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Personal Care Contract Manufacturing Market by Product Type, Service, and Geography - - Forecast and Analysis 2023-2027

  • Published: Mar 2023
  • Pages: 158
  • SKU: IRTNTR75045
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The personal care contract manufacturing market is estimated to grow at a CAGR of 7.36% between 2022 and 2027 and the size of the market is forecast to increase by USD 8.1 billion. The growth of the market depends on several factors, increasing awareness amongst consumers about personal hygiene, rising demand for flexible and innovative packaging, and growth and expansion of the cosmetic sector. 

This report extensively covers market segmentation by product type (skin care, hair care, make-up and cosmetics, and others), service (manufacturing, packaging, and custom formulation), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Personal Care Contract Manufacturing Market During the Forecast Period?

Personal Care Contract Manufacturing Market Size

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Technavio’s Exclusive Personal Care Contract Manufacturing Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Personal Care Contract Manufacturing Market Share by Geography

Key Drivers, Trends, and Challenges

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Key  Driver

Increasing awareness amongst consumers about personal hygiene is the key factor driving the personal care contract manufacturing market growth. A high standard of personal cleanliness can enhance one's sense of self-worth, self-assurance, and social, emotional, and psychological well-being. The primary force behind the growth of such products is the rising demand for feminine hygiene products. Additionally, government agencies have recently begun adopting initiatives and programs that emphasize the importance of using personal hygiene products, particularly in areas with underdeveloped economies and social systems.

Furthermore, organizations like UNICEF advocate for increased funding for initiatives related to hygiene around the globe. This entails developing political leadership for personal cleanliness at all levels and recruiting well-known proponents and political leaders. Moreover, through innovative advertising strategies, awareness will also rise, further encouraging the use of hygiene goods. Therefore, such factors will boost the PCCM  market growth during the forecast period.

Significant Trend

Influence through social media and blogging will fuel the global personal care contract manufacturing market growth.   Social media is becoming a vital platform for personal care contract manufacturers to communicate and engage with customers. Brands have the opportunity to showcase and promote their products on social media platforms like Instagram, Facebook, and YouTube, as well as boost revenue from viral and trending posts. The importance of social media in helping consumers discover the trendiest personal care products that meet their needs is changing consumer preferences.

After their products were pushed by influencers and gained popularity among the younger generation using these platforms, personal care contract makers experienced an increase in sales. Hence, social media trends affect customers' buying patterns and help businesses increase their visibility in the market for their products. Thus, the increasing influence of social media and blogging will drive the demand for personal care products, which, in turn, will increase the growth of the global PCCM market during the forecast period.

Major  Challenge

High investment expenditures and poor returns are major challenges impeding the market. Factors like high manufacturing and marketing costs for quality items and intense competition among manufacturers for specialized product categories are some of the major obstacles hindering the growth of the market. The ready availability of inferior, low-cost replacement parts is another factor that can affect a company's revenue generation. Supplier profit margins in the global PCCM market are very low as a large number of contract manufacturers compete with low-profit margins to offer favorable terms to various formulators. 

Low-quality contract manufacturers masquerading as high quality, loss of control over the manufacturing process, and the threat of loss of intellectual property rights are projected to hamper the market growth. In addition, the high investment expenditures and poor returns ramp up the risk level for vendors in the global PCCM market, which is a substantial impediment to the expansion of the global market during the forecast period. 

Who are the Major Personal Care Contract Manufacturing Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

KIK Custom Products Inc. - The company primarily focuses on manufacturing detergent and personal care products such as hospitality, household, pool, auto, and personal care products. The key offerings of the company include a wide range of products such as shampoos, conditioners, dry shampoos, color enhancers, and gels. 

KDC One - The company primarily focuses on developing and manufacturing deodorants, body oils, shaving creams, shave butter, hair gels, home fragrance spray, and dish liquids products. The key offerings of the company include household cleaning products. 

