Global Cosmetics OEM/ODM Market: Preferences for Organic Compounds to Pump Growth Thrust —
The cosmetics industry is one of the most enterprising industries with widespread growth opportunities parallel to evolving consumer preferences for superlative aesthetic appeal. Flawless appearance is one of the most coveted inclination amongst people of all age group. With rapid developments and prying concerns over issues such as environmental sustainability pacing up rapid momentum, the cosmetic industry is also witnessing path-breaking innovations in terms of product finish as well as product sourcing. These rapid developments are likely to favor upward growth stance in global cosmetics OEM/ODM market in the foreseeable future.
Get more insights at: Cosmetics OEM/ODM Market 2019-2025
These developments are anticipated to fetch incremental growth opportunities in also in cosmetics OEM/ODM market with novel trends such as organic and vegan cosmetics. The global cosmetics OEM/ODM market is poised to grow at a decent CAGR of 5.3% through the forecast tenure and is estimated to ring a value of USD 77.22 billion in 2015, crossing its former value of USD 50.91 billion in 2018. These market highlights have been extracted from Adroit Market Research’s (AMR) recent research offering under the title, 'Global Cosmetics OEM/ODM Market by Type and Application Forecast, 2015-25' included in the fast expanding online data archive.
OEM/ODM manufacturing are essentially distinct manufacturing processes of cosmetics. Therefore, these cosmetic products are deemed to be non-generic, having some innovations tagged to their novel formulations. Global OEM/ODM market specifically witnesses a robust growth in R&D endeavors targeted for product diversity, complying with transitioning consumer preferences. These entities more often than not invest in novel formulation followed by apt manufacturing, marketing and supply chain strategy designing of these newly formulated products with the aid of third party marketers or contractors.
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The final manufactured offerings are also subject to alterations from the original formulation at the discretion of OEM/ODM manufacturers. The boom in e-commerce industry has witnessed emergence of a slew of cosmetic OEM/ODM players who conveniently push their products down e-retail platforms such as Amazon and the like. The global cosmetics OEM/ODM market is increasingly driven by advantages such as proprietary rights to market a particular cosmetic product. However, the market is affected by certain bottlenecks such as surged pricing.
The rage of sustainable consumption has seeped in deep in the cosmetic realm, encouraging players to manufacture organic compounds as opposed to chemical counterparts. Attributes such as minimal side effects and long term implications on rejuvenation associated with naturally sourced products are likely to boost growth in global cosmetic OEM/ODM market in forthcoming years. Manufacturers are also pumping ample investments to blend cosmetic therapies with pharmaceutical ingredients in a bid to offer long term and therapeutic treatment to certain critical conditions such as acne. These developments are anticipated to propel thorough growth thrust in global cosmetics OEM/ODM market.
The cosmetics OEM/ODM market is consolidated in nature with presence of well-established players occupying majority of the market share across the globe. Key players include COSMAX, KOLMAR KOREA, Intercos Technology (Suzhou SIP) Co., Ltd, COSMOBEAUTY CO., LTD., TOYO BEAUTY CO.,LTD, Raphas Co., Ltd., Nox Bellow Cosmetics Co.,Ltd, COSMECCA KOREA, ESTATE CHEMICAL Co.,Ltd.
Segment overview of Global Cosmetics OEM/ODM Market
Type Overview, 2015-2025 (USD Million)
Application overview, 2015-2025 (USD Million)
Regional Overview, 2015-2025 (USD Million)
• North America
• Asia pacific
• South Korea
• Central & South America
• Middle East & Africa
Some Major Points from TOC:
Chapter 1 Executive Summary
Chapter 2 Research Methodology
2.1 Methodology/Research Approach
2.2 Market Size Estimation Methodology
2.3 Forecasting Methodology
2.4 Scope, definition, and assumptions
2.6 Data Sources
Chapter 3 Market Outlook
Chapter 4 Cosmetics OEM/ODM Market Overview, By Type
Chapter 5 Cosmetics OEM/ODM Market Overview, By Application
Chapter 6 Cosmetics OEM/ODM Market Overview, By Region
Chapter 7 Company Profiles
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