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New York, June 4, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announced the release of the report “Condom Market Growth, Trends and Forecasts (2020-2025)”- https://www.reportlinker.com/p06000964/?utm_source=GNW
-Non-governmental organizations and governments are working with condom manufacturers to promote condom use and prevent sexually transmitted diseases by distributing condoms for free or at subsidized prices.
-In addition to sex education and prevention of sexually transmitted diseases, the introduction of innovative condom designs, coupled with innovative packaging styles, and increased marketing and promotional activities are some of the main factors that further promote market growth. There are many types and styles of condoms to choose from, from flavored condoms to ultra-sensitive condoms, such as LifeStyles® SKYN™ condoms.
-The COVID-19 crisis may accelerate trends that are already shaping the market, such as the rise of the global middle class and the use of e-commerce. As home consumers explore retail alternatives, online distributors are increasingly interested. Some sexual health brands and retailers that are preparing to expand their inventory and transportation business report e-commerce sales that are twice the level before COVID-19.
Main market trends
Due to favorable government measures, the use of contraceptive methods has increased
Raising awareness through government initiatives and comprehensive sex education programs to reduce the prevalence of sexually transmitted diseases is driving global market growth. Regional governments are promoting the use of condoms to prevent unwanted pregnancy and prevent HIV/AIDS. In 2017, the Public Health Department of the United Kingdom launched the “Prevention of Sexually Transmitted Infections”, a new campaign aimed at reducing the incidence of sexually transmitted diseases among people aged 16-24 through the use of condoms. In India, free condoms are purchased by the Ministry of Health and Family Welfare and distributed to high-risk groups (HRG) by NACO/SACS through TI’s NGO/ICTC/ART HIV/AIDS Prevention Center. The plan focuses on areas with high prevalence and high fertility rates, with additional emphasis on ensuring condom supply in HRG locations: vulnerable densely populated areas. Similarly, in African countries, the National Department of Health (NDOH) is taking steps to ensure that all communities in South Africa have easy access to male condoms. So as to promote sales.
Asia Pacific dominates the condom market
China is one of the largest condom markets in the world. Chinese authorities have tended to provide condoms for free or at subsidized prices in the past. However, in recent years, the growth of the middle class has created more opportunities for individuals to exercise personal freedom by purchasing high-quality condoms from retail stores at higher prices. These factors are positive for popular condom brands such as Okamoto, which have gained brand recognition in the mid-to-high price range. The increase in condom sales in the country is mainly due to the fact that government authorities supply as many as 100 to 2 billion condoms each year, mainly to support the one-child policy and to prevent the spread of HIV/AIDS by purchasing condoms that are regularly supplied. Condoms produced by local manufacturers and distributed to the public. Another major factor behind the market growth is fierce competition, with more than 200 manufacturers competing mainly on price. International brands differ in product quality. Sales of imported condoms are increasing, most of which are imported from Japan, Thailand and Malaysia.
Competitive landscape
The global condom market is quite consolidated because most of the market is dominated by a few leaders. The market is led by Reckitt Benckiser Group PLC, followed by Humanwell Group & CITIC Capital, Church & Dwight and Okamoto Global. Due to continuous innovation, product launches and high-end strategic advancements in the global condom market, these companies have shown strong international influence. The Trojan Condoms provided by Church and Dwight is the most popular condom on the planet, and has been known as the most trusted brand in the United States for nearly 90 years. All Trojan brand condoms meet or exceed stringent FDA testing requirements. The company also claims to be an innovative and active condom manufacturer in the market, providing consumers with new products in the form of condoms with unique tastes and textures. For example, in July 2020, Trojan launched New XOXO™, which uses packaging innovations, including a discreet mini travel bag that can store up to two condoms to make it more convenient to carry on the road.
Reasons for purchasing this report:
-Market Estimate (ME) table in Excel format
-3 months of analyst support
Read the full report: https://www.reportlinker.com/p06000964/?utm_source=GNW
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