Latin America Condom Market

Latin America Condom Market Size (2024 to 2029)

The Latin American condom market is expected to grow at a compound annual growth rate (CAGR) of 7.57% from 2024 to 2029.

The growing use of condoms by sex workers, young couples, and the LGBTQ community across the region is majorly driving the Latin American condom market growth. Rising awareness among adolescents about sexually transmitted diseases and HIV has led to an increase in the usage of contraceptives globally is one of the major growth factors that propel the growth of the Condom market in the Latin America region.

The increasing initiatives taken by government healthcare bodies such as WHO, UNFPA, UNAIDS, and CDC to create awareness about safe sex through the usage of condoms is promoting the growth of the Latin America Condom market revenue rate during the forecast period. The increasing demand for exotic and premium products is high among sexually active individuals, availability of a variety of condoms across the globe fuels the condom market revenue rate in the Latin America region. Lower cost compared to the other contraception methods is also escalating the growth of the condom market revenue rate in the Latin America region.  

Increasing adoption of alternative contraceptive methods such as IUDs is hampering the growth of the Latin American market.

Impact Of COVID-19 on the Latin America condom market:

COVID-19 is a deadly disease that disrupted the global economy in distinct ways. Almost every sector faced difficulties in 2020 due to lockdowns and restrictions on movement. There was a disturbance in the continuous flow of the supply chain that declined the growth rate of the Latin American condom market; by the end of 2021, the market shares to fell into the previous state. 

This research report on the Latin American condom market has been segmented and sub-segmented based on the following categories.

Latin America Condom Market - By Type of Material:

• Latex
• Pu Leather
• Polyisoprene
• Polyurethane

Among these segments, the latex segment holds the major share of the market owing to the wider availability at lower prices when compared with the others.

Latin America Condom Market – By Gender:

• Male 
• Female 

Among these segments, the male condoms segment holds the major share of the market. There are different varieties of contraceptives for men that are easily available and are predominantly used during sexual intercourse to protect against STIs and HIV.

Latin America Condom Market – By Product:

• Natural Condom
• Synthetic Condom

Latin America Condom Market – By Distribution Channel:

• Offline
• Online

Among these segments, the offline distribution channel segment holds the major share of the market owing to the easy availability and also increased access to drug stores across the region.

Latin America Condom Market – By Country:

• Argentina
• Chile
• Peru
• Mexico
• Brazil
• Rest of Latin America

Latin America region is expected to increase its share of the market owing to increasing initiatives taken by the government health care bodies such as WHO, UNFPA, UNAIDS, and CDC to create awareness about safe sex and the growing use of condoms by sex workers, young couples, and the LGBTQ community. Also, rising awareness among adolescents about sexually transmitted diseases and HIV propels the growth of the Latin America Condom market.

KEY MARKET PLAYERS:

Some of the key market players of the Condom market are Okamoto Industries, Inc.; Reckitt Benckiser Group plc; Karex Berhad; LELO; LifeStyles Healthcare Pte Ltd.; Fujilatex Co., LTD.; Church & Dwight Co., Inc.; Veru, Inc.; Mayer Laboratories, Inc; and Cupid Limited.