Overview
The cruelty-free cosmetics market is projected to grow at a CAGR of 4.56% during the forecast period. As per the cruelty-free cosmetics market research report, the global market for cruelty-free cosmetics is projected to grow swiftly by USD 14.23 billion by 2030.
According to analysts, focus on research and development activities as well as the growing trend of veganism will drive the market growth during the forecast period. The cruelty-free cosmetics market research report offers a comprehensive analysis of the global cruelty-free cosmetics market and its distribution channel, form, region, and product type segments. The high cost of products along with high manufacturing cost are the elements that could influence the cruelty-free cosmetics market outlook advancement throughout the forecast period. The cruelty-free cosmetics market research report by expert analysts is developed to assist organizations in the cruelty-free cosmetics market.
Competitive Landscape
New and innovative products are presumed to drive the cruelty-free cosmetics market growth worldwide. The global cruelty-free cosmetics market could be challenged by a weak supply system and unorganized retail sector, nevertheless, organizations in the cruelty-free cosmetics market will carry the growth rate forward. The cruelty-free cosmetics market research report presents company profiles of major companies active in the cruelty-free cosmetics market globally. Furthermore, the global cruelty-free cosmetics market report offers an all-inclusive analysis of the market collected from the cruelty-free cosmetics market’s primary and secondary sources covering both decision makers and thought leaders. The cruelty-free cosmetics market research report highlights such key areas assisting businesses operating in the cruelty-free cosmetics market to build better growth strategies.
Market Segmentation
The global cruelty-free cosmetics market has been segmented based on distribution channel, form, region, and product type. On the basis of distribution channel, the market for cruelty-free cosmetics is segmented based on store-based (convenience store, specialty stores, hypermarkets and supermarkets, and others) and non-store-based. Additionally, the market on the basis of form, is segmented into gel, liquid, powder, cream, and others. The global market for cruelty-free cosmetics is also covered based on product type segment which is further split into haircare products, makeup & color cosmetics, perfume & fragrance, skincare products, and others.
Major elements such as lack of awareness among consumers could obstruct the cruelty-free cosmetics market growth. However, according to the cruelty-free cosmetics market research report, consumers' preference for products which do not harm animals along with favorable laws and regulations will propel growth throughout the forecast period. The cruelty-free cosmetics market is set to register growth at a high CAGR owing to these key factors. The exploration of distribution channel, form, region, and product type segments along with regional markets has been given in the global cruelty-free cosmetics market research report. The research analysts studying the cruelty-free cosmetics market have put out market forecasts in the cruelty-free cosmetics market research report in order to support cruelty-free cosmetics market-based companies. The cruelty-free cosmetics market research report provides an extensive understanding of the cruelty-free cosmetics market share based on the information and forecasts till 2030.
Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for cruelty-free cosmetics are predominantly covered in the global cruelty-free cosmetics market research report. Country-level cruelty-free cosmetics markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level cruelty-free cosmetics markets are covered in the report. In Asia-Pacific (APAC) region, the country-level cruelty-free cosmetics markets covered are Japan, India, China, and others. The cruelty-free cosmetics market research report also explores the regional market for cruelty-free cosmetics present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The cruelty-free cosmetics market research report also covers regional markets from the rest of the world alongside cruelty-free cosmetics markets of Africa and the Middle East.
Industry News
LUXIE celebrates six years of bringing beauty lovers everywhere with premium, sustainably-crafted makeup tools. LUXIE is known for engineering an entirely vegan, hypoallergenic makeup brush from consciously sourced materials and is one of the first to take a strong stand against animal cruelty. LUXIE has come a long way since 2021, when at a pop-up in San Jose, founder Tammy Huynh first created and successfully sold out of her prototype makeup brushes. The company, which still has its headquarters in California, now has offices in the US and Singapore and has grown into a global phenomenon.
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