COSMETIC OEM/ODM MARKET ANALYSIS

Regional Analysis

The North America region is the largest market share with 36.30 % in the global cosmetic oem/odm market in 2022. The region is home to some of the world’s leading cosmetic companies and has a large consumer base that is willing to pay a premium for high-quality products. For instance, North America cosmetic oem/odm market was valued at US$ 9.2 billion in 2020.

Among regions, Asia Pacific is also a significant player in the global cosmetic oem/odm market, accounting for a market share of 24.60% in 2022. This is attributed to the growing beauty and personal care industry in the region. For instance, according to the Personal Care & Cosmetics Products Country Guide: Australia, published by the U.S. Department of Commerce in 2016, Australia’s Revenue in the Beauty & Personal Care market amounts to US$6.79bn in 2023. The market is expected to grow annually by 2.76% (CAGR 2023-2030). The market's largest segment is the segment Personal Care with a market volume of US$2.73bn in 2023.  Moreover, the report also states that the average annual spending on cosmetics in Australia is US$ 146 and US$ 223 in Japan, as compared to US$ 139 in the U.S.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa