LAMEA Condom Market

LAMEA Condom Market Size, Share & Trends Analysis Report By Material Type (Latex and Non-Latex), By Distribution Channel, By Product, By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-26257 Publication Date: December-2024 Number of Pages: 112
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Analysis of Market Size & Trends

The Latin America, Middle East and Africa Condom Market would witness market growth of 13.2% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 999.30 Million Units (PACK OF 3), showcasing a growth of 11.2% (2024-2031).

E-commerce has become an increasingly important distribution channel in this market, offering convenience, anonymity, and broader accessibility for consumers. With the rise of online shopping, many consumers prefer purchasing them through e-commerce platforms due to the privacy it provides, especially for those who feel embarrassed buying in physical stores. Thus, the E-commerce Segment in Brazil market consumed a volume of 40.43 Million Units (PACK OF 3) in 2023.

LAMEA Condom Market

The Brazil market dominated the LAMEA Condom Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $544.7 Million by 2031. The Argentina market is showcasing a CAGR of 14% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 12.3% during (2024 - 2031).

In contrast, adoption in developing regions such as Sub-Saharan Africa, South Asia, and Latin America has been a slower process due to factors like cultural taboos, lack of sexual education, and limited access to affordable condoms. However, there have been notable improvements in recent years, with public health initiatives, governmental support, and organizations such as the UNFPA working to increase access and awareness.

Gender dynamics also influence the adoption of them. Traditionally, condom use has been viewed as a male responsibility, but this is gradually changing. The market is seeing an increasing focus on female condoms and other female-controlled contraceptive methods. These innovations are aimed at empowering women, giving them more control over their sexual health, and providing alternatives to male condoms.

The high HIV incidence rates among adolescent girls and young women (AGYW) in sub-Saharan Africa (SSA) significantly impact the growth of this market in the region. As per the National Library of Medicine, AGYW, who are 15–24 years old, experience HIV rates nearly three times higher than their male counterparts and many times higher than adolescents in other regions of the world. The recent data indicates that the growth in Brazil’s retail trade is a positive indicator for various sectors, including this market. A 1.0% increase in retail sales in January, after a strong 2.8% growth in December, signals a continued upward trend in consumer demand. This means an overall positive economic sentiment leads to increased spending, including personal products like condoms. The retail sector’s growth generally correlates with increased availability and visibility of consumer goods, creating an environment where condom sales can thrive. Thus, the high rates of HIV and the growing retail sector in the region are driving the growth of the market.

Free Valuable Insights: The Worldwide Condom Market is Projected to reach USD 29.69 Billion by 2031, at a CAGR of 11.9%

Based on Material Type, the market is segmented into Latex and Non-Latex. Based on Distribution Channel, the market is segmented into Drug Stores/Pharmacies, E-commerce, Mass Merchandizers, and Other Distribution Channels. Based on Product, the market is segmented into Male Condoms and Female Condoms. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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List of Key Companies Profiled

  • Karex Berhad
  • Reckitt Benckiser Group PLC
  • Church & Dwight Co., Inc.
  • LELO AB
  • Lifestyles Healthcare Pte. Ltd.
  • Veru Inc.
  • Mayer Laboratories, Inc.
  • Okamoto Industries,Inc.
  • Cupid Limited
  • Fuji Latex Co., Ltd.

LAMEA Condom Market Report Segmentation

By Material Type (Volume, Million Units (Pack Of 3), Usd Billion, 2020-2031)

  • Latex
  • Non-Latex

By Distribution Channel (Volume, Million Units (Pack Of 3), Usd Billion, 2020-2031)

  • Drug Stores/Pharmacies
  • E-commerce
  • Mass Merchandizers
  • Other Distribution Channels

By Product (Volume, Million Units (Pack Of 3), Usd Billion, 2020-2031)

  • Male Condoms
  • Female Condoms

By Country (Volume, Million Units (Pack Of 3), Usd Billion, 2020-2031)

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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