The global cosmetic oem/odm market is expanding as a result of the rising demand for individualized and natural cosmetic products. For instance, the Korean cosmetics company Amorepacific introduced the personalized skincare brand IOPELAB in 2020. This brand enables clients to build skincare products specifically for their skin type and skin-related issues. The cosmetic oem/odm market may experience expansion as a result of this factor.
The global Cosmetic OEM/ODM Market was valued at US$ 56.3 billion in 2022 and is expected to exhibit a CAGR of 6.40% over the forecast period (2023– 2030),
Major Players in the Cosmetic OEM/ODM Industry:
1. Intercos S.p.A
Intercos S.p.A was founded in 1972 and it,s headquarter in Milan, Italy.The company operates in 11 countries. Intercos is the leading company in the global ODM(original design manufacturing) market, active in the production of Color Cosmetic, Skin care.
2. Kolmar Korea Co. Ltd
Kolmar Korea Co. Ltd was launch in 2012. And its headquarter - Pennsylvania, , United States. It operate over 80 country. Kolmar Korea, a cosmetics ODM company in Korea, has acquired the Kolmar brand trademark from the Kolmar Group of the United States.
3. Cosmecca Korea Co
Cosmecca Korea Co., was launch in 1999 and it’s headquarter located in Eumseong, Chungcheongbuk-do Province, South Korea.it operate over 50 country. Cosmetics innovator chooses PLM as it gears towards becoming a global R&D leader and cosmetics hub
4. Cosmax Inc
Cosmax Inc, was launch in 1992 and it’s headquarter located in South Korea. It operate over 100+ country.In
5. Mana Products Inc
Mana Products Inc . Founded in 1972, its headquarters located in Island City, New York, United States. With businesses in over 35 countries. 2020 — The acquisition allows Traub Capital to leverage MANA's exceptional innovation, research & development and contract manufacturing ..
6. KBL cosmetics Ltd.
KBL cosmetics Ltd. launch 2017 and its headquarter Mountain View Cir, Azusa, California USA. It operate over 36 country.
7. Urist Cosmetics Incorporated
Urist Cosmetics Incorporated Founded in 1949. Its headhunters British Columbia, Canada. With businesses in over 40countries.
*Definition:- OEM, which stands for "Original Equipment Manufacturer" in the cosmetics industry, denotes ownership of the design and formulation of a specific product. Additionally, there are terms like "private label," where the OEM is the brand's original creator. As an alternative, Original Design Manufacturing firms develop the general layout and technical specifications of the products that the cosmetic companies market under their brands.
