Cupid Ltd Leading India Female Condoms Market Growing at 35% CAGR
Rising youth population, increasing
consumer awareness about HIV/STIs, expanding product portfolio and growing
e-commerce penetration to drive condom market in India through 2022
According to TechSci Research
report, “India Condom Market By Type, By
Distribution Channel Competition Forecast & Opportunities, 2022”,
India condom market is projected to reach $ 180 million by 2022. Escalating incidences
of HIV/STIs, rising awareness about the condom use coupled with from boisterous
efforts of various government bodies such as National AIDS Control Organisation
(NACO) and AIDS Healthcare Foundation (AHF) are expected to propel market
demand for contraceptives in the coming years.
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91 market data Figures and 17 Tables spread through 125 Pages and an in-depth
TOC on "India Condom Market"
https://www.techsciresearch.com/report/india-condom-market/1595.html
The condom market in India broadly
classified into male and female condoms. Male condom segment account for a dominant
share in the country’s condom market, with the segment having showcased
phenomenal growth over the last few years. Market growth is also being hugely
influenced by increase in use of condoms among youth population, especially in
urban areas, to stay safe from HIV and STDs. Female condom market is in its nascent
stage and is expected to experience higher demand during the forecast period on
the back of free femidoms being distributed by UNFPA and market leaders such as
Cupid Limited and Female Health Company.
Cupid Ltd. is leading India’s
female condom market followed by HLL Healthcare, Population Services
International, etc. The female condom market is growing at 35% CAGR in the
country and turning out to be the most lucrative segment for the players in the
industry.
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Presence of abundant natural
rubber resources and easy access to port makes South India an ideal location
for setting up condom manufacturing unit. Additionally, increasing working
population base in South India coupled with the extension of average marriable
age from 23-24 years to 27-28 years would act as drivers for India condom
market over the next five years.
“India Condom Market By Type, By Distribution
Channel Competition Forecast & Opportunities, 2022” has evaluated the future growth potential of India condom
market and provides
statistics and information on market size, structure and market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment evaluation. Besides, the report also identifies
and analyzes the emerging trends along with essential drivers, challenges and
opportunities emerging in India condom market.
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