Cosmetic OEM/ODM Market to Surpass US$ 80.4 Billion by 2027 - Coherent Market Insights

The global cosmetic OEM/ODM market was valued at US$ 50 billion in 2018, according to Cosmetic OEM/ODM Market Report, by Product Type (Color Cosmetics, Skin Care, Hair Care, and Fragrance), by Packaging Category (Lipstick Containers, Lip Gloss Containers & Tubes, Cosmetic Pen, Powder Dispensers, Cushion, Bottle With Cap, Bottle With Pump, Compact, Face Stick, Tube, Jar with Cap, Mascara Packaging, and Others), by Filling Technology (Airless Filling Technology, Aerosol Filling Technology, Cosmetic Jar Filling Technology, Liquid Filling Technology, Compact Powder Filling Technology, Mascara Filling Technology, Lipstick Filling Technology, Tube Filling Technology, Cosmetic Pencil Filling Technology, and Others), by End User (Independent Brands, Legacy Brands, And Private Label Brands), and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa), published by . The global cosmetic OEM/ODM market is expected to reach US$ 80.4 million by 2027, exhibiting a CAGR of 5.7% over the forecast period. Cosmetic OEM/ODM are engaged in offering a set of processes for cosmetic brands including product formulation & designing, product filling, packaging, and trading. Cosmetic OEM/ODM for various cosmetic categories, including makeup and personal care products, are expected to witness significant growth opportunities over the forecast period. This can be attributed to growth of the beauty and personal care industry globally due to changing lifestyle and increasing disposable income of the populace. For instance, in a consumer survey conducted in Europe, published by Cosmetics Europe-The personal care Association in 2017, consumers were asked the importance of using personal care and cosmetic products in their daily life. According to the survey, 71% of the consumers considered cosmetics and personal care products as 'important' or 'very important' in their daily lives. Moreover, as per the same source, 72% of the consumers felt that cosmetics and personal care products they use improve their quality of life, whereas 80% of the consumers identified these products as 'important' or 'very important' for building their self-esteem. To know the latest trends and insights prevalent in this market, click the link below: https://www.coherentmarketinsights.com/market-insight/cosmetic-oem-odm-market-3089 Browse 108 market data tables* and 60 figures* on "Cosmetic OEM/ODM Market” - Global forecast to 2027. Key Trends and Analysis of the Cosmetic OEM/ODM Market:

• North America held significant market share in the global cosmetic OEM/ODM market in 2018, owing to increasing demand for personal care and cosmetics. According to Economic & Social Contributions Report published by The Personal Care Products Council, the personal care products industry added around US$ 237 billion to the gross domestic product (GDP) of the U.S. in 2013, whereas in 2014, manufacturers of personal care products exported US$ 16.9 billion worth of products.
• Airless filling technology provides longer shelf life to the product, owing to the non-pressurized airless chamber technology. In airless filling technology, exposure of products to air is minimized, which reduces product contamination and also reduces the need for addition of chemical preservatives. Demand for products with no or low preservatives is increasing, owing to rising awareness regarding toxic effects of chemical preservatives. This, in turn, is expected to drive demand for airless filling technology, as it offers potential solutions for natural and organic BPC products such as serums, creams, and foundations, which are prone to contamination if exposed to air.

Key Takeaways of the Market:

• Major players operating in the global cosmetic OEM/ODM market include Intercos S.p.A., Kolmar Korea Co. Ltd., Scalpi Cosmética sa, Cosmecca Korea Co., Cosmax Inc., Mana Products Inc., KBL cosmetics Ltd., Urist Cosmetics Incorporated, Fareva Holding SA, Milliona Cosmetics Co., Ltd., Skinlys, Maesa SAS, Schwanhäußer Holding GmbH & Co. KG, Tricorbraun Inc., Herrco Cosmetics Limited, Architectural Beauty, Allure Labs Inc., Case Mason Filling, Inc., Pardaco Trading Pte Ltd, and KDC/ONE among others