According to the latest report by IMARC Group, “Global Personal Care Contract Manufacturing Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global personal care contract manufacturing market reached a value of US$ 18.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 29.76 Billion by 2027, exhibiting a CAGR of 8.30% during 2022-2027.
Personal care contract manufacturing is a subcontracting service provided to product owners by a contract-based manufacturer. It includes testing, designing, manufacturing, packaging, and distributing hair, skin, body, and personal care products that are widely utilized in resorts, spas, public spaces, hotels, and mass marketing locations. It offers several advantages to the product owners, such as access to high-end logistics, quick product launch to the market, and a significant reduction in overall costs. As a result, personal care contract manufacturing is gaining traction across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
| Report Metric |
| Historical: 2016-2021 |
| Base Year: 2021 |
| Forecast Year: 2022-2027 |
Personal Care Contract Manufacturing Market Trends and Drivers:
The market is primarily driven by the escalating demand for cosmetics and personal care products due to the changing lifestyles and rising female working population. Besides this, the growing consumer awareness regarding the long-term effects of using synthetic chemicals and consequent demand for herbal and natural skin care products manufactured with organic ingredients are also contributing to the market growth.
In addition, the market is further propelled by the growing influence of social media platforms and significant development of the distribution channels. Moreover, the rising disposable incomes of individuals and extensive research and development (R&D) activities conducted by key players to produce customized formulations are also expected to propel the market growth in the coming years.
Global Personal Care Contract Manufacturing Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
A.I.G. Technologies Inc., ApolloCorp Inc., Beautech Industries Limited, CoValence Laboratories, Formula Corporation, McBride plc, Nutrix International LLC, PLZ Corp., Sarvotham Care Limited, Skinlys, Tropical Products Inc. and VVF Limited.
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The report has segmented the market on the basis of region, product types, formulation, service and applications.
Breakup by Product Types:
- Natural Products or Herbal Products
- Synthetic Products
Breakup by Formulation:
- Liquids
- Creams
- Lotions
- Oils
- Gels
- Others
Breakup by Service:
- Manufacturing
- Custom Formulation and R & D
- Packaging
- Others
Breakup by Applications:
- Skin Care
- Hair Care
- Make-Up and Color Cosmetics
- Fragrances and Deodorants
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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