Top 3 Emerging Trends Impacting the Global Lambskin Condom Market from 2017-2021: Technavio

Technavio has published a new report on the global lambskin condom market from 2017-2021. (Graphic: Business Wire)

LONDON--()--Technavio’s latest report on the global lambskin condom market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

The research study by Technavio on the global lambskin condom market for 2017-2021 provides a detailed industry analysis based on the distribution channel (retail outlets and online stores) and geography (the Americas, EMEA, and APAC).

Lambskin condoms are manufactured using the intestinal membrane of lambs and are inspired from the ancient times when condoms were made from animal intestines. Technavio analysts forecast the global lambskin condom market to grow at a CAGR of more than 2% over the forecast period.

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The top three emerging trends driving the global lambskin condom market according to Technavio research analysts are:

  • Increasing awareness through social media marketing
  • Monetary growth among consumers
  • Private sector involvement and pleasure farming in lambskin condoms

Increasing awareness through social media marketing

Non-latex condoms have a niche end-user market, which pushes vendors in the market to adopt innovative marketing strategies. Social media marketing has proved very beneficial and has managed to attract consumers from various demographics,” says Amber Chourasia, a lead analyst at Technavio for health and wellness research.

Social media is helping manufacturers in raising awareness about lambskin condoms and their benefits. Population Services International is a popular marketing and promotion platform for educating and creating awareness about products through creative, effective, and successful ideas of reproductive health products and services globally.

Monetary growth among consumers

The spike number of double-income households, especially in developed and fast-developing countries has greatly increased the disposable income among consumers. The rise in disposable income has created a demand for offbeat products such as skin condoms, despite them being priced relatively more.

Consumers from higher income households seek higher standards of living, enabling them to buy necessities as well as contraceptive products, such as the high-priced lambskin non-latex condom. Lambskin products are clearly witnessing rising adoption rates of monetary growth among consumers.

Private sector involvement and pleasure farming in lambskin condoms

The private sector has established itself as an important partner to the healthcare sector. The involvement of the private sector is an important step in ensuring the availability and affordability to meet the increasing demand,” says Amber.

Partnerships and blended financing mechanisms are becoming increasingly popular, bringing together various partners from both the private and public sectors. The involvement of the private sector has created a positive environment for vendors of non-latex, skin condoms such as lambskin condoms and has successfully diversified the supply of lambskin condoms.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio’s latest report on the global lambskin condom market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com