MarkNtel Advisors recently published a detailed industry analysis of the Global Vegan Cosmetics. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Vegan Cosmetics Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The 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.
What are the major Driver the Global Vegan Cosmetics industry?
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:
- In June 2021, the Ministry of the United States Senate introduced a bill to modernize safety standards for personal care products, focusing on using natural ingredients in them.
Similarly, many other countries like India, Israel, Brazil, Taiwan, Turkey, South Korea, China, etc., have imposed bans on animal testing for cosmetics. Such initiatives, supported by cosmetic giants like Unilever, L'Oréal, LUSH, Avon, etc., are projected to propel the demand for vegan cosmetics in the respective regions and, in turn, drive the global market in the coming years.
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What segments define the Global Vegan Cosmetics from 2024 to 2030? How do these segments contribute to market dynamics and growth?
- By Product
- Skin Care
- Hair Care
- Makeup
- Others (Lip Care, Nail Care, etc.)
According to report, Of them all, the vegan cosmetics market is anticipated to witness notable growth within the skincare segment during 2024-30.
- By Sales Channel
- E-Commerce
- Offline Stores
- Hypermarket/Supermarket
- Departmental Stores
- Specialty Stores
- Others (convenience Stores, Discount Stores, etc.)
According to report, Here, E-commerce is expected to attain a sizeable revenue share in the Vegan Cosmetics Market during 2024-30.
- By Packaging
- Pumps & Dispensers
- Compact Cases
- Jars
- Pencils & Sticks
- Tubers
- Others (Blisters & Strip Packs, Aerosol Cans, etc.)
- By End User
- Women
- Men
- Kids
Explore the Complete Global Vegan Cosmetics Analysis Report –
https://www.marknteladvisors.com/research-library/vegan-cosmetics-market-analysis.html
Geographical Analysis: Global Vegan Cosmetics
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Global Vegan Cosmetics Share & Competitive Landscape:
The Vegan Cosmetics Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Vegan Cosmetics 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.
Global Vegan Cosmetics Industry Recent Development
- In April 2024, L’Oréal announced that it had signed an agreement with Natura &Co to acquire A?sop, the Australian luxury beauty brand.
Questions Addressed in this Study
1.What factors are driving the Global Vegan Cosmetics growth?
2.How is the Global Vegan Cosmetics expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Vegan Cosmetics?
4.What is the current size of the Global Vegan Cosmetics, and how is it projected to change in the future?
6.What is the future outlook for the Global Vegan Cosmetics in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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