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    Cosmetics ODM Market Report

    Cosmetics ODM Market Report
    Report code - SRCG298 Delivery - 2 Weeks
    Global Cosmetics ODM Market, Trends, Forecast, Market Analysis- 2023-28
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    Market Insights

    The Global Cosmetics ODM Market is estimated to grow from USD 13.09 billion in 2022 to USD 18.72 billion by 2028 at a CAGR of 6.08% during the forecast period.

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    What is Cosmetic ODM?

    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

    Key players operating in the global Cosmetics ODM market are-

    • 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).

    Market Dynamics

    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.

    • Furthermore, the shift toward social media marketing by the cosmetic companies to stay connected with the consumers and increasing penetration of e-commerce platforms selling the products is likely to spur the market growth considerably during the review period.
    • Growing preference for natural and organic beauty products is anticipated to create lucrative opportunities for the players operating in the global cosmetics ODM market during the review period.
    • However, increasing regulations about the usage of cosmetic and personal care products that are based on chemicals due to their side effects is likely to hamper the market growth.

    Segment Analysis

    Product Type Trends

    Based on product type, the market has been segmented into skin care, makeup, haircare, and others.

    • The skincare segment accounted for more than a 31% share of the market and is likely to dominate the market in the coming years owing to increasing skin health concerns among consumers.
    • In addition to this, the rising demand for organic and natural skincare products such as lotions and creams is likely to fuel the product demand significantly.

    Regional Trends

    Regionally, Asia Pacific accounted for the largest market share in 2022 and is expected to grow at the fastest CAGR during the review period.

    • The market growth can be attributed to an increase in spending on personal care products particularly by the young population as a result of rising appearance consciousness.
    • Additionally, increased spending on R&D activities to develop organic and premium skin & hair care products is likely to propel the market growth in developed regions.

    COVID-19 Impact on Global Cosmetics ODM Market

    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.

    Critical Questions answered in the report –

    • What are the key trends in the global cosmetics ODM market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on global cosmetics ODM market?
    • What are the key strategies adopted by the major vendors to lead in the global cosmetics ODM market?
    • What is the market share of the top vendors?

    Target Audience

    Here is the list of the group of customers that the Cosmetics ODM market hopes to have the greatest opportunity to convert-

    • Cosmetics ODM manufacturers
    • Skin care companies
    • Cosmetic companies
    • Logistics organizations
    • Government bodies
    • Cosmetics ODM distributors

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Global Cosmetics ODM

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Options

    Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The cosmetics ODM market is expected to witness an impressive growth of 6.08% 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 18.72 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.