Personal Care Contract Manufacturing Market Size, Share, and Growth Analysis

Personal Care Contract Manufacturing Market By Application (Skin Care, Hair Care), By Product Form (Liquid, Oil), By Service Type (Manufacturing, Custom Formulation and R&D), By Region -Industry Forecast 2025-2032


Report ID: SQMIG30L2263 | Region: Global | Published Date: January, 2025
Pages: 189 |Tables: 93 |Figures: 73

Format - word format excel data power point presentation

Personal Care Contract Manufacturing Market Insights

Global Personal Care Contract Manufacturing Market size was valued at USD 21.2 Billion in 2023 and is poised to grow from USD 23.0 Billion in 2024 to USD 44.18 Billion by 2032, growing at a CAGR of 8.5% in the forecast period (2025-2032).

The personal care contract manufacturing market is experiencing significant growth because of the increasing demand for customized products in the personal care industry. Today consumers want personal care items that fulfil their specific preferences and needs. Contract manufacturers are meeting this demand by providing tailored solutions that align with individual customer requirements. For addressing varied consumer requirements, these manufacturers offer a vast range of services, such as product design, formulation, packaging, and labeling. The personal care contract manufacturing market growth is also increasing due to the rising focus on research and development. Contract manufacturers are making considerable investments in R&D initiatives for developing innovative products that can meet the evolving demands of consumers.

Contract manufacturers are also collaborating with various stakeholders in the personal care industry, like raw material suppliers, packaging manufacturers, and retailers, to provide better and efficient products to their customers. The practice of outsourcing manufacturing processes to contract manufacturers is also contributing to market expansion. Businesses are increasingly turning to contract manufacturing for minimizing expanses and improving operational efficiency. By outsourcing manufacturing to experts, companies can emphasis on their core competencies, like marketing and distribution. A significant driver of market growth is the availability of flexible manufacturing solutions from contract manufacturers, enabling businesses to adjust production levels in response to demand fluctuations.

Market snapshot - (2025-2032)

Global Market Size

USD 21.2 Billion

Largest Segment

Skincare

Fastest Growth

Haircare

Growth Rate

8.5% CAGR

Global Personal Care Contract Manufacturing Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Personal Care Contract Manufacturing Market Segments Analysis

The global personal care contract manufacturing market is segmented into application, product type, service type, and region. Based on application, the market is segmented into skincare, haircare, make up & color cosmetic, and fragrance & deodorant. Based on product type, the market is segmented into liquid, cream and lotions, gel, oil, and others. Based on service type, the market is segmented into manufacturing, custom formulation and R&D, and packaging. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Analysis by Application

Based on application, the skincare segment is dominating with the largest personal care contract manufacturing market share. Specialized personal care contract manufacturers focusing on skincare play a crucial role in crafting an extensive array of products tailored for the improvement and maintenance of skin health. This encompasses diverse formulations such as cleansers, moisturizers, serums, masks, and specialized treatment items. For example, McBride is a private label and contract manufacturer of personal care and household products. It offers a wide range of skin care products, such as body lotions, creams, and facial skincare solutions. Furthermore, increasing investment in R&D on producing specialty formulations involving organic ingredients is also boosting the global personal care contract manufacturing market growth.

The haircare segment is expected to witness significant demand growth during the forecast period. Hair care is growing rapidly in the global personal care contract manufacturing market because it consists of a wide range of products tailored to meet varied consumer needs related to hair health, styling, and upkeep. Excessive pollution levels and temperature changes have resulted in the high usage of haircare products. The growing trend of personal grooming and high-end lifestyle has substantially fueled the consumption of hair care products even among men. For example, KIK Custom Products, a contract manufacturer specializing in a wide range of hair care items is collaborating with various brands. KIK Custom Products is engaged in formulating and producing various types of hair coloring products, which range from conventional hair dyes to specialized color treatment solutions. This highlights the focus of the market on catering to the increasing demands of consumers through strategic partnerships with contract manufacturers like KIK Custom Products.

Analysis by Product Form

Based on product form, the liquid segment is dominating the personal care contract manufacturing market. The convenience of using liquid formulations is one of the major factors boosting the segment growth. The growing demand for face wash, serums, exfoliators, and scrubs worldwide is also positively influencing the growth of the liquid segment. The rising usage of shampoo, body wash, and more such personal care products among men and women is boosting expansion of the liquid segment. Customized or personalized personal care products are gaining traction, and the growth momentum is expected to continue. Additionally, liquids often contain a higher percentage of active ingredients, making them more potent and effective. The packaging and distribution of liquid products are also more convenient and cost-effective compared to solid or semi-solid forms.

As per personal care contract manufacturing market analysis, the oil segment is expected to be the fastest growing segment. Oils have gained traction in recent years, especially in the natural and organic personal care segment, owing to their nourishing and rejuvenating properties. Oils possess several characteristics, such as moisturizing, antimicrobial, and anti-inflammatory, which are beneficial to consumers, leading to their high demand. Moreover, the increasing production of organic oil products will positively influence the segment growth. Manufacturers are also incorporating new properties in the oil-based products to attract more customers such as improved rheology, quick absorption, and non-greasy, which is positively impacting the growth of the segment. The other factors that impact the growth are associated with the rising disposable income of consumers, changing lifestyle choices, and increased awareness regarding appearance.

Global Personal Care Contract Manufacturing Market Analysis by Application

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Personal Care Contract Manufacturing Market Regional Insights

Asia Pacific is dominating with the largest personal care contract manufacturing market share. The increased demand for items like deodorants and shaving cream among the younger population in emerging economies like India and China is projected to significantly impact market growth in the Asia Pacific region. Furthermore, with the rapid growth of aging population the usage of personal care products is constantly increasing the demand for aerosol valves in anti-aging cosmetics. Furthermore, in recent times, many global players in the personal care sector are moving their manufacturing bases to China and India for reducing their production prices making them affordable, which is also increasing the growth of the market. The expansion of contract manufacturing in this region has also been made possible by the region's governments' initiatives to provide technologically superior infrastructure for manufacturing facilities and low labor costs. Additionally, the contract manufacturers offer additional services, including effective personal care product distribution and sales, which expands their market.

The region of Europe is anticipated to witness the fastest growth during the personal care contract manufacturing market forecast period. Growing consumer preference for grooming to improve their self-esteem is fueling the demand for personal care products, leading to market growth. This increasing preference for personal care contract manufacturing market growth is especially witnessed in countries like Germany, Italy, France, Spain, and the U.K. In the last few years, Europe has led the global market for personal care contract manufacturing the demand for personal care products are constantly increasing with consumer awareness of well-being, healthy living, and high positive self-esteem. The market is anticipated to benefit from technological developments in the skincare industry and the creation and release of novel products. The demand for personal care contract manufacturers is expected to increase over the forecast period due to significant cosmetics manufacturers like L'Oréal Deutschland GmbH and Procter & Gamble Germany GmbH in the region.

Global Personal Care Contract Manufacturing Market By Geography
  • Largest
  • Fastest

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Personal Care Contract Manufacturing Market Dynamics

Drivers

Rapid Expansion of Cosmetic Sector

  • Significant growth in the cosmetic industry worldwide is one of the major factors creating a positive outlook for the growth of the global personal care contract manufacturing market. The hectic schedules, changing lifestyles and increasing female workforce participation, there is a growing demand for premium-quality personal care and cosmetics products. The contract manufacturing services deliver ancillary activities and core manufacturing, which enable the owners to focus more on core competencies and improve their overall efficiencies.

Rising Popularity of Customized Personal Care Product

  • The rising demand for customized personal care products in Europe has created a thriving market for personal care contract manufacturing. Consumers' increasing desire for personalized formulations, coupled with advancements in technology, has fueled the growth of this sector. Contract manufacturers offer flexibility, scalability, cost-efficiency, and regulatory compliance, making them ideal partners for personal care brands seeking to meet the evolving demands of consumers.

Restraints

Increasing Complexity in Supply Chain

  • The market faces significant restraints in the form of complexity and disruptions in the supply chain. The complexity of the supply chain and its susceptibility to disruptions are expected to restrain market growth. Personal care products often contain a diverse range of ingredients sourced globally. Contract manufacturers in Europe rely on a complex network of suppliers and distributors to procure these ingredients. Managing a global supply chain introduces complexities such as variations in quality standards, different regulatory requirements, and potential logistical challenges.

