The global cosmetic industry is growing at a CAGR of 4.84% (2023-2027). It is expected to generate a revenue of $103.8 billion, with the U.S. producing the most (amounting to $19,430 million) in 2023.

Several factors are behind this growth, including increased beauty awareness, male grooming, and digital engagement.

The average profit margin on cosmetics has also increased from 10% to 15%. However, luxury brands earn up to 50% margin on their products.

If you want to take advantage of this lucrative market, catch up with the latest market trends. This year's most trending cosmetic items include:

• Liquid blush
• Cream contour
• Cat eyelashes
• Body glitter spray
• Vinyl lipsticks
• Eyeliner stamps
• Hair supplements
• Rhinestone makeup
  
  

You can contact manufacturers on this directory listing to stock up on trendy cosmetics at the best prices. They provide a complete range of cosmetics in all categories, from skincare to body and makeup to hair care products.     

Choosing a Cosmetic Manufacturer

You should consider the following factors while choosing a cosmetics manufacturer:

Quality: Quality assurance is crucial in cosmetics; from raw materials to finished products and packaging, quality should meet your business standards. You should check cosmetics' color, odor, density, softness, and hardness.

You can also take the services of your quality assurance team or hire a third party for chemical testing of cosmetics.

Production capacity: The manufacturers’ production capacity should meet your business needs. You should ask about their maximum production volumes, especially if you plan to scale up your business. 

Certification: You should check whether cosmetic manufacturers comply with ISO 22716 Good Manufacturing Practices (GMP) in manufacturing, storage, quality control, and shipping.

Packaging: Cosmetics are fragile and must be stored and shipped carefully. Therefore, look for a manufacturer offering durable packaging to prevent product leakage, damage, and spoilage.

Remember This While Negotiating with the Manufacturer

Prices and discounts: You should ask about discounts on individual products as well as overall stock and negotiate to get the best offer.

Custom packaging: If you want to promote your business through custom packaging, then ask the manufacturer about customization services. You can negotiate about getting products with scented, minimalist, foil stamp, or laminated packaging.