China Personal Care Contract Manufacturing Market Size & Outlook
China personal care contract manufacturing market, 2018-2030 (US$M)
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China personal care contract manufacturing market highlights
- The China personal care contract manufacturing market generated a revenue of USD 4,083.5 million in 2023 and is expected to reach USD 7,539.3 million by 2030.
- The China market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, manufacturing was the largest revenue generating service in 2023.
- Manufacturing is the most lucrative service segment registering the fastest growth during the forecast period.
Personal care contract manufacturing market data book summary
| Market revenue in 2023 | USD 4,083.5 million |
| Market revenue in 2030 | USD 7,539.3 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Manufacturing |
| Fastest growing segment | Manufacturing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Manufacturing, Custom Formulation and R&D, Packaging |
| Key market players worldwide | Accupac, Kowloon Development Co Ltd ADR, Vi-Jon, Maesa Group, HATCHBEAUTY, Fareva, Colep Packaging, Intercos, Oxygen Development, Voyant Beauty, Mansfield-King, Anchor Capital, Biogenesis, Bright International, Eco Lips, Inc. |
Other key industry trends
- In terms of revenue, China accounted for 19.3% of the global personal care contract manufacturing market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China personal care contract manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,397.8 million by 2030.
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Personal Care Contract Manufacturing Market Scope
Personal Care Contract Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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China personal care contract manufacturing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to personal care contract manufacturing market will help companies and investors design strategic landscapes.
Manufacturing was the largest segment with a revenue share of 87.55% in 2023. Horizon Databook has segmented the China personal care contract manufacturing market based on manufacturing, custom formulation and r&d, packaging covering the revenue growth of each sub-segment from 2018 to 2030.
China is expected to dominate the Asia Pacific market with the largest share of contract manufacturing for personal care industry over the forecast period. China witnessed growing urbanization coupled with rising disposable income of the consumers in the country.
The government of China announced funding of USD 1.1 trillion for infrastructure improvement in March 2015. This investment is expected to promote the contract manufacturing over the forecast period. The initiative of the government to devaluate the currency, is also expected to make the manufacturing in China very cheap.
The demand for domestically manufactured cosmetic products is expected to rise in the country due to extensive customization of the cosmetic products by the local cosmetics manufacturers; there has been a rising demand for contract manufacturers from the domestic cosmetics manufacturers as well majorly for manufacturing, packaging coupled with R&D and custom formulations.
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Our clientele includes a mix of personal care contract manufacturing market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China personal care contract manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into China personal care contract manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China personal care contract manufacturing market size, by service, 2018-2030 (US$M)
China Personal Care Contract Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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