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Cosmetic oem or odm market | Coherent Market Insights

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Cosmetic oem or odm market | Coherent Market Insights

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  1. Coherent Market Insight Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ Covid-19 Impact Tracker

  2. COSMETIC OEM/ODM MARKET ANALYSIS • Cosmetic OEM/ODM Market Report, by Product Type (Color Cosmetics, Skin Care, Hair Care, and Fragrance), by Packaging Category (Lipstick Containers, Lip Gloss Containers & Tubes, Cosmetic Pen, Powder Dispensers, Cushion, Bottle With Cap, Bottle With Pump, Compact, Face Stick, Tube, Jar with Cap, Mascara Packaging, and Others), by Filling Technology (Airless Filling Technology, Aerosol Filling Technology, Cosmetic Jar Filling Technology, Liquid Filling Technology, Compact Powder Filling Technology, Mascara Filling Technology, Lipstick Filling Technology, Tube Filling Technology, Cosmetic Pencil Filling Technology, and Others), by End User (Independent Brands, Legacy Brands, And Private Label Brands), and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. Cosmetic OEM/ODM manufacturers have extensive knowledge and expertise in the entire beauty and personal care products development and manufacturing process. Through OEM/ODM manufacturers, provides finished products to beauty and personal care brands. • Private label and independent brands are mainly dependent on outsourcing for manufacturing of its products. Increasing demand for private label and independent brands is driving more and more players to enter the full buy provider business model. According to Coherent Market Insights’ analysis, global private label sales of beauty and personal care products in 2016 was valued at US$ 12.6 billion, which increased to US$ 12.8 billion in 2017.

  4. Key players operating in the cosmetic OEM/ODM market are offering innovative designing and packaging solutions to attract customers, thereby supporting growth of the cosmetic OEM/ODM market, globally. For instance, in 2018, Schwanhäußer Holding GmbH & Co. KG launched cosmetic pencil with a ceramic case. Furthermore, in the same year, it launched wooden cosmetic pencils.

  5. Rising awareness regarding toxic effects of chemicals used in BPC products has led to a shift in consumer preference towards organic and natural ingredient-based products. Cosmetic OEM/ODM have witnessed growth opportunities in production of organic products or products formulated with extracts derived from natural products such as seeds, fruits, and flower extracts. For instance, according to data released by the Organic Trade Association in May 2017, in the U.S., the sales of non-food organic products reached US$ 3.9 billion in 2016, which was an increase of around 9% from 2015, of which organic personal care products held major market share.

  6. Cosmetic manufacturing is regulated by government regulatory agencies. Furthermore, different raw materials used in cosmetics manufacturing are also regulated.  This in turn is restraining growth of the cosmetic ODM/OEM market. For instance, EC Regulation 1223/2009 regulates cosmetic products that are available in the EU market to ensure safety of products and reporting of serious undesirable effects. It also regulates manufacturing and labelling of cosmetic products. • The global cosmetic OEM/ODM market was valued at US$ 50 billion in 2018 and is expected to exhibit a CAGR of 5.7% over the forecast period (2019 – 2027), to reach US$ 80.4 billion by 2027.

  7. Figure 1. Global Cosmetic OEM/ODM Market Share (%), By Region, 2018

  8. Among regions, Asia Pacific accounted for the largest market share of 34.2% in 2018. This is attributed to growing beauty and personal care industry in the region. For instance, according to the Personal Care & Cosmetics Products Country Guide: Australia, published by the U.S. Department of Commerce in 2016, Australia’s total personal care and cosmetics market was valued at around US$ 3.4 billion in 2015. Moreover, the report also states that average annual spending on cosmetics in Australia is US$ 146 and US$ 223 in Japan, as compared to US$ 139 in the U.S.

  9. Among product type, skin care segment held significant market share in 2018 in the global cosmetic OEM/ODM market. This is attributed to increasing demand for lotions, moisturizers, and body wash among others. According to The Cosmetic Toiletry & Perfumery Association 2017 report, the cosmetics industry was valued over US$ 12.30 billion in 2017 in the U.K, of which 23.6% was accounted by the skin care industry. The report also stated that the skin care industry in the U.K witnessed a growth of 1.5% in 2017 and reached US$ 2.90 billion in December 2017, from US$ 2.86 billion in December 2016.

  10. Figure 2. Global Cosmetic OEM/ODM Market Share (%) Analysis, By Product Type, 2018

  11. Players operating in the global cosmetic OEM/ODM market are adopting various growth strategies to expand their customer base. For instance, in March 2019, KBL Cosmetics launched a new innovation design product i.e. Foldable Triangle Eyeshadow. In 2017, Cosmax acquired full stake in the U.S. cosmetics developer and manufacturer, Nuworld, for US$ 50 million. Cosmax plans to enhance its local manufacturing facility as well as research and marketing to gain a competitive edge in the U.S. cosmetics manufacturing market. In 2017, Cosmecca Korea announced to set up its third factory in Pinghu, Zhejiang Province, China. This new site will increase Cosmecca’s production in China to 240 million units.

  12. Major players operating in the global cosmetic OEM/ODM market include IntercosS.p.A., Kolmar Korea Co. Ltd., ScalpiCosméticasa, Cosmecca Korea Co., Cosmax Inc., Mana Products Inc., KBL cosmetics Ltd., Urist Cosmetics Incorporated, Fareva Holding SA, Milliona Cosmetics Co., Ltd., Skinlys, Maesa SAS, Schwanhäußer Holding GmbH & Co. KG, Tricorbraun Inc., Herrco Cosmetics Limited, Architectural Beauty, Allure Labs Inc., Case Mason Filling, Inc., Pardaco Trading Pte Ltd, and KDC/ONE among others.

  13. REQUEST SAMPLE • DOWNLOAD PDF • REQUEST CUSTOMIZATION • TALK TO ANALYST REFERENCE https://www.coherentmarketinsights.com/market-insight/cosmetic-oem-odm-market-3089

  14. About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  15. Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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