Gcc Condom Market

GCC Condom Market, By Material (Latex Condoms, Non-latex Condoms); By Product (Male Condoms, Female Condoms); By Distribution Channel (Mass Merchandizers, Drug Stores, E-commerce), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: August 2023
  • Report ID: BWC23697
  • Available Format: PDF
  • Page: 200

Report Overview

Increasing awareness about the prevalence of HIV Infections and STD and favorable government initiatives are expected to boost the growth of GCC Condom Market during the forecast period between 2023 and 2029.

GCC Condom Market - Industry Trends & Forecast Report, 2029

GCC condom market size was estimated to be worth USD 320.251 million in 2022. During the forecast period between 2023 and 2029, the GCC condom market size is projected to grow at a CAGR of 8.53%, reaching a value of USD 523.21 million by 2029. Major growth factors for the GCC condom market include the increasing prevalence of HIV and STDs and rising government initiatives to prevent the spread of sexually transmitted diseases. Furthermore, the launch of a wide range of products by industry players and diminishing stigmatization, particularly among the younger demographic, are anticipated to present lucrative growth opportunities to the GCC condom market.

GCC Condom Market

GCC Condom Market – Overview

Condom is a contraceptive method and a key component of birth control to prevent diseases. When used properly, condoms are 98% effective in preventing pregnancy. According to the World Health Organization, they offer protection against STIs including HIV, gonorrhea, and chlamydia that spread through excretions. When the lesion appears in the region covered by the condom, they also offer protection against STIs transferred by skin-to-skin contact, such as syphilis, genital herpes, and human papillomavirus (HPV).

GCC Condom Market

Growth Drivers

Increasing Prevalence Of HIV Infections and STD

The rising prevalence of human immunodeficiency virus (HIV) and other sexually transmitted diseases is the major factor driving the demand for condoms in the GCC market. All nations, including Bahrain and other Gulf Cooperation Council (GCC) nations, are burdened by STDs, especially HIV/AIDS. The socioeconomic effects of the illnesses that follow are impeding the infrastructural and human resource development of the country. As a result, governments are taking various initiatives, such as a national technical task force for the prevention of STDs and boosting the use of contraceptives including condoms in their countries.

Restraints

Social and Cultural Stigma

The embarrassment surrounding the use of condoms acts as a major restraining factor for the GCC condom market. This stigma prevents the consumers of GCC countries from visiting drug stores or any brick-and-mortar store for buying condoms. This is also facilitated by the lack of proper conversation among partners regarding condom use, which may invariably lead to unprotected sexual intercourse. Although, the condom companies, such as Durex, are tackling this issue by offering discreet packaging and delivery of condoms to their consumers through online stores.

Impact of COVID-19 on GCC Condom Market

The unprecedented COVID-19 pandemic hindered the growth of GCC condom market. The restrictions on the supply chain directly impacted the availability of condoms in pharmacies and convenience stores. Furthermore, many studies revealed that the use of contraceptives including condoms dropped significantly during the COVID-19 pandemic, which is expected to cause many unwanted pregnancies and STDs. Furthermore, the inaccessibility to sexual and reproductive health medical practitioners, people further widened the market demand for condoms in the GCC countries. However, the market is expected to gain pace with the increasing availability of condoms in online stores.

GCC Condom Market

Segmental Coverage

GCC Condom Market – By Material

Based on material, the GCC condom market is split into latex condoms and non-latex condoms segments. The latex condoms segment holds a higher share in the GCC condom market. The National Library of Medicine's collection of research articles also claims that latex condoms do not frequently slip or break during sexual activity. Furthermore, it has been demonstrated that latex condoms have a high level of contraceptive effectiveness and a very low chance of semen leakage when worn properly. However, non-latex condoms are also growing at a high rate owing to their rising demand among consumers with latex sensitivity.

GCC Condom Market – By Product

Based on product, the GCC condom market is bifurcated into male condoms and female condoms segments. The male condoms segment accounts for a higher share in the market owing to their higher effectiveness in preventing unwanted pregnancies and STDs. According to the World Health Organization (WHO), when used correctly with every sexual act, male condoms will prevent 98% of women from unintended pregnancy, while female condoms will protect 95% of women from unintended pregnancy. However, female condoms are also gaining significant traction in the market.

GCC Condom Market Share

GCC Condom Market – By Distribution Channel

Based on distribution channels, the GCC condom market is segmented into mass merchandizers, drug stores, and e-commerce. The drug stores segment dominates the GCC condom market owing to the easy availability and quick accessibility to drug stores. However, the e-commerce segment is projected to register the highest growth rate during the forecast period. Online stores are offering discreet packaging to ensure the privacy of their customers, which is playing a vital role in driving the segment’s growth.

