U.S. Personal Care Contract Manufacturing Market Size, Share & Trends Analysis Report By Service (Manufacturing, Custom Formulation And R&D, Packaging), And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the u.s. 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 u.s. 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 u.s. 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.

U.S. Personal Care Contract Manufacturing Market Categorization:

The u.s. personal care contract manufacturing market was categorized into four segments, namely service (Manufacturing, Custom Formulation and R&D, Packaging,), and regions (U.S.).

Segment Market Methodology:

The u.s. personal care contract manufacturing market was segmented into service, 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 u.s. personal care contract manufacturing market was analyzed at a regional level. The region was divided into U.S., keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into countries, namely,

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.

U.S. personal care contract manufacturing market companies & financials:

The u.s. 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:

• NuWorld was founded in 1991 and is headquartered in Carteret, U.S. The company offers a wide range of services such as R&D, quality assurance (QA), marketing, product development, and creative. It provides an on-site research laboratory where it offers fully staffed, cross-category trained personnel specializing in all beauty categories utilizing state-of-the-art equipment and techniques. It provides qualitative and quantitative ingredient listing through its quality assurance service. The company oversees compliance with the U.S., Canada, and EU cosmetic requirements. It maintains and issues all formula and raw material information. It is FDA registered.

• Biogenesis was established in 1997 and is headquartered in Paterson, U.S. The company is an FDA registered contract manufacturer of OTC (over the counter) preparations, skin care, and color cosmetics products. Its core capability is in skincare, specializing in products such as body care, anti-aging face care, color, acne, SPF products, beauty cosmetics, and body care. The company also offers complete procurement of raw materials and manufacturing and filling services by utilizing recent technology in its state-of-the-art laboratories. The company has a certified GREEN-BUILDING facility as defined by the state of NJ. In addition, it is certified by Health Canada, FDA, cGMP facility, Independent Beauty Association, and U.S. Green Building Council.

• Bright International was established in 1987 and is headquartered in Ohio, U.S. The company produces and manufactures a vast array of innovative beauty and personal care products, in addition to providing industry-specific insights into R&D, innovation, and market trends. From concept to commercialization, the company has access to a personalized, growth-oriented strategy, and can leverage unique technology and R&D advancements. The company also offers integrated services for product development that employ the latest technologies and trends, as well as sustainable materials and manufacturing capabilities, for end-to-end solutions tailored to match the objectives and brand values of the clients‟ organization.

• Fareva was established in 1990 and is headquartered in Luxembourg, Luxembourg. The company is involved in the contract manufacturing business and cinFood Service Equipment Marketaters to industrial & household, cosmetics, and pharmaceutical industries. In addition to manufacturing, Fareva is engaged in research, formulation, and packaging activities and operates 15 R&D centers. The company has 22 patented products. It operates through Ecocert, Halal, ISO 22716, and ISO 9001 standards. The company‟s standards are based on IFS, BF, Ecocert/Cosmos, cGMP, and FDA. These standards cover markets such as Europe, the U.S., China, Japan, Russia, and Brazil.

• Intercos S.p.A. was established in 1972 and is headquartered in Agrate Brianza, Italy. The company manufactures and supplies cosmetic products across the globe. The company is involved in the research, development, manufacturing, and marketing of cosmetics for well-known brands in the industry. The company‟s product category includes makeup, skincare, and personal care products. The company specializes in color cosmetics, skin care, and personal care products, nail polish, and pencils. The company has 16 commercial offices and 16 production facilities located in Europe, North America, South America, and Asia.

• 220 Laboratories was established in 1991 and is headquartered in California, U.S. The company is engaged in the manufacturing of uniquely formulated skin, hair, and body products. It is a manufacturer of specialty liquid products and aerosols that are used in personal care industry. The company offers skincare, cosmetics, and hair products with the help of in-house microbiologists, chemists, and custom formulations that enables clients to meet the customer‟s demand. In July 2021, it was acquired by PLZ Aeroscience. The acquisition was aimed to allow PLZ Aeroscience to offer its customers solutions right from product ideation and new formula development to the custom manufacturing of products.

• C-Care was established in 1995 and is headquartered in Maryland, U.S. C-CARE, LLC is a CAG Holding company. It is a manufacturer and custom development of skin care, hair care and hair color, personal care products, and OTC products. The company has an in-house R&D lab, manufacturing plant, quality control testing lab for filling, bulk and ingredient storage, compounding, customer service, warehouse & logistics, to name a few of the company's services. It is a registered cGMP and FDA site. The company is one of the few contract manufacturers certified by the USDA's National Organic Program to create organic products. The business is ISO 22716-accredited and Ecovadis Platinum-rated.

• Accupack Midwest, Inc. was established in 1986 and is headquartered in Ohio, U.S. It is engaged in contract manufacturing, filling, and packaging solutions for health & beauty, skincare, natural health & beauty, personal care, over the counter drug products, promotional products, shower & bath, cosmetics, retail, grocery, drug store & mass merchandisers, liquid soap & hand cleaners, direct response, household, pet care, and janitorial industries. The company has capability and manufacturing structure in place to handle packaging situations including partnering, outsourcing, capacity overflow, capital involvement, and unit cost reduction. The business operates a 24,000 square foot FDA and EPA registered contract manufacturing plant in the U.S.

• Eco Lips, Inc. was established in 2003 and is headquartered in Iowa, U.S. Lip balms, scrubs, and tints are made by hand in Cedar Rapids, Iowa, and are gluten-free, petroleum-free, GMO-free, and crueltyfree. Additionally, Eco Lips sells vegan lip balms. The business also provides contract manufacturing and private label services with a wide range of possibilities. The business is a certified B Corporation and a member of Green America and OTA. Eco Lip balms are manufactured entirely from components derived from plants. Additionally, both the company's raw materials and finished goods are not subjected to animal testing.

• Verla International, Ltd. was established in 1980 and is headquartered in New York, U.S. It is a private label manufacturer and contract filling and packaging company. The company has more than 50 production lines for color cosmetics, creams, fragrances, lotions, and nail polish. It specializes in all facets of beauty personal care products for luxury, mass-market, retail salons, electronic retailers, and TV & boutique channels. It is certified by Good Manufacturing Practice (GMP), ISO 22716, ISO 9001:2015, and ECOCERT. The company manufactures its manufacturing equipment and designs and owns many cosmetic packaging molds.

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

U.S. 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 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

U.S. Personal Care Contract Manufacturing Market Report Assumptions:

• The report provides market value for the base year 2022 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.