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Vegan Cosmetics Market Expected to Rise at 6% CAGR during 2023-2028

09-19-2023 12:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Vegan Cosmetics Market Report 2023

Vegan Cosmetics Market Report 2023

IMARC Group, a leading market research company, has recently releases report titled "Vegan Cosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the global vegan cosmetics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

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 beauty and skincare products formulated without the use of any animal-derived ingredients or by-products. These products solely rely on plant-based or synthetic ingredients that mimic the functions of animal-based elements commonly found in conventional cosmetics. Vegan cosmetics also typically exclude testing on animals, aligning with a broader ethical stance. The range of products in this category spans from makeup items like lipsticks and eyeliners to skincare essentials such as moisturizers and cleansers. The aim is to offer consumers an ethical alternative that ensures both personal beauty and the well-being of animals are considered. As a result, vegan cosmetics are gaining immense traction across the globe, especially among the younger generation, who are increasingly conscious of their consumer choices.

Request for a sample copy of this report: https://www.imarcgroup.com/vegan-cosmetics-market/requestsample

What are the growth prospects and trends in the vegan cosmetics industry?

The global vegan cosmetics market is primarily driven by the rising consumer awareness about ethical and cruelty-free products and the increasing concerns for animal welfare. Moreover, the growing influence of social media and celebrity endorsements play a crucial role in promoting vegan cosmetics to a wider audience. Along with this, the advent of innovative products that offer comparable or superior quality and effectiveness to traditional cosmetics is attracting a broader consumer base, thus fueling market growth. In addition, regulations against animal testing in cosmetics, particularly in regions like Europe, further propel the market growth. Besides this, the emergence of eco-friendly packaging solutions in the vegan cosmetics sector resonates with the consumer demand for sustainable practices, adding another layer of appeal and supporting market growth.

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.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=2760&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Contact US

IMARC Group

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USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

About Us

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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