Over the past ten years, there has been an increase in the demand for high-end cosmetics ODMs. From 2016 to 2031, the market grew at a CAGR of 4.9%. Over the next several years, it is anticipated that the global market for cosmetic ODMs would expand as a result of ongoing technological advancements.
Sales in this cosmetics ODM market are anticipated to increase due to increased demand for skincare and sun care products, partnerships between major companies, and desire for high-end cosmetics. Through 2031, the market is anticipated to increase at a CAGR of over 6% due to factors such as natural cosmetics, sustainable practises, and ongoing technological advancements.
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Innovations in packaging for cosmetics and other products are increasingly focusing on sustainability. The importance that consumers are placing on environmentally friendly behaviour as well as the social duty of producers have boosted the sustainable approach within the beauty sector. Innovation in cosmetic packaging is being driven by sustainability, with a focus on small size, hygienic solutions, and sustainable materials. Virtual aesthetics and engineering features to product packaging are a key component of sustainability packaging. Sustainability criteria also constantly evolving over time, forcing innovation.
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Increasing consumer awareness about the benefits of organic consumer products and support from strong local companies for development and product visibility of the same are key factors driving demand for organic or green cosmetics. Development and manufacture of green ingredient products is relatively eco-friendly as compared to that of conventional products. Moreover, organic consumer products also have lesser side effects. As a result, these factors are fuelling the demand for organic products.
Germany is the European leader in natural cosmetics. Demand for natural ingredients used in cosmetics and toiletries is growing, a trend expected to continue into the future. This organic beauty boom is part of the larger recent shift in consumer awareness regarding health, wellness, and the environment. Aligned with this trend, companies are replacing synthetic chemicals with natural ingredients, partly because of consumer demand and partly because of a move toward sustainable raw materials.
There is rising demand for chemical-free products, including greater awareness of their harmful effects. Customers increasingly want value-for-money products that are both, natural and beneficial. Apart from rising disposable income, with more and more chemical-based products making their way onto shelves, there have been rising cases of allergies. People are developing various kinds of allergies with increased exposure to chemical beauty products. People with sensitive skin often refrain from the use of such products, thus increasing demand for organic beauty products.
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Competition Landscape : (Cosmetics ODM Market)
Persistence Market Research has profiled the following prominent manufacturers in its report:
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- COSMAX Corporation
- Toyo Beauty Co. Ltd.
- Nox Bellcow Cosmetics Co. Ltd.
- Picaso Cosmetic Laboratory Group
- Kolmar Korea
- Ancorotti Cosmetics S.r.l.
- Cosmo Beauty Company Ltd.
- Cosmecca Korea
- The Fareva Group
- Kolormakeup & Skincare S.p.a.
- BioTruly Group
- ANC Corporation
- Intercos Group
- Francia Beauty
- Nowcos Co. Ltd.
- Sanshokaken K.K., Global Cosmetics (HK)
- Japan Colmar Co. Ltd.
- Quality Plus Aesthetic International Co. Ltd.
- Milliona Cosmetics
- Caolion Cosmetics
Key Segments Covered : (Cosmetics ODM Market)
Product
Skin Care
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- Creams
- Lotions
- Toners
- Facial Cleansers
- Sunscreen
- Face Packs/ Masks
- Others
Hair Care
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- Shampoos
- Conditioners
- Hair Rinses
- Hair Dyes
- Hair Tonics
- Hair Styling Products
Makeup
-
- Facial Products
- Lip Products
- Eye Products
- Nail Products
- Other Color Cosmetics
Body Care
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- Soaps
- Shower Gels
- Creams
- Foot Creams
- Others
Packaging Format
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- Bottles
- Compact Cases
- Droppers
- Folding Cartons
- Jars
- Pallets
- Pouches
- Pumps and Dispensers
- Roll On
- Roll On Sticks
- Sachets
- Sticks
- Tubes
- Wraps
- Others
Nature
-
- Natural/ Organic
- Synthetic
End Use
-
- Prestige Brands
- Private Labels
- Mass Brands
- Indie Brands
Region
-
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
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