Nigeria Condom Market Size & Outlook, 2023-2030
Nigeria condom market, 2018-2030 (US$M)
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Nigeria condom market highlights
- The Nigeria condom market generated a revenue of USD 109.2 million in 2023 and is expected to reach USD 260.9 million by 2030.
- The Nigeria market is expected to grow at a CAGR of 13.2% 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 109.2 million |
| Market revenue in 2030 | USD 260.9 million |
| Growth rate | 13.2% (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, Nigeria accounted for 0.9% of the global condom market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Nigeria condom market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2.3 million by 2030.
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Condom Market Scope
Condom Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Nigeria 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 93.32% in 2023. Horizon Databook has segmented the Nigeria condom market based on latex, non-latex covering the revenue growth of each sub-segment from 2018 to 2030.
In 2018, the prevalence of HIV among the age group 15 to 49 years was 1.4% in the Nigerian population, which is significantly low compared to other Sub-Saharan countries. However, nearly 1.9 million people were living with HIV. Sex workers, MSM, and injecting drug users (IDUs) are at high-risk of STIs and HIV transmission.
In recent years, condom use among these groups has improved, however, individuals having sex with multiple partners and casual sexual encounters have reported inconsistent use or even unprotected sex. The use of condoms is lower among younger males when compared to females, who insist on using condoms to avoid unintended pregnancies.
Moreover, inconsistent use among youths can be attributed to insufficient availability of quality condoms. Thus, there is a significant demand-supply gap in the country. According to USAID, there is an additional requirement of 600 million condoms in Nigeria, with the current annual use of around 400 million.
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Target buyers of Nigeria condom market databook
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Our clientele includes a mix of condom market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 Nigeria condom market , including forecasts for subscribers. This country databook contains high-level insights into Nigeria condom market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Nigeria condom market size, by material type, 2018-2030 (US$M)
Nigeria Condom Market Outlook Share, 2023 & 2030 (US$M)
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