CONDOM MARKET ANALYSIS

Condom MarketSize and Trends

Global Condom Market Outlook:

• Asia Pacific is the dominant region in the global condom market. Asia Pacific comprises of economies with largest population such as China, India, and Indonesia, which in turn contributes to growth of the global condom market in the region. China has a large market for condom manufacturing and brand enterprising. According to China National Centre for STD/AIDS Prevention and Control, in 2014, around 501,000 people suffered from HIV, from which around 21000 people die of the disease. The government of China has supported efforts to prevent the spread of AIDs and sexually transmitted diseases. This boosts growth of the market in China. Increasing awareness about sexually transmitted diseases, family planning campaigns, and brand advertisements are some of the major drivers expected to fuel growth of the condom market in Asia Pacific over the forecast period.
• North America accounts for a major share in the condom market. The U.S., Canada, and Mexico are major economies in manufacturing condom. According to study conducted by Centre for Disease Control and Prevention (CDC) between the year 2012 to 2014, the most popular form of contraception in the U.S. is condom, with its use recorded to be higher among the age group of 15 years -19 year, than 33 years - 44 years age group. Despite the increased use of condoms, the STIs rate is rapidly increasing. Over 4.5 hundred million condoms are sold annually in the U.S. Governments and high schools are playing an important role in educating students and creating awareness about STIs and contraception.  
• The U.S Agency for International Development (USAID), has centrally financed female and male condoms as per the U.S. President’s Emergency Plan for AIDS Relief (PEPFAR). This enables several economies to make condoms available to vulnerable and poor individuals for highly subsidized prices. Over 770 million female and male condoms are provided to 37 economies in USAID’s Asia, Latin America, and Africa.

Condom Market Key Developments:

• In January 2016, Reckitt Benckiser Group PLC acquired Hypermarcas' Brazilian condom and lubricants business. Hypermarcas is a major Brazilian condom manufacturer which owns three brands - Jontex, Olla, and Lovetex. The acquisition helped the company in transforming the sexual wellbeing category in Brazil, which will further include strong innovation, and brand equity investment.
• In June 2019, Okamoto launched VivaGel condom in Japan. This was Japan’s first condom with an antiviral coating coupled with providing barrier protection and incorporating the proprietary compound, astodrimer sodium (SPL7013) in the condom lubricant. This product launch is expected to help the company in gaining a higher market share in the Japanese condom market.
• In June 2018, Thai Nippon Rubber Industry Public Company Limited, a manufacturer and seller of natural latex rubber condoms and lubricants acquired the exclusive global license to manufacture and distribute Playboy-branded condoms and lubricants from Playboy Enterprises International, Inc. This acquisition is expected to expand the company’s product portfolio in the U.S. and Europe.