Press release
Vegan Cosmetics Market Size, Trends and Forecast 2023-2028
Vegan Cosmetics Market Report 2023
Report Highlights
How big is the vegan cosmetics market?
The global vegan cosmetics market is expected to exhibit a growth rate (CAGR) of 6% during 2023-2028
What are vegan cosmetics?
Vegan cosmetics are made from plant- and mineral-based ingredients like aloe vera, essential oils, seaweed, and chamomile. Asthey do not contain animal-based derivates and aid in reducing acne, improving skin health, and providing skin nourishment,vegan cosmetics are gaining traction across the globe.
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What are the growth prospects and trends in the vegan cosmetics industry?
The increasing adoption of veganism represents one of the primary factors positively influencing the sales of vegan cosmetics around the world. Apart from this, there is a growing prevalence of skin-related disorders on account of several factors like environmental conditions. This, in confluence with the considerably rising awareness among individuals about cruelty-free beauty products, isstrengthening the market growth. Furthermore, leading cosmetics manufacturers are focusing on lowering dependence on petroleum-based products by manufacturing vegan product variants. Moreover, thesignificantly growing influence of social media and the rising number of celebrity endorsements for promoting the utilization of vegan cosmeticsare strengthening the market growth. Besides this, the market is also driven by increasing e-commerce platforms offering discounts, secured payment getaways, and doorstep delivery worldwide.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
Skin Care
Hair Care
Makeup
Others
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
Others
Breakup by Region:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Arbonne International LLC (Yves Rocher)
Billy Jealousy LLC
Coty Inc. (Cottage Holdco B.V.)
Debenhams Retail Ltd. (Celine Jersey Topco Limited)
Gabriel Cosmetics Inc.
Kosé Corporation
L'Oréal S.A.
Lush Retail Ltd.
MuLondon Ltd.
Shiseido Company Limited.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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