Dublin, June 03, 2021 (GLOBE NEWSWIRE) – The “global condom market by type of material (latex and non-latex), by distribution channel (pharmacies, supermarkets and e-commerce), by product (male and female condoms) condoms), by Regional Outlook, Industry Analysis Report and Forecast, 2021-2027 “has been added to ResearchAndMarkets.com offer.
The global condom market size is expected to reach $ 17.1 billion by 2027, with the market growth of 9.5% CAGR during the forecast period. Condoms are considered the most effective method of contraception. By using condoms, the risks of various sexually transmitted diseases (STDs) can be reduced to a great extent. Thus, the two main catalysts for condom demand and growth are contraception and STD prevention. In addition to this, the market is mainly driven by men-based products, but women-based products have started to gain traction in recent years. Indeed, women are increasingly aware of the side effects of birth control pills which are used to prevent pregnancy but can deteriorate their health.
Additionally, uptake of the product should be fueled by awareness of the danger of HIV infection that could be spread by sex workers. For example, according to the UNAIDS 2020 Global HIV and AIDS Statistics, sex workers are 30 times more vulnerable to HIV infection. Therefore, the growth and adoption of these products is likely to increase due to the growing awareness of contraceptives.
Impact of COVID-19
Demand for public health products has increased dramatically due to lockdown restrictions that have forced people to stay at home during the COVID-19 pandemic. However, the pandemic has posed problems such as low accessibility and low supply of sexual wellness products due to strict restrictions on manufacturing units and the importation of non-essential products around the world. Thus, the United Nations Population Fund (LINFPA) proposed a summary in its brief published in April 2020 “Condoms and lubricants in the time of COVID-19”. He explained the essential steps that need to be taken to continue the supply of these commodities during the pandemic scenario to ensure unwanted pregnancies and address concerns about unprotected sex during the lockdown.
Based on the type of material, the market is segmented into Latex and Latex Free. The latex segment got the maximum revenue share in 2020. This is due to the high availability and low cost of the product. Most sexual wellness brands offer latex condoms because they are 82-98% effective. These condoms are considered to be more flexible and durable, provide contraception, and help prevent STDs.
Distribution channel outlook
On the basis of the distribution channel, the market is segmented into pharmacies, supermarkets and e-commerce. Customers strongly prefer pharmacies for the purchase of condoms; Therefore, the segment acquired the largest share of revenue in 2020. Factors such as high availability and easy access to pharmacies are responsible for the growth of this segment.
On the basis of the product, the market is segmented into male condoms and female condoms. In 2020, the male condom segment recorded the highest revenue share. This is due to the fact that most of the major players operating in the global condom market are focused on manufacturing products for men. There is a wide availability of various types of contraceptives for men and therefore they are mainly adopted during sex to avoid fatal diseases like STIs and HIV.
On the basis of regions, the market is segmented into North America, Europe, Asia-Pacific and Latin America, Middle East and Africa. On the basis of region, the global condom market was dominated by Asia-Pacific in 2020. This is due to the increasing demand for the product in countries like India, China and Japan as these countries have a huge population. In addition, the governments in power in these countries are taking various supportive initiatives in order to control the burgeoning population and the increasing rates of STDs and HIV, thus increasing the demand for condoms.
The market research report covers the analysis of the major players in the market. Major companies featured in the report include Karex Berhad, Reckitt Benckiser Group PLC, Church and Dwight Co., Inc., LELO AB, Lifestyles Healthcare Pte. Ltd., Veru, Inc., Mayer Laboratories, Inc., Okamoto Industries, Inc., Cupid Limited and Fujilatex Co., Ltd.
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Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 3. Global Condoms Market by Material Type
3.1 Global Latex Market by Region
3.2 Global Latex Free Market by Region
Chapter 4. Global Condoms Market by Distribution Channel
4.1 Global Pharmacies Market by Region
4.2 Global FMCG Market by Region
4.3 Global Electronic Commerce Market by Region
Chapter 5. Global Condoms Market by Product
5.1 Global Male Condom Market by Region
5.2 Global Female Condom Market by Region
Chapter 6. Global Condom Market by Region
6.1 North America Condom Market
6.2 European condom market
6.3 Asia-Pacific Condom Market
6.4 LAMEA condom market
Chapter 7. Company Profiles
7.1 Karex Berhad
7.1.1 Company overview
7.1.2 Financial analysis
7.1.3 Sector and regional analysis
7.1.4 Strategies and recent developments:
22.214.171.124 Product launches and product extensions:
7.2 Reckitt Benckiser Group PLC
7.2.1 Company overview
7.2.2 Financial analysis
7.2.3 Sectoral and regional analysis
7.2.4 Research & Development costs
7.3 Church and Dwight Co., Inc.
7.3.1 Company overview
7.3.2 Financial analysis
7.3.3 Segmental analysis
7.3.4 Research and development costs
7.4 LELO AB
7.4.1 Company overview
7.5 Lifestyles Healthcare Pte. Ltd.
7.5.1 Company overview
7.5.2 Strategies and recent developments:
126.96.36.199 Product launches and product extensions:
7.6 Veru, Inc.
7.6.1 Company overview
7.6.2 Financial analysis
7.6.3 Sector and regional analysis
7.6.4 Research and development costs
7.7 Mayer Laboratories, Inc.
7.7.1 Company overview
7.8 Okamoto Industries, Inc.
7.8.1 Company overview
7.8.2 Financial analysis
7.8.3 Segmental analysis
7.8.4 Recent strategies and developments:
188.8.131.52 Partnerships, collaborations and agreements:
7.9 Cupid Limited
7.9.1 Company overview
7.9.2 Financial analysis
7.10. Fujilatex Co., Ltd.
7.10.1 Company overview
For more information on this report, visit https://www.researchandmarkets.com/r/kj3z3i
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