Table of Contents
Condom Market Overview
Most Condom Brands that manufacture condoms are crucial in modern sexual health and contraception, serving as a barrier method that helps prevent unintended pregnancies and protect against sexually transmitted infections (STIs).
These thin latex or polyurethane sheaths have come a long way since their early iterations, evolving to offer increased comfort, durability, and protection.
With their widespread availability and ease of use, condoms have become an essential component of responsible sexual behavior, empowering individuals and couples to make informed choices about their sexual health and well-being.
Market Drivers
Increased Awareness About Using Condoms
The global condom industry has experienced a surge in recent years because of the increasing awareness of the use of condoms through sex education programs, as well as an increase in the prevalence of sexually transmitted infections. Additionally, the condom market has seen growth in online distribution channels and a greater acceptance of contraceptives to avoid unwanted pregnancies.
Key players in the market are launching a variety and new products that give many capabilities. The focus of the manufacturers is to improve their product portfolio and create a wide range of products. The government also running campaigns to help the manufacturers. In most of the countries, the government distributes the condoms at very affordable rates.
Market Size
The estimated value of the global condom market is projected to reach USD 17.9 billion by 2032, from USD 7.11 billion in 2022, registering a CAGR of 9.5% during the period 2022-2032.
Top Condom Brands: Top Key Players
- Church & Dwight Co., Inc.
- Reckitt Benckiser Group plc
- Karex Berhad
- Fuji Latex Co. Ltd.
- Veru Inc.
- Lelo Iab.
- Cupid Ltd.
- Okamoto Industries, Inc.
- Mankind Pharma
- LifeStyles Condoms
Church & Dwight Co. Inc.
Company Overview
| Establishment Year | 1847 |
| Headquarter | The U.S. |
| Key Management | Matthew Farrell (CEO) |
| Revenue (US$ Mn) | 5,376 (2022) |
| Headcount | ~5,250 (2022) |
| Website | https://churchdwight.com/ |
About Company
Church & Dwight was founded in the year 1847 by John Dwight and Austin Church. The headquarters of the company is located at Ewing, New Jersey, US. The company’s consumer products business is organized into two segments: Consumer International, which mainly consists of personal care products, and Consumer Domestic, which includes both personal care products and household.
The company has ten core brands that account for more than 80% of the company’s consumer sales which include TROJAN, BATISTE, NAIR, XTRA, OXICLEAN, VMS, SPINBRUSH, ARM & HAMMER, FIRST RESPONSE, and ORAJEL. The third business segment of the company is Specialty Products which includes animal nutrition, specialty cleaners, and inorganic chemicals.
The products of the company are distributed through mass merchandisers, wholesale clubs, supermarkets, convenience stores, drugstores, dollar and other discount stores, home stores, pet and other specialty stores.
Geographical Presence
The company has a significant presence in the United States, Canada, the United Kingdom, France, Mexico, Germany, Australia, and China. Additionally, the company operates its business in more than 130 countries through partnerships and distribution.
Recent Developments
- In May 2023, Church & Dwight Co., Inc. announced that it would invest $27 million to expand its facility in Virginia
- In September 2022, Church & Dwight Co., Inc. acquired Hero Cosmetics, the manufacturer of the Mighty Patch® brand and other acne treatment products, for $630 million in cash and Church & Dwight restricted stock.
Reckitt Benckiser Group Plc
Company Overview
| Establishment Year | 1814 |
| Headquarter | The UK |
| Key Management | Mr. Nicandro Durante (CEO) |
| Revenue (US$ Mn) | 14,453 (2022) |
| Headcount | ~40,000 (in 2022) |
| Website | https://reckitt.com/ |
About Company
Reckitt Benckiser Group plc, commonly known as RB, is a venerable British multinational consumer goods company tracing its origins back to 1814 when it was founded by Isaac Reckitt in Hull, England. Over the years, it has undergone transformations and mergers, including the merger with Dutch company Benckiser in 1999, to become the global entity it is today.
