The condoms market in China has exhibited an exponential rise over the past two decades. This is due to the increasing initiatives taken by government for the endorsement of condoms as a safety measure after 2002 in comparison to the earlier plan on condom endorsement primarily as a hygiene measure. This is also proved by the tenfold increase in the annual output of condoms in China in the period 1995 and 2015. The China condom market stood at US$1.84 bn in 2015 and is poised to touch US$5.04 bn by 2024, rising at a healthy 12.0% CAGR from 2016 to 2024.
Browse the full China Condom Market Report: http://www.mrrse.com/china-condom-market
Increasing Awareness about AIDS to Mushroom Demand for Condoms in China
The increasing awareness regarding AIDS and its prevention and the rising market for female condoms is fuelling the development of the China condoms market. In addition, the rising sexually active class and the growing utilization of homosexual condoms will provide impetus to the development of the condoms market in China. On the other hand, China’s demolishment of the one child policy in 2015 has lowered the overall yearly utilization of condoms in this nation. This may impede the overall growth of the market in China in the coming years. Nonetheless, the growing awareness regarding the role of condoms in keeping off from the risk of health complications may boost the development of this market in China.
Economical Cost of Latex Condoms to Boost their Demand
On the basis of material, the China condom market is segmented into Lamb intestine, PU leather, polyisoprene, polyurethane, latex, and others. Of these, the segment of latex held the most significant share in the market and this segment held a share of more than 50% in the market, in terms of revenue, in 2015, while on the basis of volume, the segment of latex condoms held a share of more than 60% in the market in the same year. This is due to the economical cost and increased level of protection exhibited by latex condoms. In addition, the easy customization provided by these condoms in terms of colors, warming lubricants, and flavors will also provide impetus to the segment of latex condoms. This segment is also predicted to maintain its superiority in the coming years on the basis of both revenue and volume by 2024. However, the increasing concerns about the allergic reactions from latex condoms may pose a negative impact on this segment’s growth.
Browse the full Press Release of China Condom Market at :http://www.mrrse.com/condom-market
Warming Condoms held a Revenue share of 31% in 2015
In terms of product variety, the market is segmented into pleasure domed condoms, glow in dark condoms, colored condoms, warming condoms, edible condoms, studded condoms, and flavored condoms. Amongst these, in 2015, the warming condoms segment held the leading position in the market on the basis of both revenue and volume and held a share of 31% and 27%, respectively. This segment will maintain its dominance from 2016 to 2024 and will reach US$ 1.40 bn by 2024 from a value of US$0.50 bn in 2015. This segment was trailed by the segment of studded condoms which held a volume share of more than 28% and revenue share of more than 25% in the same year.
Church & Dwight Co. Inc., Reckitt Benckiser Group Plc., Ansell Ltd., HLL Life Care Ltd., Sagami Rubber Industries, and Fuji Latex Co. Ltd., among others, are the key players dominant in the China condoms market.