The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Vegan Cosmetics Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Vegan Cosmetics Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Vegan Cosmetics Market size was valued at USD 17 Billion in 2022 and is projected to grow at a CAGR of around 7.0% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Vegan Cosmetics Market Segmentation?
The report has segmented the market into the following categories:
By Product
- Skin Care
- Hair Care
- Makeup
- Others (Lip Care, Nail Care, etc.)
Of them all, the vegan cosmetics market is anticipated to witness notable growth within the skincare segment during 2024-30. Skin allergies are a critical concern associated with chemicals present in animal-based cosmetic products. As a result, consumers are gravitating towards vegan skincare products, owing to which sunscreens & lotions with natural ingredients that exhibit superior benefits like healing ailments, soothing skin, etc., are gaining traction in the market. To capitalize on this opportunity, many cosmetic manufacturing companies worldwide are incorporating vegan skincare products into their product offerings in order to expand their consumer base.
By Sales Channel
- E-Commerce
- Offline Stores
- Hypermarket/Supermarket
- Departmental Stores
- Specialty Stores
- Others (convenience Stores, Discount Stores, etc.)
By Packaging
- Pumps & Dispensers
- Compact Cases
- Jars
- Pencils & Sticks
- Tubers
- Others (Blisters & Strip Packs, Aerosol Cans, etc.)
By End User
- Women
- Men
- Kids
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia Pacific
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Key Factor Driver Vegan Cosmetics Industry Growth by 2030
Increasing Government Initiatives for Promoting Chemical-Free Cosmetics: The regulatory frameworks for the cosmetics industry have been put in place owing to the rising cruelty towards animals, mounting concerns over skin allergies, and the possibility that some chemical contents within their products could cause long-term health risks. Governments across North America, Europe, & Asia-Pacific have introduced various policies to stop the use of animal-derived ingredients during the production of cosmetics & personal care products. For instance:
Who are the Key Players Operating in the Vegan Cosmetics Industry?
The top companies of the Vegan Cosmetics market ruling the industry are:
- MuLondon
- Beauty Without Cruelty
- Nature’s Gat
- Billy Gealousy
- L’Oréal Groupe
- Mo MI Beauty
- Emma Jean Cosmetic Inc.
- Inika
- Gabriel Cosmetic Inc.
- Groupe Rocher
- Pacifica Beauty
- E.l.f. Cosmetic Inc.
- Coty Inc.
- Kose Corp.
- Natura Interantional Inc.
- MAV Beatury Brands Inc.
- The Estee Lauder Co. Inc.
- Lush Retail Ltd.
- Debenhams Plc.
- Charlotte Tilbury Beauty Ltd.
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the Vegan Cosmetics Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the Vegan Cosmetics industry?
- Which is the Leading segment in the market?
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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