No.2199
Cosmetics Contract Manufacturing, Container and Ingredients Market in Japan: Key Research Findings 2019
Cosmetics Contract Manufacturing Market in FY2018 Grew by 12.1% from Preceding Fiscal Year to Attain 325,000 Million Yen
Yano Research Institute (the President, Takashi Mizukoshi) has conducted a survey on cosmetics contract manufacturing market in Japan, and has found out the current market conditions, the trend by market players, and the future outlook.
Market Overview
In FY2018, the market size of the cosmetics contract manufacturing in Japan grew by 12.1% from the preceding fiscal year to 325,000 million yen. Since the revision of the Pharmaceutical Affairs Law in 2005 that deregulated market entry, new market entry as well as contract manufacturing are growing.
With the increase of Japanese cosmetics production against the backdrop of inbound demand making an upward turn and outbound demand (local demand at the destination of export) sustaining growth, cosmetics contract manufacturing is expanding.
Noteworthy Topics
Despite the Decline in Inbound Tourism Demand Due to China’s New E-Commerce Law, The Market Show Stable Growth as Tariff Reduction Proved Effective
Under the China’s new e-commerce law that came into force in January 2019, Chinese “social buyers” (individuals doing business through online channels) are obligated to obtain a business license. There is a growing concern that this may decrease the number of Chinese tourists who purchase the cosmetic products.
On the other hand, the export of Japanese cosmetics is increasing, driven by the drastic tariff reduction on the household products in July 2018, which included cosmetic products such as skincare and hair styling products.
Future Outlook
In the cosmetics market in Japan, the production hike is continuing due to the rise in the domestic consumption (domestic demand) as well as in the overseas demand. With the increase of contract manufacturing (outsourcing) by cosmetics brands and companies that newly entered the cosmetics market, the cosmetic contract manufacturing market in FY2019 is forecasted to grow by 8.0% from the previous fiscal year to 351,100 million yen.
Research Outline
2.Research Object： 1. Cosmetics contract manufacturers, cosmetic container manufacturers, raw material suppliers, cosmetics brand owners, other related enterprises & organizations
3.Research Methogology： Face-to-face interview by our expert researchers, survey via telephone, survey via questionnaire by mail, and literature research
The Cosmetics Contract Manufacturing Market
The cosmetic contract manufacturing in this research indicates the production of skincare, makeup, haircare, and other cosmetics products on consignment basis upon requests from cosmetic brand owners or the companies that made entry to the cosmetics market from other industries.
The market comprises of the contract manufacturing market (contract manufacturers), the cosmetic containers market (container makers and dealers), and the cosmetic ingredients market (raw material suppliers and trading companies).
＜Products and Services in the Market＞
Cosmetic Products (skincare, makeup, haircare, and other), Cosmetic Containers, Cosmetic Ingredients
Published Report
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