Vegan Cosmetics Market Size, Growth Rate and Industry Insights 2024-2031 | Top Major Companies likes - GABRIEL COSMETICS, PHB Ethical Beauty Ltd., Natur'Alley Ltd, GoNature Sp. z.o.o, Seraphine Botanicals, Nutriglow Cosmetics

Global vegan cosmetics market reached USD 11.7 billion in 2022 and is expected to reach USD 18.9 billion by 2030, growing with a CAGR of 6.2% during the forecast period 2024-2031.

Vegan Cosmetics Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Vegan cosmetics are beauty and personal care products formulated without any animal-derived ingredients or by-products and are often cruelty-free, meaning they are not tested on animals. Popular among ethically conscious consumers, these products range from skincare to makeup and align with sustainable and compassionate lifestyle choices.

List of the Key Players in the Vegan Cosmetics Market:

GABRIEL COSMETICS, PHB Ethical Beauty Ltd., Natur'Alley Ltd, GoNature Sp. z.o.o, Seraphine Botanicals, Nutriglow Cosmetics, Plum, Disguise Cosmetics, COTY Inc. and G&M Cosmetics.

Industry Development:

In February 2023, celebrity co-founders Daniella Monet and Evanna Lynch launched Kinder Beauty's first vegan skincare line with three serums. In September 2022, Stella McCartney introduced STELLA, a toxin-free, vegan skincare line with a sustainable, fashion-forward appeal. In August 2022, OrgaGlo entered India's personal care market with vegan skin and hair care products made from premium natural ingredients.

Growth Forecast Projected:

The Global Vegan Cosmetics Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Vegan Cosmetics Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Vegan Cosmetics Market:

By Type: Skin Care, Hair Care, Make Up, Others

By Distribution Channel: E-Commerce, Hypermarkets/Supermarkets, Departmental Stores, Specialty Stores, Others

Regional Analysis for Vegan Cosmetics Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Vegan Cosmetics market?

➠ Who are the leading manufacturers in the global Vegan Cosmetics industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Vegan Cosmetics industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Vegan Cosmetics market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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