IMARC Group, a leading market research company, has recently releases report titled “Vegan Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global vegan cosmetics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the vegan cosmetics market?
The global vegan cosmetics market is expected to exhibit a growth rate (CAGR) of 6% during 2023-2028
What are vegan cosmetics?
Vegan cosmetics are made from plant- and mineral-based ingredients like aloe vera, essential oils, seaweed, and chamomile. Asthey do not contain animal-based derivates and aid in reducing acne, improving skin health, and providing skin nourishment,vegan cosmetics are gaining traction across the globe.
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What are the growth prospects and trends in the vegan cosmetics industry?
The increasing adoption of veganism represents one of the primary factors positively influencing the sales of vegan cosmetics around the world. Apart from this, there is a growing prevalence of skin-related disorders on account of several factors like environmental conditions. This, in confluence with the considerably rising awareness among individuals about cruelty-free beauty products, isstrengthening the market growth. Furthermore, leading cosmetics manufacturers are focusing on lowering dependence on petroleum-based products by manufacturing vegan product variants. Moreover, thesignificantly growing influence of social media and the rising number of celebrity endorsements for promoting the utilization of vegan cosmeticsare strengthening the market growth. Besides this, the market is also driven by increasing e-commerce platforms offering discounts, secured payment getaways, and doorstep delivery worldwide.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Skin Care
- Hair Care
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Arbonne International LLC (Yves Rocher)
- Billy Jealousy LLC
- Coty Inc. (Cottage Holdco B.V.)
- Debenhams Retail Ltd. (Celine Jersey Topco Limited)
- Gabriel Cosmetics Inc.
- Kosé Corporation
- L’Oréal S.A.
- Lush Retail Ltd.
- MuLondon Ltd.
- Shiseido Company Limited.
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