MarkNtel Advisors recently published a detailed industry analysis of the Global Vegan Cosmetics Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Vegan Cosmetics, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The 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.
Key Findings in Global Vegan Cosmetics:
- Historical Analysis: 2019–2022
- Base Year: 2023
- Forecast Period: 2024–2030
Leading Market Players-
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
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Vegan Cosmetics industry?
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.
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What segments define the Global Vegan Cosmetics Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Product
- Skin Care
- Hair Care
- Makeup
- Others (Lip Care, Nail Care, etc.)
According to report, Of them all, the vegan cosmetics market is anticipated to witness notable growth within the skincare segment during 2024-30.
By Sales Channel
- E-Commerce
- Offline Stores
- Hypermarket/Supermarket
- Departmental Stores
- Specialty Stores
- Others (convenience Stores, Discount Stores, etc.)
According to report, Here, E-commerce is expected to attain a sizeable revenue share in the Vegan Cosmetics Market during 2024-30.
By Packaging
- Pumps & Dispensers
- Compact Cases
- Jars
- Pencils & Sticks
- Tubers
- Others (Blisters & Strip Packs, Aerosol Cans, etc.)
By End User
- Women
- Men
- Kids
Explore the Complete Global Vegan Cosmetics Market Analysis Report – https://www.marknteladvisors.com/research-library/vegan-cosmetics-market-analysis.html
Geographical Analysis: Global Vegan Cosmetics Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Vegan Cosmetics Industry Recent Development:
- In April 2024, L’Oréal announced that it had signed an agreement with Natura &Co to acquire A?sop, the Australian luxury beauty brand.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global Vegan Cosmetics?
- How is the Global Vegan Cosmetics expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/vegan-cosmetics-market-analysis.html
Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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