Report Overview:
Cosmetics contract manufacturing involves third-party production of beauty products for brands, while private label manufacturing refers to producing goods sold under retailers' own brands. Both models cover a wide range of cosmetic categories including skincare (35% market share), haircare (28%), makeup (25%), and others (12%) as of 2023. These services enable brands to leverage specialized manufacturing expertise without heavy capital investment in production facilities.
The market growth is driven by increasing demand for cost-effective production solutions, rising popularity of niche beauty segments (clean beauty is growing at 7% annually), and e-commerce expansion requiring faster product launches. Asia Pacific currently dominates with 42% market share, led by China and South Korea's established manufacturing ecosystems. Key players like COSMAX and Kolmar Korea are investing in advanced formulation technologies and sustainable production methods to meet evolving brand requirements.
Market Value:
Global Cosmetics Contract Manufacturing and Private Label Manufacturing market was valued at USD 26.93 billion in 2023 and is projected to reach USD 37.72 billion by 2030, exhibiting a CAGR of 4.8% during the forecast period. CAGR of 4.8% (2024 – 2032)
By Applications:
Skincare
Haircare
Makeup
Others
By Types:
• Contract Manufacturing • Private Label
Key players include:
• KDC/One (U.S.)
• COSMAX (South Korea)
• Intercos Group (Italy)
• Kolmar Korea (South Korea)
• TOA Group (Japan)
• Cosmo Beauty (France)
• Cosmecca Korea (South Korea)
