Personal Care Contract Manufacturing Market by Product Types, Services, Formulation, Application

Description

List of Tables

[186 Pages Report] The Personal Care Contract Manufacturing Market size was estimated at USD 26.51 billion in 2023 and expected to reach USD 28.36 billion in 2024, at a CAGR 7.06% to reach USD 42.77 billion by 2030.

Personal care contract manufacturing involves outsourcing the development, production, packaging, and distribution of personal care products to specialized contract manufacturers by brand owners. These manufacturers possess extensive expertise in formulating and producing a broad range of personal care products catering to various end-use applications, such as skin care, hair care, oral care, cosmetics, fragrances, and bath and body products. The market has been experiencing a substantial boost due to increasing demand for customized solutions, rapid product formulations, and an expanding consumer base seeking high-quality personal care products. However, adherence to stringent regulations and guidelines by governing bodies is expected to pose a challenge for both brand owners and contract manufacturers. Ensuring high-quality standards throughout production can be challenging when outsourced to multiple service providers across different geographic locations. Investing in sustainable packaging materials that are recyclable or biodegradable is expected to cater to consumer demand for environmentally responsible products while boosting brand reputation. Developing formulations using natural, organic, or plant-based ingredients that align with consumer preferences for clean-label products are anticipated to propel the market demand in the forecasted period.

KEY MARKET STATISTICS
Base Year [2023]	USD 26.51 billion
Estimated Year [2024]	USD 28.36 billion
Forecast Year [2030]	USD 42.77 billion
CAGR (%)	7.06%

Product Types: Growing awareness of natural and herbal cosmetics products

Natural or herbal products in personal care contract manufacturing primarily use ingredients derived from natural sources such as plants, herbs, and minerals. Consumers prefer these products due to their environmentally friendly nature and perceived safety compared to synthetic alternatives. Synthetic personal care products are manufactured using artificial substances or compounds synthesized chemically. These products demonstrate superior performance characteristics such as increased stability, longer shelf life, and enhanced sensory properties compared to their natural counterparts.

Application: Leveraging the expertise and resources of contract manufacturers for the development of advanced skin care products

The fragrance and deodorant industry has witnessed a shift in consumer preference, with an increasing demand for personalized and niche products. Consumers are seeking products manufactured from natural and organic components to cater to their growing eco-consciousness. Haircare within personal care contract manufacturing has grown significantly due to evolving consumer preferences for hair treatments specific to individual needs, such as hair loss prevention, dandruff control, and color preservation. Make-up and color cosmetics have experienced a surge in demand as consumers seek new ways of self-expression through beauty products tailored to their unique identities. Personal care contract manufacturing focuses on innovations in the texture of make-up products, such as liquid foundations and long-lasting lipsticks, while also prioritizing sustainable packaging solutions. Personal care contract manufacturing in skincare products is growing, with consumers seeking customized solutions based on their skin type, concerns, and preferences.

Regional Insights

The Americas represents a significant and developed landscape in the personal care contract manufacturing market owing to consumer attraction for natural and organic personal care goods. Sustainability initiatives have led to increased investments in eco-friendly packaging solutions, which have driven the market in the region. The European Union (EU) has a robust regulatory framework for personal care products, promoting high-quality control and safety standards throughout the region. EU countries prioritize research and development (R&D), with investments focusing on innovative technologies to improve product performance, contributing to the market's overall growth in the European region. APAC has observed a developing landscape in personal care contract manufacturing due to the rising middle class increasing disposable incomes and meticulous approach to personal care, driving the demand for high-quality, innovative products within the region. Research initiatives primarily focused on harnessing indigenous plant extracts with scientifically proven benefits have driven market growth in the region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Personal Care Contract Manufacturing Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Personal Care Contract Manufacturing Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Personal Care Contract Manufacturing Market, highlighting leading vendors and their innovative profiles. These include A.I.G. Technologies, Inc., Albea Services S.A.S., ApolloCorp Inc., Bomo Trendline Innovative Cosmetic GmbH, Colep Consumer Products, Covalence Laboratories, Delia Cosmetics, Fancystage, Fareva Group, Formula Corp., H.S.A. Hair Styling Applications S.P.A, KIK Consumer Products Inc., McBride PLC, MS BeautiLabs, Nature's Own Cosmetics, Nutrix International LLC, PLZ Corp, RCP Ranstadt GmbH, Sarvotham Care, Schwartz Natural Cosmetics, Shree Bhagwati Machtech (India) Pvt. Ltd., Skinlys, Tropical Products, Inc., and VVF Limited.

Market Segmentation & Coverage

This research report categorizes the Personal Care Contract Manufacturing Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product Types
- Natural Products Or Herbal Products
- Synthetic Products

Services
- Custom Formulation and R&D
- Manufacturing
- Packaging

Formulation
- Creams
- Gels
- Liquids
- Lotions
- Oils

Application
- Fragrances & Deodorants
- Haircare
- Make-up & Color Cosmetics
- Skincare

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Personal Care Contract Manufacturing Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Personal Care Contract Manufacturing Market?

3. What are the technology trends and regulatory frameworks in the Personal Care Contract Manufacturing Market?

4. What is the market share of the leading vendors in the Personal Care Contract Manufacturing Market?

5. Which modes and strategic moves are suitable for entering the Personal Care Contract Manufacturing Market?

Product Code: MRR-435D2C369F12

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising consumer awareness about the advantages of localizing contract

manufacturing

5.1.1.2. Growing need for skincare products by consumer
5.1.1.3. Emerging trend towards adoption of organic and sustainable personal care products

5.1.2. Restraints
- 5.1.2.1. High investment costs and issues regarding the quality of products
5.1.3. Opportunities
- 5.1.3.1. Ongoing investments in research and development activities in eco-friendly product packaging
- 5.1.3.2. Growing urban population with easy availability of cosmetic products on e-commerce sites
5.1.4. Challenges
- 5.1.4.1. Stringent regulations and guidelines imposed by the government on personal care contract manufacturing

5.2. Market Segmentation Analysis
- 5.2.1. Product Types: Growing awareness of natural and herbal cosmetics products
- 5.2.2. Application: Leveraging the expertise and resources of contract manufacturers for the development of advanced skin care products
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis
5.8. Client Customization
- 5.8.1. Value Chain Analysis
- 5.8.2. Manufacturing Process

6. Personal Care Contract Manufacturing Market, by Product Types

6.1. Introduction
6.2. Natural Products Or Herbal Products
6.3. Synthetic Products

7. Personal Care Contract Manufacturing Market, by Services

7.1. Introduction
7.2. Custom Formulation and R&D
7.3. Manufacturing
7.4. Packaging

8. Personal Care Contract Manufacturing Market, by Formulation

8.1. Introduction
8.2. Creams
8.3. Gels
8.4. Liquids
8.5. Lotions
8.6. Oils

9. Personal Care Contract Manufacturing Market, by Application

9.1. Introduction
9.2. Fragrances & Deodorants
9.3. Haircare
9.4. Make-up & Color Cosmetics
9.5. Skincare

10. Americas Personal Care Contract Manufacturing Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Personal Care Contract Manufacturing Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Personal Care Contract Manufacturing Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Mitsui to Acquire US Based Cosmetics Contract Manufacturer
- 13.3.2. Multitasking cosmetics expert Jotim invests in a brand new factory
- 13.3.3. Cosmetic Solutions Acquires Private Label Select

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio