Personal care contract manufacturing market to grow by USD 8.1 billion between 2022 and 2027 | Growth driven by increasing awareness among consumers about personal hygiene – Technavio

NEW YORK, Oct. 31, 2023 /PRNewswire/ — The global personal care contract manufacturing market size is estimated to grow by USD 8.1 billion from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 7.36% during the forecast period. The growth of the market is driven by factors such as the increasing awareness among consumers about personal hygiene, rising demand for flexible and innovative packaging, and the growth and expansion of cosmetic sector. Consumers have more conscious about personal hygiene since the outbreak of COVID-19. Government bodies across the world are introducing various programs to educate people on the significance of using personal hygiene products. These factors have increased the sales of personal products and positively affected the growth of the global personal care contract manufacturing market. However, high investment expenditures and poor returns will challenge the growth of the market. For more insights on the historic data (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report

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Global Personal Care Contract Manufacturing Market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on product type (skin care, hair care, make-up and cosmetics, and others), service (manufacturing, packaging, and custom formulation), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

The market will witness significant growth in the skin care segment during the forecast period. The rising incidence of dermal conditions is one of the key factors driving the growth of the segment. Also, the increasing penetration of multifunctional solutions, such as moisturizers, face creams, body wash, and oils is driving the growth of the segment.

Geography Overview
By geography, the global personal care contract manufacturing market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global personal care contract manufacturing market.

APAC will account for 37% of the market growth during the forecast period. The expansion of the millennial population in countries such as China, India, and Vietnam is driving the growth of the regional market. The increased awareness of cosmetics products such as face make-up, hairstyling, and coloring products is another major factor driving the growth of the personal care contract manufacturing market in APAC.

Insights on the market contribution of various segments including country and region wise, historic data (2017 to 2021), and forecast market size (2023 to 2027) – Download a Sample Report

Global Personal Care Contract Manufacturing Market – Vendor Analysis

The global personal care contract manufacturing market is fragmented due to the presence of a large number of contract manufacturers. Prominent vendors are centered on the adoption of various strategic initiatives, such as mergers, acquisitions, partnership agreements, and others, for the consolidation of their industry position. They are continually seeking to expand their local manufacturing facilities and market presence. Some of the key vendors covered in this report include:

Albea Services SAS – The company offers a wide range of cosmetic packing accessories through contract manufacturing business process.Kolmar Korea – The company offers a wide range of beauty care products such as liquid foundations, creams, lotions, and skin care through contract manufacturing process.FAREVA SA – The company offers personal care contract manufacturing for cosmetic products through subcontracting orders to various OEM players.Formula Corp. – The company offers a contract packaging business through purchasing team which works together with a number of local manufacturers to develop vast packaging options for household, skin care, and personal care products.

Global Personal Care Contract Manufacturing Market – Market Dynamics

Leading trends influencing the market 

Influence through social media and blogging is identified as the key trend in the market.The importance of social media marketing is gaining prominence with increasing number of active social media users.Social media platforms such as Instagram, Facebook, and YouTube are providing opportunities for brands to showcase and promote their products.The use of social media marketing has increased the awareness of products among consumers and consequently boosted the sales of market players.This trend will have a positive influence on the growth of the market in focus over the forecast period.

Major challenges hindering the market growth

High investment expenditures and poor returns will hinder the growth of the market.The use of quality items increases the overall manufacturing costs of vendors.The intense competition from other players coupled with the entry of easy access to counterfeits have further challenged the growth of vendors.The high investment associated with manufacturing increases the risk level for vendors.All these factors are significant impediments to the growth of the global personal care contract manufacturing market.

Insights on market drivers, trends, & Challenges, historic period (2017 to 2021), and forecast period (2023 to 2027) – Request a sample report!

What are the key data covered in this personal care contract manufacturing market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the personal care contract manufacturing market between 2023 and 2027Precise estimation of the size of the personal care contract manufacturing market and its contribution to the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the personal care contract manufacturing market industry across APAC, North America, Europe, Middle East and Africa, and South AmericaA thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of personal care contract manufacturing market vendors

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Table of contents:

1 Executive Summary

1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by Product TypeExhibit 06: Executive Summary – Chart on Market Segmentation by ServiceExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (USD billion)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD billion)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global personal care contract manufacturing market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on Global personal care contract manufacturing market 2017 – 2021 (USD billion)4.2 Product type Segment Analysis 2017 – 2021 Exhibit 19: Historic Market Size – Product type Segment 2017 – 2021 (USD billion)4.3 Service Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – Service Segment 2017 – 2021 (USD billion)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD billion)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD billion)

5 Five Forces Analysis

5.1 Five forces summaryExhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product Type

6.1 Market segmentsExhibit 30: Chart on Product Type – Market share 2022-2027 (%)Exhibit 31: Data Table on Product Type – Market share 2022-2027 (%)6.2 Comparison by Product Type Exhibit 32: Chart on Comparison by Product TypeExhibit 33: Data Table on Comparison by Product Type6.3 Skin care – Market size and forecast 2022-2027 Exhibit 34: Chart on Skin care – Market size and forecast 2022-2027 (USD billion)Exhibit 35: Data Table on Skin care – Market size and forecast 2022-2027 (USD billion)Exhibit 36: Chart on Skin care – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on Skin care – Year-over-year growth 2022-2027 (%)6.4 Hair care – Market size and forecast 2022-2027 Exhibit 38: Chart on Hair care – Market size and forecast 2022-2027 (USD billion)Exhibit 39: Data Table on Hair care – Market size and forecast 2022-2027 (USD billion)Exhibit 40: Chart on Hair care – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Hair care – Year-over-year growth 2022-2027 (%)6.5 Make-up and cosmetics – Market size and forecast 2022-2027 Exhibit 42: Chart on Make-up and cosmetics – Market size and forecast 2022-2027 (USD billion)Exhibit 43: Data Table on Make-up and cosmetics – Market size and forecast 2022-2027 (USD billion)Exhibit 44: Chart on Make-up and cosmetics – Year-over-year growth 2022-2027 (%)Exhibit 45: Data Table on Make-up and cosmetics – Year-over-year growth 2022-2027 (%)6.6 Others – Market size and forecast 2022-2027 Exhibit 46: Chart on Others – Market size and forecast 2022-2027 (USD billion)Exhibit 47: Data Table on Others – Market size and forecast 2022-2027 (USD billion)Exhibit 48: Chart on Others – Year-over-year growth 2022-2027 (%)Exhibit 49: Data Table on Others – Year-over-year growth 2022-2027 (%)6.7 Market opportunity by Product Type Exhibit 50: Market opportunity by Product Type (USD billion)Exhibit 51: Data Table on Market opportunity by Product Type (USD billion)

