Global Cosmetics Original Design Manufacturing (ODM) Market – Industry Trends and Forecast to 2030

Global Cosmetics Original Design Manufacturing (ODM) Market, By Product Type (Skin Care, Hair Care, Body Care, Makeup, Fragrances, Cologne), Type (All Process ODM, Half Process ODM), Packaging Format (Bottles, Compact Cases, Droppers, Folding Cartons, Jar, Pallete, Pouches, Pumps and Dispensers, Roll On, Roll on Sticks, Sachet, Sticks, Tube, Wraps, Others), End User (Prestige Brands, Mass Brands, Indie Brands, Private Labels) – Industry Trends and Forecast to 2030.

Cosmetics Original Design Manufacturing (ODM) Market Analysis and Size

Cosmetic manufacturers are progressively focusing on product innovation and technology development. Technological advancements are influencing all aspects of the cosmetic industry, ranging from product packaging to product ingredients. Intending to gain a competitive edge in the market, market players of cosmetic ODM are gradually stepping up their innovation through extensive R&D activities. Moreover, increasing demand for luxury cosmetics, and growing demand for skincare and sun care products are likely to augment sales and enhance the market growth rate.

Data Bridge Market Research analyses that the cosmetics original design manufacturing (ODM) market was valued at USD 53142.68 million in 2022 and is expected to reach USD 80940.96  million by 2030, registering a CAGR of 5.40% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Cosmetics Original Design Manufacturing (ODM) Market Scope and Segmentation

Market Definition

Original design manufacturing or ODM, is also mentioned to as “private labeling.” This is where a distributor chooses an already-existing product design from a factory catalogue. After that makes a few small changes in product design and then sells it under their own brand name. Changes can include things such as product bundles or packaging, colours and branding, and some limited adjustments to functionality or components.

Cosmetics Original Design Manufacturing (ODM) Market Dynamics

Drivers

• Rising demand of hair care product

The demand for the hair care is evolving globally, with augmented cases of hair loss, hair damage, and thinning of hair. Air pollution is causing extreme hair loss, and the researchers have found that the exposure of hair to common pollutants reduced the levels of proteins in hair. Proteins are the major component responsible for hair growth and  retention. Hair tonics are often made with natural oils to help moisturize and lubricate the hair, protect the scalp, reduce split ends, and reduce skin damage. Furthermore, hair tonics aids in hair styling, which is highly trending due to social media influence. Thus the rising demand of hair care product is anticipated to drive the growth of the market.

• Advantages of cosmetics original design manufacturing (ODM) market

Those companies which have limited resources in creating and building cosmetic products, cosmetics original design manufacturing (ODM) companies turn their formulation and concepts into tangible and concrete cosmetic products. In this method, the original design manufacturing (ODM) companies take care of the testing, R&D, product concepts and manufacturing. In a nutshell, the ODM’s concept is the reverse of the OEM Concept.

Opportunities

• Stringent regulatory norms to limit the use of ingredients

Cosmetic products comprise an extensive range of ingredients. These ingredients cover cleansing agents, cosmetic preservatives and unique fragrances. Regulatory authorities are constantly taking initiatives to limit the usage of those elements that cause health issues. They have mainly focused on the usage of organic and natural products. The governments have enforced stringent rules and regulations for the usage of natural components due to which manufacturers are highly focussed on the production of organic cosmetic product. This is one of the major factor which is expected to create immense opportunities for the market growth rate.

• Shifting preference towards natural and organic and organic

The shifting preference towards more natural and organic beauty products among consumers, particularly in developed countries such as the U.S. and the European countries is expected to foster the growth of the cosmetics OEM/ODM market. Growing demand for herbal, natural and organic beauty products creates potential opportunities for manufacturers to develop and innovate new products in accordance with consumer preferences.

Restraints/ Challenges

• High cost and side effects of product

Increase in the expense of cosmetic products and the availability of counterfeit products are anticipated to act as a major restraining factor for the growth of the cosmetics original design manufacturing (ODM) market. Moreover, several side effects with the cosmetic products can challenge the growth of the targeted market during the forecast period of 2023 to 2030.

This cosmetics original design manufacturing (ODM) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cosmetics original design manufacturing (ODM) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In 2019, Cosmax created eco-friendly water-based nail enamel with superior gloss and lasting power. Cosmetics ODM manufacturer Cosmax has also nominated into the trend of microbiome with the launch of a new anti-aging microbiome skincare range.

Global Cosmetics Original Design Manufacturing (ODM) Market Scope

The cosmetics original design manufacturing (ODM) market is segmented on the basis of product type, type, packaging format and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Skin Care
• Hair Care
• Body Care
• MAKEUP
• Fragrances
• Cologne

Type

• All Process ODM
• Half Process ODM

 Packaging Format

• Bottles
• Compact Cases
• Droppers
• Folding Cartons
• Jar
• Pallete
• Pouches
• Pumps and Dispensers
• Roll On
• Roll on Sticks
• Sachet
• Sticks
• Tube
• Wraps
• Others

End User

• Prestige Brands
• Mass Brands
• Indie Brands
• Private Labels

 Cosmetics Original Design Manufacturing (ODM) Market Regional Analysis/Insights

The cosmetics original design manufacturing (ODM) market is analyzed and market size insights and trends are provided by country, product type, type, packaging format and end user as referenced above.

The countries covered in the cosmetics original design manufacturing (ODM) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the cosmetics original design manufacturing (ODM) market due to the strong presence of personal care and beauty product manufacturers.

North America is anticipated to be the fastest developing region during the forecast period of 2023-2030 due to the introduction of regional varieties of products in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Cosmetics Original Design Manufacturing (ODM) Market Share Analysis

The cosmetics original design manufacturing (ODM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cosmetics original design manufacturing (ODM) market.

Some of the major players operating in the cosmetics original design manufacturing (ODM) market are:

• COSMAX. INC (South Korea)
• Toyo Beauty Co. Ltd. (Japan)
• Nox Bellcow Cosmetics Co. Ltd. (China)
• KOLMAR KOREA (South Korea)
• Ancorotti Cosmetics S.p.a. (Italy)
• COSMOBEAUTY CO., LTD (Japan)
• Cosmecca Korea (South Korea)
• Fareva (South Korea)
• B. Kolormakeup & Skincare S.p.a. (Italy)
• BioTruly Group (South Korea)
• ANC Corporation (South Korea)
• INTERCOS S.P.A (Italy)
• Francia Beauty (Vietnam)
• Nowcos Co. Ltd. (South Korea)
• SANSHO COSMETAINMENT INTERNATIONAL (India)
• milliona co.ltd (India)
• Caolion Cosmetics (U.S.)