Personal Care Contract Manufacturing Market Size, Share & Trends Report

Personal Care Contract Manufacturing Market Size, Share & Trends Analysis Report By Service (Manufacturing), By Product (Skin Care), By Product Form (Liquids), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-1-68038-572-4
  • Number of Report Pages: 125
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2023
  • Forecast Period: 2024 - 2030 
  • Industry: Bulk Chemicals

Research Methodology

A three-pronged approach was followed for deducing the personal care contract manufacturing market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for personal care contract manufacturing market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of personal care contract manufacturing market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Personal Care Contract Manufacturing Market Categorization:

The personal care contract manufacturing market was categorized into four segments, namely service (Manufacturing, Custom Formulation and R&D, Packaging), product (Skin Care, Hair Care, Make up & Color Cosmetics, Fragrances & Deodorants), product form (Liquids, Creams and Lotions, Gels, Oils and Serums), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The personal care contract manufacturing market was segmented into service, product, product form, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The personal care contract manufacturing market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into seventeen countries, namely, the U.S., Canada, Mexico, Germany, France, Italy, Spain, the UK, China, Japan, India, South Korea, Australia, Argentina, Brazil, Saudi Arabia, and UAE.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Personal care contract manufacturing market companies & financials:

The personal care contract manufacturing market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • VVF Ltd. - VVF Ltd., formerly known as the Vegetable Vitamin Foods Company Pvt. Ltd., was established in 1939. It is headquartered in Maharashtra, India, and majorly operates in the personal care contract manufacturing industry and is engaged in the production of oleochemicals. In addition to its involvement in the production industry, the company distributes and supplies the products manufactured through its subsidiary, Synergy (India) Marketing Pvt. Ltd. Furthermore, the company owns a storage tank farm with systematic transportation infrastructure to reduce contamination of the products. The company is a contract manufacturer of personal care products, particularly soap bars, with an annual production capacity of 300,000 metric tons. It manufactures wide range over-the-counter (OTC) products other than soap bars, including liquid soaps, shampoos, aftershaves, deodorant sticks, face washes, and skin moisturizers. Jo and Doy & Bacter Shield are some of the brands owned by associated with the company.

  • A.I.G. Technologies, Inc. - A.I.G. Technologies, Inc. was established in 1997 and is headquartered in Florida, U.S. It manufactures a wide range of personal care products including hair care and skin care products. The company owns a 40,000 square feet of contract manufacturing facility and some short-term storage facilities. It manufactures different kinds of personal care products including keratin-based products, lotions & massage oils, sun protection products, and hand sanitizer gels. It utilizes modern manufacturing and filling techniques with manufacturing capability ranging from 35 pounds to 12,000 pounds. The filling capacity ranges from 0.5 oz. to 320 oz., which enables the filling of different sizes of products to meet the specific demand of customers. In addition to production, the company can distribute and supply products and store them in short-term storage facilities.

  • Sarvotham Care Limited - Sarvotham Care Limited, established in 1996, is headquartered in Telangana, India. It is a publicly owned company operating in the business of contract manufacturing. It has a wide product portfolio including nutritional supplements, pharmaceutical formulations, personal care products, hospital care & home care products. The company started with manufacturing liquid oral care products; however, later, it expanded its manufacturing portfolio according to client requirements. < Back to Table of Contents Personal Care Contract Manufacturing Market Analysis, 2020 73 V0.1 ©Grand View Research, Inc., USA. All Rights Reserved The company identifies itself as a contract manufacturer. It caters to domestic as well as international market and has a vast clientele with medium and large companies, including MNCs. The company has adopted the Principal-to-Principal (P-to-P) mode of operations for contract manufacturing, which covers operations from the stage of receipt of projections to the dispatch of the finished product by the contract manufacturer (CM). It has two manufacturing facilities, both located in India in Himachal Pradesh and Hyderabad. Presently, it has an employee strength of 156 personnel working across its facilities and research & development laboratories.

  • Nutrix - Nutrix was established in 2015 and is headquartered in Utah, U.S. The company solely operates in contract manufacturing, product development, private label, and design businesses. It manufactures personal care products and provides formulation services to its clients. The company has employed a research & development team and project managers to meet the needs of its customers. Nutrix has formulation mixing capabilities for products including liquids, creams, lotions, oils, toothpaste, and gels. In addition to formulation and contract manufacturing services offered, it provides filling & packaging services for packaging tubes and bottles.