RB operates across three main segments: Health, Hygiene, and Home, offering a diverse range of well-known brands such as Nurofen, Dettol, Lysol, and Finish. With a strong presence in over 190 countries, RB is a major player in the consumer goods industry, renowned for its focus on innovation and sustainability.
The company places a significant emphasis on corporate responsibility and has set ambitious goals to reduce its environmental footprint while improving public health worldwide. While RB has faced challenges and controversies in the past, it continues to adapt, innovate, and maintain its reputation as a trusted provider of health, hygiene, and home products to consumers globally.
Geographical Presence
Reckitt Benckiser Group plc (RB) maintains a robust and expansive geographical presence that spans the globe. With operations in over 190 countries, RB has established itself as a prominent player in the consumer goods industry worldwide. Its reach extends across Europe, where it is deeply rooted in major markets like the United Kingdom, Germany, France, Italy, and Spain.
In North America, RB serves consumers in the United States and Canada, offering a portfolio of trusted brands such as Lysol and Mucinex. The Asia-Pacific region is another vital territory for RB, with a substantial presence in countries like China, India, Japan, and Australia. RB has also strategically entered Latin American markets, including Brazil and Mexico, providing essential health, hygiene, and home products to these regions.
Its influence extends to the Middle East, Africa, and emerging markets, underscoring its commitment to meeting the diverse needs of consumers worldwide. RB’s extensive geographical footprint is a testament to its dedication to delivering innovative solutions for health, hygiene, and home care on a global scale.
Recent Developments
- In February 2021, Yellow Wood Partners LLC revealed its plan to purchase the Scholl footcare brand from Reckitt Benckiser Group plc. This acquisition covers the global operations of Scholl Footcare, excluding the Americas.
- In February 2022, Reckitt Benckiser Group plc made several significant business moves. They announced the sale of IFCN China and Scholl, and they also proposed selling E45. Additionally, they revealed their intention to acquire Biofreeze.
Karex Berhad
Company Overview
| Establishment Year | 1988 |
| Headquarter | Malaysia |
| Key Management | Mr. Goh Miah Kiat (CEO) |
| Revenue (US$ Mn) | 421,642 (2022) |
| Headcount | ~2,685 (2022) |
| Website | www.karex.com.my |
About Company
Karex Berhad, founded in 1988, is a Malaysian company specializing in the manufacturing of condoms and rubber healthcare products. With a global presence in over 140 countries, Karex is one of the world’s largest condom manufacturers. The company offers an extensive range of condoms, including latex and non-latex varieties, and is known for its commitment to quality, safety, and innovation.
Karex operates state-of-the-art manufacturing facilities in Malaysia, adhering to stringent quality standards, and has a strong focus on sustainability with eco-friendly practices. Karex plays a vital role in promoting sexual wellness and safety worldwide while continuously adapting to meet changing market demands and emerging opportunities.
Geographical Presence
Karex Berhad’s extensive global presence is a testament to its leadership in the condom manufacturing and sexual health industry. With its headquarters situated in Malaysia, the company has established itself as a worldwide force. Its products reach over 140 countries, spanning continents and reflecting its broad international impact.
Karex has solidified its position in Asia, with a prominent presence in countries such as Singapore, Thailand, and India. Furthermore, it extends its impact into Africa, Europe, North America, Latin America, and the Middle East. This broad global reach empowers Karex to actively participate in advancing global awareness of sexual health and wellness. Simultaneously, the company customizes its products to align with the unique requirements and preferences of various cultures and geographical regions.
Recent Developments
- In January 2023, Karex Berhad announced a partnership with ONE Condoms to produce and distribute ONE’s custom-fit condoms in Malaysia.
- In February 2023, Karex Berhad launched its new condom brand, Carex, in the United Kingdom.
Fuji Latex Co. Ltd.
