
Condom Market Exploration: Future Trends and Growth Forecast
Market Overview:
According to Fortune Business Insights, the global condom market was valued at USD 5.79 billion in 2024. It is projected to grow to USD 6.35 billion in 2025 and reach USD 13.23 billion by 2032, registering a compound annual growth rate (CAGR) of 11.1% during the forecast period.
North America led the market in 2024, holding a dominant share of 35.41%. In the United States, the condom market is expected to experience substantial growth, with an estimated value of USD 3.61 billion by 2032. This growth is primarily driven by a well-educated population and increasing awareness of birth control, both of which contribute to rising product demand.
There has been a growing awareness regarding the maintenance of sexual wellbeing. The product demand is slated to rise in Central Europe considering the increasing significance of safe practices and supportive government policies.
List of Key Players Mentioned in the Report:
- LTC Healthcare (U.K.)
- Urgo Group (France)
- Laboratoire POLIDIS (France)
- Pasante Healthcare Ltd. (U.K.)
- ProVi Swiss GmbH (Switzerland)
- Ritex GmbH (Germany)
- FAIR SQUARED GmbH (Germany)
- Terpan Prevention (France)
- Ansell Limited (Australia)
- Reckitt Benckiser Group plc (U.K.)
To get to know more about this market, please visit: https://www.fortunebusinessinsights.com/condom-market-104519
Segmentation:
Female Condoms Segment to Depict the Highest CAGR Due to Growing Emphasis on Women Empowerment
By type, the market is fragmented as female condoms and male condoms. Of these, the female condoms segment is anticipated to expand at the highest CAGR over the study period. The surging product demand as it offers more control to females over their reproductive health is being driven by the escalating emphasis on women empowerment in Central Europe.
Latex Segment Held Major Share Owing to Wide Adoption in Product Manufacturing
On the basis of material, the market is subdivided into non-latex and latex. The latex segment recorded a prominent market share. This is due to the extensive usage of the material in product manufacturing considering its efficiency in preventing STI (sexually transmitted infections) transmission.
Drug Stores/Pharmacies Segment Accounted for Key Share Driven by their Extensive Penetration in Urban and Suburban Areas
By distribution channel, the market is segregated into online retail stores, mass merchandisers, drug stores, and others. The drug stores/pharmacies segment registered a major Central Europe condom market share in 2022. This can be attributed to the convenience of product purchase from these establishments given their wide penetration in urban and suburban areas.
Based on geography, the Central Europe market for condoms has been studied across Poland, Austria, Hungary, Romania, and the rest of Central Europe.
Report Coverage:
The report provides an insight into the prominent factors that are poised to boost the industry expansion in the region. It also delves into the key market trends and gives an analysis of the market scenario on the basis of various segments. These comprise type, material, distribution channel, and geography.
Drivers and Restraints:
Market Value to Rise with Escalating Sexual Health Awareness
There has been a surging awareness regarding sexual health and safer practices among communities in the region. This has been instrumental in driving product demand, boosting Central Europe condom market growth. Additional factor impelling the product adoption is the growing prevalence of STIs in the region.
However, the tearing issue associated with condoms may affect people’s choice of contraceptives, restraining the industry expansion.
Regional Insights:
Poland Accounted for Major Revenue Owing to Growing Product Usage for Contraception
The Poland market dominated the market in 2022. The dominance of the country is due to the growing product preference as a method of contraception. The product demand is propelled by the presence of favorable regulatory policies.
Hungary is set to witness a strong CAGR owing to favourable health and socioeconomic factors.
Ask our Expert: https://www.fortunebusinessinsights.com/enquiry/consulting-services-forms/condom-market-104519
Competitive Landscape:
Companies Launch Product Awareness Campaigns to Bolster Market Share
Key industry players are focused on the launch of product awareness campaigns to increase their market share. Some of the other adopted strategies include participation in international events focused on healthcare and rising emphasis on the achievement of safety standards.
Key Industry Development:
- March 2023: Durex, a U.K.-based condom brand, launched Durex Real Feel, its new range of non-latex condoms featuring a polyisoprene material.
- May 2022: Jems, a U.S.-based condom company, launched vegan condoms with two ingredients protection, natural latex and 100% silicone lubricant for the Canada and U.S. markets.
- June 2021: LOLA and Him & Hers, U.S.-based health & wellness brands, partnered with DoorDash, a California-based technology company, to provide on-demand products such as condoms and lubricants delivered through the DoorDash platform. The partnership expanded the distribution channel for these companies/brands and gave consumers more access to healthcare sexual wellness products.