Male Condoms Market is expected to reach US$ 13,974.6 million by 2028

Latex Segment, by Material will be Dominating the Male Condoms Market During 2022–2028

According to our new research study on "Male Condoms Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Material, Product Type, and Distribution Channel," the market is expected to grow from US$ 8,801.8 million in 2022 and is expected to reach a value of US$ 13,974.6 million by 2028; it is anticipated to record a CAGR of 8.0% from 2022 to 2028. Key factors driving the male condoms market growth are growing government efforts to encourage use of condoms and rising cases of sexually transmitted infections. However, side effects of materials used in male condoms are restricting the market growth.

Europe was the second leading region in Male Condoms Market in 2022 and is expected to continue its dominance during the forecast period. The growth of the market in this region is primarily driven by the factors such as the significant growth in sexually transmitted infections (STIs), government programs related to safe sex and launch of innovative products by market players in the region. In Europe, Germany held the largest share in the male condoms market in 2022, due to rising incidences of syphilis.

Male Condoms Market, by Geography, 2022 (%)

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Source: The Insight Partners Analysis

Syphilis diseases can be prevented by using condoms. According to a research report published in April 2022 in the Frontiers in Public Health Journal, the incidence rate of syphilis in the German population was 6.5/100,000 standardized person-years. Also, 5,256 new cases of the disease are reported each year in the country. Moreover, a study published by the BMC Public Health Journal in June 2022 reported that the prevalence of chlamydia was 2.8% among all sexually active 15 to 17-year-old girls and 9.6% among those who testified to be sexually active. As a result, the high burden of STIs, such as chlamydia and syphilis, is expected to increase condom usage, reducing the risk of transmission, and contributing to the male condoms market growth in Germany during the forecast period.

The male condoms market, by material is segmented into the market is fragmented into latex and non-latex. The latex segment held the largest market share in 2022. However, the non-latex is expected to grow with a CAGR of 10.4% from 2022 to 2028. The major driving factors the growth of the latex segment is due to maximum number of condom users preferring latex. Moreover, factors such as low cost, safety and efficacy of latex are some of the other parameters that are likely to account for the highest growth of the segment over the coming years.

Reckitt Benckiser Group Plc, Okamoto Industries Inc, Karex Bhd, Church & Dwight Co Inc, Mankind Pharma Ltd, Cupid Ltd, Unique International SAS, Fuji Latex Co Ltd, Humanwell Healthcare Group Co Ltd, and Thai Nippon Rubber Industry Pcl are among the key companies operating in the male condoms market. The companies have been implementing various strategies that have helped in their growth and in turn have brought about various changes in the market. The companies have utilized both organic strategies (such as launches, expansion, and product approvals) and inorganic strategies (such as product launch, partnership, collaborations).

For instance, in March 2023, Durex, a Reckitt Benckiser Group Plc brand launched Durex Real Feel, a non-latex range of condoms. Real Feel is made of polyisoprene material which is softer than latex rubber and provides skin on skin feeling to partners. With this launch, the brand aims to intensify and enhance sexual encounters between couples by offering a natural “skin” like feeling while being protected.

The report segments the Male Condoms Market as follows:

Based on material, the male condoms market is bifurcated into latex and non-latex. Based on product type, the global male condoms market is segmented into flavored condom, studded, warming, pleasured, and others. The male condoms market, by distribution channel, is segmented into drug stores/pharmacies, supermarket/hypermarket, online pharmacies, and others. Based on geography, the male condoms market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).