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Worldwide Cruelty-Free Cosmetics Market Is Anticipated to Develop at CAGR of 6.1% Post 2022

Global Cruelty-Free Cosmetics Market Information- By Product-Type, By Form, By Distribution Channel and By Region Forecast till 2023

This press release was orginally distributed by SBWire

Pune, India -- (SBWIRE) -- 07/27/2017 -- Market Research Future adds new report of "Global Cruelty-Free Cosmetics Market Research Report- Forecast till 2023" it contains Company information, geographical data and Table of Content

Market Scenario:

Changing cosmetic trends is influencing the growth of cruelty-free cosmetics as mass consumers find the testing on animals unethical and have started spreading awareness against the act. In addition, adoption of natural alternatives like plant based personal care products by the consumers is considered to be one of the major drivers for this market. Increased awareness about the tests performed on animals and even use of animal products such as fur, hair and others is prohibited in some countries of developed region which has further increased the market for cruelty-free cosmetics on a global level. Mass market penetration is leading to introduction of new products and their retail across various regions. High focus on Research and Development has led to innovations and in the product line and use of natural harmless chemicals which has fueled up the market share of cruelty-free cosmetics in global market.

Among the various types of cruelty-free products, makeup & color cosmetics are evaluated to hold a major share as mass consumers have high per capita consumption of face care products. Cream based cruelty-free cosmetics hold a dominant share based on convenience usage and easy storage properties. Based on the distribution channel, sale through supermarkets and hypermarkets retailers is found to hold a major share owing to one-stop purchase and easy availability of the desired product through the channel.

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Key Findings:

- Sale of perfumes & fragrances cruelty-free cosmetics is found to be growing at a higher rate during the forecast period

- Top exporters of cruelty-free cosmetics include France, U.S., India, Germany and New Zealand

Market Segments

- Cruelty-Free Cosmetics has been segmented 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.

- Cruelty-free cosmetics have been 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.

- Cruelty-Free Cosmetics has been segmented 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.

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Study Objectives of Cruelty-Free Cosmetics Market

- Detailed analysis of the market's segments and sub-segments

- To estimate and forecast market size by product-type, form, distribution channel & region

- To analyze key driving forces influencing the market

- Region level market analysis and market estimation of North America, Europe, Asia, and the rest of the world (ROW) and their countries

- Value Chain Analysis & Supply Chain Analysis of cruelty-free cosmetics

- Company profiling of major players in the market

- Competitive strategy analysis and mapping key stakeholders in the market

- Analysis of historical market trends and technologies along with current government regulatory requirements

Key Players

The key players profiled in the global Cruelty-Free Cosmetics market are

- L'Oreal 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.)

Intended Audience

- Cruelty-Free Cosmetics manufacturers
- Natural cosmetics manufacturers
- Personal care products manufacturers
- Traders, importers and exporters

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Market Definition:

Cruelty-free cosmetics are also known as vegan cosmetics. Cruelty-free cosmetics come under the category of personal care products that are manufactured without being tested on animals. The products undergo final testing in-vitro or on humans. Growing animal welfare acts all around the globe is one of the major factors for the popularity of this market. Increasing population of consumers adopting vegan life-style is highly influencing the growth of this market. Mass consumers adopting the usage of natural and organic cosmetics worldwide prefer cruelty-free beauty products such as skin care, hair care, make-up and other products. The market share of the cruelty-free cosmetics is evaluated to be rising at a higher rate as compared to other synthetic products. On the other hand, harmful chemicals such as paraben present in the products might cause allergies to some consumers thus restricting the growth of this market.

Regional Analysis

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 found to rise at a steady rate.

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Market Research Future
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