We also have detailed analyses of the market’s competitive landscape and offer information on 15 market vendors, including:

  • AIG Technologies
  • Albea Services SAS
  • ANJAC Health and Beauty
  • Beautech
  • Cosmetic Group USA Inc.
  • CoValence laboratories
  • FAREVA SA
  • Formula Corp.
  • Kolmar Korea
  • McBride Plc
  • Nutrix International LLC
  • RCP Ranstadt GmbH
  • Sarvotham Care Ltd.
  • Tropical Products
  • UNIVERSAL PACKAGING SYSTEMS Inc.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Personal Care Contract Manufacturing Market Segmentation by Product Type, Service, and Geography

Product Type Segment Analysis: 

The skin care segment will contribute a major share of the market, as the increasing penetration of multifunctional solutions, such as moisturizers, face creams, body wash, and oils are expanding the market for skincare products. The segment showed a gradual increase in market share with USD 5,93 billion in 2017 and continued to grow by 2021. Owing to increased disposable income, aggressive marketing, and the introduction of novel products by manufacturers, the urban customer preference for various skincare products has increased. As people become more aware of skin diseases and treatments, they begin to use skincare products earlier, thereby contributing to the growth of the industry.

Personal Care Contract Manufacturing Market Size

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In recent times products like anti-aging creams, face creams, serums, eye creams, and other anti-aging treatments are in high demand. Pollution and hard water drive the demand for these products. Therefore, customers are more likely to invest in skincare treatments when they are younger. They invest a great deal of time and money in anti-aging products. Furthermore, beauty salons are now ubiquitous in most countries, such as the USA, India, and China. As shopping malls in major metropolitan areas stock beauty and skincare products of major mainstream personal care brands, these nations offer a massive market for contract manufacturing of personal products. Therefore, all the discussed factors will drive the growth of the global personal care contract manufacturing (PCCM) market during the forecast period.

Service Segment Analysis: 

The manufacturing services segment led the growth of the industry, owing to increased demand for its products in both developed and developing countries. Major brands such as Cosmetic Group USA Inc. and HK Kolmar Korea outsource their bulk products and focus on manufacturing new products that are expected to boost the production of these products by contractors. The demand for hair care products is also expected to increase as the aging population places more emphasis on personal care worldwide. Additionally, according to primary sources, more than 50% of male consumers worldwide consider their looks and appearance to be important, and more than 25% are constantly improving their appearance. Hence, all these factors drive the growth of the global personal care contract manufacturing (PCCM) market during the forecast period. 

Regional Analysis

APAC is estimated to contribute 37% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  

Personal Care Contract Manufacturing Market Share by Geography

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A growing millennial population in Asia-Pacific nations such as China, India, and Vietnam presents significant market opportunities for market participants. The increased demand for products such as deodorants and shaving cream among the younger populations of emerging nations such as India and China is anticipated to have a substantial impact on the market expansion in the Asia-Pacific region. Consumers are experiencing a rising incidence of hair thinning, loss of volume, dryness, and other hair-related issues, and hair care products are emerging as the most affluent and cost-effective solution. In addition, increased awareness of cosmetics products such as face make-up, hairstyling, and coloring products is likely to drive market expansion. As cost-conscious consumers choose products that provide hydration and skin protection, the demand for multifunctional products drives innovation. Avon Products, Inc., Beiersdorf AG, L'Oreal Group, Procter and Gamble, The Estee Lauder Companies, Inc., and Unilever are among the leading corporations in the Asia-Pacific beauty and personal care products market. Therefore, such factors will drive regional personal care contract manufacturing (PCCM) market growth during the forecast period.

Covid Recovery Analysis:

COVID-19 caused unprecedented changes in consumption patterns, which have had a direct impact on the market. However, industry participants have been quick to capitalize on the digitalization wave through a variety of strategies, including organizing social media live streams and implementing virtual product try-on. Increased collaboration between brands and retailers to produce interactive "live entertainment" also contributed to the increase in online shopping traffic. The shift towards digital retailing and reconstruction of the offline shopping experience, to factor in greater hygiene awareness measures for staff and consumers, are examples of changes set to become permanent in the immediate future. Therefore, the personal care contract manufacturing market will grow at a high rate during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Product Type Outlook (USD Billion, 2017 - 2027)
    • Skin care
    • Hair care
    • Make-up and cosmetics
    • Others
  • Service Outlook (USD Billion, 2017 - 2027)
    • Manufacturing
    • Packaging
    • Custom formulation
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Personal Care Contract Manufacturing Market Scope