High Investment Expenses

  • High investment in manufacturing and marketing charges for quality products, easy availability of counterfeits, and intense competition amongst manufacturers for special product categories are a few of the key challenges hindering market growth rate of personal care contract manufacturing. The easy availability of low-quality and cheap substitutes is another reason that can affect the revenue generation of companies. Additionally, the allergies caused by certain chemicals or constituents and product recalls might lower the demand for personal care contract manufacturing products.

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Personal Care Contract Manufacturing Market Competitive Landscape

The competitive landscape of the personal care contract manufacturing industry is extremely fragmented. This is because the market has a mix of large multinational companies and smaller, specialized players. The prominent contract manufacturers are focusing on expanding their service offerings to include end-to-end solutions, from formulation and product development to packaging and distribution. This is enabling brands to streamline their operations and reduce time-to-market. Furthermore, many companies are investing in sustainable manufacturing processes and eco-friendly packaging solutions to meet the growing demand for green beauty products. The key strategies used by top companies consist of strategic partnerships with personal care brands to co-develop innovative products, along with mergers and acquisitions to increase their global footprint. Manufacturers are also improving their digital capabilities for providing more transparency and traceability in the supply chain, which is becoming increasingly important to both brands and consumers.

Top Players in Personal Care Contract Manufacturing Market

  • VVF (India)
  • A.I.G. Technologies, Inc. (U.S.)
  • Sarvotham Care (India)
  • Nutrix International LLC (U.S.)
  • Formula Corp. (U.S.)
  • PLZ Corp (U.S.)
  • Tropical Products (U.S.)
  • Apollo Corp Inc. (U.S.)
  • COVALENCE LABORATORIES (U.S.)
  • McBride (U.K.)
  • RCP Ranstadt GmbH (Germany)
  • Skinlys (France)
  • ALKOS GROUP (France)
  • ALBEA (Australia)
  • KIK Custom Products Inc. (U.S.)
  • HCT Group (U.K.)
  • Vi-Jon (U.S.)

Recent Developments

  • In April 2024, Parsons Nutritionals, a contract manufacturer specializing in packaged meals, beverages, and personal care products, was granted ₹700 crore from private equity fund Lighthouse Funds. Co-investors of Lighthouse that took part in the round consist of the International Finance Corporation (IFC), a World Bank Group member, Evolvence India, the Fund of Funds of HDFC AMC, and several family offices.
  • In May 2024, the biggest FMCG contract manufacturing and private label event in Asia was attended by Stella Industries, a global player in the personal care sector that focuses on producing high-quality products. The event took place in Mumbai's Jio BKC from May 15 to May 17, 2024.
  • In August 2023, Eco Lips widened its range of organic lip care products by launching the first-ever OTC-certified organic medicated lip balm. This innovative product can offer soothing relief and protection for painful fever blisters and cold sores. 

Personal Care Contract Manufacturing Key Market Trends

Personal Care Contract Manufacturing Market SkyQuest Analysis

SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the personal care contract manufacturing (PCCM) is a vital sector for the production of different cosmetic items, such as skincare products, hair care products, and personal hygiene items. The personal care contract manufacturing industry is growing because of the rising demand for cruelty-free products, vegan beauty products, and organic ingredients. Many e-commerce platforms are also playing a vital role in the growth of this industry, allowing easy access to consumers. The market is boosted by different factors like signs of aging, environmental pollution, hectic lifestyles, and the increasing popularity of specialty products. The demand for skincare masks, plant-based extracts, and organic components is also increasing. The PCCM companies are focusing on product innovation and new product development to cater to evolving consumer preferences, which is positively influencing market growth.

