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.

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.

Personal care contract manufacturing is the outsourcing of production activities such as manufacturing and packaging products. It allows them to focus on their business growth without allocating their time and other aspects of manufacturing.

Growing demand for personal care products has become the major factor in target market growth. Presence of major key players in personal care contract manufacturing has contributed in Personal Care Contract Manufacturing market growth. Growing outsourcing manufacturing activities to save time and money has further facilitated the market growth.

Rise in disposable income and rate of urbanization

Rise in disposable income and rapid growth in urbanization is one of the leading factors for the Personal Care Contract Manufacturing Market growth. Urbanization has given rise in employment opportunities which has led to growth in disposable income. Rise in disposable income allows the individual to enhance their lifestyle, standard living and spent more money on personal care products. Various types of face cream, shampoos, are used to enhance lifestyle. Mostly, women are working in every sectors and are more aware about their face, hairs keeping them maintain and healthy. Disposable income has allowed them to purchase the products in market which in turn, has facilitated the demand for Personal Care Contract Manufacturing Market growth.

Growing demand for personal care products and adoption of strategic acquisition to fuel market growth

Growing demand for personal care products due to rising awareness among individual regarding personal hygiene has contributed in target market growth. Adoption of strategic partnership and new launch products with attractive packaging has boost the demand for personal care products. Contract manufacturing services are growing rapidly as they offer cost reduction to acquire raw materials, has multiple customers. It also saves labor costs, has their own methods of quality control which in turn, boost the demand for Personal Care Contract Manufacturing Market growth.

For instance, in April 2023, L’Oreal acquired “Aesop” an Australian beauty brand for $2.52 billion. Aesop offers hair, skin and body products consists of plant-based ingredients and formulation of sustainable vegan with amber packaging. This acquisition will strengthen the L’Oreal’s position in market with expansion of nature-derived products.

Restrains:

As contract manufacturing services offers various benefits but they also has some risk such as lack of control and some challenges faced by personal care contract manufacturing, are cost pressure, fierce competition, consolidation, and constant technological innovations, which hamper the Personal Care Contract Manufacturing Market growth. The wrong innovative solution provider may lead to a bad customer experience and variations in the standards of customer service may lead to quality problems. Further, it may also may lead to less control over the production process, which act as a challenges and disadvantages of personal care contract manufacturing which in turn restrained the market growth.

 

Personal Care Contract Manufacturing Market is segmented based on Formulations, Service, Application and Region.

Formulations Insight

On the basis of Formulations, Personal Care Contract Manufacturing Market is segmented into Gels, Lotions, Creams, Oils and Others.  

Service Insights

On the basis of Service, Personal Care Contract Manufacturing Market is segmented into Custom Formulation, Manufacturing and Packaging. Manufacturing segment is expected to dominate the target market growth due to production of innovative products by manufacturers to meet growing demand for personal care products in developing and developed regions.

Application Insights

On the basis of Application, Personal Care Contract Manufacturing Market is segmented into Hair-care, Skincare, Fragrances & Deodorants, Make-up & Color Cosmetics, and Others. Skincare segment is expected to dominate the target market growth due to growing various dermal conditions with rising penetration of body wash, face wash, face creams and moisturizers.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Personal Care Contract Manufacturing Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period. Moreover, high disposable income, growing demand for personal care products such as shaving cream, deodorants, face-wash in youngsters is anticipated to increase demand for Personal Care Contract Manufacturing in the region.

Europe market is estimated to witness fastest growth over the forecast period, due to growing consumer preference towards, personal care and cosmetic products. Further, growing sale of online cosmetics products has boost the demand for Personal Care Contract Manufacturing in the region.

Report Scope:

Attribute	Details
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	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
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Personal Care Contract Manufacturing Market report based on Formulations, Service, Application and Region.

