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Vegan Cosmetics Market Still Has Room to Grow | Arbonne, Bare Blossom
Vegan Cosmetics Market
Global Vegan Cosmetics Market size was valued at USD 19.43 Billion in 2023 and is projected to reach USD 31.73 Billion by 2032, growing at a CAGR of 5.6% from 2024 to 2032
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Vegan cosmetics do not contain any animal-derived ingredients or their byproducts. Conventional animal-based ingredients such as honey, beeswax, lanolin, collagen, elastin, and others are replaced with those sourced from plants or minerals. Vegan communities have a significant demand for and interest in vegan beauty products. Vegan skincare, hair care, makeup, and color cosmetics are available in numerous styles and can be easily found in the market.
Since the 1970s, the use of animals in the cosmetics industry has raised significant ethical issues for the public regarding animal testing. Extensive public awareness initiatives have been in progress for several years and have aided in improving products, creating innovative techniques, and safeguarding animal life. Consumers need to be concerned about more than only the animals used in testing, as many cosmetic and toiletry products frequently include ingredients derived from animals such as sheep, insects, beavers, and even whales.
Some of the Top Leading Key Players:
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.
Segmentation Analysis of the Vegan Cosmetics Market:
By Product:
Skin Care
Hair Care
Makeup
Other Products
By Distribution Channel:
Hypermarkets/Supermarkets
e-Commerce
Specialty Stores
Departmental Stores
Other Distribution Channels
Vegan Cosmetics Market Trend Analysis:
Veganism Will Eventually Proliferate in the Cosmetic Industry.
Hidden Dangers Behind Popular Vegan Beauty Products Hampered Market.
Cruelty-Free Cosmetics Products
Key Industry Developments in the Vegan Cosmetics Market:
In November 2021, A South Korean consumer goods company, LG Household & Health Care Ltd, added seven new items to their vegan makeup product lineup for the Belif x VDL brand. The business promotes its brand's products as having vegan certification from the Korea Agency of Vegan Certification and Services.
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Regional Analysis
As consumers become more aware of the harmful impacts of certain ingredients, like parabens and aluminum compounds present in skincare, hair care, and deodorants, the demand for natural and organic products has surged across Europe.
The Asia Pacific is expected to experience the highest growth during the forecast period. Emerging markets in Asia are likely to encourage the arrival of new competitors soon. Furthermore, recent trends in the industry indicate a lucrative business opportunity for both well-known and emerging brands in Asian countries.
Geographically, the distinctive analysis of consumption, revenue, market share, and growth rate of the subsequent areas:
North America (U.S., Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, 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, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)
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Gain Insight into Competitors' Financial Metrics: Acquire detailed insights into competitors' financial performance, including sales, revenue, and profitability metrics.
Benchmark Against Key Competitors: Use benchmarking to compare your business's performance against leading competitors, identifying areas for improvement and potential competitive advantages.
Formulate Region-Specific Growth Strategies: Develop geographically tailored strategies to capitalize on local market conditions and consumer preferences, driving targeted business growth in key regions.
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Strategic Points Covered in Table of Content of Vegan Cosmetics Market:
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Growth Opportunities By Segment
Chapter 5: Market Landscape
Chapter 6: Vegan Cosmetics Market By Product Type (2017-2032)
Chapter 7: Vegan Cosmetics Market By Material (2017-2032)
Chapter 8: Vegan Cosmetics Market By Mounting Type (2017-2032)
Chapter 9: Vegan Cosmetics Market By Application (2017-2032)
Chapter 10: Vegan Cosmetics Market By Distribution Channel (2017-2032)
Chapter 11: Vegan Cosmetics Market By End-User (2017-2032)
Chapter 12: Company Profiles And Competitive Analysis
Chapter 13: Global Vegan Cosmetics Market By Region
Chapter 14: Investment Analysis
Chapter 15: Analyst Viewpoint And Conclusion
Chapter 16: Investment Analysis
Chapter 17: Analyst Viewpoint And Conclusion
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