According to the latest market report by Straits Research, the global Cosmetics ODM Market was valued at USD 10.19 billion in 2022 and is projected to reach USD 30.12 billion by 2031, growing at a compound annual growth rate (CAGR) of 12.8% during the forecast period from 2023 to 2031.
The cosmetics industry has experienced significant evolution in recent years, and Original Design Manufacturer (ODM) services have become a pivotal part of this transformation. These services, which involve the outsourcing of product design, manufacturing, and packaging, have allowed brands to focus more on marketing and customer engagement while leaving the technical aspects to specialized manufacturers. The Cosmetics ODM market is expected to see sustained growth, fueled by evolving consumer preferences, technological advancements, and the increasing demand for beauty products with clean, sustainable, and organic ingredients.
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Top Key Players in the Cosmetics ODM Market
The Cosmetics ODM market is highly competitive, with numerous companies operating in the space. The following are some of the top players contributing to the market’s growth:
- Cosmax
- Intercos
- Kolmar
- Nihon Kolmar Co. Ltd
- Cosmo Beauty
- Nox Bellow Cosmetics
- Ancorotti Cosmetics
- COSMECCA
- BioTruly Company
- Toyo Beauty
- Easycare Intelligence Tech
- Homar
- ANTE Cosmetics
- Francia Cosmetics
- Life-Beauty Cosmetics
- Vellvette Lifestyle Pvt Ltd
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Segmentation Analysis of the Cosmetics ODM Market
By Application
- Skin Care
- Creams
- Lotions
- Toners
- Facial Cleansers
- Sunscreen
- Face Packs/Masks
- Others
- Hair Care
- Shampoos
- Conditioners
- Hair Rinses
- Hair Dyes
- Hair Tonics
- Hair Styling Products
- Makeup
- Facial Products
- Lip Products
- Eye Products
- Nail Products
- Other Color Cosmetics
- Body Care
- Soaps
- Shower Gels
- Creams
- Foot Creams
- Others
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Future Outlook for the Cosmetics ODM Market
The global Cosmetics ODM market is set for strong growth, driven by changing consumer preferences, technological innovations, and an increasing shift toward sustainability in the beauty and personal care industry. The market’s expansion presents opportunities for both established companies and new entrants looking to capitalize on the demand for high-quality, customizable beauty products.
As the market evolves, ODMs will continue to play a vital role in helping brands create innovative, cost-effective products that meet the diverse needs of consumers worldwide.
About Straits Research
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