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Institutional areas are predicted to rise by 9% throughout the projection period. The institutional segment includes purchases from the government, non-government organisations, and other private and public groups that are totally committed to distributing condoms at a lower cost; this is projected to drive the market throughout the projection period. Institutional purchases are significantly greater in developing nations such as APAC and Africa, which are expected to gain a significant share during the projection period. Condoms are contraceptive items that aid to reduce the risk of various diseases such as STDs; hence, these are the primary drivers driving the market during the forecast period.
Condom Market Report Scope and Research Methodology:
The research provides an in-depth analysis of the market, including key stakeholders in the Condom industry. The volume, income, production, and sales of the market are all detailed in the Condom market research. It clearly illustrates the market's historical and current state, as well as anticipated trends and Condom market size. The report used different research approaches, such as interviews, surveys, and so on, to fully understand customer behaviour.
The SMR report is the outcome of multiple approaches utilised in the study, including PORTER, PESTLE, and SWOT analysis, as well as a bottom-up approach to estimating the Condom market size. These methodologies were utilised in the study to provide light on the important financial aspects on which key firms must concentrate when identifying competition and formulating market strategies.
Condom Market Overview:
Stellar Market Research has released a research titled Condom Market, which includes Manufacturers, Regions, Types, Applications, Segments, and Forecast to 2029. The study analyses insights in light of the Condom market, as well as its ever-changing patterns, industry environment, and other leading market elements.
Condom Market Size was valued at USD 9.8 billion in 2021. Global Condom Market size is estimated to grow at a CAGR of 8.51% over the forecast period
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Condom Market Segmentation:
The Condom Market is divided into two material types: latex condoms and non-latex condoms. Latex condoms have the biggest market share. And it is projected to dominate the market for the foreseeable future. When compared to non-latex materials such as polyurethane, these condoms have superior stretchability and strength. Furthermore, during the projection period, numerous allergens such as urinary infection and itching increased customer interest towards non-latex condoms. As a result, the leading players are working on developing safer latex products with no negative effects.
Outlook for By-Products, Male and female condoms are available on the market. The male condom category has dominated the market in recent years and is projected to continue to do so during the forecast period. Consumers are becoming more aware of the importance of sexual wellness. Female products are also expected to grow significantly over the projection period. The surge in female consumer literacy and increased awareness about teen pregnancy are projected to dominate the market throughout the forecast period.
The Condom Market is divided into three distribution channels: mass merchandisers, drug stores, and e-commerce. Mass Merchandisers is predicted to expand at a rapid pace during the forecast period. Furthermore, drug stores control a large portion of the market. As health and wellness products are meticulously preserved in stores, and a diverse choice of products is available, the market is likely to grow over the forecast period.
Condom Market Key Players:
Church & Dwight Co., Inc.
Fuji Latex Co., Ltd.
Reckitt Benckiser Group
Karex Berhad
Lelo
LifeStyles Healthcare Pte Ltd.
Veru, Inc.
Mayer Laboratories, Inc.
Okamoto Industries, Inc.
Cupid Limited
Condom Market Regional Insights:
The market report offers a thorough examination of market size, dynamics, and market share in the following regions: North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
Key Questions answered in the Condom Market Report are:
Key Offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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