All updated as on -
The market for personal care contract manufacturing was estimated to be worth USD 19,861.10 million in 2022, and it is anticipated to rise at a 9.1% CAGR from 2023 to 2030. As big companies that manufacture personal care goods shift their priority from internal production to R&D and other promotional activities, it is projected that contract manufacturing of these items would rise. In the first two quarters of 2020, the personal care industry saw a significant decline as a result of the COVID-19 pandemic. Due to issues like declining discretionary expenditure, rising unemployment rates, regulatory restrictions, and altered consumer behaviour, less people are using personal care products. However, it is projected that swift immunisation campaigns, fiscal stimulus plans, easy access to e-commerce platforms, and increased consumer demand will spur business growth.
A portion of production activities, including product fabrication and packaging operations, among others, are outsourced as part of contract manufacturing for personal care products. This enables companies in the personal care and cosmetics sector to do rid of obstacles like costly internal production and operating manufacturing facilities. Customers' demand for organic and natural products has been steadily rising as a result of the generally recognised detrimental consequences of their synthetic counterparts, which is expected to drive producers to create new goods and product lines. Many of these personal care products fall under the category of fast-moving consumer goods, which are quite popular, especially in countries with developing economies like Brazil, China, and India. The industry is therefore expected to grow quickly through the year 2030.
Consumers are increasingly embracing concepts that support tailored buying experiences, more transparent packaging, and improved digital disclosure. Once more, it is anticipated that this will benefit the growth of the PCCM industry during the projected timeframe. Manufacturers strive to create products that are both unique and useful while still being readily available. It is projected that as more and more branding and marketing options for the commercialization of personal care products are explored, there will be a significant increase in the demand for contract manufacturers in the near future.
For personal care items, contract manufacturing means outsourcing a piece of the production process, such as the design of physical products or the management of packaging duties. The technique enables businesses in the personal care and cosmetic industries to get rid of issues like expensive internal production and facility management. It is projected that market product demand will rise dramatically in the next years. The market will benefit from consumers' increased awareness of personal hygiene and their increased purchasing power. The increased demand for natural items will also help the personal care contract manufacturing sector grow.
The growing demand for organic personal care products presents tremendous growth possibilities for sector participants. Growing awareness of hair and skin problems has shifted consumers' preferences for mass-produced organic and unique products. They are spending a lot of money on products that contain organic ingredients as a result. Due to young people's concerns about their physical appearance and desire to always appear presentable, the market for personal care contract manufacturing products is anticipated to grow. It is believed that this will have a positive effect on the market because a segment of the population also takes their social, political, and economic beliefs into account when making purchases.
Report Coverage
Global Personal Care Contract Manufacturing research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Personal Care Contract Manufacturing report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Personal Care Contract Manufacturing competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Personal Care Contract Manufacturing market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Personal Care Contract Manufacturing market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Personal Care Contract Manufacturing market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
VVF (India), A.I.G. Technologies, Inc.(U.S.), Sarvotham Care (India), Nutrix International LLC (U.S.), Formula Corp. (U.S.), PLZ Corp (U.S.), Tropical Products (U.S.), ApolloCorp Inc. (U.S.), COVALENCE LABORATORIES (U.S.), McBride (U.K.)., RCP Ranstadt GmbH (Germany), Skinlys (France), ALKOS GROUP (France), ALBEA (Australia), KIK Custom Products Inc. (U.S.), HCT Group (U.K.), Vi-Jon (U.S.), MAESA (U.S.), Fareva (France)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Personal Care Contract Manufacturing market based on the below-mentioned segments:
Global Personal Care Contract Manufacturing Market, By Formulation
Liquids
Creams
Lotions
Oils
Gels
Others
Global Personal Care Contract Manufacturing market, By Application
Skincare
Haircare
Make-up & Color Cosmetics
Fragrances & Deodorants
Others
Global Personal Care Contract Manufacturing market, Regional Analysis
A portion of production activities, including product fabrication and packaging operations, among others, are outsourced as part of contract manufacturing for personal care products. This enables companies in the personal care and cosmetics sector to do rid of obstacles like costly internal production and operating manufacturing facilities. Customers' demand for organic and natural products has been steadily rising as a result of the generally recognised detrimental consequences of their synthetic counterparts, which is expected to drive producers to create new goods and product lines. Many of these personal care products fall under the category of fast-moving consumer goods, which are quite popular, especially in countries with developing economies like Brazil, China, and India. The industry is therefore expected to grow quickly through the year 2030.
Consumers are increasingly embracing concepts that support tailored buying experiences, more transparent packaging, and improved digital disclosure. Once more, it is anticipated that this will benefit the growth of the PCCM industry during the projected timeframe. Manufacturers strive to create products that are both unique and useful while still being readily available. It is projected that as more and more branding and marketing options for the commercialization of personal care products are explored, there will be a significant increase in the demand for contract manufacturers in the near future.
For personal care items, contract manufacturing means outsourcing a piece of the production process, such as the design of physical products or the management of packaging duties. The technique enables businesses in the personal care and cosmetic industries to get rid of issues like expensive internal production and facility management. It is projected that market product demand will rise dramatically in the next years. The market will benefit from consumers' increased awareness of personal hygiene and their increased purchasing power. The increased demand for natural items will also help the personal care contract manufacturing sector grow.
The growing demand for organic personal care products presents tremendous growth possibilities for sector participants. Growing awareness of hair and skin problems has shifted consumers' preferences for mass-produced organic and unique products. They are spending a lot of money on products that contain organic ingredients as a result. Due to young people's concerns about their physical appearance and desire to always appear presentable, the market for personal care contract manufacturing products is anticipated to grow. It is believed that this will have a positive effect on the market because a segment of the population also takes their social, political, and economic beliefs into account when making purchases.
Report Coverage
Global Personal Care Contract Manufacturing research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Personal Care Contract Manufacturing report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Personal Care Contract Manufacturing competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Personal Care Contract Manufacturing market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | VVF (India), A.I.G. Technologies, Inc.(U.S.), Sarvotham Care (India), Nutrix International LLC (U.S.), Formula Corp. (U.S.), PLZ Corp (U.S.), Tropical Products (U.S.), ApolloCorp Inc. (U.S.), COVALENCE LABORATORIES (U.S.), McBride (U.K.)., RCP Ranstadt GmbH (Germany), Skinlys (France), ALKOS GROUP (France), ALBEA (Australia), KIK Custom Products Inc. (U.S.), HCT Group (U.K.), Vi-Jon (U.S.), MAESA (U.S.), Fareva (France) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Personal Care Contract Manufacturing Market from 2021 to 2030.
- Market Forecast for Personal Care Contract Manufacturing Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Personal Care Contract Manufacturing competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Personal Care Contract Manufacturing
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Personal Care Contract Manufacturing market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Personal Care Contract Manufacturing market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
VVF (India), A.I.G. Technologies, Inc.(U.S.), Sarvotham Care (India), Nutrix International LLC (U.S.), Formula Corp. (U.S.), PLZ Corp (U.S.), Tropical Products (U.S.), ApolloCorp Inc. (U.S.), COVALENCE LABORATORIES (U.S.), McBride (U.K.)., RCP Ranstadt GmbH (Germany), Skinlys (France), ALKOS GROUP (France), ALBEA (Australia), KIK Custom Products Inc. (U.S.), HCT Group (U.K.), Vi-Jon (U.S.), MAESA (U.S.), Fareva (France)
Primary Target Market
- Market Players of Personal Care Contract Manufacturing
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Personal Care Contract Manufacturing market based on the below-mentioned segments:
Global Personal Care Contract Manufacturing Market, By Formulation
Liquids
Creams
Lotions
Oils
Gels
Others
Global Personal Care Contract Manufacturing market, By Application
Skincare
Haircare
Make-up & Color Cosmetics
Fragrances & Deodorants
Others
Global Personal Care Contract Manufacturing market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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