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Increasing Product Innovation is a Key Opportunity in China Condom Market

Press release Description

Albany, New York, November 15, 2016: Market Research Reports Search Engine (MRRSE) has announced that its repository now features a new report, titled “Condom Market (Material Type – Latex, Polyurethane, Polyisoprene, PU Leather, Lamb Intestine; End Use – Male condoms, Female condoms; Product Type – Flavoured Condoms, Studded Condoms, Edible Condoms, Warming Condoms, Coloured Condoms) – China Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.” The report by Transparency Market Research (TMR), predicts that China condom market is predicted to reach US$5.04 bn by 2024 from a value of US$1.84 bn in 2015, expanding at a CAGR of 12.0% between 2016 and 2024. 

Increased Protection Level of Latex Condoms to Bring them at Forefront

In terms of material, the report segments the China condom market into polyurethane, latex, lamb intestine, PU leather, polyisoprene, and others. Amongst these materials, the segment of latex is the most preferred segment in the market and thus represented a share of more than half in the revenue of the overall market in 2015. On the basis of volume, this segment constituted a share of more than 60% in the market on the basis of varieties of products in the same year. The reasons for the increasing demand of latex condoms is their low costs and their increased protection level. Latex condoms are also predicted to account for the dominant share in the coming years in terms of both revenue and volume.

Warming Condoms Superseded Studded Condoms in 2015

By product variety, the report categorizes the market into pleasure domed condoms, flavored condoms, glow in the dark condoms, colored condoms, warming condoms, studded condoms, and edible condoms. Of these product types, warming condoms held the most dominant share in the market in terms of both revenue and volume. Revenue-wise, this segment held a share of 27%, while on the basis of volume it constituted a share of 31% in 2015. This segment will maintain its superiority all through 2016 to 2024, reaching a value of US$1.40 bn by 2024. The segment of warming condoms is slightly more dominant than the segment of studded condoms. The segment of studded condoms held a share of 25% and 28% in terms of revenue and volume in the same year.

Increasing Count of Sexually Active Class of Individuals to Stimulate Demand for Condoms in China

The China condom market will rise exponentially due to the increasing role of condoms in prevention from AIDS. In addition, the increasing count of sexually active class of individuals residing in this nation will also bode well for the growth of this market. The expanding female condoms market and the rising employment of homosexual condoms will also stimulate the development of this market in China. Furthermore, the increasing product innovation in the market will work in favor of the growth of this market. On the other hand, the ban on one child policy in China in 2015 will work against the development of the condom market in China.

Browse Full China Condom Market Report with TOChttp://www.mrrse.com/china-condom-market

Karex Industries Sdn Bhd, Reckitt Benckiser Group Plc., Fuji Latex Co. Ltd., Ansell Ltd., The Female Health Company Ltd., Church & Dwight Co. Inc., Sagami Rubber Industries, HLL Life Care Ltd., and Thai Nippon rubber Industry Co. Ltd, among others, are the prominent players in the China condom market, as mentioned in this study.

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