The Europe Condom Market would witness market growth of 9.1% CAGR during the forecast period (2021-2027). Europe obtained the second highest share followed by North America due to the increasing demand by lesbians, sex workers, and men who have sex with men (MSM). European nations like the U.K., Germany, France, and Italy are among the nations with the biggest revenue shares.
Government initiatives are encouraging the utilization of contraceptives among the younger generation in these nations to prevent the transmission of HIV. For example, in November 2018, the France Ministry of Health announced the reimbursement of the price of condoms prescribed by doctors as an initiative to control HIV and AIDs.
Some of their recommended measures are the inclusion of this contraceptive product in emergency support services as essential along with other essential services like food deliveries and masks at vulnerable households, bolstering product marketing through social media like dating apps, and putting dispensers for this product at public places in order to increase the public access to these products if retail shops are shut down due to the lockdown restrictions. During the first half of 2020, condom makers suffered a slight dip in the demand for the product. For example, according to the HY 2020 results published by Reckitt Benckiser in July 2020, the demand for Durex products of Reckitt Benckiser was decreased in Europe and other emerging regions where the company operates in the second quarter of 2020. According to the same source, this decrease for Durex products was due to the social distancing norms and strict lockdown restrictions imposed in almost every country, hence hampering access to these products.
The Germany market dominated the Europe Mass Merchandizers Market by Country in 2020, thereby, achieving a market value of $352.8 million by 2027. The UK market is experiencing a CAGR of 7.7% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 10.1% during (2021 - 2027).
Based on Material Type, the market is segmented into Latex and Non-Latex. Based on Distribution Channel, the market is segmented into Drug Stores, Mass Merchandizers and E-commerce. Based on Product, the market is segmented into Male Condoms and Female Condoms. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Condom Market Size will Hit $17.1 Billion by 2027, at a CAGR of 9.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Karex Berhad, Reckitt Benckiser Group PLC, Church and Dwight Co., Inc., LELO AB, Lifestyles Healthcare Pte. Ltd., Veru, Inc., Mayer Laboratories, Inc., Okamoto Industries, Inc., Cupid Limited, and Fujilatex Co., Ltd.
By Material Type
By Distribution Channel
By Product
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