Cosmetics OEM/ODM Market

Sep 2019| VMR1357A| Verified Market Research

Report Highlights

Cosmetics OEM/ODM Market Size And Forecast
According to Verified Market Research, The Global Cosmetics OEM/ODM Market was valued at USD 49.25 Billion in 2018 and is projected to reach USD 72.27 Billion by 2026, growing at a CAGR of 5.01% from 2019 to 2026.

What is Cosmetics OEM/ODM?
In cosmetic Industry, OEM literally means “Original Equipment Manufacturer”, which means the OEM owns the creation and formulation of a particular product. It is also terms are ‘private label’ where the OEM is the original manufacturer of the given product. Alternatively, ODM (Original Design Manufacturing) companies create the overall design and specifications of a products which are sold by the cosmetic companies under their names. The companies who have limited resources in building and creating products, ODM companies turn their concepts and formulation into concrete and tangible cosmetic products. In this approach, the ODM companies take care of the R&D, product concepts, testing and manufacturing. In a nutshell, a cosmetic OEM is the provider of formulations and specs, while the ODM’s concept is the reverse of this.

Global Cosmetics OEM/ODM Market, Competitive Landscape
The Global Cosmetics OEM/ODM Market is highly fragmented with the presence of a large number of players globally. Some of the major companies include Intercos Group, CosmoBeauty Co., Ltd., Nox Bellow Cosmetics Co., Ltd., Picaso Cosmetic Laboratory Limited, Nihon Kolmar Co., Ltd.

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