7 Market Segmentation by Service

7.1 Market segmentsExhibit 52: Chart on Service – Market share 2022-2027 (%)Exhibit 53: Data Table on Service – Market share 2022-2027 (%)7.2 Comparison by Service Exhibit 54: Chart on Comparison by ServiceExhibit 55: Data Table on Comparison by Service7.3 Manufacturing – Market size and forecast 2022-2027 Exhibit 56: Chart on Manufacturing – Market size and forecast 2022-2027 (USD billion)Exhibit 57: Data Table on Manufacturing – Market size and forecast 2022-2027 (USD billion)Exhibit 58: Chart on Manufacturing – Year-over-year growth 2022-2027 (%)Exhibit 59: Data Table on Manufacturing – Year-over-year growth 2022-2027 (%)7.4 Packaging – Market size and forecast 2022-2027 Exhibit 60: Chart on Packaging – Market size and forecast 2022-2027 (USD billion)Exhibit 61: Data Table on Packaging – Market size and forecast 2022-2027 (USD billion)Exhibit 62: Chart on Packaging – Year-over-year growth 2022-2027 (%)Exhibit 63: Data Table on Packaging – Year-over-year growth 2022-2027 (%)7.5 Custom formulation – Market size and forecast 2022-2027 Exhibit 64: Chart on Custom formulation – Market size and forecast 2022-2027 (USD billion)Exhibit 65: Data Table on Custom formulation – Market size and forecast 2022-2027 (USD billion)Exhibit 66: Chart on Custom formulation – Year-over-year growth 2022-2027 (%)Exhibit 67: Data Table on Custom formulation – Year-over-year growth 2022-2027 (%)7.6 Market opportunity by Service Exhibit 68: Market opportunity by Service (USD billion)Exhibit 69: Data Table on Market opportunity by Service (USD billion)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 71: Chart on Market share by geography 2022-2027 (%)Exhibit 72: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 73: Chart on Geographic comparisonExhibit 74: Data Table on Geographic comparison9.3 APAC – Market size and forecast 2022-2027 Exhibit 75: Chart on APAC – Market size and forecast 2022-2027 (USD billion)Exhibit 76: Data Table on APAC – Market size and forecast 2022-2027 (USD billion)Exhibit 77: Chart on APAC – Year-over-year growth 2022-2027 (%)Exhibit 78: Data Table on APAC – Year-over-year growth 2022-2027 (%)9.4 North America – Market size and forecast 2022-2027 Exhibit 79: Chart on North America – Market size and forecast 2022-2027 (USD billion)Exhibit 80: Data Table on North America – Market size and forecast 2022-2027 (USD billion)Exhibit 81: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 82: Data Table on North America – Year-over-year growth 2022-2027 (%)9.5 Europe – Market size and forecast 2022-2027 Exhibit 83: Chart on Europe – Market size and forecast 2022-2027 (USD billion)Exhibit 84: Data Table on Europe – Market size and forecast 2022-2027 (USD billion)Exhibit 85: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 86: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.6 Middle East and Africa – Market size and forecast 2022-2027 Exhibit 87: Chart on Middle East and Africa – Market size and forecast 2022-2027 (USD billion)Exhibit 88: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (USD billion)Exhibit 89: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)Exhibit 90: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)9.7 South America – Market size and forecast 2022-2027 Exhibit 91: Chart on South America – Market size and forecast 2022-2027 (USD billion)Exhibit 92: Data Table on South America – Market size and forecast 2022-2027 (USD billion)Exhibit 93: Chart on South America – Year-over-year growth 2022-2027 (%)Exhibit 94: Data Table on South America – Year-over-year growth 2022-2027 (%)9.8 US – Market size and forecast 2022-2027 Exhibit 95: Chart on US – Market size and forecast 2022-2027 (USD billion)Exhibit 96: Data Table on US – Market size and forecast 2022-2027 (USD billion)Exhibit 97: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 98: Data Table on US – Year-over-year growth 2022-2027 (%)9.9 China – Market size and forecast 2022-2027 Exhibit 99: Chart on China – Market size and forecast 2022-2027 (USD billion)Exhibit 100: Data Table on China – Market size and forecast 2022-2027 (USD billion)Exhibit 101: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 102: Data Table on China – Year-over-year growth 2022-2027 (%)9.10 India – Market size and forecast 2022-2027 Exhibit 103: Chart on India – Market size and forecast 2022-2027 (USD billion)Exhibit 104: Data Table on India – Market size and forecast 2022-2027 (USD billion)Exhibit 105: Chart on India – Year-over-year growth 2022-2027 (%)Exhibit 106: Data Table on India – Year-over-year growth 2022-2027 (%)9.11 Germany – Market size and forecast 2022-2027 Exhibit 107: Chart on Germany – Market size and forecast 2022-2027 (USD billion)Exhibit 108: Data Table on Germany – Market size and forecast 2022-2027 (USD billion)Exhibit 109: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 110: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.12 Canada – Market size and forecast 2022-2027 Exhibit 111: Chart on Canada – Market size and forecast 2022-2027 (USD billion)Exhibit 112: Data Table on Canada – Market size and forecast 2022-2027 (USD billion)Exhibit 113: Chart on Canada – Year-over-year growth 2022-2027 (%)Exhibit 114: Data Table on Canada – Year-over-year growth 2022-2027 (%)9.13 Market opportunity by geography Exhibit 115: Market opportunity by geography (USD billion)Exhibit 116: Data Tables on Market opportunity by geography (USD billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 117: Impact of drivers and challenges in 2022 and 202710.4 Market trends