  • Formula Corp. - Formula Corp. was incorporated in 1983 and is headquartered in Washington, U.S. The company is engaged in manufacturing custom blended chemicals used in sanitary maintenance, industrial cleaning, and personal care applications. It is a full-service manufacturer, which means that the company formulates various products, including eco-friendly products, to meet customized requirements of its clients. The company offers contract and toll chemical compounding, blending, manufacturing, and mixing services. It manufactures several personal care products including natural products, gluten-free personal care products, and cleaning & private label janitorial products for industrial cleaning and household cleaning. The brands offered by the company include Fortech, Right Now, The Punch Line, Vertex Solutions, Ecologique, e.Logical, and Dynamic Research. The company’s manufacturing facility is spread across 60,000 acres having a filling capacity ranging from 4 oz. bottles to bulk tankers. It develops new products, invests in research & development, and owns a cosmetics lab and food-processing cleaner and sanitizer manufacturing facility.

  • Mansfield-King - Mansfield-King is a contract manufacturer of personal care products and headquartered in Indianapolis, U.S. Its capabilities include blending, filling & packaging, and product development. The company is equipped with modern technology and machinery, which enables complex and simple blending. Furthermore, the company can fill & package liquid and semi-liquid products including hot fills, gels, alcohol-based products, and ointments. < Back to Table of Contents Personal Care Contract Manufacturing Market Analysis, 2020 75 V0.1 ©Grand View Research, Inc., USA. All Rights Reserved Mansfield-King does not manufacture products under its name and manufactures products only for its clients. In addition to manufacturing, the company develops customized products for its customers as per their needs. It owns a research & development facility to develop new formulations in accordance with the requirements of its clients. Its manufacturing facility is spread across 300,000 sq. ft., having 31 jacketed tanks, 16 filling lines, and a daily blending capacity of over 250,000 pounds.

  • Tropical Products - Tropical Products was established in 1992 and is headquartered in Massachusetts, U.S. It is a full service company offering services from concept development to filling & packaging of the finished product. The company provides three major services, namely new product development, contract manufacturing, and private label. Furthermore, it majorly manufactures personal care, pet care, and household products. It has developed several unique formulations for personal and pet care sectors registered under the FDA. The company offers complimentary formulation services or reverse engineering services for existing products. Some of the pet care products manufactured by the company include shampoos, coat brighteners, detangling sprays, disinfectants, and pet hair dyes. In addition, it is engaged in the production of homecare products including cleaners, detergents, and disinfectants. It has customers across the U.S. along with a manufacturing facility spread across 50,000 square feet located in Massachusetts.

  • Sensible Organics - Sensible Organics was established in 1996 and is headquartered in Pennsylvania, U.S. The company is a developer and manufacturer of certified natural & organic personal care and beauty products. In 2003, it received organic certification from the U.S. Department of Agriculture (USDA). The contract manufacturing services provided by the company include shipping, filling, testing, packaging development, and custom product formulation. The company manufactures organic personal care products for its customers and offers new product development services for clients who are planning to enter the organic personal care market. Its clientele includes medium and large manufacturers and distributors located in the U.S. The company solely manufactures eco-friendly natural & organic products at two facilities located in Pennsylvania and spread across 18,000 square feet combined with housing logistics, packing, filling, and compounding functions. In addition, the company has employed experts who provide technical expertise and enable improved customer service.

  • ApolloCorp, Inc. - ApolloCorp, Inc., also known as Apollo Health and Beauty Care, was established in 1991 and is headquartered in Ontario, Canada. It is associated with private label and control label development and manufactures personal care products on a contract basis for several brands and marketing companies. In addition to its contract manufacturing business, Apollo provides related services including custom formulations, marketing, customer service, and product ingredient education to its customers to meet their specific needs. Furthermore, the company owns a research & development center to develop new and innovative products. It manufactures and distributes personal care products across the globe with major supply markets including North America, Central & South America, and the Middle East. It distributes personal care products through stores such as Loblaws, Target, and Wal-Mart. The company’s clientele includes Mass Merchant, Drug, Food, and Specialty Accounts in North America.

  • CoValence Laboratories - CoValence Laboratories was established in 1989 and is headquartered in Arizona, U.S. It is a contract manufacturer and formulator of skincare products, offering custom formulations and private label services. The company manufactures skin care products and formulations for start-ups as well as established players in the market. CoValence is a cGMP compliant, FDA registered, and ISO 22716 certified company for manufacturing and formulating products and solutions, respectively. It has a research & development department and a sales & marketing team to develop new and improved products and promote them in potential markets. < Back to Table of Contents Personal Care Contract Manufacturing Market Analysis, 2020 78 V0.1 ©Grand View Research, Inc., USA. All Rights Reserved The company’s clientele includes physicians, dermatologists & plastic surgeon brands, natural brands, network marketing brands, e-commerce, cosmeceutical and dermo-cosmetic brands, medspa & esthetic brands, start-Up and indie beauty brands, and retail & beauty store brands. Furthermore, it manufactures products without using sulfates, phthalates, parabens, and artificial colors.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Personal Care Contract Manufacturing Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Personal Care Contract Manufacturing Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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