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Driving Personal Care Contract Manufacturing Market Growth in 2025: The Role of Expanding Cosmetic Industry Drives Surge In Personal Care Contract Manufacturing Market
Personal Care Contract Manufacturing
Personal Care Contract Manufacturing Market Size Growth Forecast: What to Expect by 2025?
The market size for personal care contract manufacturing has seen substantial growth lately. The market value is projected to rise from $22.86 billion in 2024 to $24.91 billion in 2025, featuring a compound annual growth rate (CAGR) of 8.9%. This growth in the historical period is fuelled by increasing outsourced operations in the beauty sector, cost-effectiveness and scalability benefits, emphasis on primary skills, market widening, and global reach.
How Will the Personal Care Contract Manufacturing Market Size Evolve and Grow by 2029?
The market size of personal care contract manufacturing is forecasted to witness significant growth in the approaching years, reaching $35.9 billion by 2029 with a 9.6% compound annual growth rate (CAGR). This anticipated expansion during the forecast period can be ascribed to the increasing interest in clean beauty formulas, the surging demand for custom beauty products, the integration of technology in manufacturing procedures, the growth of online and direct-to-consumer channels, global market reach, and robustness in supply chain. Key trends for the given period comprise of wellness-focused formulations, emphasis on regulatory compliance and transparency, creative packaging solutions, global market growth strategies, and the demand for men's grooming products.
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What Drivers Are Propelling the Growth of Personal Care Contract Manufacturing Market Forward?
The personal care contract manufacturing market's expansion is predicted to be fuelled by the growth in the cosmetic industry in the foreseeable future. Broadly speaking, the cosmetic industry produces and sells goods designed to enhance or supplement an individual's beauty or physical attributes. The exponential growth in this sector is making it easier to sublet production in the cosmetic industry, either fully or partly. For instance, in January 2022, official UK government statistics revealed that the cosmetics and healthcare sector was rapidly growing, surpassing many other retail fields with a reported valuation of $33.1 billion by 2022. Consequently, market dynamics are being shaped by the growth trajectory of the cosmetic industry.
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Which Emerging Trends Are Transforming the Personal Care Contract Manufacturing Market in 2025?
The primary trend influencing the personal care contract manufacturing market is product innovation, with many leading businesses focusing on introducing novel products to consolidate their market stance. For instance, Colgate-Palmolive Company, an American producer of personal care and oral hygiene products, launched Total Plaque Pro-Release toothpaste in March 2022. The revolutionary toothpaste provides 24/7 antibacterial protection, and has been clinically proven to significantly reduce harmful plaque bacteria between dental check-ups. Incorporated within Colgate Total Plaque Pro-Release toothpaste is Smart Foam Technology, which reaches hidden areas to eradicate plaque bacteria along the gum line. The ground-breaking formula takes advantage of stannous fluoride's power, a compound known to reduce plaque bacteria and fight gingivitis.
What Are the Key Segments in the Personal Care Contract Manufacturing Market?
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
Subsegments:
1) By Skin Care: Moisturizers, Cleansers, Sunscreens, Anti-Aging Products
2) By Hair Care: Shampoos, Conditioners, Hair Treatments, Styling Products
3) By Make-Up And Cosmetics: Foundations, Lip Products, Eye Makeup, Blush And Highlighters
4) By Other Product Types: Fragrances, Oral Care Products, Bath And Body Products
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Who Are the Key Players Shaping the Personal Care Contract Manufacturing Market's Competitive Landscape?
Major companies operating in the personal care contract manufacturing market include 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, KIK Consumer Products Inc., Fareva Group, Skinlys, Tokiwa Cosmetics Corporation, Wormser Corporation, Bradford Soap Works Inc., Albea SA, Colep Portugal SA, PLZ Aeroscience Corporation, Voyant Beauty Holdings LLC
What Geographic Markets Are Powering Growth in the Personal Care Contract Manufacturing Market?
Asia-Pacific was the largest region in the personal care contract manufacturing market in 2024. Europe is expected to be the fastest-growing region in the personal care contract manufacturing market report during the forecast period. The regions covered in the personal care contract manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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