The condom market is foreseen to develop with a CAGR of 9.2% over the forecast period of 2020 to 2025.
The condom market dates to 1857 that marks the creation of rubber condoms that only cover part of the penis. Since then, the industry has seen tremendous innovations in terms of the type of material used, design, size, and use. The condom industry continued to grow until 1975. However, with the advent of other contraceptive methods such as the pill and IUDs during this period, condom sales began to decline. The condom regained its popularity a decade later, in the 1980s, due to the AIDS pandemic. Today, the industry is thriving around the world and billions of condoms are produced each year. Public and private organizations have played a key role in educating consumers. Initially dominated by latex, the industry now has many innovative products based on polyisoprene, polyurethane, lambskin, and nitrile. The increasing penetration of the Internet has made it easier to buy condoms. In such a scenario, ongoing innovations increased campaigns by government organizations and growing awareness of sexual well-being will boost the industry in the years to come.
In March 2017, the condom brand Durex launched the jeans category. Condom brand Durex, owned by Reckitt Benckiser, falls under the jeans category and hires Bollywood actor Ranveer Singh to endorse the new line.
In October 2020, Durex, the world's leading sexual wellness brand, set a new benchmark in its category with the launch of India's thinnest condom, “Durex Invisible”. Through this distinctive innovation, Durex aims to encourage condom use by addressing the biggest barrier to consumer use that hinders intimacy between partners.
The increase in condom use by sex workers, young couples and the LGBTQ community is expected to drive the growth in global condom market size during the forecast period. Studies show that condoms have helped prevent 50 million new cases of HIV since the start of the HIV/AIDS pandemic. The availability of a different variety of condoms around the world determines the size of the condom market. For sexually active people between the ages of 16 and 25, the market for luxury and exotic condoms is strong.
The increasing prevalence of sexually transmitted diseases will be an important factor in boosting the growth of the global condoms market. The prevalence of sexually transmitted diseases such as syphilis, gonorrhea, chlamydia, hepatitis B, genital herpes and HIV / AIDS is increasing. While syphilis, gonorrhea, chlamydia and trichomoniasis are curable, STDs caused by HPV, HIV, hepatitis B and genital herpes remain incurable. Condoms have shown a high success rate in preventing sexually transmitted diseases and pregnancy. The demand for female condoms is increasing, especially in developed countries like the United States, where the government distributes them to beauty salons, convenience stores and clinics to control rising rates of HIV. In developing countries, such as India, where stigma limits female condom use, comprehensive female condom programs and effective family planning and HIV programs are supposed to boost condom adoption rates. Female condoms have emerged as an effective alternative to birth control pills, especially for prostitutes who may face condom rejection and women who prefer not to use hormonal methods to avoid pregnancy. The growing popularity of female condoms, which is one of the critical trends in the condom market, has encouraged market vendors such as Veru and Cupid to invest heavily in improving the design and performance of female condoms. Using female condoms will help increase the number of safer sex and minimize the number of STIs.
However, side effects like latex allergies and social stigma in developing countries will restrain the growth of the industry to some extent.
The natural condom market accounted for over 75% of the revenue share in 2019. They are made of latex or lambskin. The latex variant was estimated to account for the majority of the revenue share due to its low price and superior strength. The synthetic segment is expected to grow around 8% from 2020 to 2025. It is made up of materials such as nitrile, polyurethane and polyisoprene. The growing adoption of synthetic variants to avoid allergic reactions associated with latex is driving the growth of the segment. The growing demand for synthetic products due to their advantages over natural products is expected to drive the growth of the segment in the coming years.
Based on the type of material, the market is segmented into latex and latex-free condoms. In 2019, the latex segment held the largest market share due to its wide availability and low prices. Latex condoms have been shown to be 83% to 99% effective, which is why most brands offer latex condoms. These are more durable and flexible, provide contraception and protect against STDs, and are widely available in different brands of different shapes, sizes, colors, flavors and textures.
Polyisoprene latex-free condoms are also gaining popularity as they are widely preferred by those with latex allergies. These are versatile and are most preferred because they are odorless, textured, and provide an enhanced feel.
The male condom market was around $ 3.7 billion in 2019. The presence of a large number of manufacturers of male contraceptive sleeves, easy availability and high sexual stamina among men are some of the major contributing factors segment growth. In addition, the lower prices of male condoms, the decrease in complications as well as the arrival of superior and innovative products will increase the growth of the segment during the forecast period. The female condom segment is expected to grow at a CAGR of over 13% during the outlook period. The growing participation of women in sexual experiences and awareness of women's sexual rights is driving the demand for female condoms.
Depending on the distribution channel, the offline channels accounted for a significant share. Pharmacies are the preferred source of purchase for customers and accounted for the largest share in 2019. This growth can be attributed to factors such as easy availability and better access to pharmacies. On the other hand, e-commerce platforms are predicted to grow at the fastest rate in the market due to the increasing penetration of the internet in both developed and developing economies.
Asia-Pacific dominated the global condom market in 2019 due to increased demand in countries such as China, India, and Japan, large population, favorable government initiatives carried out to control population, and the increasing prevalence of STDs and HIV. MEA and Latin America are also expected to experience significant growth in the market.
Europe is second, followed by North America, due to the growing demand from sex workers and LGBT community. European countries such as Germany, France, United Kingdom, and Italy are among the countries with the highest market shares. In these countries, government initiatives are underway to promote the use of contraceptives among young people to prevent HIV transmission. For example, in November 2019, the French Ministry of Health announced reimbursement of the costs of prescribing condoms by doctors as part of an initiative to fight HIV and AIDS.
In the United States, there has been a significant change in the sexual behavior of the young population, leading to a reduction in the use of these products between 2014 and 2018. However, the growing demand from the adolescent and age population medium lead the market during the estimated period.
Some of the key players operating in global condom market share include Church & Dwight, Fujilatex, Reckitt Benckiser Group, Veru, Okamoto Industries, Mayer, Cupid Limited, Karex Berhad, and Mankind Pharma.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Condom Market, By Product
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Condom Market, By Material
6.2.2 PU Leather
6.2.5 Market Size Estimations & Forecasts (2021-2026)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Condom Market, By Gender
6.3.3 Market Size Estimations & Forecasts (2021-2026)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Condom Market, By Distribution
6.4.3 Market Size Estimations & Forecasts (2021-2026)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Product
7.2.3 By Material
7.2.4 By Gender
7.2.5 By Distribution
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Product
7.3.3 By Material
7.3.4 By Gender
7.3.5 By Distribution
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Product
7.4.3 By Material
7.4.4 By Gender
7.4.5 By Distribution
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Product
7.5.3 By Material
7.5.4 By Gender
7.5.5 By Distribution
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Product
7.6.3 By Material
7.6.4 By Gender
7.6.5 By Distribution
8. Key Player Analysis
8.1 Church & Dwight
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.3 Reckitt Benckiser Group
8.5 Okamoto Industries
8.7 Cupid Limited
8.8 Karex Berhad
8.9 Mankind Pharma
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures