Mexico Condom Market Size & Outlook, 2023-2030
Mexico condom market, 2018-2030 (US$M)
Related Markets
Mexico condom market highlights
- The Mexico condom market generated a revenue of USD 167.3 million in 2023 and is expected to reach USD 306.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, latex was the largest revenue generating material type in 2023.
- Non-latex is the most lucrative material type segment registering the fastest growth during the forecast period.
Condom market data book summary
| Market revenue in 2023 | USD 167.3 million |
| Market revenue in 2030 | USD 306.4 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Latex |
| Fastest growing segment | Non-latex |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Latex, Non-latex |
| Key market players worldwide | Reckitt Benckiser Group PLC, Church & Dwight Co Inc, Veru Inc, Pasante Healthcare, Mankind Pharma, Sagami Rubber Industries, Fuji Latex, karex, Okamoto Industries, LELO, TruArc Partners, Cupid, JOM Group |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.4% of the global condom market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil condom market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 269.3 million by 2030.
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Condom Market Scope
Condom Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico condom market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to condom market will help companies and investors design strategic landscapes.
Latex was the largest segment with a revenue share of 89.12% in 2023. Horizon Databook has segmented the Mexico condom market based on latex, non-latex covering the revenue growth of each sub-segment from 2018 to 2030.
The adoption of condoms in Mexico is very low due to factors such as prejudice regarding contraceptive and lack of awareness about its proper use, which is contributing to increase in the prevalence of HIV and other STD infections.
For instance, according to National Center for the Prevention and Control of HIV and AIDS (CENSIDA), the prevalence of HIV infection in Mexico increased from 33 cases per day in 2017 to 41 cases per day in 2018.
Organizations are taking measures to increase awareness regarding the use of condoms, especially among individuals in the age group of 15 to 29, the group with the highest rate of Sexually Transmitted Infection (STI). Another factor responsible for low adoption of condoms is the fact that male sex workers earn more money if they avoid the use of a condom.
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Our clientele includes a mix of condom market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico condom market , including forecasts for subscribers. This country databook contains high-level insights into Mexico condom market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico condom market size, by material type, 2018-2030 (US$M)
Mexico Condom Market Outlook Share, 2023 & 2030 (US$M)
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