(MENAFN- PR Newswire) NEW YORK, March 21, 2023 /PRNewswire/ -- The global personal care contract manufacturing market size is estimated to grow by USD 8.1 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 7.36% during the forecast period. The growth of the market is driven by factors such as the increasing awareness among consumers about personal hygiene, rising demand for flexible and innovative packaging, and the growth and expansion of cosmetic sector. However, high investment expenditures and poor returns will challenge the growth of the market. For more insights on the historic data (2017 to 2021) and forecast market size (2023
to 2027)
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![Technavio has announced its latest market research report titled Global Personal Care Contract Manufacturing Market 2023-2027]( "Technavio has announced its latest market research report titled Global Personal Care Contract Manufacturing Market 2023-2027")
Technavio has announced its latest market research report titled Global Personal Care Contract Manufacturing Market 2023-2027
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Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial -
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Global Personal Care Contract Manufacturing Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on product type (skin care, hair care, make-up and cosmetics, and others), service (manufacturing, packaging, and custom formulation), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
The market will witness significant growth in the skin care segment during the forecast period. The rising incidence of dermal conditions is one of the key factors driving the growth of the segment. Also, the increasing penetration of multifunctional solutions, such as moisturizers, face creams, body wash, and oils is driving the growth of the segment.
Geography Overview
By geography, the global personal care contract manufacturing market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global personal care contract manufacturing market.
APAC will account for 37% of the market growth during the forecast period. The expansion of the millennial population in countries such as China, India, and Vietnam is driving the growth of the regional market. The increased awareness of cosmetics products such as face make-up, hairstyling, and coloring products is another major factor driving the growth of the personal care contract manufacturing market in APAC.
Insights on the market contribution of various segments including country and region wise, historic data (2017 to 2021), and forecast market size (2023
to 2027)
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Global Personal Care Contract Manufacturing Market
– Vendor Analysis
The global personal care contract manufacturing market is fragmented due to the presence of a large number of contract manufacturers. Prominent vendors are centered on the adoption of various strategic initiatives, such as mergers, acquisitions, partnership agreements, and others, for the consolidation of their industry position. They are continually seeking to expand their local manufacturing facilities and market presence. Some of the key vendors covered in this report include:
Albea Services SAS
- The company offers a wide range of cosmetic packing accessories through contract manufacturing business process. Kolmar Korea
- The company offers a wide range of beauty care products such as liquid foundations, creams, lotions, and skin care through contract manufacturing process. FAREVA SA
- The company offers personal care contract manufacturing for cosmetic products through subcontracting orders to various OEM players. Formula Corp.
- The company offers a contract packaging business through purchasing team which works together with a number of local manufacturers to develop vast packaging options for household, skin care, and personal care products.
Global Personal Care Contract Manufacturing Market
– Market Dynamics
Key factor driving market growth
The market is driven by the increasing awareness among consumers about personal hygiene. Consumers have more conscious about personal hygiene since the outbreak of COVID-19. Government bodies across the world are introducing various programs to educate people on the significance of using personal hygiene products. These factors have increased the sales of personal products and positively affected the growth of the global personal care contract manufacturing market.
Leading trends influencing the market
Influence through social media and blogging is identified as the key trend in the market. The importance of social media marketing is gaining prominence with increasing number of active social media users. Social media platforms such as Instagram, Facebook, and YouTube are providing opportunities for brands to showcase and promote their products. The use of social media marketing has increased the awareness of products among consumers and consequently boosted the sales of market players. This trend will have a positive influence on the growth of the market in focus over the forecast period.
Major challenges hindering the market growth
High investment expenditures and poor returns will hinder the growth of the market. The use of quality items increases the overall manufacturing costs of vendors. The intense competition from other players coupled with the entry of easy access to counterfeits have further challenged the growth of vendors. The high investment associated with manufacturing increases the risk level for vendors. All these factors are significant impediments to the growth of the global personal care contract manufacturing market.
Insights on market drivers, trends, & Challenges, historic period (2017 to 2021), and forecast period (2023 to 2027) -
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What are the key data covered in this personal care contract manufacturing market report?
CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the personal care contract manufacturing market between 2023 and 2027 Precise estimation of the size of the personal care contract manufacturing market and its contribution to the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the personal care contract manufacturing market industry across APAC, North America, Europe, Middle East and Africa, and South America A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of personal care contract manufacturing market vendors
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| Personal Care Contract Manufacturing Market Scope |
| Report Coverage | Details |
| Base year | 2022 |
| Historic period | 2017-2021 |
| Forecast period | 2023-2027 |
| Growth momentum & CAGR | Accelerate at a CAGR of 7.36% |
| Market growth 2023-2027 | USD 8.1 billion |
| Market structure | Fragmented |
| YoY growth 2022-2023
(%) | 6.21 |
| Regional analysis | APAC, North America, Europe, Middle East and Africa, and South America |
| Performing market contribution | APAC at 37% |
| Key countries | US, Canada, China, India, and Germany, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea |
| Competitive landscape | Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
| Key companies profiled | AIG Technologies, Albea Services SAS, ANJAC Health and Beauty, Beautech, Cosmetic Group USA Inc., CoValence laboratories, FAREVA SA, Formula Corp., KIK Custom Products Inc., KDC One, Kolmar Korea, McBride Plc, Nutrix International LLC, RCP Ranstadt GmbH, Sarvotham Care Ltd., Tropical Products, UNIVERSAL PACKAGING SYSTEMS Inc., Vi Jon LLC, VVF Group, and World Wide Packaging LLC |
| Market dynamics | Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Reports
Table of contents:
1 Executive Summary
1.1 Market overview Exhibit 01: Executive Summary – Chart on Market Overview Exhibit 02: Executive Summary – Data Table on Market Overview Exhibit 03: Executive Summary – Chart on Global Market Characteristics Exhibit 04: Executive Summary – Chart on Market by Geography Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type Exhibit 06: Executive Summary – Chart on Market Segmentation by Service Exhibit 07: Executive Summary – Chart on Incremental Growth Exhibit 08: Executive Summary – Data Table on Incremental Growth Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem Exhibit 10: Parent market Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global personal care contract manufacturing market 2017 - 2021
Exhibit 18: Historic Market Size – Data Table on Global personal care contract manufacturing market 2017 - 2021 ($ billion)
4.2 Product type Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size – Product type Segment 2017 - 2021 ($ billion)
4.3 Service Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size – Service Segment 2017 - 2021 ($ billion)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product Type
6.1 Market segments Exhibit 30: Chart on Product Type - Market share 2022-2027 (%) Exhibit 31: Data Table on Product Type - Market share 2022-2027 (%)
6.2 Comparison by Product Type
Exhibit 32: Chart on Comparison by Product Type Exhibit 33: Data Table on Comparison by Product Type
6.3 Skin care - Market size and forecast 2022-2027
Exhibit 34: Chart on Skin care - Market size and forecast 2022-2027 ($ billion) Exhibit 35: Data Table on Skin care - Market size and forecast 2022-2027 ($ billion) Exhibit 36: Chart on Skin care - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Skin care - Year-over-year growth 2022-2027 (%)
6.4 Hair care - Market size and forecast 2022-2027
Exhibit 38: Chart on Hair care - Market size and forecast 2022-2027 ($ billion) Exhibit 39: Data Table on Hair care - Market size and forecast 2022-2027 ($ billion) Exhibit 40: Chart on Hair care - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Hair care - Year-over-year growth 2022-2027 (%)
6.5 Make-up and cosmetics - Market size and forecast 2022-2027
Exhibit 42: Chart on Make-up and cosmetics - Market size and forecast 2022-2027 ($ billion) Exhibit 43: Data Table on Make-up and cosmetics - Market size and forecast 2022-2027 ($ billion) Exhibit 44: Chart on Make-up and cosmetics - Year-over-year growth 2022-2027 (%) Exhibit 45: Data Table on Make-up and cosmetics - Year-over-year growth 2022-2027 (%)
6.6 Others - Market size and forecast 2022-2027
Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ billion) Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ billion) Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%) Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
6.7 Market opportunity by Product Type
Exhibit 50: Market opportunity by Product Type ($ billion) Exhibit 51: Data Table on Market opportunity by Product Type ($ billion)
7 Market Segmentation by Service
7.1 Market segments Exhibit 52: Chart on Service - Market share 2022-2027 (%) Exhibit 53: Data Table on Service - Market share 2022-2027 (%)
7.2 Comparison by Service
Exhibit 54: Chart on Comparison by Service Exhibit 55: Data Table on Comparison by Service
7.3 Manufacturing - Market size and forecast 2022-2027
Exhibit 56: Chart on Manufacturing - Market size and forecast 2022-2027 ($ billion) Exhibit 57: Data Table on Manufacturing - Market size and forecast 2022-2027 ($ billion) Exhibit 58: Chart on Manufacturing - Year-over-year growth 2022-2027 (%) Exhibit 59: Data Table on Manufacturing - Year-over-year growth 2022-2027 (%)
7.4 Packaging - Market size and forecast 2022-2027
Exhibit 60: Chart on Packaging - Market size and forecast 2022-2027 ($ billion) Exhibit 61: Data Table on Packaging - Market size and forecast 2022-2027 ($ billion) Exhibit 62: Chart on Packaging - Year-over-year growth 2022-2027 (%) Exhibit 63: Data Table on Packaging - Year-over-year growth 2022-2027 (%)
7.5 Custom formulation - Market size and forecast 2022-2027