Company Overview
| Establishment Year | 1949 |
| Headquarter | Japan |
| Key Management | Mr. Yasuhiro Kondo (President) |
| Revenue (US$ Mn) | 5,800 Million (2022) |
| Headcount | ~281 (2022) |
| Website | https://www.fujilatex.co.jp/en/ |
About Company
FUJI LATEX CO. LTD., a Japanese firm established in 1949, specializes in the manufacturing and global distribution of latex-based items, with a primary emphasis on latex condoms. With decades of experience in latex technology, the company has garnered recognition as a leading player in the worldwide condom industry.
Fuji Latex is renowned for crafting top-quality latex condoms marketed domestically and internationally under various brand names. It has built a strong reputation for its unwavering commitment to product excellence, safety, and inventive solutions, earning the trust of consumers worldwide. Besides condoms,
Fuji Latex is also involved in creating and producing other latex-based items, including medical gloves and dental dams. By steadfastly prioritizing sexual health and well-being, and leveraging its extensive manufacturing capabilities and global distribution network, Fuji Latex plays a pivotal role in advocating for safer and healthier lifestyles worldwide.
Geographical Presence
FUJI LATEX CO. LTD. is primarily centered in its home country of Japan, where it was founded and maintains a significant presence. As a Japanese company, its main focus is on serving the domestic market by providing high-quality latex condoms and related items to consumers within Japan.
Although its core emphasis lies within Japan, the company also participates in global distribution. It exports its latex-based products, including condoms, to various countries worldwide, marketing them under different brand names to accommodate the diverse preferences and requirements of consumers on a global scale.
Fuji Latex’s unwavering commitment to product quality and safety has enabled it to establish a presence in the global condom industry, extending its influence beyond its country of origin. Nevertheless, it’s worth noting that the company’s primary geographical footprint is within Japan, where it enjoys a strong market position and is recognized for its expertise in latex technology and sexual health products.
Recent Developments
- In January 2022, FUJIFILM Corporation broadened its advanced therapies Contract Development and Manufacturing Organization (CDMO) business by procuring a specialized cell therapy manufacturing facility from Atara Biotherapeutics, Inc.
Veru Inc.
Company Overview
| Establishment Year | 1971 |
| Headquarter | The US |
| Key Management | Mr. Mitchell Steiner (CEO) |
| Revenue (US$ Mn) | 39.4 million (2022) |
| Headcount | ~ 233 (2022) |
| Website | https://verupharma.com/ |
About Company
Veru Inc. is a diverse healthcare firm situated at the intersection of pharmaceuticals, biotechnology, and diagnostics. It specializes in advancing medical solutions across various healthcare fields, engaging in research, development, and the marketing of products tailored to address crucial needs in urology, oncology, and sexual health. The company has gained recognition for its groundbreaking efforts in treating prostate cancer, which involve the introduction of innovative medications and treatments like the FDA-approved TADFIN™.
Additionally, A variety of sexual health products under different brand names are manufactured and promoted by Veru Inc. With a steadfast dedication to improving patients’ health and quality of life, the company aims to make a significant impact in the healthcare industry by consistently developing and bringing cutting-edge medical innovations to the market.
Geographical Presence
Veru Inc. is centered primarily in the United States, where it has its headquarters and a significant operational footprint. While its primary activities are concentrated within the U.S., the company’s offerings and services may reach a global audience through distribution arrangements and collaborative ventures with international associates.
While Veru Inc. may engage in international ventures, its primary geographical focus remains firmly within the United States. Here, the company conducts research, development, and the marketing of healthcare solutions, with a particular focus on areas like urology, oncology, and sexual health.
Recent Developments
- In April 2023, Veru Inc. made a deal to sell its ENTADFI® business to Blue Water Acquisition Corp. They agreed on $20 million upfront, and there’s a chance Veru Inc. could get an extra $80 million if the ENTADFI® business does well after the sale.
- In May 2023, Veru Inc. entered into a common stock purchase agreement with Lincoln Park Capital for up to $100 million.
Lelo iAb.
Company Overview
| Establishment Year | 2002 |
| Headquarter | Sweden |
| Key Management | Mr. Milivoj Librenjak (CEO) |
| Revenue (US$ Mn) | 103 (2022) |
| Headcount | ~ 300 (2022) |
| Website | www.lelo.com |
About Company
LELO iAB is a well-known Swedish company specializing in the creation of premium intimate lifestyle products. With a history dating back to 2002, LELO has established a global reputation for its unwavering commitment to innovation and quality within the realm of intimate wellness.
