Personal Care Contract Manufacturing Market is estimated to be US$ 50.1billion by 2034; Growing Demand for Personal care products to Fuel Market Growth

Published Date: May 2024

Personal Care Contract Manufacturing is the outsourcing of mass product manufacturing to other companies which saves time and money and also reduce labor cost. Presence of major key players and growing economic status with changing consumer preference towards high quality products boost the target market growth.

Rapid growth in urbanization and adoption of standard lifestyle has increased the demand for personal care product which, in turn has facilitated the Personal Care Contract Manufacturing market growth. Further, growing demand for personal care products has given rise in expansion of companies with merger and acquisitions which in turn, strengthen the target market growth.

The report Personal Care Contract Manufacturing Market, By Formulations (Gels, Lotions, Creams, Oils and Others), By Service (Custom Formulation, Manufacturing and Packaging), By Application (Hair-care, Skincare, Fragrances & Deodorants, Make-up & Color Cosmetics, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

  • In December 2021, Purplle acquired Faces Canada a cosmetics and skincare brand. This acquisition will help Purplle to strengthen its position in market by offering high quality, international and innovative products in market.

Analyst View:

Technological innovation, new product launch has provided lucrative opportunities in target market growth. Merger and acquisitions of companies has further, facilitated the target market growth. Growing awareness about personal hygiene and demand for natural personal care products is expected to fruitful the demand for Personal Care Contract Manufacturing market growth in coming years. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Personal Care Contract Manufacturing Market, By Formulations (Gels, Lotions, Creams, Oils and Others), By Service (Custom Formulation, Manufacturing and Packaging), By Application (Hair-care, Skincare, Fragrances & Deodorants, Make-up & Color Cosmetics, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Personal Care Contract Manufacturing Marke was valued at US$ 22.8 Billion in 2024 and is projected to grow at a CAGR of 9.00% to reach US$ 50.1 Billion by 2034.The Personal Care Contract Manufacturing Market is segmented based on Formulations, Service, Application and Region.

  • Based on Formulations, Personal Care Contract Manufacturing Market is segmented into Gels, Lotions, Creams, Oils and Others.  
  • Based on Service, Personal Care Contract Manufacturing Market is segmented into Custom Formulation, Manufacturing and Packaging.
  • Based on Application, Personal Care Contract Manufacturing Market is segmented into Hair-care, Skincare, Fragrances & Deodorants, Make-up & Color Cosmetics, and Others
  • By Region, the Personal Care Contract Manufacturing Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Personal Care Contract Manufacturing Market:

The prominent players operating in the Personal Care Contract Manufacturing Market includes, Albea Group, McBride Malysia Sdn. Bhd., VVF, Nutrix International LLC., Tropical Products, KIK custom products, ApolloCorp Inc., FormulaCorp., Paklab, HCT Group and others.

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