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    Cosmetics ODM Market Report

    Cosmetics ODM Market Report
    Report code - SRCG298 Delivery - 2 Weeks
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    Global Cosmetics ODM Market, Trends, Forecast, Market Analysis
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    Impact of COVID-19 on Cosmetics ODM Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Cosmetics ODM Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy 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.

    Market Insights

    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)

    Cosmetics-ODM-Market-Forecast

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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 2020 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?

    Get the full scope of the report..Here..

    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

    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 at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    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.

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