India Personal Care Contract Manufacturing Market Size & Outlook
India personal care contract manufacturing market, 2018-2030 (US$M)
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India personal care contract manufacturing market highlights
- The India personal care contract manufacturing market generated a revenue of USD 699.5 million in 2023 and is expected to reach USD 1,397.8 million by 2030.
- The India market is expected to grow at a CAGR of 10.4% 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 699.5 million |
| Market revenue in 2030 | USD 1,397.8 million |
| Growth rate | 10.4% (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, India accounted for 3.3% 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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India 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 87.03% in 2023. Horizon Databook has segmented the India 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.
India is an emerging market, and the growing industrialization is expected to boost the manufacturing sector in India. The demand for personal care products by the young population living in urban areas is expected to drive the demand for personal care manufacturing in the country.
India is emerging as one of the major consumer of the personal care products owing to its large population coupled with increased adoption rate for such products. The increasing awareness for the personal hygiene through government initiatives such as Swach Bharat and other favorable government policies are expected to boost the demand for personal care products in the country.
India with their government policies for industrial development in the country is aiming towards emerging as a global manufacturing hub, is expected to propel the growth of the contract manufacturing industry over the forecast period. Policies such as Make in India, and Skill India to support the manufacturing sector is also responsible for increasing the FDI in the Indian manufacturing sector.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 India personal care contract manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into India personal care contract manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India personal care contract manufacturing market size, by service, 2018-2030 (US$M)
India Personal Care Contract Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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