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Global Info Research offers a latest published report on Cosmetics OEM Market Analysis and Forecast 2019-2024 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
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Global cosmetics OEM/ODM market is expected to reach USD 38690 million by 2024, growing at a CAGR of more than 5.95% from 27348 million in 2018. The Cosmetics OEM/ODM market is less concentrated market;The revenue of top ten manufacturers accounts about 16.57% of the total revenue in 2018. The high-end products mainly come from South Korea, Japan and Italy.
The cosmetics OEM/ODM market is segmented on the basis of type, application, and geography. The cosmetics OEM/ODM is classified into the ODM and OEM according to the manufacturing Contract. As of 2018, OEM segment dominates the market contributing about 80% of the total cosmetic OEM/ODM market. Depending on application, the cosmetic ODM market is further classified as skincare, makeup, haircare and others. As of 2018, demand for a cosmetics OEM/ODM for a skincare and makeup have a fast demanding global, with a 53.22% and 8.13% market share Respectively in 2018.
Although the market competition of cosmetics OEM/ODM is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of cosmetics OEM/ODM and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
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