Reports

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

South Korea Cruelty Free Cosmetics Market Share, Trends, Analysis, Forecast: By Product Type: Skincare, Haircare, Makeup and Color Cosmetics, Perfume and Fragrances, Others; By Price Category: Premium, Economic; By Distribution Channels: Hypermarkets/ Supermarkets, Departmental Stores, Others; Competitive Landscape; 2023-2028

South Korea Cruelty Free Cosmetics Market Outlook

The South Korea cruelty free cosmetics market size cruelty free cosmetics reached a value of more than USD 992.60 million in 2022. The South Korea cruelty free cosmetics industry is expected to grow at a CAGR of 6.2% between 2023 and 2028, reaching a value of USD 1436.10 million by 2028.

 

Key Trends in the South Korea Cruelty Free Cosmetics Market

Cruelty free denotes that the cosmetic product is produced without being tested on animals, whereas vegan means that the product contains no animal-derived substances. Testing cosmetics on animals and using animal-derived ingredients is now prohibited in many nations in favour of more contemporary methods.

 

Research and Development in the Cosmetic Industry, Along with Rising Consumer Awareness, are Bolstering the Market for Cruelty-Free Cosmetics in South Korea

Many decades ago, the cosmetics business wanted its consumers to trust it, believing that the items they consumed and applied would not harm them in any manner. This prompted chemists to test their compositions' toxicity, irritancy, and allergy responses on mice, rats, guinea pigs, rabbits, and other animals in their laboratories. Today, a new standard for what safe beauty entails has been established due to the increasing spotlight, consumers' proactive steps toward self-education, and manufacturers' efforts to develop efficient replacements for time-tested techniques. Researchers are now creating and utilising ways for studying illnesses and evaluating items that don't involve using animals and are pertinent to human health. These approaches include the use of human cells and tissues (also referred to as "vitro" methods), sophisticated computer modelling methods (also known as "in silico" models), and research involving volunteers from the general public.

 

The emergence of the Vegan Lifestyle and Government Support in Restricting the Testing of Cosmetics on Animals are Majorly Driving the Growth of the Cruelty-Free Cosmetics Market in South Korea

In Korea, veganism quickly grew in popularity, transitioning from a specialised diet to a way of life. A growing number of the Korean population are avoiding the use, consumption, or wearing of animal products, and some are even seeking out cruelty-free skincare and cosmetics. Vegan cosmetics, in particular, emphasise the use of natural, organic ingredients and forgo animal testing. A regulation restricting animal testing that was adopted in 2017  also significantly changed how the Korean cosmetics sector produces its products. The legislation requires cosmetics makers to not include substances tested on animals, to not test their products on animals, and to not sell cosmetics that have been tested on animals. Furthermore, improved living standards along with high disposable income allow Korean consumers to spend more on premium vegan and cruelty-free cosmetics.

 

The Growing Investment in Celebrity Endorsements Is Augmenting the Market of Cruelty-Free Cosmetics in South Korea

Half of all sales of cruelty-free cosmetics have been made through the worldwide eCommerce market since the COVID-19 outbreak. Particularly since the start of the epidemic, e-commerce has become the most important component of the cosmetics industry. To pique consumers' attention, leading cosmetic brands now collaborate with well-known celebrities who promote their cosmetics and skin care products. Hence, companies are substantially investing in advertising. Some of the leading influencers informing customers about the many benefits of cruelty-free goods use social media platforms like Facebook, Instagram, TikTok, and YouTube. In 2022, Korean giant Olive Young  collaborated with Mamamoo Hwasa and Exo Kai as their ambassadors with the motto "Healthy Beauty." Such collaborations aid the companies to increase sales in a short period of time, improving brand positioning, and popularise a newly launched product in the market. 

