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:
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