Cosmetic OEM/ODM manufacturers have extensive knowledge and expertise in the entire beauty and personal care products development and manufacturing process. Through OEM/ODM manufacturers, provides finished products to beauty and personal care brands. Private label and independent brands are mainly dependent on outsourcing for manufacturing of its products. Increasing demand for private label and independent brands is driving more and more players to enter the full buy provider business model. According to Coherent Market Insights’ analysis, global private label sales of beauty and personal care products in 2016 was valued at US$ 12.6 billion, which increased to US$ 12.8 billion in 2017.
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