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Condom Market to Reach $10.97 Billion by 2028; Release of Innovative ‘UltraFeel’ Condoms by ONE Condoms to Strengthen Industry

September 14, 2021 | Consumer Goods

The global condom market size is expected to reach USD 10.97 billion by 2028. The increasing adoption of sexual health products will subsequently propel the healthy growth of the market, mentioned in a report titled, “Condom Market Size, Share & COVID-19 Impact Analysis, By Type (Male and Female), Material (Latex and Non-latex), Distribution Channel (Mass Merchandisers, Drug Stores/Pharmacies, Online Retail Stores, and Others), and Regional Forecast, 2021-2028.” The market size stood at USD 5.31 billion in 2020 and is expected to exhibit a CAGR of 9.4% between 2021 and 2028.


Introduction of New Female condom with Vibe by IXu to Augment Growth


IXu, A Michigan-based company, announced the introduction of female condoms, the latex VA®, with a powerful bullet Vibe, sold together in the new VA Vibe Kit. The Vibe Kit involves a small, powerful reusable Vibe the woman places strategically under the condom's outer rim. It rests tightly against the woman’s most sensitive outer genital region during intercourse. The VA offers the best protection based on its simple proven design, it integrates the most hyped miniature vibrating adult toys, functioning together during use. The powerful reusable (replaceable batteries) provides direct pulse stimulation through Vibe when used with the VA.


Moreover, the VA and Vibe together convincingly provide high orgasm rates for the female partner, states 50-couple User Study conducted by the company. Furthermore, in 2017, IXu LLC has developed the VA w.o.w.® Condom Feminine, a wireless, Bluetooth-enabled prophylactic with miniature vibrating parts embedded in the outer ring - the strategically-located white portion of the heart-shaped outer frame on the open end of a soft latex condom pouch. The introduction of innovative female-based products can have a significant impact on the market growth during the forecast period.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/condom-market-104519


Emphasis on Public Health and Safety by Governments to Fortify Market


The constant efforts of governments for sex education to spread awareness regarding sexually transmitted diseases (STDs) and reduce their prevalence will subsequently aid the expansion of the market. As per UNAIDS Global HIV & AIDS statistics, 2020 fact sheet, about 38.0 million world population was reported to have HIV infection in 2019. The innovative sex education programs and campaigns will simultaneously enable speedy expansion of the market. For instance, ‘The 100% condom use program’ in Asia, several campaigns such as ‘Protect against STIs - Public Health England’ as well as initiatives such as ‘Sexual and Reproductive Health Awareness Week,’ and ‘World Contraceptive Day’ among others. Besides, lower awareness in low-income countries coupled with the unavailability of sexual wellness products in rural areas will dampen the growth of the market.


Introduction of Eco-friendly and Sustainable Products by Major Brands to Intensify Business


The growing focus of players towards novel products with innovative flavors and variations to attract consumers will enable the expansion of the market. Moreover, the increasing emphasis on eco-friendly and safer products for consumers by prominent brands will further improve the prospects of the market. For instance, Ritex, a German manufacturer, used EKOenergy-labelled electricity for its sustainable product range, ‘PRO NATURE.’ Also, the key players in the market are adopting various strategies such as product launches, mergers, and acquisitions to consolidate their position in the market. For instance, in December 2018, ONE Condoms launched new ‘UltraFeel’ product. This is ONE’s thinnest condom that is also provided with a 2ml lubricant pouch.


Notable Development:



  • October 2020: Reckitt Benckiser Group Plc introduced it's newDurex 001’. This is the company’s first PU-based product, which will help expand the company’s product portfolio.


The Report Lists the following Key Players:



  • Reckitt Benckiser Group (Slough, U.K.)

  • LifeStyles Healthcare Pte Ltd (Melbourne, Australia)

  • Caution Wear Corp. (New Hampshire, USA)

  • Church & Dwight Co., Inc. (Ewing, U.S.)

  • Cupid Limited (Nashik, India)

  • Karex Berhad (Selangor, Malaysia)

  • CPR GmbH (Sarstedt, Germany)

  • ONE Condoms (Massachusetts, USA)

  • Sagami Rubber Industries Co., Ltd. (Kanagawa, Japan)

  • Okamoto Industries, Inc. (Tokyo, Japan)


Further Report Findings:



  • Regional Analysis:  The North America's market size stood USD 1.86 billion in 2020 and is expected to hold the largest share during the forecast period due to the high awareness regarding birth control products in the U.S. and Canada. The well-educated population will contribute significantly to the growth of the market in North America.

  • Leading Segment: The latex segment is expected to account for the largest condom market share in the forthcoming years owing to its greater elasticity and potency as compared to non-latex materials such as polyurethane.


The Market is Segmented into:














































  ATTRIBUTE



  DETAILS



Study Period



2017-2028



Base Year



2020



Forecast Period



2021-2028



Historical Period



2017-2019



Unit



Value (USD Billion)



By Type




  • Male

  • Female



By Material




  • Latex

  • Non-latex



By Distribution Channel




  • Mass-merchandisers

  • Drug Stores/Pharmacies

  • Online Retail Stores

  • Others



By Geography




  • North America (By Type, Material, Distribution Channel and Country)

    • USA (By Type)

    • Canada (By Type)

    • Mexico (By Type)



  • Europe (By Type, Material, Distribution Channel and Country)

    • U.K. (By Type)

    • Germany (By Type)

    • France (By Type)

    • Italy (By Type)

    • Spain (By Type)

    • Rest of Europe (By Type)



  • Asia Pacific (By Type, Material, Distribution Channel and Country)

    • China (By Type)

    • India (By Type)

    • Japan (By Type)

    • Australia (By Type)

    • Rest of Asia Pacific (By Type)



  • South America (By Type, Material, Distribution Channel and Country)

    • Brazil (By Type)

    • Argentina (By Type)

    • Rest of South America (By Type)



  • The Middle East and Africa (By Type, Material, Distribution Channel and Country)

    • South Africa (By Type)

    • UAE (By Type)

    • Rest of the Middle East & Africa (By Type)




Global Condom Market
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  • 2020
  • 2017-2019
  • 160

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