Cosmetics that have not been tested on animals fall under the category of cruelty-free cosmetics. The cruelty-free mark only means that the final product and its ingredients are not tested on animals; however, the product can also contain animal-derived ingredients. Several regulations are in place to ensure that businesses do not test their goods on animals. Nowadays consumers are becoming more conscious when it comes to product selection, paying attention to raw materials and source origin.
MARKET DYNAMICS
The demand for cruelty-free cosmetics is growing as consumers become more conscious of the detrimental effects of animal testing on the environment. Increasing demand for personal care products, coupled with rising awareness regarding cruelty-free beauty, is expected to be one of the key trends escalating market growth. The market for naturally derived products is growing as the popularity of environmentally friendly products increases. However, people are not assured of never being exposed to any harmful toxins or chemicals, leading to a drop in health risks. As a result, this factor would stifle the demand for cruelty-free cosmetics.
MARKET SCOPE
The "Global Cruelty-Free Cosmetics Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the cruelty-free cosmetics market with detailed market segmentation by product type and distribution channel. The global cruelty-free cosmetics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cruelty-free cosmetics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
By Product Type
- Skincare Products
- Haircare Products
- Makeup & Color Cosmetics
- Nailcare Products
- Others
By Distribution channel
- Supermarkets & Hypermarkets
- Specialty Stores
- Online Retail
- Others
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global cruelty-free cosmetics market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The cruelty-free cosmetics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the cruelty-free cosmetics market from both the demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the cruelty-free cosmetics market in these regions.
MARKET PLAYERS
The report covers vital developments in the cruelty-free cosmetics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market payers from the cruelty-free cosmetics market are anticipated to lucrative growth opportunities in the future with the rising demand for cruelty-free cosmetics in the global market. Below mentioned is the list of few companies engaged in the cruelty-free cosmetics market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cruelty-free cosmetics market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Aveda Corporation
- Lush Group
- Yes To, Inc.
- Avalon Organics
- Smashbox Cosmetics (Estee Lauder)
- Too Faced Cosmetics (Estee Lauder)
- Plum Goodness
- INIKA Organic
- PHB Ethical Beauty Ltd
- Physicians Formula Holdings
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.