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2023 Vegan Cosmetics Global Market | Insights, Industry Outlook, Growing Trends And Top Key Players Include MuLondon, Loreal SA, Beauty Without Cruelty, Nature's Gat, MO MI BEAUTY
Vegan Cosmetics Market
Vegan Cosmetics Market Size, Growth Rate, And Forecast
The global vegan cosmetics market size grew from $15.97 billion in 2022 to $17.37 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vegan cosmetics market size is expected to grow to $22.63 billion in 2027 at a CAGR of 6.8%.
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Vegan Cosmetics Market Drivers
The emerging popularity of veganism is expected to drive the growth of the vegan cosmetic market going forward. Veganism refers to abstaining from using products that are made from animals. A lot of animal abuse and animal cruelty are involved in making cosmetics. Therefore, people have been going vegan and preferring plant-based products to avoid being part of this animal cruelty.
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Vegan Cosmetics Market Segments
• By Product: Skin Care, Hair Care, Color Cosmetics, Other Products
• By Nature: Organic, Conventional
• By Customer Orientation: Women, Men, Unisex, Kids
• By Distribution Channel: Hypermarkets and Supermarkets, Specialty Stores, E-commerce, Other Distribution Channles
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Vegan Cosmetics market.
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Vegan Cosmetics Market Key Players
Major competitors in the Vegan Cosmetics market include MuLondon, Loreal SA, Beauty Without Cruelty, Nature's Gat, MO MI BEAUTY, Eyes Lips Face, COTY Company, Gabriel Cosmetics Inc., Groupe Rocher, Pacifica Beauty, Billy Jealousy, Zuzu Luxe, Emma Jean Cosmetics
The Business Research Company's "Global Vegan Cosmetics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Vegan Cosmetics Market Include:
1. Executive Summary
2. Vegan Cosmetics Market Characteristics
3. Vegan Cosmetics Market Trends And Strategies
4. Vegan Cosmetics - Macro Economic Scenario
5. Vegan Cosmetics Market Size And Growth
………..
28. Key Mergers And Acquisitions In The Vegan Cosmetics Market
29. Vegan Cosmetics Market Future Outlook and Potential Analysis
30. Appendix
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