Wednesday 7 August 2019

Condom Market Future Trends, Revenue Growth, Profitability & Leading Players, Forecast to 2026

The global condom market size is expected to reach USD 15.1 billion by 2026, based on a new report by Radiant Insights, Inc., exhibiting a CAGR of 8.5% over the forecast period. Launch of new products and innovative packaging & promotional activities by international & local brands are expected to boost the market during the forecast period.

For instance, in November 2018, Reckitt Benckiser's Durex brand introduced a new label "Feels" in South Africa. This range was made available at a lower cost as compared to other products offered by the company. Feels is sold at USD 0.71 in a pack of three, whereas Durex Fetherlite is sold at USD 2.83.This was a strategic move by the company to gain a higher share of the South African market, as public health organizations offer condoms free of cost in the country.

Social media plays a significant role in creating awareness about these products. Moreover, a condom is not only perceived as an economical method of contraception, but is also in demand as a product to improve sexual health. Variations in texture, flavor, and thickness of products available in the market help couples enhance their sexual experience.

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Condom Market

Further key findings from the report suggest:
• Latex condoms held the largest share in 2018 owing to safety and flexibility provided by natural rubber used to make condoms.
• Currently, latex products have a higher market share as these can be used with lubricants and sex toys, which makes them the preferred choice of customers
• In the product segment, male condoms held a significant share in 2018. However, there is substantial demand for female condoms in developed as well as developing nations
• The e-commerce distribution channel is expected to exhibit fastest growth during the forecast period due to increasing adoption of Internet & social media platforms for promoting safe sex
• On the basis of geography, Asia Pacific held the largest condom market share in 2018 and is expected to maintain its position during the forecast period
• In April 2017, AIDS Healthcare Foundation (AHF) with the health ministry of India announced the country's first free store under the name Love Condoms, as an initiative aimed at reducing HIV infections
• African countries such as Nigeria have a high unmet need. According to the AHF, in 2019, Nigeria has a deficit of 564 million and offered to distribute 600,000 condoms across the country.
• Some of the key players are Church & Dwight Co., Inc.; Reckitt Benckiser Group plc; Karex Berhad;Fujilatex Co., LTD.;LELO; LifeStyles Healthcare Pte Ltd.; Mayer laboratories, Inc.; Okamoto Industries, Inc.; Cupid Limited; andVeru, Inc.

Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/condom-market

Table of Contents

Chapter 1. Methodology and Scope
1.1 Market Segmentation & Scope
1.1.1 Material type
1.1.2 Product
1.1.3 Distribution channel
1.1.4 Regional scope
1.1.5 Estimates and forecast timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased database
1.3.2 GVR's internal database
1.3.3 Secondary sources
1.3.4 Primary research
1.3.5 Details of primary research
1.4 Information or Data Analysis
1.4.1 Data analysis models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity flow analysis
1.6.1.1 Approach 1: Commodity flow approach
1.6.2 Volume price analysis
1.6.2.1 Approach 2: Volume price analysis
1.7 List of Secondary Sources
1.8 List of Abbreviations
1.9 Objectives
1.9.1 Objective 1
1.9.2 Objective 2

Chapter 2. Executive Summary
2.1 Market Outlook
2.2 Segment Outlook

Chapter 3. Market Variables, Trends, & Scope
3.1 Market Lineage Outlook
3.1.1 Parent market outlook
3.1.2 Ancillary market outlook
3.2 Market Segmentation
3.2.1 Analysis
3.3 Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 Increasing prevelance of HIV and STD
3.3.1.2 Favorable government initiatives to curb global population
3.3.1.3 Increase in penetration of online retailers
3.3.1.4 Changing consumer attitude
3.3.2 Market restraint analysis
3.3.2.1 Social stigma in developing countires
3.3.2.2 Side effects from materials used in condoms
3.3.3 Industry opportunities
3.4 Penetration & Growth Prospect Mapping
3.4.1 Penetration & growth prospect mapping analysis
3.5 Business Environment Analysis Tools
3.5.1 Porter's five forces analysis
3.5.2 Pestel analysis
3.5.3 Major deals & strategic alliances analysis
3.5.3.1 Mergers & acquisitions and joint ventures
3.5.3.2 Licensing & partnerships and technology collaborations

Chapter 4. Condom Market: Material Type Analysis
4.1 Condom Material Type Market Share Analysis, 2018 & 2026
4.2 Condom Material Type Market: Segment Dashboard
4.3 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the Material Type Segment
4.3.1 Latex
4.3.1.1 Latex condom market, 2015 - 2026 (USD Million)
4.3.2 Non-Latex
4.3.2.1 Non-latex condom market, 2015 - 2026 (USD Million)

Chapter 5. Condom Market: Product Analysis
5.1 Condom Product Market Share Analysis, 2018 & 2026
5.2 Condom Product Market: Segment Dashboard
5.3 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the Product Segment
5.3.1 Male condoms
5.3.1.1 Male condoms market, 2015 - 2026 (USD Million)
5.3.2 Female condoms
5.3.2.1 Female condoms market, 2015 - 2026 (USD Million)

Continued…

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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.


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