According to a new report, published by KBV research, The Global Condom Market size is expected to reach $29.69 billion by 2031, rising at a market growth of 11.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 8723.61 Million Units (PACK OF 3) experiencing a growth of 14.5% (2020-2023).
Emerging markets such as India, Brazil, and China are seeing a rising adoption of condoms, driven by urbanization, increased disposable incomes, and improved access to sexual health education. In these regions, the adoption of condoms is closely linked to the growth of the sexual wellness market and greater recognition of the importance of safe sex in preventing STIs and unplanned pregnancies.
The Latex segment is experiencing a CAGR of 11.6 % during the forecast period. Latex condoms are widely preferred due to their high elasticity, strength, and effectiveness in preventing sexually transmitted infections (STIs) and unwanted pregnancies. Their cost-effectiveness and widespread availability contribute to their dominance in the market.
The Drug Stores/Pharmacies segment led the maximum revenue in the Global Condom Market by Distribution Channel in 2023, thereby, achieving a market value of $11.8 billion by 2031. Drug stores are a convenient and trusted source for purchasing condoms, offering a wide variety of brands and types. Their widespread presence and accessibility make them a preferred choice for consumers seeking both privacy and convenience when buying condoms.
The Male Condoms segment is growing at a CAGR of 11.7 % during the forecast period. Male condoms are the most commonly used type of contraceptive due to their ease of use, affordability, and widespread availability. They are highly effective in preventing sexually transmitted infections (STIs) and unwanted pregnancies when used correctly.
Full Report: https://www.kbvresearch.com/condom-market/
The Asia Pacific region dominated the Global Condom Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $13.4 billion by 2031. The Europe region is anticipated to grow at a CAGR of 11.1% during (2024 - 2031). Additionally, The North America region would witness a CAGR of 11.6% during (2024 - 2031).
By Material Type (Volume, Million Units (Pack Of 3), Usd Billion, 2020-2031)
By Distribution Channel (Volume, Million Units (Pack Of 3), Usd Billion, 2020-2031)
By Product (Volume, Million Units (Pack Of 3), Usd Billion, 2020-2031)
Unique Offerings 
