DUBLIN–(BUSINESS WIRE)–The “Condom Market – Global Outlook and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
Latex condoms are expected to reach a revenue of approx. USD 10 billion by 2026.
The global condom market by value is expected to grow at a CAGR of over 9% during 2020-2026
KEY QUESTIONS ANSWERED:
- How big is the condom market?
- How many condoms are sold in 2020?
- Which segment accounted for the largest condom market share?
- Which factors are expected to drive the adoption of contraceptive products?
- What is the size of the condom market in India?
Condoms are the most widely used contraceptive product globally, with sales of more than 35 billion units in 2020. Factors such as increased demand from developing markets, the introduction of innovative variants such as flavored condoms, and increased marketing and visibility of these products online have contributed to the growth of the global condom market.
GLOBAL CONDOM MARKET SEGMENTATION
In 2020, the male condom segment dominated the market with a share of over 98% and 99% by revenue and unit shipments, respectively. The significant factors that influence the growth of the male contraceptives industry are high sexual activeness among males, ease of use and high availability, prevention of sexually transmitted diseases and infections, and cost-efficiency. Moreover, these protective devices have evolved to improve their functionalities over the decades.