Personal Care Contract Manufacturing Market – Industry Trends, Company Revenue Share, Key players, Business Outlook and Forecast to 2029

Data Bridge Market Research analyses that the Personal Care Contract Manufacturing market was valued at USD 18.80 billion in 2021 and is expected to reach USD 36.37 billion by 2029, registering a CAGR of 8.60% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Market Definition

Personal care contract manufacturing is a challenging, competitive, and low-margin business in personal care industr, which needs to be actively managed. The availability of large number of contract manufacturers, striving over the low-profit margin to provide the formulators at a favourable deal. This deal has driven the business into a very constricted pass for being profitable.

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Recent Development

·         In July 2021, PLZ Corporation, a North America's prominent independent specialty liquid and aerosol product manufacturer, declared the acquisition of 220 Laboratories, a prominent formulator and innovator of skin, hair and body products. PLZ can now offer its consumers with an end-to-end portfolio of services, ranging from new product formula development and ideation to bespoke production of non-aerosol and aerosol goods.

·         In April 2021 - Colep, a prominent market player in the contract manufacturing and consumer goods packaging industries, announced its intention to split its businesses into two new entities from the 1st of July 2021. Those entities will be named Colep Consumer and Colep Packaging Products. The RAR Group, the sole shareholder of Colep, will remain the 100% shareholder of both entities. This split will give the respective management teams the required empowerment and autonomy to meet their stakeholders' and customers' expectations and achieve their strategic ambitions.

Global Personal Care Contract Manufacturing Market Scope

The personal care contract manufacturing market is segmented on the basis of formulation, service type and product type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Formulation

·         Liquids

·         Creams

·         Lotions

·         Oils

·         Gels

·         Others

Service Type

·         R&D and Formulation

·         Skin Care

·         Hair Care

·         Make-up & Color Cosmetics

·         Fragrances & Deodorants

·         Others

·         Manufacturing

·         Skin Care

·         Hair Care

·         Make-up & Color Cosmetics

·         Fragrances & Deodorants

·         Others

·         Packaging

·         Skin Care

·         Hair Care

·         Make-up & Color Cosmetics

·         Fragrances & Deodorants

·         Others

·         Allied Services

Product Type

·         Skincare

·         Haircare

·         Make-up and cosmetics

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Competitive Landscape and Personal care contract manufacturing Market Share Analysis

The personal care contract manufacturing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to personal care contract manufacturing market.

Some of the major players operating in the personal care contract manufacturing market are:

·         VVF (India)

·         A.I.G. Technologies, Inc.(U.S.)

·         Sarvotham Care (India)

·         Nutrix International LLC (U.S.)

·         Formula Corp. (U.S.)

·         PLZ Corp (U.S.)

·         Tropical Products (U.S.)

·         ApolloCorp Inc. (U.S.)

·         COVALENCE LABORATORIES (U.S.)

·         McBride (U.K.)

·         RCP Ranstadt GmbH (Germany)

·         Skinlys (France)

·         ALKOS GROUP (France)

·         ALBEA (Australia)

·         KIK Custom Products Inc. (U.S.)

·         HCT Group (U.K.)

·         Vi-Jon (U.S.)

·         MAESA (U.S.)

·         Fareva (France)

 

Personal Care Contract Manufacturing Market Regional Analysis/Insights

The personal care contract manufacturing market is analysed and market size insights and trends are provided by country, formulation, service type and product type as referenced above.

The countries covered in the personal care contract manufacturing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the cosmetic preservatives market in terms of revenue due to the availability of improved technology and infrastructure for custom formulation as well as research and development in this region. The personal care industry is driven by the increasing demand for products such as shaving creams and deodorants among the younger people in emerging markets such as India and China.

Europe will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the prevalence of several manufacturing industries in this region. Furthermore, increasing demand for personal care products, mainly in Spain, Germany, Italy, France and the UK due to consumer inclination towards grooming for positive self-esteem, is projected to drive demand of the products in this region.

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