Personal Care Contract Manufacturing Market Size, Share, Growth, Trends | Report 2022-2030
The global personal care contract manufacturing market was estimated at USD 18.9 billion in 2021 and it is expected to surpass around USD 37.24 billion by 2030, poised to grow at a CAGR of 7.83% from 2022 to 2030.
Report Highlights
Rising demand for manufacturing capabilities from OEMs, coupled with increasing requirement of personal care products, is anticipated to drive the industry growth.
Growing demand for organic and natural personal care products on account of increased awareness of the harmful effects of chemical products is likely to boost growth in the sector over time. Furthermore, the COVID-19 pandemic has resulted in increased demand for personal hygiene products, which, in turn, positively impacts the industry growth.
The rapid growth of the personal care industry especially in China, India, and Brazil is projected to propel the growth of the contract manufacturing market. The need for companies to cater to this rising demand for fast-moving personal care products such as shampoos, soaps, and creams has enhanced their production capabilities, which is projected to drive the contract manufacturing market.
Changing consumer trends associated with increased digital disclosure, personalized shopping experience, and availability of abundant information on personal care products are anticipated to drive the demand globally. Furthermore, the rise in demand for skincare and make-up products, especially from the millennials, is expected to drive the industry.
The market trend suggests a shift in the focus of manufacturers toward innovative products, coupled with the all-encompassing availability of these products. Companies are engaging in extensive commercialization of personal care products through marketing and branding that involves heavy advertisements. Hence, companies are opting for contract manufacturing.
Scope of The Report
| Report Coverage | Details |
| Market Size in 2021 | USD 18.9 billion |
| Revenue Forecast by 2030 | USD 37.24 billion |
| Growth rate from 2022 to 2030 | CAGR of 7.83% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segmentation | Service, region |
| Companies Covered |
Cosmetic Group USA; McBride; Knowlton Development Corporation; HCT Group; KIK custom products; PakLab; Fareva; Albea; SeaCliff Beauty Packaging &Laboratories; WWP Beauty |
Service Insights
The manufacturing service segment led the industry growth and accounted for 87.32% of global revenue share in 2021, owing to the increasing demand for the products in developed as well as developing nations. The major brands, including P&G and Unilever, are outsourcing their mass-manufactured products and are focusing on the production of innovative products, which is expected to aid the production of these products through contractors.
The skincare segment in manufacturing service is expected to grow at a CAGR of 8.92% during the forecast period. Rising demand for skincare products, particularly from the millennials to delay the signs of aging is expected to propel the demand. In addition, increasing R&D expenditure on producing specialty formulations involving organic ingredients is expected to propel the global personal care contract manufacturing market growth.
Rising demand for organic and natural personal care products is expected to compel the formulators for R&D and custom formulation of products. This, in turn, is likely to have a positive impact on the industry during the forecast period. The companies are rigorously trying to innovate new products owing to the changing tastes & preferences of the consumers, thereby investing majorly in research & development and custom formulation.
The rising demand for flexible and innovative packaging in the personal care industry is expected to have a positive impact on the market. The packaging of personal care products adds aesthetic value to the product, which is one of the primary reasons for the purchasing decision of the consumers. Moreover, the companies are investing in innovative packaging, which is expected to propel the growth of the personal care contract manufacturing market.
Regional Insights
Asia Pacific led the market and accounted for 37.24% of the global revenue share in 2021. The personal care industry in the Asia Pacific is driven by the heightened demand for products such as deodorants and shaving creams among the younger population in emerging markets, including India and China, which is expected to have a major impact on industry growth.
The European PCCM market is expected to grow at a CAGR of 7.05% during the forecast period. Growing demand for personal care products, particularly in Germany, Italy, France, Spain, and the UK due to consumer inclination towards grooming to inculcate positive self-esteem is expected to drive demand.
Advanced technological capabilities and supporting infrastructure have promoted highly sophisticated manufacturing of critical products on a large scale with high accuracy. The demand for custom formulations is also high in North America, pertaining to the presence of R&D hubs of key personal care industry players in the region, and appealing advanced technological centers established by contract manufacturers for providing a one-stop solution to formulators.
Population growth, urbanization, and industrial growth in the Middle East are expected to play an important role in augmenting the personal care industry. Governments in these regions have framed supportive policies to augment the industrial output of personal care sectors. As a result, personal care manufacturers could collaborate with the manufacturing facilities in the Middle East for contract manufacturing and tap new industries during the forecasted period.
