Cosmetic OEM Market in Japan: Key Research Findings 2018
Yano Research Institute (the President, Takashi Mizukoshi) has conducted a survey on the domestic cosmetic contract manufacturing market and has found out the current status, the trends of the market players, and the future outlook.
The domestic cosmetic contract manufacturing market in FY2017 largely expanded to 110.2% of the size of the previous year to achieve 290,000 million yen, based on the sales at the businesses. Deregulation caused by the revised Pharmaceutical Affairs Act has led to separation of sales and manufacturing at cosmetic brands, which invited new market entry by the new and existing businesses from diverse industries and encouraged outsourcing of manufacturing processes.
Expansion of inbound tourism demand in the domestic market and of outbound demand (local demand at exported countries) in China and ASEAN countries has contributed to increase production of Japanese cosmetics, invigorating the cosmetic contract manufacturing market.
In the skincare category, robust demand for the cosmetics for anti-aging and whitening has led those contracted manufacturers to enhance research and development of such cosmetics. The Japanese cosmetics are highly praised because of clear indication of clinical test data proving efficacies and because of safety to the skins, which expanded the local demand for such products in China, ASEAN, and other countries and increased exporting of domestic products.
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