 

Market Analysis

Based on product type, the South Korea cruelty free cosmetics market is segmented into skincare, haircare, makeup and color cosmetics, and perfume and fragrances, among others. Based on price category, the cruelty free cosmetics of South Korea is classified into premium and economic. On the basis of distribution channels, the South Korea cruelty free cosmetics market is divided into hypermarkets/ supermarkets, departmental stores, specialty stores, and online, among others.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the South Korea (DBMS) market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

 

  • Lab&Company Co., Ltd. (I’m From)
  • Dear, Klairs.
  • TONYMOLY Co., Ltd.
  • Krave Beauty, LLC
  • Peach and Lily, Inc.
  • Then I Met You, LLC.
  • ISNTREE Inc.
  • COSRX Inc.
  • HiNature Co., Ltd. (PURITO)
  • Sweet Chef
  • Others

 

Market Share by Product Type

The product types available in the cruelty-free cosmetics market is skincare, haircare, makeup and colour cosmetics, and perfume and fragrances, among others. All the segments are performing well in the market and are expected to grow further during the given forecast period owing to the high beauty standards, improved standards of living, and increasing disposable income. With the growing awareness regarding animal cruelty via social media and other mediums, people are gradually shifting their preferences toward vegan and cruelty free cosmetics.

 

Market Share by Price Category

Half of all sales of cruelty-free cosmetics grew after the COVID-19 outbreak, primarily because of the increased prevalence of online distribution channels in the market. Due to the growing competition among key players and the emergence of cosmetics startups, premium cosmetics are now available at competitive prices. In order to look more visually appealing and due to increased disposable income, more people are now willing to spend on premium cruelty free cosmetics in South Korea.

 

Market Share by Distribution Channels

E-commerce has grown to be the most significant aspect of the cosmetics sector, especially since the pandemic. Especially in light of the closure, consumers no longer only rely on physical stores, and the e-commerce industry has been able to maintain stable sales, especially after the COVID-19 pandemic. The most popular offline distribution channel for people to purchase cosmetics are department shops, hypermarkets, and supermarkets, which also provide access to a variety of vegan cosmetic brands that are not available via other channels. The growth of e-commerce and consumer awareness have been majorly providing impetus to the growth of the segments as well as the cruelty free cosmetics industry of South Korea.

 

Competitive Landscape

TONYMOLY CO., LTD - Korea-based TONYMOLY CO., LTD is primarily involved in the creation, production, and marketing of cosmetic goods. The company primarily produces cosmetics, skincare items, and accessories such as brushes, containers, mirrors, and others. The Company primarily markets its goods under the TONYMOLY brand. Additionally, the company sells its cosmetics in foreign markets as well as through specialised shops, department stores, online shopping malls, and other outlets. The firm was established in 2006 and its headquarters are situated in Seoul, South Korea.

 

COSRX Inc.- The South Korean skincare company COSRX, which was established in 2013, currently enjoys widespread acclaim in Southeast Asia. The firm offers excellent goods to treat various skin issues, and they are made of skin-friendly substances that soothe irritated skin. This enables clients to choose cosmetic items in accordance with their unique skin conditions. Following their recent rise to prominence in the US, they have already had success in a number of the region's nations in the past two years. The company has its headquarters in Seoul, South Korea.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Price Category
  • Distribution Channels
Breakup by Product Type
  • Skincare
  • Haircare
  • Makeup and Color Cosmetics
  • Perfume and Fragrances
  • Others
Breakup by Price Category
  • Premium
  • Economic
Breakup by Distribution Channels
  • Hypermarkets/ Supermarkets
  • Departmental Stores
  • Specialty Stores
  • Online
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Lab&Company Co., Ltd. (I’m From)
  • Dear, Klairs.
  • TONYMOLY Co., Ltd.
  • Krave Beauty, LLC
  • Peach and Lily, Inc.
  • Then I Met You, LLC.
  • ISNTREE Inc.
  • COSRX Inc.
  • HiNature Co., Ltd. (PURITO)
  • Sweet Chef
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface  
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    South Korea Cruelty Free Cosmetics Market Analysis

