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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Vegan Cosmetics Market Outlook
The global vegan cosmetics market will grow by USD 5.16 billion at a CAGR of around 6.5% during the forecast period of 2024-2032. The cosmetics sector is inherently extremely competitive and needs top-performing products that achieve the highest rates of innovation and efficiency.
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Growing environmental awareness has driven several businesses to prevent the use of raw materials extracted from animals by creating identical natural resources and exceeding standard resource performance. The increasing activities in the field of research and development are expected to assist the vegan cosmetics market gain tremendous traction during the forecast period.
Global Vegan Cosmetics Market Segmentation
Vegan cosmetic products involve the use of natural ingredients such as aloe vera, vital oils, seaweed, and chamomile to improve body health and decrease acne, dark circles, and other skin defects. In addition, vegan cosmetics have anti-aging characteristics and are of particular benefit to delicate skin. The vegan cosmetics market can be segmented based on its product type and sales channel.
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Based on its product type, the vegan cosmetics market is segmented into:
- Skin care
- Hair care
- Makeup
- Others
Based on its sales channel, the vegan cosmetics market has been segmented into e-commerce, hypermarkets/supermarkets, departmental store, speciality stores, and others.
The EMR report looks into the regional vegan cosmetics markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Global Vegan Cosmetics Market Analysis
The rising consumer awareness regarding cruelty-free brands, along with the increased knowledge of the harmful effects of chemical and animal-based products, has resulted in the increased demand for vegan cosmetic products. In some developed countries such as Europe, the use of animal products like hair, fur, and others is prohibited, thus, aiding the industry for vegan cosmetics. Increasing focus on the health and safety of consumers and the growing demand for environmentally sustainable products are likely to aid the industry for vegan cosmetics in the forecast period.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global vegan cosmetics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- New Earth Beauty LLC (Ecco Bella)
- The Vegan Box
- Emma Jean Cosmetics, INC.
- Urban Decay
- Arbonne International, LLC
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global vegan cosmetics market is expected to grow at a CAGR of about 6.5% in the forecast period of 2024-2032.
The major drivers of the market, such as rising disposable incomes, increasing population, and growing environmental awareness, are expected to aid the industry growth.
The increasing activities in the field of research and development is expected to define the market in the coming years.
North America, Latin America, Middle East and Africa, Europe, and Asia Pacific are the major regions in the market.
The leading product segments for the market are skin care, hair care, and makeup, among others.
The significant sales channels in the market are e-commerce, hypermarkets/supermarkets, departmental stores, and speciality stores, among others.
The major players in the market are New Earth Beauty LLC (Ecco Bella), The Vegan Box, Emma Jean Cosmetics, INC., Urban Decay, Arbonne International, LLC, Others.
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