Cruelty Free Cosmetics Market 2018 | Industry Share, Size, Growth Opportunities, Business Strategies, CAGR Rate and Forecast Period 2023

Cruelty Free Cosmetics market 2018 Industry Research Report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making.

Cruelty-Free Cosmetics 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

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 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.

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

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.

Intended Audience

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

Full report on Cruelty Free Cosmetics Market report spread across 110 pages, profiling 18 companies and supported with tables and figures available at https://www.marketresearchfuture.com/reports/cruelty-free-cosmetics-market-3825

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