Excessive flow expansion in the thruster nozzles reduces the flow temperature and pressure. This provides conditions for the condensation phenomena in the nozzle, which can affect the thrust performance of thrusters. In this paper, the condensation effect of water components in the decomposition products of hydrogen peroxide in a typical thruster nozzle is modeled. To describe the state and properties of the real gas mixture, the Peng-Robinson equation of state is used. Moreover, the effects of H2O2 concentration and nozzle profile on the condensation and nozzle performance parameters are studied. The results show that by more flow expansion and crossing the saturated state of condensable components, the thrust coefficient improves up to 6%. This improvement decreases by increasing the H2O2 concentration in the reaction chamber for a fixed nozzle expansion ratio. Due to the small growth of droplets during the free molecular regime of the droplet growth in the high-speed flow, the non-equilibrium condensation continues until the nozzle outflow. In addition, although all the profiles have the same expansion ratio for nucleation start, increasing the nozzle length results in larger nano-droplets, more liquid mass fraction formation up to 4%, and moving the Wilson point to the further upstream sections in the nozzle.