Market Overview:
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 from any animal products and their derivatives. Traditional animal-derived ingredients like honey, beeswax, lanolin, collagen, elastin, etc. are being replaced with ingredients made from plants or minerals. The vegetarian population has a great need and popularity with vegan cosmetics. Botanical skin care, hair care, makeup and color cosmetics are available in a variety of designs and are readily available in the market. Since the 1970s, animal testing has been a major ethical concern of the public when it comes to the use of animals in the cosmetic trade. Extensive public awareness campaigns continued for many years and contributed to product reviews, the development of new methods, and the preservation of animal life.
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The Vegan Cosmetics Market Research report includes value chain analysis for each type of product. Value chain analysis provides in-depth information about adding value at each stage. The study includes the drivers and constraints of the Vegan Cosmetics Market along with their impact on demand during the forecast period. The study also provides key market indicators that influence market growth.
Top Key Players Covered In Vegan Cosmetics Market:
- 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.
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Segmentation Analysis Of Vegan Cosmetics Market:
By Product:
The skin care segment held a dominant share of the market over the forecast period. Numerous studies also imply that vegan skincare products are well-liked in markets around the world.
By Distribution Channel:
Hypermarkets/Supermarkets remain a prominent distribution channel for vegan cosmetics worldwide. Although the COVID-19 pandemic produced significant disruptions in the offline distribution market, current advances and product distribution trends indicate that offline distribution will resume its prioritization during the post-COVID-19 pandemic.
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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Regional Analysis Of Vegan Cosmetics Market:
Due to growing consumer knowledge of the negative effects of some substances, such as paraben and Aluminium compounds found in skincare, hair care, and deodorants, the demand for natural and organic goods has increased throughout the European region. Many European consumers favor one brand above others due to its natural and ethical formulation.
By Region:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of SA)
Covid-19 Impact Analysis On Vegan Cosmetics Market:
The COVID-19 disaster has disrupted the beauty sector worldwide, which includes skin care, color cosmetics, hair care, perfume and personal care. There were many store closings and dismal first quarter sales. However, as consumers seek to change their consumption habits other than food, the ongoing pandemic and climate catastrophe has increased the demand for topical and ingestible cosmetics. The majority of vegan cosmetics fall under the category of non-essential goods due to new physical distance regulations and global lockdown measures. The COVID-19 pandemic is forcing the vegan cosmetics sector to re-evaluate its current business practices.
Scope Of The Report:
| Report Metric | Details |
| Market size available for years | 2016-2021 |
| Base year considered | 2021 |
| Forecast period | 2022–2028 |
| Forecast units | Billion (USD) |
| Segments covered | Type, Application, and Region |
| Geographies covered | North America, APAC, Europe, MEA, and Latin America |
Reasons To Buy The Report:
- To identify the main subsegments of the Vegan Cosmetics market to comprehend its structure.
- Identifies describes, and analyses the sales volume, value, market share, competitive market landscape, opportunities and threats, and strategic initiatives for the main worldwide Vegan Cosmetics manufacturers for the next few years.
- To examine the Vegan Cosmetics in terms of specific expected growth, career outlook, and market share contribution.
- Analyze commercial developments in the market, such as market expansions, partnerships, new product development, and mergers.
- To develop a strategic analysis of the main players and a thorough analysis of their strategic planning.
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