry Growth Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Condom Market


The global Condom market size is projected to reach US$ 15.17 billion by 2026, from US$ 9.3 billion in 2020, at a CAGR of 8.5% during 2021-2026. Rising awareness among adolescents about Sexually Transmitted Diseases (STDs) and HIV has led to an increase in the usage of this contraceptive globally. Latex condoms are the most effective and efficient method of contraception that provide protection against unplanned pregnancy, HIV, and Sexually Transmitted Infections (STIs).
Increasing use of condoms by sex workers, young couples, and LGBTQ community has significantly reduced public health concerns such as STDs, HIV/AIDS, and population explosion. Correct and consistent usage helps avoid the risk of acquiring such conditions. Studies demonstrate that since the onset of HIV/AIDS epidemic, condoms have helped avert 50 million new cases of HIV.

According to the United Nations Population Fund (UNFPA), investment of USD 27.5 billion in male condoms in 81 countries by 2030 is estimated to help meet unmet demands of family planning. It is also expected to fulfill 90% of the need for condoms to prevent STIs & HIV. This is estimated to prevent 17 million HIV infections, 700 million STIs, and 420 million unplanned pregnancies.

International and government healthcare bodies such as WHO, UNAIDS, UNFPA, and CDC are undertaking various initiatives to create awareness about safe sex through usage of condoms. This has effectively increased use of this contraceptive by sexually active couples in the last decade. In October 2013, UNFPA with the Malawi government launched the first national HIV/AIDS prevention drive to increase use among youths. Moreover, national programs that address gender bias and socio-cultural stigma affecting use and access are expected to improve usage of the product in African nations.

Availability of a variety of condoms across the globe is increasing their usage and enhancing sexual experience. The demand for exotic and premium products is high among sexually active individuals aged between 15 and 24. In March 2018, Reckitt Benckiser launched DurexAiR, a variant of thinnest condoms for individuals who find that thickness hampers their sexualexperience. Furthermore, lower cost in comparison with other methods of contraception is anticipated to drive the growth during the forecast period.

Market Segmentation, Outlook & Viewpoint: Global Condom Market

Material Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Latex
  
Non-Latex

Product Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Male Condoms
  
Female Condoms

Distribution Channel Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2026)

  
Mass Merchandizers
  
Drug Stores
  
e-Commerce

Key Players, Recent Developments & Regional Insights: Global Condom Market

The product segment consists of male and female condoms. Male condoms dominated the market in 2018 as majority of the players in the market are focusing on manufacturing products for men. Different varieties of this contraceptive for men are easily accessible and thus are predominantly used during sexual intercourse for protection against STIs & HIV.

However, female condoms are being increasingly accepted for reducing the risk of STIs and unplanned pregnancy. The adoption of female condoms is rising in developed nations such as the U.S., U.K., Canada, Germany, and France. In the U.S., currently, only one company offers the FC2 Female Condom. In January 2019, female condom was given a genderless rebranding by FDA and was assigned a generic name single-use internal condom. It was classified as over-the-counter device. It is likely that the device would be subject to similar regulations as male condoms and is approved for vaginal and anal intercourse.

Regional Insights
Asia Pacific dominated the market in 2018 due to an increase in demand in countries such as China, India, and Japan, owing to the large population, favorable government initiatives being undertaken to control population, and increasing prevalence of STDs and HIV. The MEA and Latin America are also anticipated to witness significant growth in the market.

According to National Health and Family Planning Commission of China, the country is among the top four countries in terms of condom use and production in the world, preceded by the U.S., U.K., and Japan. The market has huge potential in China with expected double-digit growth. Domestic startups are trying to gain market share. In June 2017, a manufacturer based in Gansu Province launched a condom made from waterborne polyurethane. The company claimed that this product had the thinnest sheath. It was intended to improve market share of Japanese manufacturers, Sagami and Okamoto.

Indian is affected by the price cap implemented by the National Pharmaceutical Pricing Authority (NPPA). However, the demand among youth has increased in the last decade and sales of premium brands has gone up.
Domestic brands hold a significant share of the market and compete with international brands by launching products specifically designed for Indian customers. For instance, in January 2018, Manforce brand, owned by Mankind Pharmaceuticals, announced launch of ginger flavored condoms. Furthermore, the National AIDS Control Organization (NACO), a part of the Ministry of Health and Family Welfare, has undertaken several initiatives to increase use of condoms to prevent HIV.

Europe holds the second largest share followed by North America owing to growing demand by sex workers, lesbians, and men who have sex with men (MSM). European countries such as Germany, France, U.K., and Italy are among the countries with the largest market shares. Government initiatives promoting usage of contraceptives among youth population are being undertaken in these countries to prevent transmission of HIV. For instance, in November 2018, the France Ministry of Health announced reimbursement of the cost of condom prescription by doctors as an initiative to control HIV and AIDS.

Companies must comply with international and domestic manufacturing, marketing, and distribution regulations. Manufacturers have to comply with WHO, FDA, and ISO standards in each country where the product is being marketed and distributed, and failing to adhere to these standards in any country can lead to product recall. For instance, in January 2019, a global brand Durex owned by Reckitt Benckiser recalled several products from the U.K., Germany, and France after several batches failed the burst test.

In the U.S., there was a significant change in sexual behavior in the young population, leading to reduced usage of these product between 2013 and 2017. However, increasing demand from adolescent and middle-aged population is expected to drive the market during the forecast period.

Condom Market Share Insights

Some of the key players are Fujilatex Co., LTD.; Church & Dwight Co., Inc.; Reckitt Benckiser Group plc; Karex Berhad; LELO; LifeStyles Healthcare Pte Ltd.; Veru, Inc.; Mayer Laboratories, Inc; Okamoto Industries, Inc.; and Cupid Limited. The global market is highly competitive with presence of well-established global brands such as Durex and Trojan. However, many local companies in various countries are trying to gain market share with launch of innovative products, packaging, and promotion to cater to the demand of local customers. Leading manufacturers are also adopting strategies such as acquisitions and partnerships to sustain their position. In April 2019, an Argentina-based company designed a new consent packaging in the market, which requires four hands to open the package. This initiative was undertaken to create awareness about the importance of consensual sex. In January 2016, Reckitt Benckiser acquired condoms and lubricants business of Hypermarcas, which had presence in Brazil and owned three brandsLovetex, Jontex, and Olla. The acquisition was anticipated to improve the companys presence in Brazil.

Key Insights Covered: Global Condom Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Condom industry.
2. Global major manufacturers" operating situation (sales, revenue, growth rate and gross margin) of Condom industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Condom industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Condom industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Condom industry.

Research Methodology: Global Condom Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other