Exhibit 64: Chart on Custom formulation - Market size and forecast 2022-2027 ($ billion) Exhibit 65: Data Table on Custom formulation - Market size and forecast 2022-2027 ($ billion) Exhibit 66: Chart on Custom formulation - Year-over-year growth 2022-2027 (%) Exhibit 67: Data Table on Custom formulation - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Service
Exhibit 68: Market opportunity by Service ($ billion) Exhibit 69: Data Table on Market opportunity by Service ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 71: Chart on Market share by geography 2022-2027 (%) Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison Exhibit 74: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion) Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion) Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ billion) Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ billion) Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ billion) Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ billion) Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion) Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion) Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.7 South America - Market size and forecast 2022-2027
Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ billion) Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ billion) Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ billion) Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ billion) Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ billion) Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ billion) Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 India - Market size and forecast 2022-2027
Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ billion) Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ billion) Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%) Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)
9.11 Germany - Market size and forecast 2022-2027
Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ billion) Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ billion) Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.12 Canada - Market size and forecast 2022-2027
Exhibit 111: Chart on Canada - Market size and forecast 2022-2027 ($ billion) Exhibit 112: Data Table on Canada - Market size and forecast 2022-2027 ($ billion) Exhibit 113: Chart on Canada - Year-over-year growth 2022-2027 (%) Exhibit 114: Data Table on Canada - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 115: Market opportunity by geography ($ billion) Exhibit 116: Data Tables on Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2022 and 2027
11 Vendor Landscape
11.2 Vendor landscape Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption Exhibit 119: Overview on factors of disruption
11.4 Industry risks Exhibit 120: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 Albea Services SAS Exhibit 123: Albea Services SAS - Overview Exhibit 124: Albea Services SAS - Product / Service Exhibit 125: Albea Services SAS - Key offerings
12.4 Cosmetic Group USA Inc.
Exhibit 126: Cosmetic Group USA Inc. - Overview Exhibit 127: Cosmetic Group USA Inc. - Product / Service Exhibit 128: Cosmetic Group USA Inc. - Key offerings
12.5 FAREVA SA Exhibit 129: FAREVA SA - Overview Exhibit 130: FAREVA SA - Product / Service Exhibit 131: FAREVA SA - Key offerings
12.6 Formula Corp. Exhibit 132: Formula Corp. - Overview Exhibit 133: Formula Corp. - Product / Service Exhibit 134: Formula Corp. - Key offerings
12.7 KDC One Exhibit 135: KDC One - Overview Exhibit 136: KDC One - Product / Service Exhibit 137: KDC One - Key offerings
12.8 KIK Custom Products Inc.
Exhibit 138: KIK Custom Products Inc. - Overview Exhibit 139: KIK Custom Products Inc. - Product / Service Exhibit 140: KIK Custom Products Inc. - Key offerings
12.9 Kolmar Korea Exhibit 141: Kolmar Korea - Overview Exhibit 142: Kolmar Korea - Product / Service Exhibit 143: Kolmar Korea - Key offerings
12.10 McBride Plc Exhibit 144: McBride Plc - Overview Exhibit 145: McBride Plc - Business segments Exhibit 146: McBride Plc - Key offerings Exhibit 147: McBride Plc - Segment focus
12.11 Nutrix International LLC
Exhibit 148: Nutrix International LLC - Overview Exhibit 149: Nutrix International LLC - Product / Service Exhibit 150: Nutrix International LLC - Key offerings
12.12 Sarvotham Care Ltd. Exhibit 151: Sarvotham Care Ltd. - Overview Exhibit 152: Sarvotham Care Ltd. - Product / Service Exhibit 153: Sarvotham Care Ltd. - Key offerings
12.13 Tropical Products Exhibit 154: Tropical Products - Overview Exhibit 155: Tropical Products - Product / Service Exhibit 156: Tropical Products - Key offerings
12.14 UNIVERSAL PACKAGING SYSTEMS Inc.
Exhibit 157: UNIVERSAL PACKAGING SYSTEMS Inc. - Overview Exhibit 158: UNIVERSAL PACKAGING SYSTEMS Inc. - Product / Service Exhibit 159: UNIVERSAL PACKAGING SYSTEMS Inc. - Key offerings
12.15 Vi Jon LLC Exhibit 160: Vi Jon LLC - Overview Exhibit 161: Vi Jon LLC - Product / Service Exhibit 162: Vi Jon LLC - Key offerings
12.16 VVF Group Exhibit 163: VVF Group - Overview Exhibit 164: VVF Group - Product / Service Exhibit 165: VVF Group - Key offerings
12.17 World Wide Packaging LLC
Exhibit 166: World Wide Packaging LLC - Overview Exhibit 167: World Wide Packaging LLC - Product / Service Exhibit 168: World Wide Packaging LLC - Key offerings
13 Appendix
13.2 Inclusions and exclusions checklist
Exhibit 169: Inclusions checklist Exhibit 170: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 171: Currency conversion rates for US$
13.4 Research methodology Exhibit 172: Research methodology Exhibit 173: Validation techniques employed for market sizing Exhibit 174: Information sources
13.5 List of abbreviations
Exhibit 175: List of abbreviations
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