Personal Care Contract Manufacturing Market: By Service (Personal care contract manufacturing, Custom formulation and R&D, Packaging and Others) and By Geography  

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The global personal care contract manufacturing market size was valued at USD 18.51 billion in 2022 and is expected to register a CAGR of 6.3% over the forecast period 2023 to 2029. Rapidly expanding personal care industry across the globe, increasing demand for hair and skin care products, advanced beauty treatments and marketing strategies by manufacturers and rising disposable income of consumers are some key factors fostering the market growth. Increasing demand for organic products owing to harmful effects of chemical-based products is other factor contributing for the market growth. Huge spending on R&D and promotional activities provides huge growth opportunity for the market. However, In-house manufacturing of cosmetics by private firms is hampering the market growth. Contract manufacture of personal care products is expected to grow as companies move their focus away from in-house production and toward R&D and other promotional efforts. Increased knowledge of the benefits of localising contract manufacturing, which reduces lead time, is a major factor influencing the fast-moving of personal care goods, hence favourably boosting market growth. Additionally, rising profitability for formulator companies as a result of lower logistical costs associated with contract manufacturing are projected to supplement service demand. Increasing demand for organic anti-aging products is likely to enhance product demand over the forecast period, owing to factors such as climate changes, stressed lifestyles, and busy work schedules. New manufacturers have entered the market as a result of rising consumer concerns about the authenticity of organic personal care products, which is projected to enhance demand for personal care contract manufacturing over the forecast period.

Global Personal Care Contract Manufacturing Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.3%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Personal Care Contract Manufacturing Market Dynamics

The beauty industry has been on a tear for years. There is a wide variety of products available on the market including sunscreens, anti-ageing creams, body lotions, and skin brightening creams. Rising awareness regarding the various benefits of using personal care products has resulted in a rise in their demand over the last few years. The revival of the global economy has seen a rise in disposable income among consumers, both in the developed and the emerging markets. This has resulted in robust growth of the market. Further, the young generation is becoming more fashion conscious and many are turning to hair styling products and hair colours to express their individuality. Changes such as increase in consumer spending, especially among youth, is one of the key driving forces stimulating the growth of the industry.

Key Features of the Reports

  • Global personal care contract manufacturing market expanding at significant CAGR over 2023 to 2029 due to rapidly expanding personal care industry across the globe
  • Based on service, packaging segment accounted for larger market revenue share in 2022 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global Personal Care Contract Manufacturing market

Global Personal Care Contract Manufacturing Market Segmentation

By Service Type
  • Personal care contract manufacturing
  • Fragrances & Deodorants
  • Hair care
  • Make up & color cosmetics
  • Skin care
  • Others personal care contract manufacturing
  • Custom formulation and R&D
  • Packaging
  • Others
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

 

 

Frequently Asked Questions

The personal care contract manufacturing market size was valued at USD 18.51 billion in 2022

The personal care contract manufacturing market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

North America is the fastest-growing for feed mycotoxin detoxifiers market

  1. Executive Summary
  2. Global Personal Care Contract Manufacturing Market Introduction
    • Global Personal Care Contract Manufacturing Market Taxonomy
    • Global Personal Care Contract Manufacturing Market Definitions
      • Service
  3. Global Personal Care Contract Manufacturing Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Personal Care Contract Manufacturing Market Dynamic Factors - Impact Analysis
    • Global Personal Care Contract Manufacturing Market Competition Landscape
  4. Global Personal Care Contract Manufacturing Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Personal Care Contract Manufacturing Market, By Service, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Personal care contract manufacturing
      • Fragrances & Deodorants
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Hair care
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Make up & color cosmetics
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Skin care
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Others personal care contract manufacturing
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Custom formulation and R&D
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Packaging
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Others
        • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
  1. Global Personal Care Contract Manufacturing Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Personal Care Contract Manufacturing Market - Opportunity Analysis Index, By Service and Region, 2023 - 2029
  2. North America Personal Care Contract Manufacturing Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Personal care contract manufacturing
        • Fragrances & Deodorants
        • Hair care
        • Make up & color cosmetics
        • Skin care
        • Others personal care contract manufacturing
      • Custom formulation and R&D
      • Packaging
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Personal Care Contract Manufacturing Market - Opportunity Analysis Index, By Service and Country, 2023 - 2029
    • North America Personal Care Contract Manufacturing Market Dynamics Trends
  3. Europe Personal Care Contract Manufacturing Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Personal care contract manufacturing
        • Fragrances & Deodorants
        • Hair care
        • Make up & color cosmetics
        • Skin care
        • Others personal care contract manufacturing
      • Custom formulation and R&D
      • Packaging
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Personal Care Contract Manufacturing Market - Opportunity Analysis Index, By Service and Country, 2023 - 2029
    • Europe Personal Care Contract Manufacturing Market Dynamics Trends
  4. Asia-Pacific Personal Care Contract Manufacturing Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Personal care contract manufacturing
        • Fragrances & Deodorants
        • Hair care
        • Make up & color cosmetics
        • Skin care
        • Others personal care contract manufacturing
      • Custom formulation and R&D
      • Packaging
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Personal Care Contract Manufacturing Market - Opportunity Analysis Index, By Service and Country, 2023 - 2029
    • Asia-Pacific Personal Care Contract Manufacturing Market Dynamics Trends
  5. Latin America Personal Care Contract Manufacturing Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Personal care contract manufacturing
        • Fragrances & Deodorants
        • Hair care
        • Make up & color cosmetics
        • Skin care
        • Others personal care contract manufacturing
      • Custom formulation and R&D
      • Packaging
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Personal Care Contract Manufacturing Market - Opportunity Analysis Index, By Service and Country, 2023 - 2029
    • Latin America Personal Care Contract Manufacturing Market Dynamics Trends
  6. Middle East and Africa Personal Care Contract Manufacturing Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Service Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Personal care contract manufacturing
        • Fragrances & Deodorants
        • Hair care
        • Make up & color cosmetics
        • Skin care
        • Others personal care contract manufacturing
      • Custom formulation and R&D
      • Packaging
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Personal Care Contract Manufacturing Market - Opportunity Analysis Index, By Service and Country, 2023 - 2029
    • MEA Personal Care Contract Manufacturing Market Dynamics Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, System & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • I.G. Technologies (U.S)
      • CoValence Laboratories (U.S)
      • Kolmar (South Korea)
      • Mansfield-King (U.S)
      • McBride (U.K)
      • Nutrix (U.S)
      • RCP Ranstadt (Germany)
      • Sarvotham Care (India)
      • Sensible Organics (U.S)
      • Tropical Products (U.S)
      • VVF (India)
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • I.G.A Technologies (U.S)
  • CoValence Laboratories (U.S)
  • Kolmar (South Korea)
  • Mansfield-King (U.S)
  • McBride (U.K)
  • Nutrix (U.S)
  • RCP Ranstadt (Germany)
  • Sarvotham Care (India)
  • Sensible Organics (U.S)
  • Tropical Products (U.S)
  • VVF (India)

Adjacent Markets