Key Players
Market Segmentation
Chapter 1. Introduction
1.1.Research Objective
1.2.Scope of the Study
1.3.Definition
Chapter 2. Research Methodology
2.1.Research Approach
2.2.Data Sources
2.3.Assumptions & Limitations
Chapter 3. Executive Summary
3.1.Market Snapshot
Chapter 4. Market Variables and Scope
4.1.Introduction
4.2.Market Classification and Scope
4.3.Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5.COVID 19 Impact on Personal Care Contract Manufacturing Market
5.1. COVID-19 Landscape: Personal Care Contract Manufacturing Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4.Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1.Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2.Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1.List of Suppliers
7.1.3.2.List of Buyers
Chapter 8. Global Personal Care Contract Manufacturing Market, By Service
8.1.Personal Care Contract Manufacturing Market, by Service Type, 2020-2030
8.1.1. Manufacturing
8.1.1.1.Market Revenue and Forecast (2017-2030)
8.1.2. Custom Formulation
8.1.2.1.Market Revenue and Forecast (2017-2030)
8.1.3. Packaging
8.1.3.1.Market Revenue and Forecast (2017-2030)
Chapter 9. Global Personal Care Contract Manufacturing Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Type (2017-2030)
9.1.2. Market Revenue and Forecast, by End-use (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Type (2017-2030)
9.1.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Type (2017-2030)
9.1.4.2. Market Revenue and Forecast, by End-use (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Type (2017-2030)
9.2.2. Market Revenue and Forecast, by End-use (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Type (2017-2030)
9.2.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Type (2017-2030)
9.2.4.2. Market Revenue and Forecast, by End-use (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Type (2017-2030)
9.2.5.2. Market Revenue and Forecast, by End-use (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
9.2.6.2. Market Revenue and Forecast, by End-use (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Type (2017-2030)
9.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Type (2017-2030)
9.3.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Type (2017-2030)
9.3.4.2. Market Revenue and Forecast, by End-use (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Type (2017-2030)
9.3.5.2. Market Revenue and Forecast, by End-use (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
9.3.6.2. Market Revenue and Forecast, by End-use (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Type (2017-2030)
9.4.2. Market Revenue and Forecast, by End-use (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Type (2017-2030)
9.4.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Type (2017-2030)
9.4.4.2. Market Revenue and Forecast, by End-use (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Type (2017-2030)
9.4.5.2. Market Revenue and Forecast, by End-use (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
9.4.6.2. Market Revenue and Forecast, by End-use (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Type (2017-2030)
9.5.2. Market Revenue and Forecast, by End-use (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Type (2017-2030)
9.5.3.2. Market Revenue and Forecast, by End-use (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Type (2017-2030)
9.5.4.2. Market Revenue and Forecast, by End-use (2017-2030)
Chapter 10.Company Profiles
10.1.Cosmetic Group USA, Inc.
10.1.1.Company Overview
10.1.2.Product Offerings
10.1.3.Financial Performance
10.1.4.Recent Initiatives
10.2.McBride
10.2.1.Company Overview
10.2.2.Product Offerings
10.2.3.Financial Performance
10.2.4.Recent Initiatives
10.3.Knowlton Development Corporation
10.3.1.Company Overview
10.3.2.Product Offerings
10.3.3.Financial Performance
10.3.4.Recent Initiatives
10.4.HCT Group
10.4.1.Company Overview
10.4.2.Product Offerings
10.4.3.Financial Performance
10.4.4.Recent Initiatives
10.5.KIK custom products
10.5.1.Company Overview
10.5.2.Product Offerings
10.5.3.Financial Performance
10.5.4.Recent Initiatives
10.6.PakLab
10.6.1.Company Overview
10.6.2.Product Offerings
10.6.3.Financial Performance
10.6.4.Recent Initiatives
10.7.Fareva
10.7.1.Company Overview
10.7.2.Product Offerings
10.7.3.Financial Performance
10.7.4.Recent Initiatives
10.8.Albea
10.8.1.Company Overview
10.8.2.Product Offerings
10.8.3.Financial Performance
10.8.4.Recent Initiatives
10.9.SeaCliff Beauty Packaging &Laboratories
10.9.1.Company Overview
10.9.2.Product Offerings
10.9.3.Financial Performance
10.9.4.Recent Initiatives
10.10.WWP Beauty
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11.Research Methodology
11.1.Primary Research
11.2.Secondary Research
11.3.Assumptions
Chapter 12.Appendix
12.1.About Us
12.2.Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers