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Cosmetic OEM/ODM Market Data and In-depth Analysis to 2032 | Top Key Players: COSMAX, Toyo Beauty, Cosmecca

05-16-2024 11:22 AM CET | Fashion, Lifestyle, Trends

Press release from: Global Market Vision

cosmetic OEM/ODM market

cosmetic OEM/ODM market

Future Market Consulting has published a research report on the "Global Cosmetic OEM/ODM Market", which provides a comprehensive outline of the factors responsible for the market growth from 2018 to 2032. The Cosmetic OEM/ODM Market value is USD XX million in 2023 and is expected to grow to USD XX million by 2032 with a CAGR of 6.5% during the forecast period.

Early design companies create designs and specifications for products sold by cosmetic companies. Awareness and concern about the safety of skincare and other products will lead to the growth of the cosmetics OEM/ODM market. For example, Johnson & Johnson announced in 2019 that it would stop selling talcum powder in North America due to concerns about the safety of the product. The increasing demand for hair care products boosts the growth of the cosmetic OEM/ODM market. Global hair care needs are changing, with hair loss, hair damage, and hair thinning increasing. Air pollution causes hair loss, and scientists have found that hair exposure to air pollution reduces the amount of protein in the hair. Protein is important for hair growth and maintenance. The rise in strict regulation regarding the products hinders the growth of the cosmetic OEM/ODM market. The cosmetics sector is highly regulated, with stringent rules governing component limitations, labeling, and product safety. Regional variations in these regulations might be a challenge for multinational corporations. The increasing focus on the innovation of the products creates a lucrative opportunity for the growth of the market. New trends and ingredients are continually appearing in the cosmetics market, which is always changing. OEMs and ODMs can profit from this by making R&D investments and providing brands with innovative solutions.

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By Leading Players of Cosmetic OEM/ODM Market:
COSMAX Corporation (US), Toyo Beauty Co. Ltd. (Japan), Nox Bellcow Cosmetics Co. Ltd. (China), Picaso Cosmetic Laboratory Group (China), Kolmar Korea (South Korea), Ancorotti Cosmetics S.r.l. (Italy), Cosmo Beauty Company Ltd. (Japan), Cosmecca Korea (South Korea), The Fareva Group (France), B. Kolormakeup Skincare S.p.a (Italy), Others

Packaging Type is the fastest-growing segment in the cosmetic OEM/ODM market.
The demand for Skin Care Cosmetic Original Equipment Manufacturing (OEM) and Original Design Manufacturing (ODM) services is driven by several key factors. The skincare industry is highly competitive and continually evolving, with consumers seeking innovative and effective solutions to address a wide range of skin concerns. Brands often turn to OEM/ODM providers to access cutting-edge formulations and technologies, allowing them to introduce new and competitive products to the market swiftly. The desire for customization and brand differentiation fuels the demand for OEM/ODM services. Skincare brands can collaborate with manufacturers to create unique product formulations, packaging, and branding, enhancing their market presence and meeting the diverse needs of consumers.
Global Cosmetic OEM/ODM Market Segmentation:
By Nature
Natural/Organic Products
Synthetic Products

By End Use
Prestige Brands
Private Labels
Mass Brands
Indie Brands

By Product Type
Color Cosmetics (Facial Products, Lip Products, Eye Products, Nail Products, Other Color Cosmetics)
Skin Care (Creams, Lotions, Toners, Facial Cleansers, Sunscreen, Face Packs/ Masks, Others)
Hair Care (Shampoos, Conditioners, Hair Rinses, Hair Dyes, Hair Tonics, Hair Styling Products)
Body Care (Soaps, Shower Gels, Creams, Foot Creams, Others)
Fragrance
Other Products

By Packaging Type
Containers & Tubes
Pouches & Sachets
Pens & Roll-on Sticks
Pumps & Dispensers
Droppers
Bottles & Jars
Other Categories

By Region included in report:
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Europe holds the largest market share in the global cosmetic OEM/ODM market.
The demand for cosmetic original equipment manufacturers (OEM) and original design (ODM) services in Europe is mainly driven by several factors. Europe has a strong and dynamic cosmetics industry that emphasizes innovation and quality. Both established and new cosmetic companies are seeking OEM/ODM services, using European products in design and technology to ensure their products meet the high standards customers expect. The strict environmental control area must comply with safety and quality standards, making cooperation with OEM / ODM service providers attractive.

Recent developments in the cosmetic OEM/ODM market for market expansion.
• In March 2021, KBL Cosmetics launched its new and innovative foldable triangle eyeshadow product.
• In June 2022, Pat McGrath introduces Divine Skin, her first skincare product designed to improve your skincare, while Fresh Beauty offers a new face to its best-selling products.
• In 2022, Cosmax launched eco-friendly nail polish with excellent shine and durability. Cosmax, a cosmetic ODM company, also launched a new anti-aging skin microbiome product following the microbiome model. The launch is expected to drive the market share of the company in the forecasted period across the globe especially in the European region.

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