September 9, 2024
COSMAX Group Expands Business enterprise to Pet Treatment…Targeting 0B Market
  • Began operations of pet nutritional supplements manufacturing plant
  • Generates ‘human-grade’ products and solutions with differentiated components
  • Options to develop pet care enterprise from health supplements to cosmetics

SEONGNAM, South Korea, Nov. 29, 2022 /PRNewswire/ — COSMAX Team, the leader in the world wide cosmetics ODM (Original Growth Producing) current market, is growing its organization spot to pet care. Starting the operation of its pet dietary supplements plant this month, the firm enters the pet care market in earnest along with cosmetics for animals.

COSMAX PET, an ODM company for pet nutritional supplements newly proven this Could, introduced that it has commenced operations of its producing plant this thirty day period. Positioned in Goesan-gun, Chungcheongbuk-do, Korea, the plant of COSMAX PET spans 6,600 sq. meters with a floor house of 2,000 sq. meters.

COSMAX Team entered the pet treatment small business as the global pet treatment industry confirmed higher expansion fees. According to Euromonitor Worldwide, the pet treatment current market is expected to expand from USD 153.6 billion in 2021 to USD 217.7 billion by 2026.

COSMAX PET gives a ‘one-prevent solution’ tailor-made to the model and solution thought of its prospects. The firm proposes differentiated uncooked products and formulations suited for the indications of pets, as very well as deal models that match each and every products.

COSMAX PET differentiates itself from opponents with functional ingredients independently identified by South Korea’s Ministry of Food stuff and Drug Security. COSMAX Group programs to implement many separately regarded functional elements to pet health supplements.

Among the COSMAX Group’s unique useful elements are Agatri®(Agastache rugosa extract), registered in the New Nutritional Ingredients (NDI) list of the U.S. Meals and Drug Administration (Fda), and Tabetri®(Taheebo extract) that can aid enhance joint and cartilage health and fitness.

COSMAX PET has secured systems to produce human-quality pet supplements. Buyers can decide on grades for elements amid human-quality, purely natural-grade, organic, and new meat.

The formulation line-up by COSMAX PET is composed of a tablet, capsules, powder, jerky, and adhere-pack retort (gel or jelly variety). Jerky and stick-pack retort are formulations personalized for animals. COSMAX PET conducted analysis on companion animals’ appetites, created recipes, and utilized them to all goods to satisfy the preferences of pets.

In partnership with its consumers, COSMAX PET strategies to introduce a selection of new merchandise, formulations, and exceptional supplies in the sector this 12 months.

Ho-jeong Jin, CEO of COSMAX PET reported “As ‘Pet Humanization’ grew to become 1 of the major developments in the pet care current market, nutritional supplements for pets are also remaining diversified.”

He also extra, “COSMAX PET will leap toward as a international pet care firm by introducing differentiated goods dependent on pet-oriented exploration and producing engineering.”

In the meantime, COSMAX has invested extra than three many years establishing pet treatment goods. The company is expanding its pet attractiveness solution line-ups by introducing toothpaste, body product, physique mist, and ear sanitizer due to the fact it 1st rolled out shampoo and conditioner for animals past year.

COSMAX has established its database of components and raw components that are suitable for animals. The firm also obtained permission to manufacture quasi-medicine for animals and constructed exclusive production facilities for pet items.

Source COSMAX