At 6.3% CAGR, the South & Central America Male Condom Market is projected to be worth US$ 754.63 million by 2028, says Business Market Insights

According to Business Market Insights research, the South & Central America male condom market was valued at US$ 522.83 million in 2022 and is expected to reach US$ 754.63 million by 2028, registering a CAGR of 6.3% from 2022 to 2028. Rising cases of sexually transmitted infections has attributed to the South & Central America male condom market expansion.

Sexually transmitted infections (STIs) have a major impact on sexual and reproductive health worldwide. As per WHO, more than 1 million STIs are acquired every day globally, most of which are asymptomatic. Furthermore, an estimated 374 million new cases of one of the four treatable STIs—chlamydia, gonorrhea, syphilis, and trichomoniasis—are reported to be contracted annually. Additionally, it was predicted in 2016 that over 500 million individuals aged 15 to 49 have a genital herpes simplex virus (HSV or herpes). The Human Papillomavirus (HPV) is linked to about 311,000 cervical cancer deaths annually, according to Global Cancer Statistics 2018. Furthermore, it was anticipated that in 2016, nearly 1 million pregnant women had syphilis, which led to approximately 350,000 unfavorable birth outcomes. Thus, rising cases of STI’s and growing awareness about STDs through government initiatives will drive the market for male condoms in forecast period.

On the contrary, side effects of materials used in male condoms in selected countries hampers the South & Central America male condom market.  

Based on product type, the South & Central America male condom market is segmented into flavored condom, studded, warming, pleasured, and others. The flavored segment held 34.3% share of South & Central America male condom market in 2022, amassing US$ 179.13 million. It is projected to garner US$ 265.18 million by 2028 to expand at 6.8% CAGR during 2022–2028. 

Based on material, the South & Central America male condom market is segmented into latex and non-latex. The latex segment held 87.0% share of South & Central America male condom market in 2022, amassing US$ 454.82 million. It is projected to garner US$ 641.13 million by 2028 to expand at 5.9% CAGR during 2022–2028. 

Based on distribution channel, the South & Central America male condom market is segmented into drug stores/pharmacies, supermarkets/hypermarkets, online pharmacies, and others. The drug stores/pharmacies segment held 48.6% share of South & Central America male condom market in 2022, amassing US$ 253.86 million. It is projected to garner US$ 373.04 million by 2028 to expand at 6.6% CAGR during 2022–2028. 

Based on country, the South & Central America male condom market has been categorized into the Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 61.4% share of South & Central America male condom market in 2022. It was assessed at US$ 321.03 million in 2022 and is likely to hit US$ 470.96 million by 2028, exhibiting a CAGR of 6.6% during 2022–2028. 

Key players operating in the South & Central America male condom market are Reckitt Benckiser Group Plc, Mankind Pharma Ltd, Church & Dwight Co Inc, and Unique International SAS, among others.   

• In March 2023, Durex launched Durex Real Feel, a non-latex range of condoms. Real Feel is made of polyisoprene material which is softer than latex rubber and provides skin on skin feeling to partners. With this launch, the brand aims to intensify and enhance sexual encounters between couples by offering a natural “skin” like feeling while being protected.
• In September 2022, Mankind Pharma’s new condom brand Epic Condoms has launched a new campaign, ‘Make Love Epic’ to announce the arrival of a premium range of Epic condoms in the market. Epic Condoms is a new entrant in the market, and this campaign is designed to introduce and make consumers aware of the new brand from India’s leading condom brand i.e., Manforce Condoms, to the target audience.

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