GCC Condom Market

GCC Condom Market Size Set to Cross USD 523 Million by 2029

Published | 25 August 2023

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).

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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.

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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.

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