Global Vegan Cosmetics Market size was valued at USD 17.42 Billion in 2021 and is projected to reach USD 25.51 Billion by 2028, growing at a CAGR of 5.6% from 2022 to 2028.
Vegan cosmetics are free of any animal products and their byproducts. Traditional animal-derived components like honey, beeswax, lanolin, collagen, elastin, etc. are swapped out with ones made from plants or minerals. Vegan populations have a huge need for and popularity with vegan cosmetics. Vegan skincare, hair care, makeup, and color cosmetics come in a wide variety of designs and are readily available on the market. Consumers should be worried about more than just the animals used for testing, as supplies of cosmetics and toiletries often contain items made from animals, including sheep, insects, beavers, and even whales. Globally, however, there was a 175% growth in vegan cosmetic launches between 2014 and 2019. According to estimates, more than 80% of the new vegan products introduced in the UK in 2020 fell into the beauty area. According to a study by Cosmetify in 2019, 9% of British women now exclusively purchase vegan cosmetics, up 47% over the previous year. Furthermore, 39% of these consumers aren't vegans at all.
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Companies Mentioned:
Arbonne(U.S.),Bare Blossom (Canada),PHB Ethical Beauty Ltd (U.K.),Billy Jealousy (U.S.),Ecco Bella(US),Emma Jean Cosmetics (U.S.),Modern Minerals Makeup (US),MuLondon Organic (UK),Nature’s Gate (India),Pacifica (US),Nutriglow Cosmetics (India),GABRIELCOSMETICS (U.S.),Natur'Alley Ltd (Japan),GoNature Sp. z o.o. (Poland),Seraphine Botanicals (U.S),Plum (India),Disguise Cosmetics (India),COTY INC. (U.S.),G&M Cosmetics (Australia), and Other Major Players.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
The latest report on the Vegan Cosmetics Market provides a detailed analysis of the market for the years 2023 to 2030. It presents a comprehensive overview of the global Vegan Cosmetics Market industry, incorporating all key industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Vegan Cosmetics Market. Moreover, the research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years.
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The Report on Vegan Cosmetics Market provides detailed analysis of segments in the market based on:
By Product
- Skin Care
- Hair Care
- Makeup
- Other Products
By Distribution Channel
- Hypermarkets/Supermarkets
- e-Commerce
- Specialty Stores
- Departmental Stores
- Other Distribution Channels
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Key Topics Covered:
- Report Overview
- Executive Summary
- Overview
- Vegan Cosmetics Market by Product
- Vegan Cosmetics Market by Consumption Type
- Company Profiles
Why Purchase the Report?
- Visualize the composition of the global Vegan Cosmetics Market products in terms of Product and application highlighting the critical commercial assets and players.
- Identify commercial opportunities in the global Vegan Cosmetics Market by analyzing trends and co-development deals.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
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