Personal Care Contract Manufacturing Market Size, Growth Analysis, Share, Key Trends And Forecast To 2033

The new report published by The Business Research Company, titled "Personal Care Contract Manufacturing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the personal care contract manufacturing market size has grown strongly in recent years. It will grow from $21.07 billion in 2023 to $22.86 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The personal care contract manufacturing market size is expected to see strong growth in the next few years. It will grow to $32.58 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.

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Expanding Cosmetic Industry Drives Surge In Personal Care Contract Manufacturing Market
The growth in the cosmetic industry is expected to propel the growth of the personal care contract manufacturing market in the coming future. Cosmetic industry deals with the production and sale of cosmetics, which are broadly defined as any kind of goods or concoctions intended to improve or complement a person's aesthetic or physical appearance. The increase in growth boosts the cosmetic industry as contract manufacturing makes cosmetic production easier to outsource, either completely or partially. For instance, in January 2022, according to Government of UK stats, the cosmetics and healthcare market was quickly expanding, exceeding many other retail sectors and being valued at $33.1 billion by 2022. Therefore, growth in the cosmetic industry is driving the market.

Innovation In Personal Care Contract Manufacturing
Product innovation is the key trend gaining popularity in the personal care contract manufacturing market. Major companies operating in the personal care contract manufacturing market are focused on developing innovative products to strengthen their position in the market. For instance, in March 2022, Colgate-Palmolive Company, a US-based company that manufactures personal care and oral hygiene products, launched Total Plaque Pro-Release toothpaste. Total Plaque Pro-Release toothpaste provides continuous, day-and-night antibacterial defense and has been clinically demonstrated to drastically reduce dangerous plaque bacteria between dental appointments. The revolutionary solution in Colgate Total Plaque Pro-Release employs Smart Foam Technology to access confined spaces and eliminate plaque bacteria at the gum line. This breakthrough recipe uses the strength of stannous fluoride, a chemical that helps decrease plaque bacteria and prevent gingivitis.

The personal care contract manufacturing market covered in this report is segmented -

1) By Product Type: Skin Care, Hair Care, Make-Up And Cosmetics, Other Product Types
2) By Service Type: Research And Development And Formulation, Manufacturing, Packaging And Allied Services
3) By Formulation: Liquids, Creams, Lotions, Oils, Gels

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Major companies operating in the personal care contract manufacturing market report are VVF Limited, A.I.G. Technologies Inc., Sarvotham Care Limited, Nutrix International LLC, Formula Corporation, Mansfield-King LLC, Tropical Products Inc., Sensible Organics Inc., Apollo Health and Beauty Care Inc., McBride plc, Universal Packaging Systems Inc., KIK Consumer Products Inc., Fareva Group, RCP Ranstadt GmbH, Skinlys, Tokiwa Cosmetics Corporation, Wormser Corporation, Bradford Soap Works Inc., Albea SA, Colep Portugal SA, PLZ Aeroscience Corporation, Voyant Beauty Holdings LLC, Air Liquide SA, BP plc, Chevron Corporation, China National Petroleum Corporation, China Petroleum & Chemical Corporation, ConocoPhillips Company, Eni S.p.A., Exxon Mobil Corporation .

Contents of the report:
1. Executive Summary
2. Personal Care Contract Manufacturing Market Report Structure
3. Personal Care Contract Manufacturing Market Trends And Strategies
4. Personal Care Contract Manufacturing Market - Macro Economic Scenario
5. Personal Care Contract Manufacturing Market Size And Growth
…..
27. Personal Care Contract Manufacturing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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