Condom Market (By Material Type: Latex Condoms, Non-latex Condoms; By Product: Male Condoms, Female Condoms; By Distribution Channel: Supermarkets, Drug Stores, Online Store) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2032

The global condom market size was estimated at USD 11.09 billion in 2022 and is expected to surpass around USD 26.01 billion by 2032 and poised to grow at a compound annual growth rate (CAGR) of 8.9% during the forecast period 2023 to 2032.

Key Pointers:

• Asia Pacific contributed more than 52.7% of revenue share in 2022.
• By material type, the latex material segment dominated the global market in 2022.
• By material type, the non-latex material segment is growing at a remarkable CAGR from 2023 to 2032.
• By product, the male condom segment generated more than 98.9% of the revenue share in 2022.
• By distribution channel, the drugstore segment leads the global market.

Condom Market Report Scope

Rising awareness regarding the use of condoms, the availability of different types of condoms to suit consumer needs, and measures to reduce the spread of HIV and other STIs are likely to boost the market growth during the forecast period. In addition, the free distribution of condoms by government organizations is expected to drive the market.

The government in each country is undertaking initiatives to raise awareness and promote the use of contraceptives in the younger generation to control the epidemic of HIV and other STIs and avoid unintended pregnancies. To achieve their UNAIDS 2020 target, which demands that 90% of all the people living with HIV know of their HIV status, 90% of all the people with HIV infection will receive sustained antiretroviral therapy and 90% of all people receiving antiretroviral therapy will have viral suppression.

Participant countries are proactively promoting condom use, along with providing adequate sex education to the youth. Free condom distribution by governments with the aid of UNFPA and other organizations is expected to increase the use of condoms in rural areas.

When used correctly, male condoms are 98% effective in preventing pregnancy and sexually transmitted infections including HIV. According to United Nations Programme on HIV/AIDS (UNAIDS), consistent and correct use of condoms provides effective protection against unplanned pregnancies and STDs. International and government healthcare bodies such as World Health Organization (WHO) and the Center for Disease Control and Prevention (CDC)are playing a significant role in raising awareness regarding safe sex by using condoms. This has effectively increased the use of condoms among sexually active couples in the past decade.

Asia Pacific accounted for the largest market share of 52.7% in 2022 and is expected to expand at the fastest growth rate of 9.80% during the forecast period. This can be attributed to an increase in demand in countries, such as China, India, Australia, and Japan, owing to the large population, favorable government initiatives being undertaken to control the population and the increasing prevalence of STDs and HIV.

According to the 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., the U.K., and Japan.

The market has significant potential in China with expected double-digit growth of 10.38% compound annual growth rate (CAGR). 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 the market share of Japanese manufacturers, Sagami and Okamoto.

Some of the prominent players in the Condom Market include:

• Fuji Latex Co.
• LifeStyle Healthcare Ptc Ltd.
• Cupid Limited
• Okamoto Industries Inc.
• Church & Dwight Inc.
• One Condoms
• Sagami Rubber Industries Co Ltd.
• Caution Wear Corp
• Karex Berhad

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Condom market.

By Material Type

• Latex Condoms
• Non-latex Condoms

By Product

• Male Condoms
• Female Condoms

By Distribution Channel

• Supermarkets
• Drug Stores
• Online Store

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)