
Published On: Oct 2023
Published On: Oct 2023
At 7.5% CAGR, the North America Male Condom Market is projected to be worth US$ 3,056.25 million by 2028, says Business Market Insights
According to Business Market Insights research, the North America male condom market was valued at US$ 1,979.53 million in 2022 and is expected to reach US$ 3,056.25 million by 2028, registering a CAGR of 7.5% from 2022 to 2028. Growing government efforts to encourage use of condoms and rising cases of sexually transmitted infections are the critical factors attributed to the North America male condom market expansion.
Various regional governments are encouraging the use of condoms to prevent unwanted pregnancies. In recent decades, the US government has supported global Family Planning and Reproductive Health efforts. It is also one of the top purchasers and distributors of contraceptives globally. According to the news by Global Health Policy 2021, there has been a steady growth in US funding for Family Planning and Reproductive Health over the past two decades. In FY 2020, US funding totaled US$ 608 million, including funding for the United Nations Population Fund (UNFPA), up from US$ 425 million in FY 2006. Further, the Canadian government is committed to enhancing the quality of life for citizens, realizing the strategic objectives of the Pan-Canadian Sexually Transmitted and Blood Borne Infection (STBBI) Framework for Action, and speeding up efforts to meet the international STBBI targets set by the Joint United Nations Programme on HIV/AIDS and the World Health Organization. Such support from the government encourages the use of preventives, such as condoms, to control the population in the country. Thus, the growing support from the government is fueling the growth of the male condoms market.
on the contrary, side effects of materials used in male condoms in selected countries hampers the North America male condom market.
Based on product type, the North America male condom market is segmented into flavored condom, studded, warming, pleasured, and others. The flavored segment held 34.8% share of North America male condom market in 2022, amassing US$ 688.74 million. It is projected to garner US$ 1,091.06 million by 2028 to expand at 8.0% CAGR during 2022–2028.
Based on material, the North America male condom market is segmented into latex and non-latex. The latex segment held 85.9% share of North America male condom market in 2022, amassing US 1,699.94 million. It is projected to garner US$ 2,560.40 million by 2028 to expand at 7.1% CAGR during 2022–2028.
Based on distribution channel, the North America male condom market is segmented into drug stores/pharmacies, supermarkets/hypermarkets, online pharmacies, and others. The drug stores/pharmacies segment held 48.9% share of North America male condom market in 2022, amassing US$ 968.05 million. It is projected to garner US$ 1,522.30 million by 2028 to expand at 7.8% CAGR during 2022–2028.
Based on country, the North America male condom market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 74.8% share of North America male condom market in 20232 It was assessed at US$ 1,480.49 million in 2022 and is likely to hit US$ 2,323.06 million by 2028, exhibiting a CAGR of 7.8% during 2022–2028.
Key players operating in the North America male condom market are Reckitt Benckiser Group Plc, Okamoto Industries Inc, Karex Bhd, Church & Dwight Co Inc, and Humanwell Healthcare Group Co Ltd, among others.
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