Global Condom Market is segmented by material (Latex, Non Latex), by end use (Men, Women), by distribution channel (Mass Merchandizers, Drug Stores, E-commerce) and by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) is anticipated to reach US$ 12.7 Bn by 2026 at a CAGR of about 8.73 % during a forecast.
Rising awareness regarding sexually transmitted diseases (STDs), Government-run awareness programs, and increase in per capita discretionary income of people, innovative technologies, and growing online platform is driving the growth of condom market. Awareness regarding the safe and secure intercourse, continuously increasing cases of Sexually Transmitted Diseases is further expected to boost the growth of condom market over a forecast period. Changing economic structure in the developed as well as developing countries is likely to stimulate the condom market across the globe.
Male segment acquired 98 % and dominated the condom market
In terms of revenue as well as volume male end user dominated the condom market and is estimated to continue its dominance throughout forecast period. Male condoms are inexpensive, easy of use and few side effects are driving the male segment market growth.
Latex condom hold the 90 % share in the condom market.
Latex condom are popular among youth. Latex possess outstanding elasticity properties. Latex condom can stretch up to 800% before breaking. Non- In addition easy availability and affordable prices of latex condom is expected to continue its dominance in the market.
Asia-Pacific to grow at high CAGR in Condom Market.
Asia-Pacific is one of the largest market for condoms owing to the introduction of stringent government initiatives to control the AIDS epidemic and the growth in population. Growing acceptance of condoms among consumers will further propel the condom market. Growing online penetration and digitization growth in the China, India, and Japan contributes to market growth of condom.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Ansell Ltd., Reckitt Benckiser Group Plc., Karex Industries Sdn. Bhd., Church & Dwight Co. Inc., HLL Life Care Ltd., Fuji Latex Co. Ltd., Graphic Armor LLC., Sagami Rubber Industries., Mankind Pharma., B Holding Group, LLC. , Caution wear, Cupid Ltd and Okamoto.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global condom market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global condom market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global condom market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Condom Market”.
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