Cosmetics OEM/ODM market 2019-2025 Overview
The global cosmetics OEM/ODM market is expected to reach USD 77.22 billion by 2025 growing at a CAGR of 5.3% over the study period.
Demand for organic cosmetics has been growing in developed as well as emerging economies. Within the U.S., more than 55% of the women considered buying natural skincare products instead of the ones containing chemical excipients available on shelf today. Consumer perception that natural products improve skin tone and texture is the key factor influencing the purchase behavior within the consumers. Herbal extracts are largely added to the skincare products owing to numerous properties such as antioxidant, pigmentation inhibition, & antimicrobial activity.
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In terms of type, ODM dominated the global market by contributing over 60% in 2018 and is expected to maintain its dominance by 2025. New product launch demands rigorous research & development in which ODM companies provide expertise. Cosmetic companies majorly focus on distribution network and branding/marketing of their products. Some lack efficient R&D hence depend on ODM companies for their products. Increasing demand for cosmeceuticals is expected to drive the ODM sales in coming years as these products contain pharmaceutical ingredients with cosmetic formulation
Cosmetics alone are not enough for maintaining healthy skin; it requires combination of active natural ingredients to repair damaged skin and other ingredients to rejuvenate new skin tissues. Herbal cosmetics have grown due to immense acceptance rates in emerging economies and have shown minimal side effects on daily usage compared to synthetic cosmetic products.
The cosmetics OEM/ODM market is consolidated in nature with presence of well-established players occupying majority of the market share across the globe. Key players include COSMAX, KOLMAR KOREA, Intercos Technology (Suzhou SIP) Co., Ltd, COSMOBEAUTY CO., LTD., TOYO BEAUTY CO.,LTD, Raphas Co., Ltd., Nox Bellow Cosmetics Co.,Ltd, COSMECCA KOREA, ESTATE CHEMICAL Co.,Ltd.
Key players within the market are concentrating on M&A activities to increase their presence within the global market. In May 2018, Cosmecca Korea purchased stake in U.S. based Englewood Lab, Inc, worth USD 53.7 million which accounts for 34.71% of stake within the company. Acquisitions means that Cosmecca is trying to generate revenues from its subsidiaries. Cosmecca currently is focusing on North America and South East Asian countries for potential business. Furthermore, stringent regulatory scenario in European countries coupled with political conflicts with china has resulted in shift of focus for Cosmecca as of 2019.
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our blog and Case Studies:
1. Blogs on “What Cosmetic OEM And ODM Really Is?”
In the world of cosmetics, every skin type is different. There are numerous products available for all type of skin ranges and other cosmetic needs. Various companies provide OEM and ODM made skin care products.
However, it is often the case that consumers as well as manufactures get confused between these products. Here is a summary on the difference between these products.
Read More Details of Blog@ https://www.adroitmarketresearch.com/blogs/what-cosmetic-oem-and-odm-really-is
2. Case Studies on “Japanese Cosmetic OEM Manufacturers Need To Take A New Approach To Sustain Against China & Korea”
Since the Japanese cosmetics market has been anticipated to shrink in upcoming years, the development of the cosmetics industry in the region ought to hinge over how to develop sales in China, where the prominent players of Japan may be benefited on their fortes. Key participants within Chinese market include companies of South Korea, whose native market had alike characteristics. As per the Customs Service of Korea, cosmetics export value has beaten the value of import ever since 2012. Also, previously it reached almost 3.3 times than that of the latter in 2017.
Access the complete Case Studies on Cosmetics OEM/ODM market report@ https://www.adroitmarketresearch.com/case-studies/japanese-cosmetic-oem-manufacturers-need-to-take-a-new-approach-to-sustain-against-china-and-korea
Segment overview of Global Cosmetics OEM/ODM Market
Type Overview , 2015-2025 (USD Million)
Application overview, 2015-2025 (USD Million)
What does the report include?
- The report focuses on cosmetics OEM/ODM market on the basis of treatment type and application
- The study assesses the dynamics and movement of the global cosmetics OEM/ODM market across various geographies
- The study on the global cosmetics OEM/ODM market includes qualitative factors such as drivers, restraints and opportunities.
- The study covers qualitative and quantitative analysis of the market segmented on the basis of type, application and region. Moreover, the study provides similar information for the key geographies
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
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