The South Korea cruelty free cosmetics market size cruelty free cosmetics reached a value of more than USD 1054.14 million in 2023. The South Korea cruelty free cosmetics industry is expected to grow at a CAGR of 6.3% between 2024 and 2032, reaching a value of USD 1826.77 million by 2032.
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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.
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.
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.
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 2023, 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.
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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.
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.
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.
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.
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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.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Product Type||
|Breakup by Price Category||
|Breakup by Distribution Channels||
*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.
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
5.2 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 (2018-2023)
8.3 South Korea Cruelty Free Cosmetics Market Forecast (2024-2032)
8.4 South Korea Cruelty Free Cosmetics Market by Product Type
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2023)
220.127.116.11 Forecast Trend (2024-2032)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2023)
126.96.36.199 Forecast Trend (2024-2032)
8.4.3 Makeup and Color Cosmetics
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2023)
220.127.116.11 Forecast Trend (2024-2032)
8.4.4 Perfume and Fragrances
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2023)
126.96.36.199 Forecast Trend (2024-2032)
8.5 South Korea Cruelty Free Cosmetics Market by Price Category
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2023)
220.127.116.11 Forecast Trend (2024-2032)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2023)
126.96.36.199 Forecast Trend (2024-2032)
8.6 South Korea Cruelty Free Cosmetics Market by Distribution Channels
8.6.1 Hypermarkets/ Supermarkets
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2023)
220.127.116.11 Forecast Trend (2024-2032)
8.6.2 Departmental Stores
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2023)
126.96.36.199 Forecast Trend (2024-2032)
8.6.3 Specialty Stores
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2023)
220.127.116.11 Forecast Trend (2024-2032)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2023)
126.96.36.199 Forecast Trend (2024-2032)
9 Market Dynamics
9.1 SWOT Analysis
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)
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.2 Dear, Klairs.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.3 TONYMOLY Co., Ltd.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.4 Krave Beauty, LLC
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.5 Peach and Lily, Inc.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.6 Then I Met You, LLC.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.7 ISNTREE Inc.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.8 COSRX Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
11.2.9 HiNature Co., Ltd. (PURITO)
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
11.2.10 Sweet Chef
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
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 2032
2. South Korea Cruelty Free Cosmetics Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. South Korea Cruelty Free Cosmetics Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. South Korea Cruelty Free Cosmetics Historical Market: Breakup by Price Category (USD Million), 2018-2023
5. South Korea Cruelty Free Cosmetics Market Forecast: Breakup by Price Category (USD Million), 2024-2032
6. South Korea Cruelty Free Cosmetics Historical Market: Breakup by Distribution Channels (USD Million), 2018-2023
7. South Korea Cruelty Free Cosmetics Market Forecast: Breakup by Distribution Channels (USD Million), 2024-2032
8. South Korea Cruelty Free Cosmetics Market Structure
In 2023, the South Korea cruelty free cosmetics market attained a value of nearly USD 1054.14 million.
The market is projected to grow at a CAGR of 6.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1826.77 million by 2032.
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.
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