According to the latest report from IMARC Group, entitled “Vegan Cosmetics Market Share: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecasts 2021-2026”, supplying the global vegan cosmetics market has grown at a CAGR of 7% over the 2014-2019 period and expects the global vegan cosmetics market to continue to grow moderately for the next five years. The report provides a detailed analysis of the market by region, product type and distribution channel. Additionally, the report analyzes the competitive landscape of the market.
Base year: 2020
Forecast year: 2021-2026
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Definition and application of the vegan cosmetics market:
Vegan cosmetics are plant-based beauty products that are considered cruelty free as they do not involve animal by-products or harmful chemical tests on animals. They contain naturally extracted minerals, vitamins, antioxidants, gelatin and collagen. Vegan cosmetics include various products, ranging from eye cosmetics, nail makeup products, facial beauty products, hair styling and coloring products.
Note: We are regularly monitoring the direct effect of COVID-19 on the market, together with the indirect influence of associated industries. These observations will be incorporated into the report.
Vegan cosmetics market Market Trends and Drivers:
The global vegan cosmetics market is primarily driven by the growing awareness of the negative impact of petroleum-based cosmetic ingredients. Vegan cosmetics help maintain skin nourishment, reduce acne and improve skin health with toxin-free ingredients. In addition to this, the implementation of strict regulations to reduce unethical activities and the ban on animal cruelty during the production of beauty products has also intensified the demand for certified vegan beauty products. The growing number of celebrity endorsements for promoting vegan beauty products, the growing influence of beauty trends on social media, and the emergence of e-commerce platforms are some of the other factors that encourage consumers to use vegan cosmetics.
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Segmentation of the vegan cosmetics market:
The report segmented the market based on region, product type and distribution channel.
Breakdown by product type:
- Skin care
- Hair care
Breakdown by distribution channel:
- Supermarkets and Hypermarkets
- Convenience store
- Specialized shops
- Online shops
Breakdown by region:
- North America 🙁 United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, UK, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the main markets of the vegan cosmetics market Key players?
The report provides a detailed analysis of the market leaders, including.
Arbonne International LLC (Yves Rocher), Billy Jealousy LLC, Coty Inc. (Cottage Holdco BV), Debenhams Retail Ltd. (Celine Jersey Topco Limited), Gabriel Cosmetics Inc., Kosé Corporation, L’Oréal SA, Lush Retail Ltd., MuLondon Ltd. and Shiseido Company Limited.
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IMARC’s information products include important market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and new processing methods are at the pinnacle of the company’s expertise.
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