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)
Strategic insights for the South & Central America Male Condom provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the South & Central America Male Condom refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.South & Central America Male Condom Strategic Insights
South & Central America Male Condom Report Scope
Report Attribute
Details
Market size in 2022
US$ 522.83 Million
Market Size by 2028
US$ 754.63 Million
Global CAGR (2022 - 2028)
6.3%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Material
By Product Type
By Distribution Channels
Regions and Countries Covered
South and Central America
Market leaders and key company profiles
South & Central America Male Condom Regional Insights
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.
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.