At 8.2% CAGR, the Europe Male Condom Market is Projected to be Worth US$ 3,704.67 million by 2028, says Business Market Insights

According to Business Market Insights research, the Europe male condom market was valued at US$ 2,302.56 million in 2022 and is expected to reach US$ 3,704.67 million by 2028, registering a CAGR of 8.2% from 2022 to 2028. Surge in product launches and growing government efforts to encourage use of condoms is among the critical factors attributed to the Europe male condom market expansion.        

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:

•          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. 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 Jan 2020, SKORE launched its new range of thin condoms. With the launch, SKORE aims to encourage the usage of condoms by addressing the major reason people avoid putting them on: it hinders intimacy between couples.

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.

on the contrary, side effects of materials used in male condoms hampers the Europe male condom market.  

Based on product type, the Europe male condom market is segmented into flavored condom, studded, warming, pleasured, and others. The flavored segment held 35.0% share of Europe male condom market in 2022, amassing US$ 805.13 million. It is projected to garner US$ 1,328.46 million by 2028 to expand at 8.7% CAGR during 2022–2028. 

Based on material, the Europe male condom market is segmented into latex and non-latex. The latex segment held 85.4% share of Europe male condom market in 2022, amassing US$ 1,966.99 million. It is projected to garner US$ 3,088.11 million by 2028 to expand at 7.8% CAGR during 2022–2028.

Based on distribution channel, the Europe male condom market is segmented into drug stores/pharmacies, supermarkets/hypermarkets, online pharmacies, and others. The drug stores/pharmacies segment held 49.1% share of Europe male condom market in 2022, amassing US$ 1,129.52 million. It is projected to garner US$ 1,850.51 million by 2028 to expand at 8.6% CAGR during 2022–2028.

Based on country, the Europe male condom market has been categorized into the Germany, France the UK, Italy, Spain, and the Rest of Europe. Our regional analysis states that Germany captured 29.9% share of Europe male condom market in 2022. It was assessed at US$ 687.31 million in 2022 and is likely to hit US$ 1,155.86 million by 2028, exhibiting a CAGR of 9.0% during 2022–2028.      

Key players operating in the Europe male condom market are Reckitt Benckiser Group Plc, Karex Bhd, Church & Dwight Co Inc, and Thai Nippon Rubber Industry Pcl, among others.   

• In April 2022, Durex launched its new offering in the condoms category, Durex Intense, with an ad campaign. With this launch, the brand aims to enhance the sexual journey of a woman through heightened stimulation for a more intense experience.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com