Press Release

Cruelty Free Cosmetics Market to Grow with a CAGR of 5.8% Globally through 2028

Rising consumer awareness and shift in consumer preferences are driving the Global Cruelty Free Cosmetics Market in the forecast period 2024-2028.

 

According to TechSci Research report, “Global Cruelty Free Cosmetics Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Cruelty Free Cosmetics Market stood at USD 8.29 Billion in 2022 and is anticipated to grow with a CAGR of 5.8% in the forecast period, 2024-2028. The global cruelty-free cosmetics market has experienced remarkable growth in recent years, reflecting changing consumer preferences and increasing awareness of ethical and sustainable beauty products. This market includes a wide range of cosmetic and personal care items, from makeup to skincare, that are not tested on animals. Several key factors contribute to the growth and significance of the global cruelty-free cosmetics market.

The major driver of this market is the shifting consumer mindset. There is a growing awareness and ethical concern regarding animal welfare, as consumers become more socially conscious. This increasing awareness has resulted in a surge in demand for cruelty-free cosmetics. People are making informed choices, opting for brands that align with their ethical values. The cruelty-free cosmetics market has witnessed a rise in ethical consumerism, where shoppers prioritize products that are not tested on animals and, in many cases, are free from animal-derived ingredients.

 

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Another driving force behind the global cruelty-free cosmetics market is the shift in consumer preferences. Traditional beauty brands are under pressure to adapt to this change. As consumers increasingly value ethical, sustainable, and eco-friendly products, they are turning away from brands that engage in animal testing. This transformation has compelled established companies to reevaluate their practices and invest in cruelty-free alternatives to meet consumer demand. Simultaneously, this shift has opened the door for the emergence of a new generation of cosmetics brands that are founded on cruelty-free and ethical principles.

In addition, stringent regulations in various regions have led to bans and restrictions on animal testing for cosmetics. For example, the European Union has prohibited animal testing for cosmetic products. These regulations have pushed companies to adopt cruelty-free testing methods, further propelling the market's growth. Brands are increasingly formulating their products without animal testing to access these markets. As a result, there is a regulatory push for cruelty-free cosmetics, creating an environment where brands must comply with such standards to gain market access.

Moreover, celebrities and influencers play a significant role in promoting cruelty-free cosmetics. They influence consumer choices through their endorsements and advocacy for ethical beauty products. The power of celebrity endorsement and social media influence has propelled the popularity of cruelty-free cosmetics, encouraging consumers to opt for these products. Celebrities and influencers are using their platforms to advocate for products that align with their values, including ethical and sustainable beauty choices.

Lastly, technological advancements and innovation in testing methods have revolutionized the cruelty-free cosmetics market. Brands and researchers are investing in alternative testing techniques that eliminate the need for animal testing while ensuring the safety and efficacy of their products. These technological advancements are not only meeting the ethical demands of consumers but also enhancing the quality and safety of products. This innovation has allowed cruelty-free cosmetics to compete effectively with traditional cosmetics, offering products that are not only ethically produced but also of high quality and performance.

In conclusion, the global cruelty-free cosmetics market has seen remarkable growth, driven by consumer awareness, changing preferences, regulatory changes, celebrity endorsements, and innovative testing methods. As the industry continues to evolve, it is expected that the global cruelty-free cosmetics market will continue to thrive, offering consumers a wide range of ethical and sustainable beauty options that align with their values and preferences.

The Global Cruelty Free Cosmetics Market is segmented into product type, form, sales channel, regional distribution, and company.

Based on product type the market is segmented into skincare products, haircare products, color cosmetics, perfume, others.

Based on form the market is segmented into cream, gel, liquid, powder, and others. The global cruelty-free cosmetics market has witnessed a substantial surge in demand for skincare products. This heightened demand can be attributed to the growing consumer preference for ethical and sustainable beauty products that not only cater to their skincare needs but also align with their values. Increasing awareness of the adverse effects of harsh chemicals and animal testing in traditional skincare items has led consumers to seek cruelty-free alternatives. Brands are responding by developing innovative, animal-friendly skincare solutions that are not only effective but also in harmony with the growing ethical consciousness of consumers.

Based on sales channel the market is segmented into hypermarkets/supermarkets, retail stores, beauty salon, online, others.

Based on region the market is segmented into five regions, North America, Europe, Asia Pacific, Middle East & Africa, and South America.

 

Major companies operating in Global Cruelty Free Cosmetics Market are:

  • L'Oréal S.A
  • PHB Ethical Beauty Ltd
  • Kosé Corporation
  • Plum Goodness
  • e.l.f. Cosmetics, Inc.
  • Natura (Brasil) International B.V.
  • INIKA Organic
  • Avalon Natural Products, Inc.
  • Kendo Holdings, Inc.
  •  Yes To, Inc.

 

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“Customization and personalization in products is a significant trend that is expected to have an impact on growth over the forecasted period. Rising consumer awareness, establishment of regulatory standards and certifications and increasing demand for cruelty-free and ethical sourcing products will positively impact the Global Cruelty Free Cosmetics Market. Due to the wide range of products available to meet specific needs of, as well as the growing popularity of the online sales channel, the market is growing at impressive rate through projected period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Cruelty Free Cosmetics Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Skincare Products, Haircare Products, Color Cosmetics, Perfume, Others), By Form (Cream, Gel, Liquid, Powder, Others), By Sales Channel (Hypermarkets/Supermarkets, Retail Stores, Beauty Salon, Online, Others), By Region, By Competition, 2018-2028”, has evaluated the future growth potential of Global Cruelty Free Cosmetics Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Cruelty Free Cosmetics Market.

 

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