The Cosmetic OEM/ODM Market Is Estimated To Increase At A CAGR Of 5.01 Percent During The Forecast Period 2019-2026

Original Equipment Manufacturer:

OEM stands for "Original Equipment Manufacturer" in the cosmetics sector, which indicates the OEM owns the creation and formulation of a specific product. It is also known as 'private label,' where the OEM is its original manufacturer. On the other hand, ODM (Original Design Manufacturing) businesses produce the overall design and specs of items marketed by cosmetic companies under their names. In addition, ODM firms develop their concepts and formulations into physical and practical cosmetic items for enterprises with limited resources in building and creating products.


Market Analysis:

The global Cosmetic OEM/ODM Market was valued at USD 49.25 billion in 2018 and is expected to increase at a CAGR of 5.01 per cent from 2019 to 2026 to reach USD 72.27 billion. Rising consumer awareness of the harmful effects of chemicals used in beauty products on the skin, growing consumer preferences for organic beauty products, significant increases in disposable incomes over the last decade, and changing lifestyles are some of the factors that will propel the market forward.


Over the past decade, a significant rise in disposable incomes, expansion in global economies, changing lifestyles, and rising needs for skin and sun care products due to varied climatic conditions are the primary market drivers for the Global Cosmetics OEM/ODM market. The Cosmetic OEM/ODM market is expected to grow in response to consumers' growing preference for more natural and organic beauty products, notably in the United States and Europe. As the demand for natural, herbal, and organic beauty products grows, producers will have more opportunities to innovate and develop new products that cater to consumer preferences.


Regional Analysis:

North America, Europe, Asia Pacific, and the Rest of the World are the primary geographies analysed in the global Cosmetic OEM/ODM Market (RoW). The greatest market was Asia-Pacific, followed by North America, the second-largest Cosmetic OEM/ODM Market. The Asia Pacific is one of the most diversified and dynamic marketplaces in the global cosmetics business. Due to factors such as increased use of products such as body moisturising lotions, sunscreen lotions & creams, facial wipes, face wash, hair styling gels, and makeup products for men and women, rising disposable income, and increasing awareness about personal appearance, the region is expected to grow rapidly during the forecast period.


Key Players:

Intercos S.p.A., Kolmar Korea Co. Ltd., Scalpi Cosmética sa, Cosmecca Korea Co., Cosmax Inc., Mana Products Inc., KBL cosmetics Ltd., Urist Cosmetics Incorporated, Fareva Holding SA, Milliona Cosmetics Co., Ltd., Skinlys, Maesa SAS, Schwanhäußer Holding GmbH & Co. KG, Tricorbraun Inc Herrco Cosmetics Limited and Architectural Beauty are the major key players of the Cosmetic OEM/ODM Market.

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