The demand for cosmetics ODM in Korea is expected to soar across Korea. By the end of FY 2024, the sales for Cosmetics ODM are poised to reach a valuation of US$ 663.2 million. The demand for Cosmetics ODM in Korea is likely to grow at a 6.40% CAGR from 2024 to 2034. The industry valuation is projected to attain US$ 1,236.50 million by 2034.
The Korea cosmetics ODM industry is witnessing transformational drivers that redefine its landscape. A potent factor is the surge in personalized beauty solutions. Brands leveraging ODM services cater to niche industries, offering customizable formulations that resonate with individual preferences. This personalized approach fosters customer loyalty and elevates brand positioning in an increasingly competitive industry.
Its responsiveness to technological advancements marks a pivotal driver. Integration of AI driven formulations, 3D printing for packaging innovation, and blockchain for supply chain transparency redefine product development and customer engagement. These advanced technologies not only streamline manufacturing but also enhance product efficacy and consumer trust.
Sustainability emerges as a crucial driver. Korea ODM industry pivots toward eco-conscious formulations and sustainable packaging solutions, aligning with global demands for responsible beauty products. Embracing biodegradable materials and reduced carbon footprint practices signals a shift towards greener beauty initiatives, positioning Korea at the forefront of sustainable cosmetics manufacturing.
| Attributes | Details |
|---|---|
| Anticipated Industry Size in 2024 | US$ 663.2 million |
| Expected Industry Size in 2034 | US$ 1,236.50 million |
| Forecasted CAGR between 2024 to 2034 | 6.40% CAGR |
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Principal Consultant
Indie Brands claims a 29.70% industry share in the Korea Cosmetics ODM Industry in 2023 due to its agility and penchant for innovation. These brands leverage ODM services to introduce niche, trendsetting products swiftly. Their flexibility to adapt to evolving consumer preferences and commitment to unique, authentic formulations resonate strongly with the modern beauty landscape.
| End Use | Indie Brands |
|---|---|
| Industry Share | 29.70% |
Indie Brands collaboration with ODM manufacturers allows them to swiftly cater to diverse industries, fostering a loyal consumer base. Its ability to promptly introduce innovative and personalized beauty solutions positions it as a driving force in the Korea Cosmetics ODM Industry.
Makeup asserts its dominance with a substantial 10.80% industry share in in the Korea cosmetics ODM sector due to its perennial demand and diverse product range. ODM manufacturers cater to global brands seeking innovative makeup formulations, capitalizing on its reputation for trendsetting beauty products.
| Product Type | Makeup |
|---|---|
| Industry Share | 10.80% |
Its allure lies in the evolving consumer preferences for unique cosmetics, driving ODM firms to craft customizable makeup solutions that align with global beauty trends. This demand for innovative makeup products positions it as a pivotal segment, leveraging Korea ODM expertise to continually introduce captivating and trendsetting makeup collections, driving growth in the industry.
South Jeolla Cosmetics ODM industry is witnessing transformative trends shaping its trajectory. A key trend is the fusion of traditional Korea beauty secrets with modern formulations. ODM companies in South Jeolla leverage this heritage to create unique products that resonate globally, catering to consumers seeking authenticity.
The region embraces advanced technology integration, focusing on innovative production methods and smart packaging solutions. With a spotlight on research and development, these firms pioneer AI driven formulations and 3D printing applications for packaging, ensuring high quality and cutting edge cosmetics.
An emerging trend involves a heightened emphasis on eco friendly formulations and sustainable practices. South Jeolla Cosmetics ODM industry champions biodegradable materials and reduced environmental impact, aligning with the rising consumer demand for green beauty products.
Partnerships with global brands and investments in efficient distribution channels amplify its presence internationally. These trends position tits ODM industry as innovators, poised to deliver high quality, culturally inspired, and environmentally conscious cosmetics to a global audience.
North Jeolla cosmetics ODM industry presents ample opportunities for growth and innovation. Its burgeoning potential lies in its strategic location, skilled workforce, and proximity to established beauty sectors. Leveraging these advantages, North Jeolla fosters a conducive environment for cosmetics ODM companies to thrive.
With a focus on research and development and technological advancements, ODM firms in North Jeolla can offer specialized formulations tailored to global beauty trends. Its commitment to sustainable practices and natural ingredients aligns with the worldwide demand for ecoconscious beauty products, presenting an opportunity to develop and industry green formulations.
Partnerships with regional raw material suppliers and research institutions offer a competitive edge, enabling access to innovative ingredients and cutting-edge technologies. Embracing digital marketing strategies and capitalizing on its beauty culture, the North Jeolla ODM industry can position itself as a hub for high-quality, trendsetting cosmetic formulations, attracting domestic and international clientele.
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The Korea cosmetics ODM industry presents a fiercely competitive landscape driven by innovation and adaptability. Key players like Kolmar Korea, Cosmax, and Cosmecca Korea lead the industry with advanced research and development offering diverse and high quality ODM services.
Their strength lies in customized formulations, innovative technology integration, and swift response to beauty trends. Smaller ODM companies carve niches by specializing in specific product lines or catering to niche industries.
With a focus on quality, innovation, and responsiveness to client needs, these industry leaders and emerging players navigate an evolving landscape, continuously shaping the dynamic competitive environment of the Korea cosmetics ODM industry.
