Vegan Cosmetics Market Exceeds USD 17 Billion in 2022, Projected to Surge with 7.0% CAGR by 2030

MarkNtel Advisors who is leading market research company, has recently published a research report, titled Global Vegan Cosmetics Market”. The report is estimated historical data, base year and forecast period and the projections are made for the next five years, i.e., 2024-30. The data, facts, and figures are sourced from reliable platforms, including government portals, white papers, and others.

For a better understanding to download a free sample PDF of this study – https://www.marknteladvisors.com/query/request-sample/vegan-cosmetics-market-analysis.html

Market Study Period

Historical Data: 2019-22

Base Year: 2023

Forecast Period: 2024-30

CAGR (2024-2030): 7.0%

Global Vegan Cosmetics Market Insights:

The Global Vegan Cosmetics Market size was valued at USD 17 Billion in 2022 and is projected to grow at a CAGR of around 7.0% during the forecast period, i.e., 2024-30. The report covers each and every aspect of the market in detail, offering actionable insights to the stakeholders. We extensively cover key trends, opportunities, possible challenges, and major growth drivers for the industry. The report also highlights the role and involvement of governments and other relevant factors that promote market growth.

Global Vegan Cosmetics Market Drivers:

Increasing Government Initiatives for Promoting Chemical-Free Cosmetics: The regulatory frameworks for the cosmetics industry have been put in place owing to the rising cruelty towards animals, mounting concerns over skin allergies, and the possibility that some chemical contents within their products could cause long-term health risks. Governments across North America, Europe, & Asia-Pacific have introduced various policies to stop the use of animal-derived ingredients during the production of cosmetics & personal care products. For instance:

  • In June 2021, the Ministry of the United States Senate introduced a bill to modernize safety standards for personal care products, focusing on using natural ingredients in them.

Similarly, many other countries like India, Israel, Brazil, Taiwan, Turkey, South Korea, China, etc., have imposed bans on animal testing for cosmetics. Such initiatives, supported by cosmetic giants like Unilever, L’Oréal, LUSH, Avon, etc., are projected to propel the demand for vegan cosmetics in the respective regions and, in turn, drive the global market in the coming years.

Explore the Complete Vegan Cosmetics Market Analysis Report – https://www.marknteladvisors.com/research-library/vegan-cosmetics-market-analysis.html

Which segments are covered in the Vegan Cosmetics Market Research Report?

  • By Product
    • Skin Care
    • Hair Care
    • Makeup
    • Others (Lip Care, Nail Care, etc.)
  • By Sales Channel
    • E-Commerce
    • Offline Stores
      • Hypermarket/Supermarket
      • Departmental Stores
      • Specialty Stores
      • Others (convenience Stores, Discount Stores, etc.)
  • By Packaging
    • Pumps & Dispensers
    • Compact Cases
    • Jars
    • Pencils & Sticks
    • Tubers
    • Others (Blisters & Strip Packs, Aerosol Cans, etc.)
  • By End User
    • Women
    • Men
    • Kids
  • By Region
    • North America
    • South America
    • Europe
    • Middle East & Africa
    • Asia Pacific

Top 10 Key Brands/Players in the Vegan Cosmetics Market

Our analysts have closely analyzed leading players within the industry, providing stakeholders with valuable insights into the competitive landscape. This enables them to formulate strategic tactics based on the comprehensive data compiled in the report. The information encompasses recent developments, mergers and acquisitions, product/service launches, expansion plans, and revenue-generating opportunities. Notable entities featured in the report include:

  • MuLondon
  • Beauty Without Cruelty
  • Nature’s Gat
  • Billy Gealousy
  • L’Oréal Groupe
  • Mo MI Beauty
  • Emma Jean Cosmetic Inc.
  • Inika
  • Gabriel Cosmetic Inc.
  • Groupe Rocher
  • Pacifica Beauty
  • E.l.f. Cosmetic Inc.
  • Coty Inc.
  • Kose Corp.
  • Natura Interantional Inc.
  • MAV Beatury Brands Inc.
  • The Estee Lauder Co. Inc.
  • Lush Retail Ltd.
  • Debenhams Plc.
  • Charlotte Tilbury Beauty Ltd.

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/vegan-cosmetics-market-analysis.html

Frequently Asked Questions

  1. Which companies dominate the Vegan Cosmetics Market in terms of market share?
  2. What is the projected market size of Vegan Cosmetics Market in 2030?
  3. What key factor is anticipated to propel the Vegan Cosmetics Market by 2030?
  4. How big is the Vegan Cosmetics Market?

Other Reports –

  1. https://plaza.rakuten.co.jp/marketpulse/diary/202401310000/
  2. https://plaza.rakuten.co.jp/marketpulse/diary/202401310001/
  3. https://plaza.rakuten.co.jp/marketpulse/diary/202401300000/
  4. https://plaza.rakuten.co.jp/marketpulse/diary/202401300001/
  5. https://plaza.rakuten.co.jp/marketpulse/diary/202401290000/
  6. https://plaza.rakuten.co.jp/marketpulse/diary/202401290001/

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