11 Vendor Landscape

11.1 Overview11.2 Vendor landscapeExhibit 118: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 119: Overview on factors of disruption11.4 Industry risksExhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors coveredExhibit 121: Vendors covered12.2 Market positioning of vendors Exhibit 122: Matrix on vendor position and classification12.3 Albea Services SASExhibit 123: Albea Services SAS – OverviewExhibit 124: Albea Services SAS – Product / ServiceExhibit 125: Albea Services SAS – Key offerings12.4 Cosmetic Group USA Inc. Exhibit 126: Cosmetic Group USA Inc. – OverviewExhibit 127: Cosmetic Group USA Inc. – Product / ServiceExhibit 128: Cosmetic Group USA Inc. – Key offerings12.5 FAREVA SAExhibit 129: FAREVA SA – OverviewExhibit 130: FAREVA SA – Product / ServiceExhibit 131: FAREVA SA – Key offerings12.6 Formula Corp.Exhibit 132: Formula Corp. – OverviewExhibit 133: Formula Corp. – Product / ServiceExhibit 134: Formula Corp. – Key offerings12.7 KDC OneExhibit 135: KDC One – OverviewExhibit 136: KDC One – Product / ServiceExhibit 137: KDC One – Key offerings12.8 KIK Custom Products Inc. Exhibit 138: KIK Custom Products Inc. – OverviewExhibit 139: KIK Custom Products Inc. – Product / ServiceExhibit 140: KIK Custom Products Inc. – Key offerings12.9 Kolmar KoreaExhibit 141: Kolmar Korea – OverviewExhibit 142: Kolmar Korea – Product / ServiceExhibit 143: Kolmar Korea – Key offerings12.10 McBride PlcExhibit 144: McBride Plc – OverviewExhibit 145: McBride Plc – Business segmentsExhibit 146: McBride Plc – Key offeringsExhibit 147: McBride Plc – Segment focus12.11 Nutrix International LLC Exhibit 148: Nutrix International LLC – OverviewExhibit 149: Nutrix International LLC – Product / ServiceExhibit 150: Nutrix International LLC – Key offerings12.12 Sarvotham Care Ltd.Exhibit 151: Sarvotham Care Ltd. – OverviewExhibit 152: Sarvotham Care Ltd. – Product / ServiceExhibit 153: Sarvotham Care Ltd. – Key offerings12.13 Tropical ProductsExhibit 154: Tropical Products – OverviewExhibit 155: Tropical Products – Product / ServiceExhibit 156: Tropical Products – Key offerings12.14 UNIVERSAL PACKAGING SYSTEMS Inc. Exhibit 157: UNIVERSAL PACKAGING SYSTEMS Inc. – OverviewExhibit 158: UNIVERSAL PACKAGING SYSTEMS Inc. – Product / ServiceExhibit 159: UNIVERSAL PACKAGING SYSTEMS Inc. – Key offerings12.15 Vi Jon LLCExhibit 160: Vi Jon LLC – OverviewExhibit 161: Vi Jon LLC – Product / ServiceExhibit 162: Vi Jon LLC – Key offerings12.16 VVF GroupExhibit 163: VVF Group – OverviewExhibit 164: VVF Group – Product / ServiceExhibit 165: VVF Group – Key offerings12.17 World Wide Packaging LLC Exhibit 166: World Wide Packaging LLC – OverviewExhibit 167: World Wide Packaging LLC – Product / ServiceExhibit 168: World Wide Packaging LLC – Key offerings

13 Appendix

13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 169: Inclusions checklistExhibit 170: Exclusions checklist13.3 Currency conversion rates for USUSD Exhibit 171: Currency conversion rates for USUSD13.4 Research methodologyExhibit 172: Research methodologyExhibit 173: Validation techniques employed for market sizingExhibit 174: Information sources13.5 List of abbreviations Exhibit 175: List of abbreviations

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