Global Vegan Cosmetics Market Business Strategies and Massive Demand by 2023-28 Market Share | Revenue and Forecast

Global Vegan Cosmetics Market Insights:

The Global 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., 2023-28. The market dynamics have been predominantly influenced by the shifting consumer preferences toward natural & clean-label products owing to the negative impact of animal-derived products on health, environment, & animal welfare, coupled with the increasing Green House Gas (GHG) emissions.

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Global Vegan Cosmetics Market Definition:

Vegan cosmetics are products that do not contain any animal-derived ingredients or by-products, are cruelty-free, and are made from plant-based sources. They may contain various beneficial compounds like vitamins and antioxidants, but their vegan status is not determined by the presence of these elements.

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Global Vegan Cosmetics Market Possible Restraint:

Lack of Enough Awareness about Vegan Cosmetic Products: The overall prevalence of cosmetic products is increasing among both males & females. However, the associated awareness regarding the beneficial properties of vegan beauty products is not present widely. Additionally, significant health risks caused by using chemical cosmetics, especially in developing & underdeveloped countries of Asia-Pacific, Middle East & Africa, & Latin America, might hinder the market growth across these regions. Besides, the lower availability & higher costs of these cosmetic products are also considerable growth challenges for the global vegan cosmetics market during 2023-28.

Global Vegan Cosmetics Market Segmentation:

1. By Product

• Skin Care
• Hair Care
• Makeup
• Others (Lip Care, Nail Care, etc.)

2. By Sales Channel

• E-Commerce
• Offline Stores

3. By Packaging

• Pumps & Dispensers
• Compact Cases
• Jars
• Pencils & Sticks
• Tubers
• Others (Blisters & Strip Packs, Aerosol Cans, etc.)

4. By End User

• Women
• Men
• Kids

Global Vegan Cosmetics Market Geographically Analysis:

5. By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia Pacific

Global Vegan Cosmetics Leading Companies:

• 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
• 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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