Report Metric Details
Market size value in 2023 USD 21.2 Billion
Market size value in 2032 USD 44.18 Billion
Growth Rate 8.5%
Base year 2024
Forecast period (2025-2032)
Forecast Unit (Value) USD Billion
Segments covered
  • Application
    • Skincare, Haircare, Make up & Color Cosmetic, and Fragrance & Deodorants
  • Product Form
    • Liquid, Cream and Lotion, Gels, Oil, and Others
  • Service Type
    • Manufacturing, Custom Formulation and R&D, and Packaging
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • VVF (India)
  • A.I.G. Technologies, Inc. (U.S.)
  • Sarvotham Care (India)
  • Nutrix International LLC (U.S.)
  • Formula Corp. (U.S.)
  • PLZ Corp (U.S.)
  • Tropical Products (U.S.)
  • Apollo Corp Inc. (U.S.)
  • COVALENCE LABORATORIES (U.S.)
  • McBride (U.K.)
  • RCP Ranstadt GmbH (Germany)
  • Skinlys (France)
  • ALKOS GROUP (France)
  • ALBEA (Australia)
  • KIK Custom Products Inc. (U.S.)
  • HCT Group (U.K.)
  • Vi-Jon (U.S.)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Personal Care Contract Manufacturing Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Personal Care Contract Manufacturing Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Personal Care Contract Manufacturing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Personal Care Contract Manufacturing Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Personal Care Contract Manufacturing Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Personal Care Contract Manufacturing Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Personal Care Contract Manufacturing Market size was valued at USD 21.2 Billion in 2023 and is poised to grow from USD 23.0 Billion in 2024 to USD 44.18 Billion by 2032, growing at a CAGR of 8.5% in the forecast period (2025-2032).

The competitive landscape of the personal care contract manufacturing industry is extremely fragmented. This is because the market has a mix of large multinational companies and smaller, specialized players. The prominent contract manufacturers are focusing on expanding their service offerings to include end-to-end solutions, from formulation and product development to packaging and distribution. This is enabling brands to streamline their operations and reduce time-to-market. Furthermore, many companies are investing in sustainable manufacturing processes and eco-friendly packaging solutions to meet the growing demand for green beauty products. The key strategies used by top companies consist of strategic partnerships with personal care brands to co-develop innovative products, along with mergers and acquisitions to increase their global footprint. Manufacturers are also improving their digital capabilities for providing more transparency and traceability in the supply chain, which is becoming increasingly important to both brands and consumers. 'VVF (India)', 'A.I.G. Technologies, Inc. (U.S.)', 'Sarvotham Care (India)', 'Nutrix International LLC (U.S.)', 'Formula Corp. (U.S.)', 'PLZ Corp (U.S.)', 'Tropical Products (U.S.)', 'Apollo Corp Inc. (U.S.)', 'COVALENCE LABORATORIES (U.S.)', 'McBride (U.K.)', 'RCP Ranstadt GmbH (Germany)', 'Skinlys (France)', 'ALKOS GROUP (France)', 'ALBEA (Australia)', 'KIK Custom Products Inc. (U.S.)', 'HCT Group (U.K.)', 'Vi-Jon (U.S.)'

Significant growth in the cosmetic industry worldwide is one of the major factors creating a positive outlook for the growth of the global personal care contract manufacturing market. The hectic schedules, changing lifestyles and increasing female workforce participation, there is a growing demand for premium-quality personal care and cosmetics products. The contract manufacturing services deliver ancillary activities and core manufacturing, which enable the owners to focus more on core competencies and improve their overall efficiencies.

Rising Emphasis on Natural and Organic Personal Care: In recent times, the demand for natural and organic personal care products has been increasing. People are dealing with many problems related to hair fall, oily skin, acne and wrinkles, among others. All these problems can be dealt with through the use of good and natural cosmetic products. The increasing awareness about the benefits of natural and organic cosmetic products is also encouraging the formulators for custom formulation and R&D of products.

Asia Pacific is dominating with the largest personal care contract manufacturing market share. The increased demand for items like deodorants and shaving cream among the younger population in emerging economies like India and China is projected to significantly impact market growth in the Asia Pacific region. Furthermore, with the rapid growth of aging population the usage of personal care products is constantly increasing the demand for aerosol valves in anti-aging cosmetics. Furthermore, in recent times, many global players in the personal care sector are moving their manufacturing bases to China and India for reducing their production prices making them affordable, which is also increasing the growth of the market. The expansion of contract manufacturing in this region has also been made possible by the region's governments' initiatives to provide technologically superior infrastructure for manufacturing facilities and low labor costs. Additionally, the contract manufacturers offer additional services, including effective personal care product distribution and sales, which expands their market.

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Personal Care Contract Manufacturing Market

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