June 25, 2024

Global Vegan Cosmetics Industry Is Anticipated To Surpass USD 25.51 Billion By The End Of 2028| Report By Introspective Market Research

Vegan Cosmetics Market

Global Vegan Cosmetics Market size was valued at USD 17.42 Billion in 2021 and is projected to reach USD 25.51 Billion by 2028, growing at a CAGR of 5.6% from 2022 to 2028.the analysis period 2023-2030

Vegan cosmetics are free of any animal products and their byproducts. Traditional animal-derived components like honey, beeswax, lanolin, collagen, elastin, etc. are swapped out with ones made from plants or minerals. Vegan populations have a huge need for and popularity with vegan cosmetics. Vegan skincare, hair care, makeup, and color cosmetics come in a wide variety of designs and are readily available on the market.

 Key Players Covered In The Vegan Cosmetics Market Are:

Arbonne(U.S.),Bare Blossom (Canada),PHB Ethical Beauty Ltd (U.K.),Billy Jealousy (U.S.),Ecco Bella(US),Emma Jean Cosmetics (U.S.),Modern Minerals Makeup (US),MuLondon Organic (UK),Nature’s Gate (India),Pacifica (US),Nutriglow Cosmetics (India),GABRIELCOSMETICS (U.S.),Natur’Alley Ltd (Japan),GoNature Sp. z o.o. (Poland),Seraphine Botanicals (U.S),Plum (India),Disguise Cosmetics (India),COTY INC. (U.S.),G&M Cosmetics (Australia), and Other Major Players.

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Introspective Market Research offers comprehensive market research studies, providing valuable insights and strategic guidance to businesses worldwide. We ensure reliability and accuracy in our reports for informed decision-making.

The Vegan Cosmetics market research study ensures the highest level of accuracy and reliability as we precisely examine the overall industry, covering all the market fundamentals. By leveraging a wide range of primary and secondary sources, we establish a strong foundation for our findings. Industry-standard tools like Porter’s Five Forces Analysis, SWOT Analysis, and Price Trend Analysis further enhance the comprehensiveness of our evaluation.

Market Segmentation

By Product Type, Vegan Cosmetics has been segmented into:

  • Skin Care
  • Hair Care
  • Makeup
  • Other Products

By Distribution Channel, Vegan Cosmetics has been segmented into:

  • Hypermarkets/Supermarkets
  • e-Commerce
  • Specialty Stores
  • Departmental Stores
  • Other Distribution Channels

Global Vegan Cosmetics Segmented By Region:

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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Covid-19 Impact Analysis On Vegan Cosmetics Market

The COVID-19 disaster has upset the worldwide beauty sector, which includes skin care, color cosmetics, hair care, perfumes, and personal care. There have been numerous store closings and dismal first-quarter sales. However, as consumers seek to change their consumption habits beyond food, the pandemic and ongoing climate catastrophe have increased the demand for vegan topical and ingestible cosmetics. The majority of vegan cosmetics fell under the category of non-essential goods due to the new physical distance regulations and global lockdown measures.

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