According to the latest report from the IMARC group, entitled “Vegan Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global vegan cosmetics market is expected to grow at a CAGR of 6.2% during the period 2022-2027. The report provides detailed market analysis by region, product type and distribution channel. Additionally, the report analyzes the competitive landscape of the market.
Base year: 2021
Forecast year: 2022-2027
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Vegan Cosmetics Market Industry Definition and Application:
Vegan cosmetics refers to the variety of organic beauty products that usually include plant extracts and eco-friendly derivatives. These products are cruelty-free as they do not involve any harmful chemical testing on animals or animal by-products. Vegan cosmetics are rich in vitamins, minerals, antioxidants, gelatin, collagen, etc. These beauty products offer many advantages over chemical-based cosmetics to reduce skin acne, improve skin health with toxin-free ingredients, maintain skin nutrition, and more. Therefore, vegan cosmetics are widely available in the form of eye cosmetics, nail makeup products, facial beauty products, hair styling and coloring products, etc.
To note: We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Vegan Cosmetics Market Market Trends and Drivers:
The growing prevalence of several skin-related disorders is primarily driving the vegan cosmetics market. Additionally, growing health concerns regarding the negative impact of petroleum-based cosmetic ingredients and the widespread adoption of veganism are further catalyzing the market growth. Apart from this, the launching of various favorable policies by government bodies across the countries to minimize unethical activities and cruelty to animals while manufacturing beauty products acts as another major growth factor. . Moreover, the introduction of vegan men’s toiletries and the growing number of celebrity endorsements for promoting the use of vegan cosmetics are also positively influencing the global market. Additionally, the emergence of e-commerce platforms offering lucrative discounts, door-to-door delivery, secure payment gateways, etc., is expected to fuel the vegan cosmetics market over the forecast period.
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Vegan Cosmetics Market Segmentation:
The report has segmented the market based on region, product type and distribution channel.
Breakdown by product type:
- Skin care
- Hair care
- To put on makeup
Breakdown by distribution channel:
- Supermarkets and Hypermarkets
- convenience stores
- Specialty stores
- Online stores
Breakdown by region:
- North America: (United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who Are the Major Market of Vegan Cosmetics Market Key players?
The report provides a detailed analysis of market leaders including.
Arbonne International LLC (Yves Rocher), Billy Jealousy LLC, Coty Inc. (Cottage Holdco BV), Debenhams Retail Ltd. (Celine Jersey Topco Limited), Gabriel Cosmetics Inc., Kosé Corporation, L’Oréal SA, Lush Retail Ltd., MuLondon Ltd. and Shiseido Company Limited.
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