The company’s product portfolio encompasses a diverse range of luxurious and technologically advanced items, including vibrators, massagers, intimate accessories, and sexual wellness devices. LELO iAB is celebrated for its dedication to design excellence, incorporating top-tier materials and cutting-edge technology to ensure that its products not only deliver satisfaction but also promote health and well-being. With a presence spanning the globe, LELO iAB is dedicated to championing sexual wellness, nurturing intimacy, and enhancing the overall quality of relationships.
Geographical Presence
LELO iAB has a global presence, reaching customers across various regions and countries worldwide. While the company is based in Sweden, its products are distributed internationally through a network of retailers, e-commerce platforms, and partnerships.
LELO IAB’s luxurious and technologically advanced intimate lifestyle products are available to consumers in numerous countries, making it a well-recognized and accessible brand in the field of sexual wellness and intimate wellness across the globe.
Recent Developments
- In September 2023, LELO iAB introduced a revolutionary new product the LELO Dot™, a clit-specific vibrator that enables multiple orgasms. Utilizing Infinite™ Loop Technology, the device features a figure-eight oscillation in a constant rhythm.
- In June 2022, LELO iAB will offer an app-connected dual vibrator called IDA™ Wave, which can be used solo or with a partner. The device offers external vibrations and internal rotations for a fuller feeling within.
Cupid Limited
Company Overview
| Establishment Year | 1993 |
| Headquarter | India |
| Key Management | Mr. Omprakash Chhangamal Garg (MD & Chairman) |
| Revenue (US$ Mn) | 13.27 Million(2022) |
| Headcount | ~ 51 (2022) |
| Website | www.cupidlimited.com |
About Company
Cupid Limited, an Indian company established in 1993, specializes in the production and distribution of healthcare products with a main focus on sexual and reproductive health. The company is known for its dedication to promoting safe and health-conscious lifestyles. Their product line includes various forms of contraceptives, such as male and female condoms, aimed at preventing unintended pregnancies and the transmission of sexually transmitted infections (STIs).
Cupid Limited is deeply committed to ensuring the accessibility and affordability of its healthcare products, striving to reach a broad and diverse customer base. Their mission revolves around enhancing public health, particularly in the field of sexual and reproductive well-being, by advocating for safe practices and addressing essential healthcare needs.
Geographical Presence
Cupid Limited has a notable geographical presence that extends beyond India. While it is based in India, the company’s healthcare products, particularly contraceptives, are distributed and available in various regions around the world.
This global reach allows Cupid Limited to make its healthcare solutions, including male and female condoms, accessible to a wide and diverse audience, contributing to public health initiatives in multiple countries.
Okamoto Industries, Inc.
Company Overview
| Establishment Year | 1934 |
| Headquarter | Japan |
| Key Management | Toshio Tamura (CEO) |
| Revenue (US$ Mn) | 89,581 (2022) |
| Headcount | ~ 2,469 (2022) |
| Website | www.okamoto-inc.jp/en/ |
About Company
OKAMOTO INDUSTRIES, INC. is a prominent player in the sexual health and wellness industry, specializing in the production and distribution of high-quality condoms and related products. With a core mission of promoting safe and enjoyable sexual experiences, OKAMOTO has built a solid reputation as a trusted brand that prioritizes quality and innovation.
The company offers a diverse range of condoms to cater to different preferences and needs, all carefully crafted from premium materials and subject to strict quality controls to ensure their effectiveness and reliability. Beyond condoms, OKAMOTO INDUSTRIES, INC. is actively involved in creating and distributing personal lubricants and other intimate wellness products, all aimed at enhancing overall sexual well-being.
By emphasizing pleasure, protection, and healthy relationships, OKAMOTO INDUSTRIES, INC. continues to champion sexual health and empower individuals to have secure and fulfilling sexual encounters.
Geographical Presence
OKAMOTO INDUSTRIES, INC. has a notable geographical presence that extends beyond its home base. While the company is headquartered in Japan, its products, including high-quality condoms and intimate wellness items, are distributed internationally.
This global reach allows OKAMOTO to make its sexual health and wellness solutions accessible to a diverse range of consumers worldwide. By serving a wide array of regions and markets, OKAMOTO INDUSTRIES, INC. contributes to promoting safe and satisfying sexual experiences on a global scale, emphasizing the importance of sexual health and well-being.
Recent Developments
- In January 2023, OKAMOTO announced the launch of its new “ZERO-ONE” condom, which is made from a new type of latex that is said to be thinner and stronger than traditional latex. The ZERO-ONE condom is also said to be more sensitive and provide a more natural feel.
- In February 2023, OKAMOTO announced that it has partnered with the Japanese government to promote condom use among young people. The company has donated 1 million condoms to the government, which will be distributed through schools and youth centers.
Mankind Pharma
Company Overview
| Establishment Year | 1991 |
| Headquarter | India |
| Key Management | Ms. Rajeev Juneja (CEO) |
| Revenue (US$ Mn) | 205.3 (2022) |
| Headcount | ~16,000(2022) |
| Website | www.mankindpharma.com |
About Company
Mankind Pharma was founded by Ramesh C. Juneja in the year 1991. Mankind Pharma is an established pharmaceutical company dedicated to improving healthcare and overall well-being. Known for its commitment to quality and innovation, Mankind Pharma has a history of providing affordable and accessible healthcare solutions.
The company offers a wide range of pharmaceutical products that cover various medical needs across different therapeutic categories. Mankind Pharma goes beyond medications by actively engaging in healthcare awareness programs and community involvement. Through this holistic approach, Mankind Pharma aims to have a positive influence on public health and contribute to the betterment of individuals and communities.
Geographical Presence
Mankind Pharma has a notable global presence that extends from its base in India. Mankind Pharma’s influence extends to various countries across Asia, Africa, the Middle East, and beyond. This extensive global reach enables the company to offer its healthcare products and solutions to a diverse audience, contributing to improved health and well-being on a worldwide scale.
Recent Developments
- In May 2023, Mankind Pharma launched EPIC Condoms, a premium range of flavored condoms.
LifeStyles Condoms
Company Overview
| Establishment Year | 1905 |
| Headquarter | Australia |
| Key Management | Mr. Laurent Faracci (CEO) |
| Revenue (US$ Mn) | $22.6 (2022) |
| Headcount | ~ 51 (2022) |
| Website | https://lifestyles.com/ |
About Company
Lifestyles is a well-established company in the sexual health and wellness industry, renowned for its extensive range of condoms. With a history spanning several decades, the brand has earned the trust of consumers worldwide.
Lifestyles offers a diverse selection of condoms, including various sizes, styles, and materials, ensuring that individuals and couples can find the perfect fit for their needs. The company places a strong emphasis on quality, safety, and reliability, making its products a popular choice for those seeking effective contraception. Furthermore, Lifestyles is committed to sexual health education and awareness, actively promoting responsible and safe sexual practices.
Their products are readily available through various retail outlets and online platforms, making them easily accessible to individuals seeking reliable sexual wellness solutions. Overall, Lifestyles is a respected and trusted name in the industry, dedicated to enhancing the intimate experiences of people while prioritizing their sexual health.
Geographical Presence
LifeStyles Condoms, the globally recognized company in the sexual health industry, maintains a robust geographical presence across multiple continents. With a strong foothold in North America, including the United States and Canada, as well as a significant market share in Europe, encompassing countries like the United Kingdom, Germany, France, and Spain, the company has established itself as a trusted provider of high-quality condoms.
It has also expanded its reach into the Asia-Pacific region, serving consumers in Australia, Japan, India, and other nations. Additionally, LifeStyles Condoms has successfully ventured into Latin American and African markets, with a presence in countries such as Brazil, South Africa, and Mexico.
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