Market Highlights

Cruelty free cosmetics have become a major trend of late due increased awareness due to increased animal rights awareness. Market Research Future, a firm which specializes in market reports related to Consumer and Retail sector among others, recently published a report on this market. The industry is expected to expand at an unmatched CAGR rate in the forecast period while achieving high revenue levels.

Cruelty free cosmetics have become popular of late and are witnessing increased demand due to increased consumer awareness about the side effects of animal testing especially in the cosmetics sector. Sale of perfumes & fragrances in the cruelty-free cosmetics industry is also experiencing growth at a higher rate during the forecast period. Mass penetration in the target demographic and increased promotions have been effective in bolstering demand of this sector to positive levels.

Key Players

The key players profiled in the global Cruelty-Free Cosmetics market are L'Oréal S.A. (France), COVER FX Skin Care Inc. (Canada), INIKA Organic (Australia), Spectrum Collections (U.K.), Kat Von D Beauty (U.S.), Beauty B (U.S.), PHB Ethical Beauty (U.K.)

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Market Segmentation

The cruelty free cosmetics market has been segmented on the basis of product type, form and distribution channels.

On the basis of product-type which comprises of skin care, hair care, perfumes & fragrances, makeup & color cosmetics, others. Makeup & color cosmetics hold a dominant share out of all the other types. The market has been further segmented on the basis of form namely cream, gel, liquid, powder, and others. Cream based products hold a lion’s share among the various forms followed by gels. On the basis of distribution channel which comprises of supermarket/hypermarket, specialty retailers, convenience stores, e-commerce, others. Sale through supermarket/hypermarket is growing at a higher growth rate backed up by a convenient shopping experience of the consumers.

Regional Outlook:

The global cruelty-free cosmetics market is segmented into North America, Europe, Asia Pacific, and Rest of the World (ROW). Europe has the major market share followed by Asia Pacific. Increased production of cruelty-free cosmetics in major European countries is projected to generate a high revenue from Europe region during the given forecast period. Changing consumer preferences for natural and vegan products will support the sale of cruelty-free cosmetics in various region during the forecast period. The major importers of cruelty-free cosmetics include U.S., China, U.K., Germany, and Singapore. Based on the higher demand for personal care products especially in female population, the import and export of cruelty-free cosmetics for manufacturing such products in the developed countries is expected to rise at a steady rate.

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