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stratviewresearch · 2 years
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Cosmetics ODM Market 2022 Growth Drivers, Regional Outlook, Competitive Strategies and Forecast up to 2027
Stratview Research delivers key insights on the global Cosmetics ODM Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Cosmetics ODM Market:
• COSMAX CO.,LTD (South Korea),
• Nox Bellow Cosmetics Co.,Ltd (China),
• COSME PARK (Japan),
• Ancorotti Cosmetics Srl (Italy),
• Cosmecca Korea (South Korea),
• Toyo Beauty Co. Ltd (Japan),
• BioTruly Group (China),
• Intercos Group (Italy),
• Quality Plus Aesthetic International Co., Ltd. (Thailand),
• CAOLION (The U.S.), and
• ANC Corporation (South Korea).
Growth drivers and Market Value:
This report, from Stratview Research Cosmetics ODM Market value and growth drivers over the trend period of 2022-27. According to the report -
The Global Cosmetics ODM Market is estimated to grow from USD 11.8 billion in 2021 to USD 16.7 billion by 2026 at a healthy CAGR of 6.1% during the forecast period.
Segment Analysis:
Based on by Application Type:
• The skincare segment accounted for more than a 31% share of the market and is likely to dominate the market in the coming years owing to increasing skin health concerns among consumers.
• In addition to this, the rising demand for organic and natural skincare products such as lotions and creams is likely to fuel the product demand significantly.
Based on Regional:
• The market growth can be attributed to an increase in spending on personal care products particularly by the young population as a result of rising appearance consciousness.
• Additionally, increased spending on R&D activities to develop organic and premium skin & hair care products is likely to propel the market growth in developed regions.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
What is the global demand for Cosmetics ODM Market in terms of revenue?
Which are the prominent players in the market?
At what CAGR is the market projected to grow within the forecast period?
What are the driving factors fuelling the growth of the market?
Which region accounted for the largest share in the market?
How did the Covid19 impacted the market?
How long will it take to recover from the Covid impact?
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