Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.01 Billion | USD 12.61 Billion | 10.8% | 2023 |
According to a report from Zion Market Research, the global Condom Market was valued at USD 5.01 Billion in 2023 and is projected to hit USD 12.61 Billion by 2032, with a compound annual growth rate (CAGR) of 10.8% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Condom Market industry over the next decade.
A condom is a fine barrier usually made up of rubber or polyurethane (plastic) used to avoid sexually transmitted infections and diseases such as HIV which may lead to AIDS and Hepatics during sex. It also stops sperm transform which helps to avoid pregnancy. By using condom partners share responsibility for safer sex and contraception. There are different types of condoms available in the market such as male and female condoms with the variety of features and flavors. A male condom fits over a man’s erected penis while female condom can be put into the vagina.
Condom is used during sexual intercourse for avoiding unwanted pregnancy and reducing chances of sexually transmitted diseases such as human immunodeficiency virus (HIV). Condoms available in the market are for both male and female genders. Condoms are made from polyurethane, rubber or polystyrene. Condom acts as barrier during sexual intercourse and benefit in stopping sperm from fertilizing the egg.
Growing prevalence of sexually transmitted diseases and infections has led to an increase in consumer awareness regarding use of condoms during sexual intercourse. This has been increasing, contributing to the growth of the condom market. Increasing consumer emphasize on avoiding unwanted pregnancy has also been crucial for driving the consumption of condoms among millennials.
Condom market in the United States has been triggered by increasing public awareness about sexually transmitted diseases among young generations. Millennials are increasing being aware of sexually transmitted diseases and are keen on avoiding such transmissions to maintain wellbeing. According to Centers for Disease Control and Infection, there has been an increase in the number of individuals suffering from sexually transmitted diseases in the United States. Such increase has been fueling the demand for condoms in U.S.
The increase in young population in U.S. has led to an increase in the number of individuals having sexual intercourse. Rise in the number of individuals engaged in sexual intercourse has driven the demand for condoms among males and females. Young people have been cautious about avoiding unwanted pregnancy at young age and before marriage, which has been triggering the condom market growth. Further, there has also been growth in the demand for female condoms as growing number of females are becoming aware of condoms to prevent STDs and pregnancy.
Condom market is expected to witness significant growth due to the increasing awareness regarding sexually transmitted diseases (STD) and HIV.The major driving factor for condom market is benefits of the condom as contraception. As compare to other contraceptive option for pregnancy and sexually transmitted diseases (STD) condom has more chances to protect the user against STIs including HIV.It is easily available, easy to use and do not possess any side effect which is expected to show a positive impact on condom market. However, some restraints like lack of awareness associated with the product may hinder the growth of this market.Condoms also decrease the risk of syphilis, herpes and wart virus infection, but sometimes part of skin not covered by the condom can get infected with these viruses. Therefore it is very important to wear a condom properly for a better result.
Report Attributes | Report Details |
---|---|
Report Name | Condom Market |
Market Size in 2023 | USD 5.01 Billion |
Market Forecast in 2032 | USD 12.61 Billion |
Growth Rate | CAGR of 10.8% |
Number of Pages | 105 |
Key Companies Covered | TTK Group, Graphic Armor LLC, Sagami Rubber Industries, Ansell Healthcare LLC, Church & Dwight, and Reckitt Benckiser Group |
Segments Covered | By Product, By Distribution Channel and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
In terms of products, the male segment dominated the U.S. condom in 2020, accounting for a market share of nearly 95%. Male condoms have been largely used by adults to prevent STDs and pregnancy and have been a popular choice among male consumers, which is attributable to boosting condom market growth. Further, easy availability of male condoms in clinics, drugstores, supermarkets, and hypermarket is also expected to drive the male condom market in United States.
Female condom segment is predicted to grow at the fastest growth rate pertaining to rising awareness about sexual health and wellness. Female condoms have gained traction among females as these ensure safe sexual intercourse and helps in preventing pregnancy, which has been contributing to the growth of the female condom market in U.S.
Based on distribution channels, the commercial outlets segment constituted a significant market share in the U.S. condom market in 2019. One of the factors triggering the demand for condoms is easy availability at commercial outlets, which encourages consumers in opting for different types of condoms. Further, consumers are looking for new products that can enhance their sexual intercourse experience. Commercial outlets have been used by companies to promote new products that can attract new customers. Such trend is likely to contribute to the condom market in U.S.
Some of key players in condom market are:
The use of condoms made from Isoprene Rubber Latex has been shown to reduce both the birthrate and the spread of STDs. As a result of increased manufacturing of condoms and medical gloves, the Asia-Pacific region has become the world's largest market.
By Product
By Distribution Channel
FrequentlyAsked Questions
The U.S. Condom market was valued at USD 5.01 Billion in 2023.
The U.S. condom market is expected to reach USD 12.61 Billion by 2032, with a CAGR of around 10.8% between 2024-2032.
Condom market in the United States has been triggered by increasing public awareness about sexually transmitted diseases among young generations. Millennials are increasing being aware of sexually transmitted diseases and are keen on avoiding such transmissions to maintain wellbeing. According to Centers for Disease Control and Infection, there has been increase in the number of individuals suffering from sexually transmitted diseases in United States. Such increase has been fueling the demand for condoms in U.S.
Some of key players in condom market are TTK Group, Graphic Armor LLC, Sagami Rubber Industries, Ansell Healthcare LLC, Church & Dwight, and Reckitt Benckiser Group.
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