Report Coverage

Details

Page number

158

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.36%

Market growth 2023-2027

USD 8.1 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

6.21

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 37%

Key countries

US, Canada, China, India, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

AIG Technologies, Albea Services SAS, ANJAC Health and Beauty, Beautech, Cosmetic Group USA Inc., CoValence laboratories, FAREVA SA, Formula Corp., KIK Custom Products Inc., KDC One, Kolmar Korea, McBride Plc, Nutrix International LLC, RCP Ranstadt GmbH, Sarvotham Care Ltd., Tropical Products, UNIVERSAL PACKAGING SYSTEMS Inc., Vi Jon LLC, VVF Group, and World Wide Packaging LLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Personal Care Contract Manufacturing Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the personal care contract manufacturing market between 2023 and 2027
  • Precise estimation of the size of the personal care contract manufacturing market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of personal care contract manufacturing market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Service
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global personal care contract manufacturing market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global personal care contract manufacturing market 2017 - 2021 ($ billion)
    • 4.2 Product type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product type Segment 2017 - 2021 ($ billion)
    • 4.3 Service Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Service Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Product Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Product Type
      • Exhibit 32: Chart on Comparison by Product Type
      • Exhibit 33: Data Table on Comparison by Product Type
    • 6.3 Skin care - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Skin care - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Skin care - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Skin care - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Skin care - Year-over-year growth 2022-2027 (%)
    • 6.4 Hair care - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Hair care - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Hair care - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Hair care - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Hair care - Year-over-year growth 2022-2027 (%)
    • 6.5 Make-up and cosmetics - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Make-up and cosmetics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Make-up and cosmetics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Make-up and cosmetics - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Make-up and cosmetics - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Product Type
      • Exhibit 50: Market opportunity by Product Type ($ billion)
      • Exhibit 51: Data Table on Market opportunity by Product Type ($ billion)

