The global condom market is expected to cross $11 billion by 2023

Wednesday, November 29, 2017 Research News
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LONDON, Nov. 28, 2017 /PRNewswire/ -- The global condom market is expected to cross $11 billion

by 2023. Church & Dwight and Ansell & Reckitt Benckiser are the leading players in the market. Factors such as an increase in per capita discretionary income of people globally and a rapid growing number of dual-income households in developing
as well as developed markets are major growth factors for the global condom market. Male contraceptives will remain the dominant segment despite growing popularity of female condom. APAC will remain the largest market both in revenue and shipment. Download the full report: Timeline • Historic Year: 2015–2016 • Base Year: 2017 • Forecast Year: 2018–2023 Scope of the Report The study considers the present scenario of the global condom market and its market dynamics for the period 2017?2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market. Sales of major condom companies were aggregated to arrive at an estimate of the market size in terms of volume. The same approach is used to calculate the market size in terms of revenue. The report provides the analysis of the key segments of the market by product type, material type, end-user, distribution channel, geography, country, and vendors. It also provides a detailed analysis of the market size and revenue forecast. It provides the detailed market revenue of each segment such as: Product Type • Male • Female Distribution Channels • Retail o Specialty Stores o Supermarket & Hypermarket o Drug Stores o Grocery stores • Online Material Type • Latex • Non-latex o Polyurethane o Polyisoprene o Nitrile o Lambskin End-User • Consumer • Institutional Major Geography • APAC • Europe • MEA • Latin America • North America Key Countries • Australia • Brazil • Canada • China • India • Japan • US • UK • Germany Condom is a barrier method of contraception. While the usage of contraceptives was to control birth traditionally, they became a necessity over the past two centuries with the rise in sexually transmitted infections and diseases. Growing awareness and demand for contraceptives is driving the condom market growth worldwide. In terms of revenue, the global market is expected to reach $11.10 billion in 2023, growing at a CAGR of 8.62% during 2017?2023. The usage of sexual protection measures gains prominence with the emergence of STDs and STIs, which not only prevent the spread of diseases but also potentially limit birth rates. This is a major factor that is driving the market growth. Along with the urbanization, innovative packaging style, increased marketing and promotional activities and introduction of innovative condom designs are also going to boost the market growth. The market research report provides a holistic view of the global market, the companies involved in the market, and the factors driving its growth. The market research report also provides information on some of the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. It also provides the Porter's Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global market. Condom Market: Key Vendor Analysis The global condom market is dominated by vendors that have international presence Many international players are expected to expand their presence worldwide during the forecast period, especially in the fast-developing countries in APAC and Latin America to gain more market share. The adoption rate of contraceptives among end-users worldwide has been increasing moderately. Therefore, the market has witnessed the entry of many vendors due to increased demand. Intensifying competition among market players has led to the introduction of innovative and advanced solutions in the market. Major vendors profiled in the report are as following: • Church & Dwight • Ansell (Lifestyle Holdco) • Reckitt Benckiser Other prominent vendors in the market include Billy Boy, Convex latex, Cupid Limited, Fuji Latex, HBM Group, HLL Lifecare, Innova Quality, IXu, Karex Berhad, Lelo, MTLC Latex, Sagami Rubber Industries, Shandong Ming Yuan Latex Co, Shanghai Dahua Medical Apparatus Co, Silk Parasol, StaySafe, STRATA Various Product Design, Thai Nippon Rubber Industry (TNR), Tianjin Condombao, The Female Health Company. Condom: Market Dynamics Growing awareness and prevalence of STIs to boost the market growth The awareness generated through comprehensive sex education programs, government initiatives to reduce the prevalence of STIs and increased efforts toward family planning and birth control measures are the key factors that are going to drive the global market during the period 2017-2023. Similarly, introduction to innovative designs, increased impact of internet on consumers' purchasing behavior, and popularity of female condom are the latest trends that are going to shape the market positively. The report further outlines the constraints that are going to hinder the market growth. Condom Market: Segmental Overview The female condom segment is growing In 2017, the male contraceptive segment dominated the market both in terms of revenue and unit shipment and is expected to continue its dominance over the global market. However, the female condom segment is also getting popularity and is expected to contribute a significant share of revenue in 2023. Likewise, the latex type contraceptives are the dominating segment in the market. Non-latex types are also gaining popularity and are expected to post a double digit CAGR both in terms of revenue and shipment. Although the online sales channel is set to increase during the forecast period, the retail channel will still have the highest market share. Condom Market: Geographical Analysis APAC to remain the dominant market both in terms of revenue and shipment APAC will remain the largest market both in terms of revenue and shipment followed by North America. APAC was led by China where contraceptives are witnessing a surge in their demand. The market is witnessing a high growth in regional markets such as India, China, Japan, and South Korea, and these devices are also gaining popularity among end-users. The penetration of sexual wellness products in North America remains high, and the market revenue has been increasing steadily. Although the growth of sales of branded condom remains moderate in the region, growing institutional sales is likely to uplift the market revenue in the future. The European market is characterized by high demand for premium condoms. Further, as the sexual wellness market in Europe is likely to grow during the forecast period, and hence the condom market is likely to witness growth in the regionDownload the full report: About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Email: Tel: +44 208 816 85 48 Website:

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