December 6th, 2022
Global Vegan Cosmetics Market size was valued at USD 17.42 Billion in 2021 and is projected to reach USD 25.51 Billion by 2028, growing at a CAGR of 5.6% from 2022 to 2028.
Vegan cosmetics are free of any animal product and its derivatives. The traditional components of animal origin such as honey, beeswax, lanolin, collagen, elastin, etc. They are replaced by others of vegetable or mineral origin. Vegan populations have a great need and popularity for vegan cosmetics. The vegan skin care, hair care, makeup, and color cosmetics come in a wide variety of designs and are readily available on the market.Since the 1970s, animal testing has been a major ethical concern for the public when it comes to the use of animals in the cosmetics business. Large-scale public awareness campaigns have been ongoing for many years and have contributed to product reviews, development of new methods, and preservation of animal life. Consumers need to worry about more than just the animals used for testing, as cosmetic and toiletries supplies often contain items made from animals, such as sheep, insects, beavers, and even whales. However, globally, there was a 175% growth in vegan cosmetics launches between 2014 and 2019. According to estimates, more than 80% of new vegan products introduced in the UK in 2020 were in the beauty area.
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To recap, the report's writers examined the Vegan Cosmetics market through several segmentations, followed by an in-depth study of the industry supply and sales channel, including upstream and downstream fundamentals, to help firms efficiently roll out their goods and solutions to the market. This in-depth market analysis employs a variety of technologies to examine data from numerous primary and secondary sources. It can assist investors to find scope and possibilities by providing insight into the market's development potential. The report also goes over each section of the global Vegan Cosmetics market in detail. The analysts thoroughly researched the market and created key segmentation such as product type, application, and geography. The market share, growth potential, and CAGR of each segment and its sub-segments are also examined. Each market category provides in-depth quantitative and qualitative market perspective information.
Top Key Players of The Vegan Cosmetics Market:
· Bare Blossom (Canada)
· PHB Ethical Beauty Ltd (U.K.)
· Billy Jealousy (U.S.)
· Ecco Bella(US)
· Emma Jean Cosmetics (U.S.)
· Modern Minerals Makeup (US)
· MuLondon Organic (UK)
· Nature’s Gate (India)
· Pacifica (US)
· Nutriglow Cosmetics (India)
· GABRIELCOSMETICS (U.S.)
· Natur'Alley Ltd (Japan)
· GoNature Sp. z o.o. (Poland)
· Seraphine Botanicals (U.S)
· Plum (India)
· Disguise Cosmetics (India)
· COTY INC. (U.S.)
· G&M Cosmetics (Australia), and Other Major Players.
Analysis of the impact of Covid-19 on the vegan cosmetics market
The COVID-19 disaster has affected the beauty industry globally, which includes skin care, color cosmetics, hair care, perfumes, and personal care. There have been numerous store closings and dismal sales in the first quarter. However, as consumers look to shift their consumption habits beyond food, the ongoing pandemic and climate catastrophe have increased demand for topical and ingestible vegan cosmetics. Most vegan cosmetics have been placed in the category of non-essential goods due to new physical distancing regulations and global lockdown measures. The COVID-19 epidemic is forcing the vegan cosmetics industry to reevaluate its current business practices.
Segmentation of The Vegan Cosmetics Market:
· Skin Care
· Hair Care
· Other Products
By Distribution Channel
· Specialty Stores
· Departmental Stores
· Other Distribution Channels
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of SA)
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Industry experts have identified key factors influencing the pace of development of the Vegan Cosmetics industry, including various opportunities and gaps. A thorough analysis of the Vegan Cosmetics Market for the growth trends of each category makes the overall study interesting. When studying the market, researchers also dig deep into their future prospects and their contribution to the industry. