Personal Care Contract Manufacturing Market Size Expected to Reach US$ 31.9 Bn by 2028, Growing at a CAGR of 8% from 2023 to 2028 - Exclusive Report By IMARC Group

The latest report published by IMARC Group, titled "Personal Care Contract Manufacturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.

Market Overview:

The global personal care contract manufacturing market size reached US$ 19.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.9 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.

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Year Considered to Estimate the Market Size:

• Base Year of the Analysis: 2022
• Historical Period: 2017-2022
• Forecast Period: 2023-2028

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.

Market Trends:

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.

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Personal Care Contract Manufacturing Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global personal care contract manufacturing market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• A.I.G. Technologies Inc.
• ApolloCorp Inc.
• Beautech Industries Limited
• Nutrix International LLC
• PLZ Corp.
• Sarvotham Care Limited
• CoValence Laboratories
• Formula Corporation
• McBride plc
• Skinlys
• Tropical Products Inc.
• VVF Limited.

Key Market Segmentation:

The report has segmented the global personal care contract manufacturing market based on product types, formulation, service, applications and region.

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
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Key Questions Answered in This Report:
• How has the global personal care contract manufacturing market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global personal care contract manufacturing market?
• What are the key regional markets?
• What is the breakup of the market based on the product types?
• What is the breakup of the market based on the formulation?
• What is the breakup of the market based on the service?
• What is the breakup of the market based on the applications?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global personal care contract manufacturing market and who are the key players?
• What is the degree of competition in the industry?

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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