At 8.5% CAGR, the Asia Pacific Male Condom Market is projected to be worth US$ 5,983.94 million by 2028, says Business Market Insights

According to Business Market Insights research, the Asia Pacific male condom market was valued at US$ 3,672.13 million in 2022 and is expected to reach US$ 5,983.94 million by 2028, registering a CAGR of 8.5% 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 Asia Pacific male condom market expansion.        

The Government of India distributes free condoms under its AIDS prevention program operated by the National AIDS Control Organization (NACO) via health centers. This program focuses on the high prevalence and high fertility districts, emphasizing the availability of condoms in high-risk group sites, the vulnerable population-intensive areas. Many organizations, such as the Hindustan Latex Family Planning Promotion Trust, Population Health Services (India), Pashupati Chemicals & Pharmaceutical Ltd, HLL Lifecare Limited, Parivar Seva Sanstha, Population Services International, Janani Suraksha Yojana, and DKT India, sell socially marketed condoms in India under NACO CSMP. Also, the government is supporting e-commerce in the country for people to access basic and advanced consumer goods easily, and condoms are a considerable part of these goods. Since 2014, the Government of India has been instituting initiatives such as Make in India, Skill India, and Innovation Fund to support e-commerce growth in the country. In 2018, it uplifted foreign direct investment (FDI) by 100% in the e-commerce market, with an aim to provide benefits of online marketing in even remote locations of the country. Similarly, the Union Budget of 2018–2019 ruled out US$ 1.24 billion (INR 8,000 crore) for BharatNet Project to provide broadband services to 150,000 village councils (gram panchayats) in India. The support from the government for the use of condoms as a preventive measure to control the population in the country 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 Asia Pacific male condom market.  

Based on product type, the Asia Pacific male condom market is segmented into flavored condom, studded, warming, pleasured, and others. The flavored segment held 36.5% share of Asia Pacific male condom market in 2022, amassing US$ 1,341.21 million. It is projected to garner US$ 2,240.31 million by 2028 to expand at 8.9% CAGR during 2022–2028.   

Based on material, the Asia Pacific male condom market is segmented into latex and non-latex. The latex segment held 82.7% share of Asia Pacific male condom market in 2022, amassing US$ 3,036.88 million. It is projected to garner US$ 4,822.28 million by 2028 to expand at 8.0% CAGR during 2022–2028.

Based on distribution channel, the Asia Pacific male condom market is segmented into drug stores/pharmacies, supermarkets/hypermarkets, online pharmacies, and others. The drug stores/pharmacies segment held 53.7% share of Asia Pacific male condom market in 2022, amassing US$ 1,971.72 million. It is projected to garner US$ 3,308.66 million by 2028 to expand at 9.0% CAGR during 2022–2028.

Based on country, the Asia Pacific male condom market has been categorized into the Japan, China, South Korea, India, Australia, and the Rest of Asia Pacific. Our regional analysis states that Japan captured 28.5% share of Asia Pacific male condom market in 2022. It was assessed at US$ 1,045.09 million in 2023 and is likely to hit US$ 1,723.37 million by 2028, exhibiting a CAGR of 8.7% during 2022–2028.

Key players operating in the Asia Pacific male condom market are Reckitt Benckiser Group Plc, Okamoto Industries Inc, Karex Bhd, Church & Dwight Co Inc, Mankind Pharma Ltd, Cupid Limited, Fuji Latex Co Ltd, Thai Nippon Rubber Industry Pcl, and Humanwell Healthcare Group Co Ltd, among others.   

• 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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