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.
Vegan cosmetics market research includes a thorough competitor study analysis and SWOT analysis. According to the market study, report covers key players market share and global impression through collaborations, mergers and acquisitions, joint ventures, partnerships, agreements and product launches. The research examines macroeconomic and microeconomic variables that may affect market demand and growth. The research reports covers COVID-19 impact on current market position as well as regional analysis for future growth. The market size, share, production, revenue, production, gross margin, pricing, and market-influencing factors are all covered in research report. The market research report is in-depth examined for the relevant time frame.
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Report Scope:
| Report Attribute | Details |
| Market Size In 2021 | USD 17.42 Billion |
| Market Size in 2028 | USD 25.21 Billion |
| CAGR Growth Rate | 5.6 %. |
| Base Year | 2021 |
| Forecast Period | 2022 to 2028 |
Leading Key Players:
- 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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Market Dynamics and Factors:
Drivers:
- Veganism Will Eventually Proliferate in the Cosmetic Industry
Restraints:
- Hidden Dangers Behind Popular Vegan Beauty Products Hampered Market
Opportunities:
- Cruelty-Free Cosmetics Products
Market Segment by Product:
- Skin Care
- Hair Care
- Makeup
- Other Products
Market Segment by Distribution Channel:
- Hypermarkets/Supermarkets
- e-Commerce
- Specialty Stores
- Departmental Stores
- Other Distribution Channels
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Market Segment 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)
Key Industry Development In The Vegan Cosmetics Market
In November 2021, A South Korean consumer goods company, LG Household & Health Care Ltd, added seven new items to their vegan makeup product lineup for the Belif x VDL brand. The business promotes its brand’s products as having vegan certification from the Korea Agency of Vegan Certification and Services.
In January 2021, On Christmas, Elf announced this launch in India, and on January 8th, 2021, it happened. The company sells a variety of items, from skincare to different kinds of makeup. Their entire line, including their beauty brushes, is vegan. Animal fur, mostly from minks, is used to manufacture the majority of beauty brushes on the market.
Table of Contents
Chapter 1: Introduction
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: Market by Type
Chapter 6: Market by Application
Chapter 7: Market by End-User
Chapter 8: Company Profiles and Competitive Analysis…. to be continued
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Key Benefits of Global Market Research Report:
- Market Segmented by Types, Applications, Regions, and key players
- Potential Market Drivers. restraints, opportunities and challenges in the study
- Recent Key industry news, developments and trends
- Leading Competitive landscape & strategies of industry players
- Research coves market historical, current, and projected market size and share value
- In-depth analysis of market in terms of sales, price, revenue, market share, and growth rate
- Research covers the porter analysis Bargaining Power of Suppliers and consumers, Threats of New Entrants, Substitute Product and Services
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