North America Personal Care Contract Manufacturing Market Size & Outlook
North America personal care contract manufacturing market, 2018-2030 (US$M)
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North America personal care contract manufacturing market highlights
- The North America personal care contract manufacturing market generated a revenue of USD 3,867.2 million in 2023.
- The market is expected to grow at a CAGR of 7.5% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 3,867.2 million |
| Market revenue in 2030 | USD 6,408.7 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Manufacturing |
| Fastest growing segment | Manufacturing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 18.3% of the global personal care contract manufacturing market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 14,897.0 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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North America 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 88.08% in 2023. Horizon Databook has segmented the North America 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.
North American personal care contract manufacturing market is expected to witness a lower than average growth over the forecast period pertaining to the mature personal care market in this region. The demand for contract manufacturing is anticipated to increase on account of the increased number of innovative personal care products, which are manufactured using advanced technology.
However, the presence of regulations restricting the use of harmful chemicals in production of personal care products in addition to the regulations commanding the emissions is expected to limit the growth of manufacturing industry over the forecast period, thereby, negatively affecting personal care contract manufacturing market.
North America contract manufacturing market is expected to witness growth owing to the presence of FMCG companies such as Proctor & Gamble, Colgate-Palmolive, and Unilever. The prime focus of the aforementioned companies on new product developments in skincare and other personal care products category is expected to promote the growth of contract manufacturing market over the forecast period.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America personal care contract manufacturing market , including forecasts for subscribers. This continent databook contains high-level insights into North America personal care contract manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America personal care contract manufacturing market size, by country, 2018-2030 (US$M)
North America Personal Care Contract Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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