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[PDF] Cosmetic Oem Odm Market Growing Demands, Supply And Business Outlook In Near Future- Coherent Market Insights
Cosmetic Oem Odm
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.
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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.
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.
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.
Major players operating in the global cosmetic OEM/ODM market include Intercos S.p.A., Kolmar Korea Co. Ltd., Scalpi Cosmética sa, 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.
Detailed Segmentation:
Global Cosmetic OEM/ODM Market, By Product Type:
Color CosmeticsSkin CareHair CareFragrance
Global Cosmetic OEM/ODM Market, By Packaging Category:
Lipstick ContainersLip Gloss Containers & TubesCosmetic PenPowder DispensersCushionBottle With CapBottle With PumpCompactFace StickTubeJar with CapMascara PackagingOthers
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Years Considered to Estimate the Market Size:
History Year: 2015-2019
Base Year: 2021
Estimated Year: 2021
Forecast Year: 2021-2028
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunities.
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