Condom Market Size - By Type (Natural Condom, Synthetic Condoms), By Product (Male Condom, Female Condom), By Sector (Institutional, Non-institutional), Distribution Channel (Retail, Online Platform), & Forecast, 2023 – 2032

Condom Market Size - By Type (Natural Condom, Synthetic Condoms), By Product (Male Condom, Female Condom), By Sector (Institutional, Non-institutional), Distribution Channel (Retail, Online Platform), & Forecast, 2023 – 2032

Condom Market Size

Condom Market size was worth USD 8.6 billion in 2022 and is poised to expand at 8.2% CAGR from 2023-2032, driven by the high prevalence of sexually transmitted diseases (STDs) across the globe. According to the WHO, every day, over 1 million STIs are contracted worldwide.

The increasing awareness about the importance of safe sexual practices has increased the demand for as several means of protection, such as condoms. As per CDC estimates, there were around 1.6 million, 0.7 million, and 1.7 million cases of chlamydia, gonorrhea, and syphilis in the U.S. in 2021. The demand for condoms is significantly rising as they provide reliable barrier that helps reduce the transmission of STDs and unwanted pregnancies. Additionally, the availability of wide range of condom options, including different sizes, materials, and flavors along with the higher focus on sexual wellness and disease prevention will contribute to robust market progression.

The adverse effects from condom materials, such as latex may hinder the market growth to some extent.  Itching, redness, rashes, and hives are some of the common latex allergy symptoms, while severe instances might result in anaphylaxis or difficulties in breathing. Furthermore, condoms coated with spermicidal lubricants and chemicals, including nonoxynol-9 lead to increased contraceptive efficacy; triggering allergies amongst users, affecting the product adoption. 

COVID-19 Impact

The COVID-19 pandemic and its repercussions on the global economy had significant impact on the accessibility, provision, and security of supplies for reproductive, sexual, HIV, and other health. Condoms were not recognized as essential goods, nor were they given adequate consideration in COVID-19 contingency planning. The ability of freight forwarders to plan shipments and deliver condoms to their ultimate destinations was also severely disrupted by the lockdowns of the nations, leading to adverse effect on market revenue.

Condom Market Trends

The market is set to gain momentum attributed to the increasing demand for contraceptives worldwide. Developing economies with large population of individuals in the reproductive age group have paved the path for high demand for contraceptives, further driving the need for addressing the reproductive health requirements. Governments and NGOs in developing economies are taking initiatives to focus on increasing awareness, improving access to contraceptives, such as condoms and intrauterine devices, and providing counseling and healthcare services. For instance, in February 2022, the "Safe Dating" campaign was introduced in Maputo with the goal of educating people about the use of condoms as a means of preventing STIs and unintended pregnancies. Hence, increasing access to contraceptives will augment the market outlook.

Condom Market Analysis

Natural condom market accounted for over 93% of revenue share in 2022 and is expected to gain significant traction from 2023-2032. The increasing preference for organic and eco-friendly products has made way for the rising demand for condoms made from natural materials, such as latex derived from sustainable sources. Latex condoms have been extensively studied and proven to be highly effective and are compatible with both water-based and oil-based lubricants, offering versatility in personal lubrication choices, contributing to the market development.

Male condoms market is estimated to witness considerable growth and reach over USD 17 billion by 2032. The rising demand for male condoms can be ascribed to their increasing popularity as one of the most effective forms of contraception when used correctly and consistently. The reliability, affordability, ease of use and effectiveness of male condoms make them a popular choice among users. Additionally, the rollout of favorable government initiatives will influence market growth. For instance, in December 2022, the President of France declared that condoms will be available for free at pharmacies for everyone aged below 25.

Condom market size from the retail segment recorded substantial growth in 2022 and is estimated to reach over USD 6 billion by 2032. Retail outlets, including pharmacies, supermarkets, adult shops, and convenience stores serve as essential channels for condom sales and distribution. Such stores typically have dedicated sections or shelves specifically for sexual health products, that include various brands and different types of condoms. The widespread presence of retail stores with a variety of condoms to allow customers to purchase conveniently and discreetly will also support the segment expansion.

North America held considerable share of the condom market in 2022 and is anticipated to reach over USD 1.5 billion by 2032 owing to the rise in incidences of STIs. Of late, the LGBTQ+ community across the region has been instrumental in promoting the use of condoms and safe sex practices, adding to the product demand. Moreover, the presence of major condom manufacturers, innovative product offerings, easy availability of condoms at retail stores, and the endorsement of safe sex by healthcare professionals and organizations will propel the regional market trends.

Condom Market Share

Some of the leading companies operating in the condom market include

• Mankind Pharma
• Humanwell Group
• Reckitt Benckiser Group
• Church & Dwight
• FUJILATEX
• Okamoto Industries
• Veru Inc.
• Ansell Limited
• Karex Berhad
   

Condom Industry News

• In April 2023, Veru. formed a strategic alliance with Afaxys Group Services, LLC to commercialize and distribute its FC2 Female Condom via AGS Group Purchasing Organization. By entering new regions and broadening its consumer base, the firm was able to improve its revenue-generating operations.
   

Condom market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in (USD Million) and volume (units) from 2018 to 2032, for the following segments

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By Type, 2018 - 2032 (USD Million & Units)

• Natural Condom
• Synthetic Condom

By Product, 2018 - 2032 (USD Million & Units)

• Male Condoms
• Female Condoms

By Sector, 2018 - 2032 (USD Million)

• Institutional
• Non-institutional

By Distribution Channel, 2018 - 2032 (USD Million)

• Retail
• Online Platform
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • Sweden
  • The Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Vietnam
  • Malaysia
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
  • Peru
  • Chile
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • Israel
  • Iran
  • Nigeria
  • Kenya