Global Lambskin Condom Market 2017-2021
About Lambskin Condom
Condoms have been in use for a long time for contraceptive measures and protection from sexually transmitted diseases (STDs). Condoms form an integral part of the overall sexual wellness market and constitute a considerable share of it. Sexual wellness widely refers to wellbeing related to sexuality. Products that enhance sexual health and experience include condoms, erotic lingerie, lubricants, sex toys, contraceptives, costumes, accessories, oils, and herbal supplements. These products enhance pleasure and induce an element of adventure during intimacy. They are entering the mainstream market, which is getting bigger every year because of their growing acceptance.
Technavio’s analysts forecast the global lambskin condom market to grow at a CAGR of 2.36% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global lambskin condom market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of lambskin condom.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Lambskin Condom Market 2017-2021
Technavio recognizes the following companies as the key players in the global lambskin condom market: Church & Dwight, Ansell, Reckitt Benckiser, and Sagami Rubber Industries
Other Prominent Vendors in the market are: Shandong Geamay Latex Technology (Polyurethane condom manufacturer), Sir Richard's, Shandong Diligent Group, and Okamoto Industries
Commenting on the report, an analyst from Technavio’s team said: “The nature of the product along with the niche end-user market makes it difficult for vendors to market these products. Further, various associations and product providers are creating awareness through various online channels among end-users. Marketing via social media is helping manufacturers reach out to a larger consumer pool and attract new consumers. The social media is also helping manufacturers increase awareness about lambskin condoms and their benefits. An increase in the number of social network users globally is encouraging vendors and marketers to invest in social media marketing to increase sales and maximize profits. Population Services International is a marketing and promotion platform for educating and creating awareness about products. It offers creative, effective, and successful ideas of reproductive health products and services globally, particularly in developing countries. Young, educated adults are inclined toward social networking sites. Thus, vendors are likely to invest more in these platforms and target young adults, thus creating high demand in the market.”
According to the report, the incorrect use of contraceptives, unprotected sexual intercourse, contraceptive failures, or sexual assaults can lead to unplanned pregnancies. About 60% of all pregnancies in developed regions such as North America, especially the US, are unplanned. Whereas, in Europe and Asia, the percentages are approximately 44% and 38% respectively. The use of effective contraceptive devices can prevent 90% of abortion-related and 20% of pregnancy-related morbidity and mortality cases in developing countries. The growing attention to family planning is well replicated in the policy and fund concentrations of the Hewlett Foundation, Bill & Melinda Gates Foundation, the Department for International Development (DFID), and United States Agency for International Development (USAID).
Further, the report states that the awareness and availability of other methods of contraception are posing threats to the lambskin condom market, which is facing stiff competition from Copper-T implants, sponges, surgical sterilization, oral contraception, and intrauterine devices (IUDs). Apart from the lambskin condom, these methods are also endorsed by various governmental and non-governmental organizations for the purpose of family planning. There is a rising awareness among individuals about various contraceptive choices available in the market and the benefits provided by them, such as avoiding pregnancies or spacing births and achieve the desired family size. The latex condom is a major substitute for the lambskin condom and account for more than 80% effectiveness in terms of prevention of STDs and unplanned pregnancies and are cost-effective. Latex condoms can also be used with water-based lubricants. Also, latex condoms enjoy higher penetration and adoptability in the global market. The ongoing development of the new sexual culture, which is devoid of the stigma attached to the concept of sex, is witnessing the exploration of sexual fantasies, especially among the age group of 15-24 years. This leads to an increase in demand for various methods of contraception. Increased media exposure, a dearth of genuine products, and a supportive environment are encouraging new players to enter the market, thereby fueling the demand for contraceptive methods, such as IUDs, which are reliable as well as attract government and vendor attention, thereby curtailing the growth of the lambskin condom market.
Church & Dwight, Ansell, Reckitt Benckiser, Sagami Rubber Industries, Shandong Geamay Latex Technology (Polyurethane condom manufacturer), Sir Richard's, Shandong Diligent Group, and Okamoto Industries