Global Personal Care Contract Manufacturing Market Segments 2024, Forecast To 2033
5 Mar, 2024
The personal care contract manufacturing market has shown strong growth, increasing from $21.07 billion in 2023 to $22.86 billion in 2024, with a compound annual growth rate (CAGR) of 8.5%. This growth is attributed to outsourcing trends in the beauty industry and cost efficiency. Looking ahead to 2028, the market is expected to reach $32.58 billion, maintaining a 9.3% CAGR. The forecasted growth is linked to a growing focus on clean beauty formulations, demand for personalized beauty products, and technological integration.
Global Personal Care Contract Manufacturing Market Key Driver
The personal care contract manufacturing market benefits from the expanding cosmetic industry. The cosmetic sector, valued at $33.1 billion by 2022, witnesses robust growth. Contract manufacturing simplifies cosmetic production outsourcing. The market's growth aligns with the expansion of the cosmetic industry and its increasing economic significance.
Get A Free Sample Of The Global Personal Care Contract Manufacturing Market ReportGlobal Personal Care Contract Manufacturing Market Segments
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
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacificwas the largest region in the personal care contract manufacturing market in 2023. 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
Major Personal Care Contract Manufacturing Industry Players
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
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AIOps Personal Care Contract Manufacturing Market Overview
Personal care contract manufacturing is when two businesses come to an arrangement to create parts or goods for personal care products over a certain period.
Personal Care Contract Manufacturing Global Market Report 2023 provides data on the global personal care contract manufacturing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The personal care contract manufacturing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.