high growth of e-commerce platforms is driving the Condom Market
Technavio analyzes that the Condom Market is expected to grow at a CAGR of 10.62% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 6227.3 million.There are various factors that contribute to the growth of the market. The condom market is experiencing significant growth, particularly in the e-commerce sector. Consumers are increasingly turning to online platforms for convenience and discretion. E-commerce sales of condoms have seen a steady rise, with major players investing heavily in digital marketing and logistics to cater to this demand. This trend is expected to continue, as more consumers embrace the ease and accessibility of purchasing condoms online.
In the condom market, mass merchandisers, comprising specialty stores, brand-owned outlets, multi-brand stores, hypermarkets, supermarkets, convenience stores, clubhouse stores, and department stores, are experiencing significant growth. This expansion is driven by the increasing consumer consciousness regarding sexual health and the availability of various condom types, such as Male and Female, Latex and Non-latex, in these establishments. Merchandisers are broadening their product offerings to include related categories, including contraceptives, personal lubricants, vibrators, and sexual enhancement supplements. To boost sales through traditional channels, these merchandisers are expanding their retail presence in local and regional markets.
Know which region is leading the market growth by requesting a sample report
Condom Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
Find out what is trending in the market by accessing the free PDF report
The condom market encompasses various health care products, including Male and Female condoms, available on online platforms and e-commerce sites. Dating apps and social media have expanded sales channels. Hormonal imbalances, pregnancies, HIV, and STIs drive demand for contraceptives. Policies and governments play a role in distribution, particularly for HIV-positive people requiring antiretroviral medicine. Latex and non-latex condoms cater to diverse user needs. Drug stores and e-commerce dominate sales in the Male category. Young people, STI epidemics, and unintended pregnancies fuel market growth. Public awareness campaigns and sex education are crucial for effective use.
The global market for health care products encompasses various sectors, including condoms, which are classified under personal care items. This market involves research and development (R&D) and production of health and beauty care products, such as cosmetics, perfumes, masks, sex toys, hair wigs and extensions, polarized sunglasses, and hormonal imbalance treatments like oral pills. Technavio estimates the size of the global household and personal care products market based on the consolidated revenue generated by manufacturers. Key growth drivers for this market include the increasing disposable income, leading to higher expenditure on luxury and lifestyle-related products, as well as the proliferation of online platforms, e-commerce websites, dating apps, and social media, which facilitate easy access to these products.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/