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The personal care contract manufacturing (PCCM) market size is valued to increase USD 7.8 billion, at a CAGR of 6.75% from 2023 to 2028. Increasing awareness amongst consumers on personal hygiene will drive the personal care contract manufacturing (PCCM) market.
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The personal care contract manufacturing (PCCM) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The skin care segment is estimated to witness significant growth during the forecast period.
In the dynamic realm of personal care contract manufacturing (PCCM), the skincare segment held a significant 50% market share in 2023. This dominance can be attributed to the increasing popularity of multifunctional skincare solutions, such as moisturizers, face creams, body wash, and oils. The expanding market for skincare products is driven by the rising incidence of dermal conditions and the growing preference for these items among urban consumers. With increasing disposable income, aggressive marketing, and the continuous introduction of innovative skincare products, the demand for these items has surged. The industry's growth is further fueled by consumers' heightened awareness of skin diseases and treatments, leading them to use skincare products at earlier stages in life.
To cater to this burgeoning market, contract manufacturing services providers focus on maintaining quality through rigorous quality assurance testing, inventory management, and quality control audits. They ensure GMP compliance, process validation, and microbiological testing to ensure product safety and efficacy. Production capacity is a crucial factor, with companies investing in automated systems, cleanroom manufacturing, and process optimization to enhance manufacturing efficiency. Effective supply chain management, including raw material sourcing, formulation development, and packaging design, is essential for successful PCCM operations. Order fulfillment, packaging solutions, and finished goods warehousing are other critical components that contribute to the overall success of the industry. As the personal care contract manufacturing market continues to evolve, it is essential for players to prioritize safety, efficiency, and innovation to remain competitive.
The Skin care segment was valued at USD 6.20 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 36% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is witnessing notable growth, particularly in the Asia Pacific (APAC) region, due to the increasing population of millennials in countries like China, India, and Vietnam. This demographic cohort's rising demand for products such as deodorants, shaving cream, and hair care solutions is driving market expansion in APAC. Consumers in these emerging economies are increasingly concerned about hair issues like thinning, loss of volume, and dryness, making hair care products an attractive and cost-effective solution. Furthermore, the growing awareness and acceptance of cosmetics products, including face make-up, hairstyling, and coloring agents, are expected to fuel market growth.This growth can be attributed to the region's large and youthful population, increasing disposable income, and rising consumer awareness.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global personal care contract manufacturing market is undergoing continuous transformation as companies focus on balancing innovation, compliance, and efficiency. Growing emphasis on contract manufacturing quality control systems and cleanroom manufacturing personal care products reflects the industry's focus on safety and precision. Alongside these practices, supply chain management for personal care goods and efficient supply chain management for contract manufacturing are becoming essential to meet demand fluctuations, ensure timely delivery, and maintain high standards. Organizations are also increasingly integrating personal care product lifecycle management system solutions and contract manufacturing inventory management solutions to streamline operations and improve long-term planning.
Recent comparisons highlight how technological integration shapes performance. For example, advancements in personal care product formulation development have achieved process efficiencies close to 24.6%, while cosmetic packaging design and production strategies yielded efficiency values of around 19.4%. At the same time, automated filling and sealing machinery demonstrated higher throughput rates than traditional methods, supporting more reliable contract manufacturing order fulfillment. These figures illustrate the importance of contract manufacturing process validation, personal care product packaging material selection, and personal care product labeling compliance in maintaining consistency, scalability, and market readiness.
The sector continues to expand as firms pursue personal care product regulatory compliance, personal care product stability testing protocols, and quality assurance testing cosmetic products. In parallel, the focus on product development for private label cosmetics and private label production capacity planning supports diverse market entry opportunities. Personal care contract manufacturing order fulfillment is increasingly linked to personal care product distribution logistics, while the proper use of contract manufacturing safety data sheets reinforces transparency. Together, these strategies underscore the evolving nature of contract manufacturing and its role in supporting global personal care innovation.
The personal care contract manufacturing (PCCM) market forecasting 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 personal care contract manufacturing (PCCM) market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Personal Care Contract Manufacturing (PCCM) Industry
Companies are implementing various strategies, such as strategic alliances, personal care contract manufacturing (PCCM) market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
AIG Technologies - This contract manufacturing firm specializes in producing a diverse range of cosmetic packaging solutions, including tubes, dispensing systems, bottles, bags, jars, pens, applicators, and accessories for the global beauty industry. Their offerings encompass tubing, dispensing technology, and various container types, catering to diverse customer needs.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Personal Care Contract Manufacturing (PCCM) Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.75% |
Market growth 2024-2028 |
USD 7.8 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.44 |
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Personal Care Contract Manufacturing (PCCM) Market between 2024 and 2028?
USD 7.8 billion, at a CAGR of 6.75%
What segmentation does the market report cover?
The report is segmented by Product Type (Skin care, Hair care, Make-up and cosmetics, and Others), Service (Manufacturing, Packaging, and Custom formulation), Geography (APAC, North America, Europe, Middle East and Africa, and South America), Formulation Type (Conventional and Natural/Organic), and End-use (Mass Market Products, Premium Products, and Niche Products)
Which regions are analyzed in the report?
APAC, North America, Europe, Middle East and Africa, and South America
What are the key growth drivers and market challenges?
Increasing awareness amongst consumers on personal hygiene, High investment expenditures and poor returns
Who are the major players in the Personal Care Contract Manufacturing (PCCM) Market?
AIG Technologies, Albea Services SAS, ANJAC Health and Beauty, Beautech, Cosmetic Group USA Inc., CoValence laboratories, FAREVA SA, Formula Corp., KDC One, KIK Custom Products Inc., Kolmar Korea, McBride Plc, Nutrix International LLC, RCP Ranstadt GmbH, Sarvotham Care Ltd., Tropical Products, UNIVERSAL PACKAGING SYSTEMS Inc., Vi Jon LLC, VVF Ltd., and World Wide Packaging LLC
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Service
8 Market Segmentation by Formulation Type
9 Market Segmentation by End-use
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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