    7 Market Segmentation by Service

    • 7.1 Market segments
      • Exhibit 52: Chart on Service - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on Service - Market share 2022-2027 (%)
    • 7.2 Comparison by Service
      • Exhibit 54: Chart on Comparison by Service
      • Exhibit 55: Data Table on Comparison by Service
    • 7.3 Manufacturing - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Manufacturing - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Data Table on Manufacturing - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Chart on Manufacturing - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Manufacturing - Year-over-year growth 2022-2027 (%)
    • 7.4 Packaging - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Packaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Data Table on Packaging - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Chart on Packaging - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Packaging - Year-over-year growth 2022-2027 (%)
    • 7.5 Custom formulation - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Custom formulation - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 65: Data Table on Custom formulation - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Chart on Custom formulation - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Custom formulation - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Service
      • Exhibit 68: Market opportunity by Service ($ billion)
      • Exhibit 69: Data Table on Market opportunity by Service ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 India - Market size and forecast 2022-2027
      • Exhibit 103: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 104: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Canada - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 112: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 113: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Albea Services SAS
              • Exhibit 123: Albea Services SAS - Overview
              • Exhibit 124: Albea Services SAS - Product / Service
              • Exhibit 125: Albea Services SAS - Key offerings
            • 12.4 Cosmetic Group USA Inc.
              • Exhibit 126: Cosmetic Group USA Inc. - Overview
              • Exhibit 127: Cosmetic Group USA Inc. - Product / Service
              • Exhibit 128: Cosmetic Group USA Inc. - Key offerings
            • 12.5 FAREVA SA
              • Exhibit 129: FAREVA SA - Overview
              • Exhibit 130: FAREVA SA - Product / Service
              • Exhibit 131: FAREVA SA - Key offerings
            • 12.6 Formula Corp.
              • Exhibit 132: Formula Corp. - Overview
              • Exhibit 133: Formula Corp. - Product / Service
              • Exhibit 134: Formula Corp. - Key offerings
            • 12.7 KDC One
              • Exhibit 135: KDC One - Overview
              • Exhibit 136: KDC One - Product / Service
              • Exhibit 137: KDC One - Key offerings
            • 12.8 KIK Custom Products Inc.
              • Exhibit 138: KIK Custom Products Inc. - Overview
              • Exhibit 139: KIK Custom Products Inc. - Product / Service
              • Exhibit 140: KIK Custom Products Inc. - Key offerings
            • 12.9 Kolmar Korea
              • Exhibit 141: Kolmar Korea - Overview
              • Exhibit 142: Kolmar Korea - Product / Service
              • Exhibit 143: Kolmar Korea - Key offerings
            • 12.10 McBride Plc
              • Exhibit 144: McBride Plc - Overview
              • Exhibit 145: McBride Plc - Business segments
              • Exhibit 146: McBride Plc - Key offerings
              • Exhibit 147: McBride Plc - Segment focus
            • 12.11 Nutrix International LLC
              • Exhibit 148: Nutrix International LLC - Overview
              • Exhibit 149: Nutrix International LLC - Product / Service
              • Exhibit 150: Nutrix International LLC - Key offerings
            • 12.12 Sarvotham Care Ltd.
              • Exhibit 151: Sarvotham Care Ltd. - Overview
              • Exhibit 152: Sarvotham Care Ltd. - Product / Service
              • Exhibit 153: Sarvotham Care Ltd. - Key offerings
            • 12.13 Tropical Products
              • Exhibit 154: Tropical Products - Overview
              • Exhibit 155: Tropical Products - Product / Service
              • Exhibit 156: Tropical Products - Key offerings
            • 12.14 UNIVERSAL PACKAGING SYSTEMS Inc.
              • Exhibit 157: UNIVERSAL PACKAGING SYSTEMS Inc. - Overview
              • Exhibit 158: UNIVERSAL PACKAGING SYSTEMS Inc. - Product / Service
              • Exhibit 159: UNIVERSAL PACKAGING SYSTEMS Inc. - Key offerings
            • 12.15 Vi Jon LLC
              • Exhibit 160: Vi Jon LLC - Overview
              • Exhibit 161: Vi Jon LLC - Product / Service
              • Exhibit 162: Vi Jon LLC - Key offerings
            • 12.16 VVF Group
              • Exhibit 163: VVF Group - Overview
              • Exhibit 164: VVF Group - Product / Service
              • Exhibit 165: VVF Group - Key offerings
            • 12.17 World Wide Packaging LLC
              • Exhibit 166: World Wide Packaging LLC - Overview
              • Exhibit 167: World Wide Packaging LLC - Product / Service
              • Exhibit 168: World Wide Packaging LLC - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 169: Inclusions checklist
                • Exhibit 170: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 171: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 172: Research methodology
                • Exhibit 173: Validation techniques employed for market sizing
                • Exhibit 174: Information sources
              • 13.5 List of abbreviations
                • Exhibit 175: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
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              Personal Care Contract Manufacturing market growth will increase by $8.1 billion during 2023-2027.
              The personal care contract manufacturing market is expected to grow at a CAGR of 7.36% during 2023-2027.
              Technavio has segmented the personal care contract manufacturing market by product type (Skin care, Hair care, Make-up and cosmetics, and Others) ,service (Manufacturing, Packaging, and Custom formulation) , and geography (APAC, North America, Europe, Middle East and Africa, and South America).
              AIG Technologies, Albea Services SAS, ANJAC Health and Beauty, Beautech, Cosmetic Group USA Inc., CoValence laboratories, FAREVA SA, Formula Corp., KIK Custom Products Inc., KDC One, Kolmar Korea, McBride Plc, Nutrix International LLC, RCP Ranstadt GmbH, Sarvotham Care Ltd., Tropical Products, UNIVERSAL PACKAGING SYSTEMS Inc., Vi Jon LLC, VVF Group, World Wide Packaging LLC are a few of the key vendors in the personal care contract manufacturing market.
              APAC will register the highest growth rate of 37.28% among the other regions. Therefore, the personal care contract manufacturing market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the personal care contract manufacturing market growth are:
              • Increasing awareness amongst consumers on personal hygiene
              • Influence through social media and blogging
              The personal care contract manufacturing market vendors should focus on grabbing business opportunities from the skin care segment as it accounted for the largest market share in the base year.
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