Adult Condom Market

COVID-19 Impact analysis

• The COVID-19 pandemic is likely to accelerate trends that were already shaping the market, such as rise of the global middle class and the use of e-commerce. Online distributors are recording increased interest, as home-bound consumers explore retail alternatives. For instance, in March 2020 due to the national lockdown, online sales for house brand condoms, manufactured by the Malaysian company Karex, shot up seven-fold during the first half of 2020. Some sexual wellness brands and retailers with inventory and shipment operations ready to scale up are reporting e-commerce sales twice as high as their pre-COVID-19 levels.

Top Impacting Factors
Rising awareness among adolescents about sexually transmitted diseases (STDs) and HIV has led to an increase in the usage of condoms globally.
International and government healthcare bodies such as WHO, UNFPA, UNAIDS, and CDC are undertaking many initiatives to create awareness about safe sex through the usage of condoms, which will propel adult condom market growth. 
Increasing adoption rates of contraceptive products among consumers across the world is boosting the demand for condoms. 
NGOs and governments of various countries are collaborating with condom manufacturers to promote the use of condoms and prevent STDs by distributing condoms free of cost or at subsidized rates, thus fostering the demand for condoms.
The introduction of innovative condom designs and packaging style increased promotional and marketing activities are some of the major factors boosting the adult condom market growth further.
Market Trends

New product launches to flourish the market

• In June 2019, LifeStyles Healthcare Pte. Ltd. announced the launch of LifeStyles Ultra-sensitive Platinum, the thinnest latex condoms under the LifeStyles brand. Ultra-sensitive Platinum condoms are 52% thinner than regular condoms.
• In April 2019, an Argentina-based company designed a new “consent” packaging in the market, which requires four hands to open the package. This initiative was undertaken to create awareness about the importance of consensual sex.
• In July 2020, Trojan launched New XOXO™, which features packaging innovations, including a discreet, mini travel pack that stores up to two condoms for added convenience while carrying on the go.
• In April 2018, Durex debuted in the flavored condoms segment with the Durex Kohinoor product line available in flavors such as meetha pan, kaala khatta, silky chocolate, and juicy strawberry.

Surge in usage in female condoms

• Different varieties of condoms for men are easily accessible and thus are predominantly used during sexual intercourse for protection against HIV and STIs. However, female condoms are being increasingly accepted for unplanned pregnancy and reducing the risk of STIs. The adoption of female condoms is rising in the developed countries such as Canada, Germany, the U.S., the UK, and France. In the U.S., only one company offers the FC2 Female Condom.
• In January 2019, a female condom was given a genderless rebranding by FDA and was assigned a generic name “single-use internal condom.” It is likely that the product would be subject to similar regulations as male condoms and is approved for vaginal and anal intercourse as the over-the-counter product.

Key Benefits of the Report

• This study presents the analytical depiction of the adult condom along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the adult condom market share.
• The current market is quantitatively analyzed to highlight the adult condom market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed adult condom market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Adult Condom Report

• Who are the leading market players active in the adult condom market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?
• What is "adult condom "?
• What is "adult condom " market prediction in the future?
• Who are the leading global players in the "adult condom" market?
• What are the current trends and predicted trends?
• What are the key benefits of the "adult condom" market report?