Personal Care Contract Manufacturing Market, By Formulations:

• Gels
• Lotions
• Creams
• Oils
• Others

Personal Care Contract Manufacturing Market, By Service:

• Custom Formulation
• Manufacturing
• Packaging

Personal Care Contract Manufacturing Market, By Application:

• Hair-care
• Skincare
• Fragrances & Deodorants
• Make-up & Color Cosmetics
• Others

Personal Care Contract Manufacturing Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating 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.

Recent Development:

• In December 2022, Marico South-East Asia Corporation, acquired 100% of Vietnam’s personal care firm “Beauty X” Joint Stock for (INR) Rs. 172 cr. “Beauty X” offers shampoos, conditioners, shower gels, face wash, conditioners, lotions and others which will help Marico to expand its personal care product portfolio with strengthening the position in the market.
• In November 2022, D2C Ecommerce acquired Luxura Sciences a leading natural personal care brand to expand its beauty and personal care segment and to strengthen its position across globe by investing in global markets such as, UK, US, Europe, South East Asia and Middle East.
• In January 2022, SUGAR Cosmetic’s parent firm, Vellvetter Lifestyle Pvt. Ltd., acquired ENN Beauty a natural haircare and skin care brand. This acquisition will allow the company strengthen its position in the market and to expand its product portfolio to suit Indian Millennials and consumer group.

• Albea Group*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• McBride Malysia Sdn. Bhd.
• VVF
• Nutrix International LLC.
• Tropical Products
• KIK custom products
• ApolloCorp Inc.
• FormulaCorp.
• Paklab
• HCT Group

 

“*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for medical carts Strategies
     • Key Questions this Study will Answer
     • Market Snippet, By Formulations
     • Market Snippet, By Service
     • Market Snippet, By Application
     • Market Snippet, By Region
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restrains
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Personal Care Contract Manufacturing Market, By Formulations
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
     • Y-o-Y Growth Analysis (%), 2022 – 2032
     • Segment Trends
   • Gels
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Lotions
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Creams
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Oils
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Others
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032

 

1. Personal Care Contract Manufacturing Market, By Service, 2022 – 2032, (US$ Bn)
   • Overview                                      
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
     • Y-o-Y Growth Analysis (%), 2022 – 2032
     • Segment Trends
   • Custom Formulation
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Manufacturing
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Packaging
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032

 

1. Personal Care Contract Manufacturing Market, By Application, 2022 – 2032, (US$ Bn)
   • Overview                                      
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
     • Y-o-Y Growth Analysis (%), 2022 – 2032
     • Segment Trends
   • Hair-care
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Skincare
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Fragrances & Deodorants
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Make-up & Color Cosmetics
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Others
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
2. Personal Care Contract Manufacturing Market, By Region, 2022 – 2032, (US$ Bn)
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
     • Y-o-Y Growth Analysis (%), 2022 – 2032
     • Regional Trends
   • North America
     • Market Size and Forecast (US$ Bn), By Formulations, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
       • U.S.
       • Canada
   • Europe
     • Market Size and Forecast (US$ Bn), By Formulations, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
       • UK
       • France
       • Germany
       • Russia
       • Italy
       • Rest of Europe
   • Asia Pacific
     • Market Size and Forecast (US$ Bn), By Formulations, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
       • India
       • Japan
       • South Korea
       • China
       • Rest of Asia Pacific

• • Latin America
    • Market Size and Forecast (US$ Bn), By Formulations, 2022 – 2032
    • Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
    • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
    • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032

 

• • • • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Formulations, 2022 – 2032
    • Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
    • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
    • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032

1. • • • GCC
       • Israel
       • South Africa
       • Rest of Middle East
2. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
3. Company Profiles

• Albea Group
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• McBride Malysia Sdn. Bhd.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• VVF
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Nutrix International LLC.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Tropical Products
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• KIK custom products
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• ApolloCorp Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• FormulaCorp.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Paklab
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• HCT Group
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

1. The Last Word
   • Future Impact
   • About Us
   • Contact