PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1347312
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1347312
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
GCC Condom Market Size Set to Cross USD 523 Million by 2029.
GCC condom market is gaining traction because of the increasing awareness about the benefits of condoms in significantly reducing the chances of HIV (AIDS) infections and sexually transmitted diseases (STDs).
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the GCC condom market size at USD 320.251 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the GCC condom market size to grow at a CAGR of 8.53% reaching a value of USD 523.21 million by 2029. The rising prevalence of STDs and HIV, as well as expanding government efforts to prevent the transmission of sexually transmitted diseases, are major growth drivers for the GCC condom industry. The GCC condom market is also predicted to benefit from the introduction of a wide range of products by industry participants and the decline in stigmatization, particularly among younger demographics.
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, condoms offer protection against sexually transmitted infections (STIs), including HIV, gonorrhea, and chlamydia, which 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:
Segmental Information
GCC Condom Market - By Product:
Based on product, the GCC condom market is segmented into male condoms and female condoms. Male condoms account for the highest share in the market owing to their higher effectiveness in preventing unwanted pregnancies and STDs. According to the World Health Organization, 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.
Impact of COVID-19 on the GCC Condom Market:
The unprecedented COVID-19 pandemic hindered the GCC condom market growth. 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 practitioners 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.
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.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the GCC Condom Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the GCC Condom Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. GCC Condom Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Prevalence Of HIV Infections and STD
- 3.2.1.2. Favorable Government Initiatives
- 3.2.2. Restraints
- 3.2.2.1. Social and Cultural Stigma
- 3.2.3. Opportunities
- 3.2.3.1. Advancement in Technology
- 3.2.4. Challenges
- 3.2.4.1. Market Entry Barriers
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. GCC Condom Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Material
- 4.2.1.1. Latex Condoms
- 4.2.1.2. Non-latex Condoms
- 4.2.2. By Product
- 4.2.2.1. Male Condoms
- 4.2.2.2. Female Condoms
- 4.2.3. By Distribution Channel
- 4.2.3.1. Mass Merchandizers
- 4.2.3.2. Drug Stores
- 4.2.3.3. E-commerce
- 4.2.1. By Material
5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. GCC Condom Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. 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)
- 7.1. Church & Dwight Co., Inc.
- 7.2. Fuji Latex Co., Ltd
- 7.3. Reckitt Benckiser Group
- 7.4. Karex Berhad
- 7.5. Lelo
- 7.6. LifeStyles Healthcare Pte Ltd
- 7.7. Veru, Inc.
- 7.8. Mayer Laboratories, Inc.
- 7.9. Okamoto Industries, Inc.
- 7.10. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Country
- 9.5. 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
