Cosmetic ODM (original design manufacturing) is defined as the company that designs and manufactures the product which is then sold by another firm under its brand name. It allows the firms to sell products under their brand name without investing in the establishment of an organization or production factory.The Global Cosmetics ODM Market is estimated to grow from USD 11.8 billion in 2020 to USD 16.7 billion by 2026 at a healthy CAGR of 6.1% during the forecast period.
Source: https://www.stratviewresearch.com/1549/cosmetics-ODM-market.html
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