Vegan Cosmetics Market

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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