Product Portfolio
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | US$ 663.2 million |
| Projected Industry Size in 2034 | US$ 1,236.50 million |
| Attributed CAGR between 2024 and 2034 | 6.40% CAGR |
| Historical Analysis of Demand for Cosmetics ODM in Korea Regions | 2019 to 2023 |
| Forecast Period | 2024 to 2034 |
| Report Coverage | Industry size, industry trends, analysis of key factors influencing Cosmetics ODM in Korea, insights on global players and their industry strategy in Korea, ecosystem analysis of local and regional Korea providers. |
| Key Regions within Korea Analyzed while Studying Opportunities for Cosmetics ODM in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju, Rest of Korea |
| Key Companies Profiled | Kolmar Korea; Cosmax; Cosmecca Korea; Nowcos Co. Ltd; Intercos Group; Oracle OEM; Viaderm Limited; Herrco Cosmetics Ltd; BioTruly Group; Milliona Cosmetics |
The sales of Cosmetics ODM are poised to reach US$ 663.2 million by 2024.
In 2034, the total value of the Cosmetics ODM ecosystem in Korea will reach US$ 1,236.50 million.
From 2024 to 2034, the Korea Cosmetics ODM industry is likely to garner a 6.40% CAGR.
The makeup segment will be highly used all across Korea, registering an industry share of 10.80%.
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Product Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2024 to 2034
5.3.1. Skin Care
5.3.1.1. Creams
5.3.1.2. Lotions
5.3.1.3. Toners
5.3.1.4. Facial Cleansers
5.3.1.5. Sunscreen
5.3.1.6. Face Packs/ Masks
5.3.1.7. Others
5.3.2. Hair Care
5.3.2.1. Shampoos
5.3.2.2. Conditioners
5.3.2.3. Hair Rinses
5.3.2.4. Hair Dyes
5.3.2.5. Hair Tonics
5.3.2.6. Hair Styling Products
5.3.3. Makeup
5.3.3.1. Facial Products
5.3.3.2. Lip Products
5.3.3.3. Eye Products
5.3.3.4. Nail Products
5.3.3.5. Others
5.3.4. Body Care
5.3.4.1. Soaps
5.3.4.2. Shower Gels
5.3.4.3. Creams
5.3.4.4. Foot Creams
5.3.4.5. Others
5.3.5. Others
5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034
6. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Nature Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Nature Type, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Nature Type, 2024 to 2034
6.3.1. Natural/Organic
6.3.2. Synthetic
6.4. Y-o-Y Growth Trend Analysis By Nature Type, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Nature Type, 2024 to 2034
7. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Packaging Format
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Packaging Format, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Packaging Format, 2024 to 2034
7.3.1. Bottles
7.3.2. Compact Cases
7.3.3. Droppers
7.3.4. Folding Cartons
7.3.5. Jars
7.3.6. Pouches
7.3.7. Pumps and Dispensers
7.3.8. Roll On
7.3.9. Roll On Sticks
7.3.10. Sachets
7.3.11. Sticks
7.3.12. Tubes
7.4. Y-o-Y Growth Trend Analysis By Packaging Format, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Packaging Format, 2024 to 2034
8. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By End Use
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2019 to 2023
8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2024 to 2034
8.3.1. Prestige Brands
8.3.2. Private Labels
8.3.3. Mass Brands
8.3.4. Indie Brands
8.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023
8.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034
9. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
9.3.1. South Gyeongsang
9.3.2. North Jeolla
9.3.3. South Jeolla
9.3.4. Jeju
9.3.5. Rest of Korea
9.4. Market Attractiveness Analysis By Region
10. South Gyeongsang Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Product Type
10.2.2. By Nature Type
10.2.3. By Packaging Format
10.2.4. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Product Type
10.3.2. By Nature Type
10.3.3. By Packaging Format
10.3.4. By End Use
10.4. Key Takeaways
11. North Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Product Type
11.2.2. By Nature Type
11.2.3. By Packaging Format
11.2.4. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Product Type
11.3.2. By Nature Type
11.3.3. By Packaging Format
11.3.4. By End Use
11.4. Key Takeaways
12. South Jeolla Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Product Type
12.2.2. By Nature Type
12.2.3. By Packaging Format
12.2.4. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Product Type
12.3.2. By Nature Type
12.3.3. By Packaging Format
12.3.4. By End Use
12.4. Key Takeaways
13. Jeju Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Product Type
13.2.2. By Nature Type
13.2.3. By Packaging Format
13.2.4. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Product Type
13.3.2. By Nature Type
13.3.3. By Packaging Format
13.3.4. By End Use
13.4. Key Takeaways
14. Rest of Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Product Type
14.2.2. By Nature Type
14.2.3. By Packaging Format
14.2.4. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Product Type
14.3.2. By Nature Type
14.3.3. By Packaging Format
14.3.4. By End Use
14.4. Key Takeaways
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Product Type
15.3.3. By Nature Type
15.3.4. By Packaging Format
15.3.5. By End Use
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Kolmar
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Cosmax
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Cosmecca
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Nowcos Co. Ltd
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Intercos Group
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Oracle OEM
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Viaderm Limited
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Herrco Ltd
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. BioTruly Group
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Milliona
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Demand and Trend Analysis of Cosmetics ODM in Korea
