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2020-09-01
763
Global
The advent of innovative designs, the popularity of female condom and the increased effect of the internet on consumers purchasing behavior are the latest trends that are expected to shape the market positively over the next few years. More people are turning to the organized market owing to the convenience of buying through e-commerce stores that led to the growth of online stores. The global condom market is expected to grow at a CAGR of 8.5% during the forecast period of 2017-2030. Choice of the apt distribution channel and effective advertising strategies, vendors are focusing to lure a supreme level of consumers in the condom market. Sexually transmitted infection (STI) continues to spread like wildfire with 1 million cases worldwide every day and the presence of untreated STI increases the odds of HIV acquisition leading to AIDS transmission by up to 10 times.
Resistance to AIDS drugs has been observed over the years thus, condoms will continue to play its essential role in preventing STI and HIV transmissions and average condom usage of 4.9 condoms per person each year i.e. fairly low usage rate, signifying ample room for demand growth of this market. In addition, the proliferation of the internet is making online stores the fastest-growing distribution channel in the global condom market. For instance, online retail platforms like Amazon, eBay, Topco Sales, Lovehoney, and Ann Summers propose a comparative analysis of various categories and brands of condoms to attract a larger consumer base. The paucity of funds due to the cultural taboo factor and ambiguous legal issues, investors stall to invade into the industry which also makes it tough to sustain and bloom the business in such a compact market. In addition, lack of sex-positive education and awareness is one of the biggest challenges condom companies face in the market.
By Product Type
In 2017, the male condom dominated the global condom market and acquires the market share of 67.5%. However, the female condom segment is also getting popularity and is expected to contribute a significant market share by 2025.
By Material
In 2017, the latex segment dominated the market both in terms of revenue and unit shipment owing to fact that 90% of all the condoms manufactured are latex and its outstanding elasticity properties. Non-latex types are also gaining popularity on the account of a good alternative for the people who are allergic to latex.
By Distribution Channel
Online websites are the fastest-growing distribution channel but the retail channel will still have the highest market share in the global condom market and growth in online sales is projected to increase by over 8.5% year on year. For instance, prominent retailers such as Sear's, Wal-Mart, Tesco, and Sainsbury’s are focusing on offering different products through their online channels to gain a larger market share.
By Manufacturing Type
OBM products deliver better margins than original equipment manufacturer (OEM) products; however, OEM’s dominated the market in 2017. With the recent proposed move of acquiring Global Protection Corp (GP), the leading distributor of ONE brand condom, Karex is poised for a strong growth in the own brand manufacturing (OBM) segment.
By End User
Consumer held the largest market share in 2017 and tends to grow at the substantial rate in the forecast period. Institutional buyers such as USAID, UNFPA, Bill & Melinda Gates Foundation, and PSI are important growth boosters for the market in North America.
By Geography
APAC acquires the major share in the global condom market in 2017 with more than 37.8% of the market share in terms of revenue and shipment followed by North America. The market is witnessing high growth in regional markets such as India, China, Japan, and South Korea and an increase in the popularity of innovative condom are also gaining popularity among end-users.
By Product Type
By Geography
The report covers the present ground scenario and the future growth prospects of the condom market for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players worldwide. Global Condom Market Outlook is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.
Global Condom Market Report 2017-2030, has been prepared based on in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the condom market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Condom Market Analysis Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.
The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Condom Market " along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Our Global Condom Market Research comprises of the following companies as the key players:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
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