Condom Market Growth Factors, Developments and Forecast 2027
The Condom Market is further subdivided by Material Type, Product Outlook, Distribution Channel, and Geography. The Condom Market is divided into two categories based on material type: latex condoms and non-latex condoms. According to the Product Outlook, the Condom Market is divided into Male Condoms and Female Condoms. According to Distribution Channel, Mass Merchandisers, Drug Stores, and E-commerce. The market is divided into the following regions: North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. Market sizing and forecasting have been done on the basis of value (in USD Billion) for each segment.
Condom Market Report Scope and Research Methodology
The report analyses the Condom market size, growth, supply, demand, share, innovations, and recent developments, and key stakeholders can use the simple statistics, tables, and figures for strategic planning that leads to the organization's success. The report includes a detailed competitive landscape analysis of the Condom market, as well as Company Profile, Revenue, Product Specifications, Production Capacity/Sales, Price, and Gross Margin Sales. The value of the and regional Condom markets was estimated using the bottom-up approach. The information gathered using both methods The primary and secondary research methodologies were combined to create an authentic and error-free market report. In order to obtain an accurate Condom market size, the analyst obtained these figures from Condom industry experts and company representatives and externally validated them by analysing historical data of these product types and applications. SWOT analysis and Porter's Five Force Analysis are used to define, characterise, and analyse the Condom market competition landscape, with a focus on key players.
Condom Market Overview:
Stellar Market Research offers a summary of the Condom Market as well as the most recent market snapshots. This aids comprehension of its features by providing an overview of the Condom market that highlights common topics. This overview helps clients understand the situation in the Condom Market industry.
Condom Market Size was valued at USD 9.8 billion in 2021. Global Condom Market size is estimated to grow at a CAGR of 8.51% over the forecast period
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Condom Market Regional Insights:
The report assists clients in understanding the Condom market structure by providing detailed information on key players in each key country. It is a clear representation of local energy, economic, political, and geographic variables that is required for any meaningful evaluation of potential policy options in response to the development of each region's Condom market. North America, Asia Pacific, Europe, South America, the Middle East, and Africa are all covered in the report.
Condom Market Dynamics:
Governments around the world are launching various missions and completing sex education projects to raise awareness among youth and encourage them to use contraception to combat STDs and avoid unwanted pregnancies. The Ministry of Health and Family Welfare in India obtains condoms conveyed by NACO/SACS to high-risk gatherings (HRGs) utilising TI NGOs/ICTC/ART habitats for HIV/AIDS anticipation. In addition, in recent years, the Bihar government has begun distributing condoms to migrant workers in order to prevent unwanted pregnancies. While in African countries, the National Department of Health (NDOH) is working to ensure that male condoms are readily available in all networks across the continent.
Condom Market Segmentation:
The Condom Market is divided into two material types: latex condoms and non-latex condoms. Latex condoms have the largest market share. And it is expected to dominate the market for the foreseeable future. When compared to non-latex materials such as polyurethane, these condoms have superior stretchability and strength. Furthermore, during the forecast period, various allergies such as urinal infection and itching shifted consumer interest towards non-latex condoms. As a result, the key players are focusing on developing safer latex products with no side effects.
Outlook for By-Products, Male and female condoms are available on the market. The male condom segment has dominated the market in recent years and is expected to continue to do so throughout the forecast period. Consumers are becoming more aware of the importance of sexual wellness. Female products are also expected to grow significantly over the forecast period. The rise in female consumer literacy and increased awareness about teen pregnancy are expected to dominate the market during the forecast period.
The Condom Market is divided into three distribution channels: mass merchandisers, drug stores, and e-commerce. Mass Merchandisers is expected to expand at a rapid pace during the forecast period. Furthermore, drug stores control a large portion of the market. As health and wellness products are carefully stored in stores, and a diverse range of products is available, the market is expected to grow throughout the forecast period.
Condom Market Key Players:
Church & Dwight Co., Inc.
Fuji Latex Co., Ltd.
Reckitt Benckiser Group
Karex Berhad
Lelo
LifeStyles Healthcare Pte Ltd.
Veru, Inc.
Mayer Laboratories, Inc.
Okamoto Industries, Inc.
Cupid Limited
Key questions answered in the Condom Market are:
- What is Condom Market?
- What are the Condom Market segments?
- Which Condom market segment is expected to grow at a high rate during the forecast period?
- Who are the top players in the Condom market industry?
- What is the expected Condom Market size by 2029?
- What was the Condom Market size in 2021?
- Which region is expected to grow at a high CAGR?
- Who held the largest market share in Condom Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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