Cruelty-Free Makeup Market Forecast 2024-2033: Industry Insights And Key Trends

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Cruelty-Free Makeup Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $8.37 billion In 2028 At A CAGR Of 7.2% :

The cruelty-free makeup market size has grown strongly in recent years. It will grow from $5.85 billion in 2023 to $6.35 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to rising lactose intolerance awareness, health and wellness trends, dietary trends, functional properties, clean label movement.

The cruelty-free makeup market size is expected to see strong growth in the next few years. It will grow to $8.37 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to expanding health-conscious consumer base, plant-based alternatives integration, global dietary shifts, diverse product applications, clean and sustainable sourcing. Major trends in the forecast period include globalization of food preferences, innovation in product formulations, innovations in dairy processing technologies, e-commerce and direct-to-consumer trends, focus on sustainable and ethical practices.

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Cruelty-Free Makeup Market Major Segments
The cruelty-free makeup market covered in this report is segmented -

1) By Product Type: Cruelty Free Facial Makeup, Cruelty Free Eye Makeup, Cruelty Free Lip Makeup, Cruelty Free Nail Makeup
2) By Customer Orientation: Women, Unisex, Men, Kids
3) By Sales Channel: Modern Trade, Specialty Store, Salons And Spa, Departmental Stores, Convenience Stores, Online Stores

Key Driver - Surge of Sustainability And Natural Ingredients In The Cruelty-Free Makeup Market

Rising consumer focus on sustainability and natural ingredients is expected to propel the growth of the cruelty-free makeup market. Sustainability and natural ingredients in cruelty-free makeup refer to a beauty product category that prioritizes ethical and environmentally conscious principles. The increasing consumer emphasis on sustainability and natural ingredients is steering the demand for cruelty-free makeup, as individuals seek beauty products aligned with ethical values, minimal environmental impact, and a preference for eco-conscious choices. For instance, in January 2024, according to the CBI Ministry of Foreign Affairs, a Netherlands-based government organization, demand for natural ingredients increased for cosmetics in Europe from $1.12 million (€1.03 million) in 2021 to $1.38 million (€1.27 million) in 2022. Therefore, the rise in consumer focus on sustainability and natural ingredients is driving the growth of the cruelty-free makeup market.

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Prominent Trend - Meeting Diverse Demands In The Cruelty-Free Makeup Market

Major companies operating in the cruelty-free makeup market aim to expand product lines and contribute a significant portion of their sales to conservation and rescue efforts for endangered animals. Expanding product lines in cruelty-free makeup refers to the process of beauty companies and brands diversifying their product offerings to cater to a wider range of customer preferences and needs. For instance, in March 2023, Colorbar Cosmetics Private Limited, an India-based cosmetics company, launched its Co-Earth line. The Co-Earth line is dedicated to clean beauty and animal welfare, with products that are derived from nature and are cruelty-free, vegan, paraben, SLS, and sulfate-free.

Cruelty-Free Makeup Market Players
Major companies operating in the cruelty-free makeup market report are Unilever plc, L'Oreal S.A., Estée Lauder Companies Inc., Ulta Beauty Inc., bareMinerals, e.l.f. Beauty Inc., Tarte Inc., Kendo Holdings Inc., Juice Beauty, A.W. Faber-Castell Cosmetics GmbH, Axiology Beauty, theBalm Cosmetics, Milani Cosmetics, Pacifica Beauty LLC, Urban Decay Cosmetics LLC, Ere Perez Natural Cosmetics Pty Ltd., Gabriel Cosmetics Inc., Au Naturale Cosmetics, Catrice Cosmetics, blinc, Absolution Cosmetics, Clove + Hallow LLC, Lily Lolo, Elate Cosmetics, MO MI BEAUTY, Anastasia Beverly Hills, Hynt Beauty, Gressa Skin, Inika Organic, Emma Jean Cosmetics Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the cruelty-free makeup market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cruelty-free makeup market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cruelty-Free Makeup Market Report Structure
3. Cruelty-Free Makeup Market Trends And Strategies
4. Cruelty-Free Makeup Market - Macro Economic Scenario
5. Cruelty-Free Makeup Market Size And Growth
…..
27. Cruelty-Free Makeup Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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