The South & Central America male condom market is expected to grow from US$ 522.83 million in 2022 to US$ 754.63 million by 2028. It is estimated to grow at a CAGR of 6.3% from 2022 to 2028.
Surge in Product Launches in South & Central America Male Condom Market
Companies operating in the market constantly focus on strategic developments such as collaboration, agreements, partnerships, and new product launches. These strategies help the companies increase sales and drive overall market growth. The emergence of new product launches with product advancements is expected to attract the male population. Furthermore, the increasing cooperation of market participants with pharmaceutical companies for developing and launching products is expected to boost market growth in the near future. Some of the developments in the male condoms market are as follows:
Therefore, the surge in strategic developments and product launches is expected to increase the demand for male condoms, boosting the market growth in the coming years.
South & Central America Male Condom Market Overview
The South & Central America male condoms market is segmented into Brazil, Argentina, and South & Central America. In Brazil, the commercialization of male condoms is highly regulated. In the country, male condoms made from latex are widely preferred as they offer dual protection to men and women. The regulations are imposed as there is an increase in the incidences of sexually transmitted infections (STIs). STIs have become an important public health problem in the country. According to a research article titled ‘Brazilian Protocol for Sexually Transmitted Infections, 2020: Infections that Cause Cervicitis’ published by the National Library of Medicine in May 2021, the prevalence rate of infection caused by Chlamydia, gonorrhea, Chlamydia, and gonorrhea coinfection in women affected by the human immunodeficiency virus (HIV) was 2.1%, 0.9%, 2.7%, respectively. The prevalence rate was confirmed in six states of the country. These diseases have become threats to newborn babies as their mothers transmit them.
Argentina is among the countries that import condoms in a huge volume. According to Volza’s Argentina Import data, till May 13, 2023, import shipments in Argentina for male condoms stood at 390. The imports were largely made from India and Thailand. Thus, the country is encouraging domestic production to reduce the imports of male condoms.
South & Central America Male Condom Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Male Condom Market Segmentation
The South & Central America male condom market is segmented into product type, material, and distribution channels, and country.
Reckitt Benckiser Group Plc, Church & Dwight Co Inc, Mankind Pharma Ltd, and Unique International SAS are some of the leading companies operating in the South & Central America male condom market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 522.83 Million |
| Market Size by 2028 | US$ 754.63 Million |
| CAGR (2022 - 2028) | 6.3% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South & Central America Male Condom Market is valued at US$ 522.83 Million in 2022, it is projected to reach US$ 754.63 Million by 2028.
As per our report South & Central America Male Condom Market, the market size is valued at US$ 522.83 Million in 2022, projecting it to reach US$ 754.63 Million by 2028. This translates to a CAGR of approximately 6.3% during the forecast period.
The South & Central America Male Condom Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Male Condom Market report:
The South & Central America Male Condom Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Male Condom Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Male Condom Market value chain can benefit from the information contained in a comprehensive market report.
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