Competitive Landscape

Major players operating in the GCC condom market include Church & Dwight Co., Inc., Fuji Latex Co., Ltd., Reckitt Benckiser Group, Karex Berhad, Lelo, LifeStyles Healthcare Pte Ltd, Veru, Inc., Mayer Laboratories, Inc., and Okamoto Industries, Inc.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Product/ Service Segmentation

Material, Product, Distribution Channel

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.

 

By Material

  • Latex Condoms

  • Non-latex Condoms

By Product

  • Male Condoms

  • Female Condoms

By Distribution Channel

  • Mass Merchandizers

  • Drug Stores

  • E-commerce

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. GCC Condom Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing Prevalence Of HIV Infections and STD
        2. Favorable Government Initiatives
      2. Restraints
        1. Social and Cultural Stigma
      3.  Opportunities
        1. Advancement in Technology
      4. Challenges
        1. Market Entry Barriers
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. GCC Condom Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Material
        1. Latex Condoms
        2. Non-latex Condoms
      2. By Product
        1. Male Condoms
        2. Female Condoms
      3. By Distribution Channel
        1. Mass Merchandizers
        2. Drug Stores
        3. E-commerce
  5. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. GCC Condom Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  6. Impact of Covid-19 on GCC Condom Market
  7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Church & Dwight Co., Inc.
    2. Fuji Latex Co., Ltd
    3. Reckitt Benckiser Group
    4. Karex Berhad
    5. Lelo
    6. LifeStyles Healthcare Pte Ltd
    7. Veru, Inc.
    8. Mayer Laboratories, Inc.
    9. Okamoto Industries, Inc.
    10. Other Prominent Players
  8. Key Strategic Recommendations
  9. Research Methodology
    1.   Qualitative Research
      1.  Primary & Secondary Research
    2.   Quantitative Research
    3.   Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.   Breakdown of Primary Research Respondents, By Country
    5.   Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

 

Figure 1       GCC Condom Segmentation               

Figure 2       GCC Condom Market Value Chain Analysis             

Figure 3       Company Market Share Analysis, 2022         

Figure 4       GCC Condom Market Size, By Value (USD Million), 2019–2029            

Figure 5       GCC Condom Market Share, By Material, By Value, 2019–2029           

Figure 6       GCC Condom Market Share, By Product, By Value, 2019–2029            

Figure 7       GCC Condom Market Share, By Distribution Channel, By Value, 2019–2029            

 

List of Tables

 

Table 1        GCC Condom Market Size, By Value (USD Million), 2019–2029  

Table 2        GCC Condom Market Size, By Material, By Value, 2019–2029    

Table 3        GCC Condom Market Size, By Product, By Value, 2019–2029     

Table 4        GCC Condom Market Size, By Distribution Channel, By Value, 2019–2029

Table 5        Church & Dwight Co., Inc. Company Overview

Table 6        Church & Dwight Co., Inc. Financial Overview

Table 7        Fuji Latex Co., Ltd Company Overview

Table 8        Fuji Latex Co., Ltd Financial Overview

Table 9        Reckitt Benckiser Group Company Overview

Table 10      Reckitt Benckiser Group Financial Overview

Table 11      Karex Berhad Company Overview

Table 12      Karex Berhad Financial Overview

Table 13      Lelo Company Overview

Table 14      Lelo Financial Overview

Table 15      LifeStyles Healthcare Pte Ltd Company Overview

Table 16      LifeStyles Healthcare Pte Ltd Financial Overview

Table 17      Veru, Inc. Company Overview

Table 18      Veru, Inc. Financial Overview

Table 19      Mayer Laboratories, Inc. Company Overview

Table 20      Mayer Laboratories, Inc. Financial Overview

Table 21      Okamoto Industries, Inc. Company Overview

Table 22      Okamoto Industries, Inc. Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Major factors driving the growth of GCC Condom Market include increasing prevalence of HIV Infections and STD and favorable government initiatives.
Ans: GCC Condom market size is expected to grow at a CAGR of 8.53% during the forecast period between 2023 and 2029.
Ans: GCC Condom Market size was estimated at USD 320.251 million in 2022.
Ans: The male condoms segment holds a higher market share in the GCC Condom Market by product.
Ans: Key players in GCC Condom Market include Church & Dwight Co., Inc., Fuji Latex Co., Ltd, Reckitt Benckiser Group, Karex Berhad, Lelo, LifeStyles Healthcare Pte Ltd, Veru, Inc., Mayer Laboratories, Inc., and Okamoto Industries, Inc.