Cosmetics ODM Market Report
The Global Cosmetics ODM Market is segmented By Product Type (Skincare, Makeup, Hair Care, Other), By Nature (Natural/Organic, Synthetic), By End User (Prestige Brands, Mass Brands, Indie Brands, Private Labels), By Packaging Format (Bottles, Compact Cases, Droppers, Others), and Region. This report also covers - COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Cosmetics ODM market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The Global Cosmetics ODM Market is segmented By Product Type (Skincare, Makeup, Hair Care, Other), By Nature (Natural/Organic, Synthetic), By End User (Prestige Brands, Mass Brands, Indie Brands, Private Labels), By Packaging Format ...
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Cosmetics ODM Market is estimated to grow from USD 11.8 billion in 2020 to USD 16.7 billion by 2026 at a healthy CAGR of 6.1% during the forecast period.
Figure: Global Cosmetics ODM Market Size, 2020-2026 (USD Billion)
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Cosmetic ODM (original design manufacturing) is defined as the company that designs and manufactures the product which is then sold by another firm under its brand name. It allows the firms to sell products under their brand name without investing in the establishment of an organization or production factory.
Key players operating in the global Cosmetics ODM market are-
Increasing spending on cosmetics and personal care products for personal grooming coupled with rising per capita disposable income of the consumers is driving the market growth.
Based on product type, the market has been segmented into skin care, makeup, haircare, and others.
Regionally, Asia Pacific accounted for the largest market share in 2020 and is expected to grow at the fastest CAGR during the review period.
The global beauty & personal care industry has been hit hard due to the outbreak of coronavirus. The outbreak resulted in the enforcement of lockdown which affects the supply chain and manufacturing of cosmetics. Also, consumer spending on cosmetics particularly colour cosmetics declined during the lockdown period. The economic magnitude of the COVID-19 virus on retailers and brands was high, although this industry is likely to gain normalcy and prove resilient shortly.
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Here is the list of the group of customers that the Cosmetics ODM market hopes to have the greatest opportunity to convert-
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The cosmetics ODM market is expected to witness an impressive growth of 6.1% CAGR in the foreseeable future.
COSMAX CO.,LTD (South Korea), Nox Bellow Cosmetics Co.,Ltd (China), COSME PARK (Japan), Ancorotti Cosmetics Srl (Italy), Cosmecca Korea (South Korea), Toyo Beauty Co. Ltd (Japan), BioTruly Group (China), Intercos Group (Italy), Quality Plus Aesthetic International Co., Ltd. (Thailand), CAOLION (The U.S.), and ANC Corporation (South Korea) are among the key players in the cosmetics ODM market.
The cosmetics ODM market size is expected to reach USD 16.7 billion in the coming years.
Asia-pacific is expected to grow at the fastest CAGR in the cosmetics ODM market over the next five years.
The skincare segment is expected to dominate the cosmetics ODM market in the coming years.
Cosmetics ODM manufacturers, Skin care companies, Cosmetic companies, Logistics organizations, Government bodies, Cosmetics ODM distributors are the target audience in the cosmetics ODM market.