    8.1    Key Industry Highlights
    8.2    South Korea Cruelty Free Cosmetics Historical Market (2018-2022) 
    8.3    South Korea Cruelty Free Cosmetics Market Forecast (2023-2028)
    8.4    South Korea Cruelty Free Cosmetics Market by Product Type
        8.4.1    Skincare
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Haircare
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Makeup and Color Cosmetics
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Perfume and Fragrances
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Others
    8.5    South Korea Cruelty Free Cosmetics Market by Price Category
        8.5.1    Premium
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Economic
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    South Korea Cruelty Free Cosmetics Market by Distribution Channels
        8.6.1    Hypermarkets/ Supermarkets
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Departmental Stores
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Specialty Stores
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Online
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Others
9    Market Dynamics
    9.1    SWOT Analysis
        9.1.1    Strengths
        9.1.2    Weaknesses
        9.1.3    Opportunities
        9.1.4    Threats
    9.2    Porter’s Five Forces Analysis
        9.2.1    Supplier’s Power
        9.2.2    Buyer’s Power
        9.2.3    Threat of New Entrants
        9.2.4    Degree of Rivalry
        9.2.5    Threat of Substitutes
    9.3    Key Indicators for Demand
    9.4    Key Indicators for Price
10    Value Chain Analysis
11    Competitive Landscape

    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Lab&Company Co., Ltd. (I’m From)
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Dear, Klairs.
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    TONYMOLY Co., Ltd.
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Krave Beauty, LLC
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Peach and Lily, Inc.
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Then I Met You, LLC.
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    ISNTREE Inc.
            11.2.7.1    Company Overview
            11.2.7.2    Product Portfolio
            11.2.7.3    Demographic Reach and Achievements
            11.2.7.4    Certifications
        11.2.8    COSRX Inc.
            11.2.8.1    Company Overview
            11.2.8.2    Product Portfolio
            11.2.8.3    Demographic Reach and Achievements
            11.2.8.4    Certifications
        11.2.9    HiNature Co., Ltd. (PURITO)
            11.2.9.1    Company Overview
            11.2.9.2    Product Portfolio
            11.2.9.3    Demographic Reach and Achievements
            11.2.9.4    Certifications
        11.2.10    Sweet Chef
            11.2.10.1    Company Overview
            11.2.10.2    Product Portfolio
            11.2.10.3    Demographic Reach and Achievements
            11.2.10.4    Certifications
        11.2.11    Others
12    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    South Korea Cruelty Free Cosmetics Market: Key Industry Highlights, 2018 and 2028
2.    South Korea Cruelty Free Cosmetics Historical Market: Breakup by Product Type (USD Million), 2018-2022
3.    South Korea Cruelty Free Cosmetics Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4.    South Korea Cruelty Free Cosmetics Historical Market: Breakup by Price Category (USD Million), 2018-2022
5.    South Korea Cruelty Free Cosmetics Market Forecast: Breakup by Price Category (USD Million), 2023-2028
6.    South Korea Cruelty Free Cosmetics Historical Market: Breakup by Distribution Channels (USD Million), 2018-2022
7.    South Korea Cruelty Free Cosmetics Market Forecast: Breakup by Distribution Channels (USD Million), 2023-2028
8.    South Korea Cruelty Free Cosmetics Market Structure

Key Questions Answered in the Report

In 2022, the South Korea cruelty free cosmetics market attained a value of nearly USD 992.60 million.

The market is projected to grow at a CAGR of 6.2% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 1436.10 million by 2028.

Brand endorsements by celebrities, rising disposable income, high living standards, promotion by social media influencers on social media platforms, growing consumer awareness, and research and development are the leading drivers of the cruelty-free cosmetics market in South Korea.

The growing adoption of a vegan lifestyle and Korean government support in restricting the testing of cosmetics on animals are the key trends in the South Korea cruelty-free cosmetics industry.

The dominant type of cruelty-free cosmetics in the industry are skincare, haircare, makeup and colour cosmetics, and perfume and fragrances, among others.

The leading distribution channels in the market are hypermarkets/ supermarkets, departmental stores, speciality stores, and online, among others.

The major players in the industry are Lab&Company Co., Ltd. (I’m From), Dear, Klairs., TONYMOLY Co., Ltd., Krave Beauty, LLC, Peach and Lily, Inc., Then I Met You, LLC., ISNTREE Inc., COSRX Inc., HiNature Co., Ltd. (PURITO), and Sweet Chef, among others.

Purchase Full Report

Mini Report

$ 2199     $1799
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3199     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$ 4199     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5199     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER