Condoms are pertaining to a skinny pouch that keeps spermatozoon from going into the duct. There are 2 styles of condoms like male and feminine condoms. the bar is that the cornerstone of the response to AIDS. Condoms are associate degree integral and crucial a part of the absolute bar and care programs, and their promotion should be accelerated. Moreover, the expansion within the adoption rates of contraceptive products among shoppers over the world is supplying the demand for condoms. moreover, raising consciousness through government initiatives, related to comprehensive sex teaching programs to beat the prevalence of sexually transmitted diseases, is popping the market growth over the world. In 2018, as per the information printed by the Public Health European nation, there have been around 448 thousand cases of STIs diagnosed, of that forty-ninth were chlamydia.
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The analysis reports on the Global Condom Market 2021 cowl all the big regions, not simply the tiny regions around the world. The report centered on market size, value, product sales, and growth opportunities within the region. additionally, to provide valuable insights into customers and industries, marketing research conjointly analyzed fight. Such knowledge can beyond any doubt not solely create enlargement however also will assist you to arrange your strategy to penetrate the market.
Top Participants are included in this Condom Market report:
Reckitt Benckiser Group PLC.,Humanwell Group,Church & Dwight,Karex Berhad,Fuji Latex Co. Ltd,Cupid Limited,Okamoto Industries Inc.,Veru Inc.,Mankind Pharma,Mayer Laboratories Inc.,and others
COVID-19 Impact Analysis of Condom Market
The unprecedented COVID-19 pandemic has triggered large-scale anxiety, but it also increased intimacy among couples who were caught up in their busy lives, could not find time to be with each other. Thus, while the demand for food supplies, masks, and medicines rose, so did the demand for condoms and pills. However, a global scarcity of condoms is emerging, as the COVID-19-related lockdown forced companies to shut down production. Besides condoms, the supply of contraceptive drugs is also anticipated to be affected owing to the pandemic, as pharmaceutical giants in India and China were forced to close their factories. Shutdowns in Southeast Asia, where some of the global major condom producers are located, have caused a rapid interruption to the supply in the market.
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The Condom Market report concludes with comprehensive details on the enterprise operations and financial arrangement of leading vendors in the Condom Market report, Summary of important trends in the past and are in accounts that are reported to be good for companies searching for venture businesses in the market. Information about the marketing channels and vendors in the forex market was provided here. This study serves as a rich guide for players and new players on the marketplace.
Condom Market Segmentation:
In market segmentation by Material Type, the Condom Market report covers:
Latex And Non-Latex
In market segmentation by Product Type, the Condom Market report covers:
Male Condoms, Female Condom
In market segmentation by End-Users, the Condom Market report covers:
Men,Women
In market segmentation by Distribution Channels, the Condom Market report covers:
Pharmacies And Drug Stores,Hypermarkets/ Supermarkets,Convenience Stores,Online Retail Stores,Others
Segmentation Insights
By Type, the latex segment led the market and was valued at USD 6,696.61 million in 2020. The non-latex segment remained the fastest-growing segment and is likely to witness a high CAGR during the forecast period. In addition, due to the better tensile strength, tear resistance, and resilience, the latex condoms segment dominated the condom market, and latex remains the predominantly used raw material for the manufacturing of male condoms.
By End-User, the men segment led the market and was valued at USD 7,884.24 million in 2020. The women segment remained the fastest-growing segment and are likely to witness a high CAGR during the forecast period. The demand for condoms among male consumers globally witnessed a surge over the past few years, especially in developing countries.
By Distribution Channel, the pharmacies and drug stores segment led the market and was valued at USD 3,415.13 million in 2020. The online retail store segment is projected to witness the highest CAGR during the forecast period. Supermarkets/hypermarkets have always maintained a strong lead in the sales share of the condoms market. The proximity factor of these channels, especially in developed large cities, provides them with an added advantage of influencing the consumer's decision to purchase the large variety of products available in the market.
Regional Segmentation of Condom Market:
- North America
- Asia Pacific
- Europe
- Middle East & Africa
- Latin America
Regional Insights:
By geography, the market is dominated by Asia-Pacific, and it was valued at USD 4,533.50 million in 2020. The rise in the adoption rates of contraceptive products in the majority of the developing countries of the region is boosting the condom market in the Asia-Pacific region. Growing awareness through government initiatives and comprehensive sex education programs to reduce the prevalence of sexually transmitted diseases are driving the market growth across the region.
The US condom market is highly influenced by the rising demand for premium condoms. Additionally, the growth in sales of sexual wellness products in this region is likely to support the growth of the condom market during the forecast period.
In Europe, the Rise in sexually transmitted diseases, increased government and nongovernmental efforts, product innovation, and sturdy and robust distribution channels contributed to the condom market's growth in the region. It is anticipated to continue in the projected period.
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Global Condom Market report provides a 360-degree view of the market for instance, advanced technologies, key drivers, regulatory and future trends for short to medium term and long-term forecast period. This report studies market size, industry conditions and forecasts, competitive landscape and growth opportunities which can help clients in analyzing the industry from every angle.
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Key Industry Developments In Condom Market
1. In July 2020, Trojan introduced the latest XOXO, which characteristics packaging innovation including a discreet, mini travel pack that can contain up to two condoms for added convenience while carrying on the go.
2. In June 2019, LifeStyles launched its thinnest latest material type condom to date under its name's sake brand. The Ultra-Sensitive Platinum condom of LifeStyles is 52% thinner than normal condoms.
3. In April 2018, Durex introduced the flavor-based condom trend with the Durex Kohinoor product line available in different flavors such as Meetha Pan, Kaala Khatta, Silky Chocolate, Juicy Strawberry, and Kaala Khatta.
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