The cosmetic contract manufacturing and development organization (CDMO) market is a subset of the broader CDMO industry, focused on the production and development of cosmetic products. These products can include skincare, haircare, makeup, and personal care items.
Worldwide revenue from the cosmetic CDMO market is estimated at US$ 21.2 Bn in 2022, with the global market predicted to surge ahead at a CAGR of 6% to reach a valuation of US$ 37.9 Bn by the end of 2032.
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The cosmetic CDMO market has been growing in recent years, driven by a number of factors. One major driver is the increasing demand for high-quality, specialty cosmetic products. As consumers become more conscious of the ingredients and quality of the cosmetic products they use, they are seeking out more specialized and premium products. This has led to an increase in demand for the services of cosmetic CDMOs, who can provide the expertise and resources needed to develop and produce these products.
Another factor driving growth in the cosmetic CDMO market is the increasing focus on sustainability and eco-friendly ingredients in the cosmetics industry. As consumers become more environmentally conscious, they are looking for products that are made with natural and eco-friendly ingredients. This has led to an increase in demand for cosmetic CDMOs who specialize in developing and producing these types of products.
- Patheon N.V.
- Samsung Biologics Co., Ltd
- Boehringer Ingelheim
- Samsung BioLogics
- AGC Biologics, Inc.
- WuXi Biologics
- AbbVie Inc
- Avid Bioservices, Inc.
- Fujifilm Diosynth Biotechnologies
- Xpress Biologic
- Rentschler Biopharma SE
- KBI Biopharma (JSR Corporation)
- Cytovance Biologics
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In addition, the market growth is partly due to the increasing demand of private label and store brand cosmetics among customers. This has resulted in a growing number of small and medium-sized cosmetic companies that are looking for cosmetic CDMOs to contract manufacture and develop their own products.
The cosmetic CDMO market is expected to continue growing in the coming years, as the demand for high-quality, specialty cosmetic products and eco-friendly ingredients continues to rise. Many cosmetic CDMOs are expanding their capabilities to offer a wider range of services, such as formulation development, analytical testing, and packaging. Some are also looking to expand their footprint in emerging markets such as Asia, Latin America and Africa, to tap into the growing demand for cosmetics in those regions.
In conclusion, the cosmetic CDMO market is a rapidly growing segment of the CDMO industry, driven by increasing demand for high-quality, specialty cosmetic products and eco-friendly ingredients. As consumers become more conscious of the products they use, and as regulations become more stringent, the expertise and resources provided by cosmetic CDMOs will be in high demand.
To foster the innovative outcomes and development frameworks required for future success, key players concentrate on entering strategic agreements and becoming innovation partners to high-growth businesses. Market players are staying up to date with trends and are continuously searching for new and innovative active ingredients or product formulations.
With the July 2019 acquisition of Jayjun Cosmetic’s sheet mask manufacturing facility in Incheon by Kolmask, a division of Kolmar Korea Holdings, the company increased its capacity to manufacture sheet masks and gained access to Jayjun’s distribution networks in China.
Cosmetic Solutions, LLC, in March 2022, purchased the organic personal care and cosmetics firm Private Label Select, situated in New Mexico. By acquiring Private Label Select, the company will be able to add organic and anhydrous products to its present line of products.
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Key Segments Covered in Cosmetic CDMO Industry Research
- Contract Development
- Formulation Development
- Pilot Studies
- Contract Manufacturing
- Bulk Preparation & Scale Up
- Safety Testing
- Filling & Packaging
- Closed Jars
- Hair Products
- Skin Products
- Lip Products
- Eye Products
- Body Hygiene
- Oral Hygiene
- Solid Form & Powder
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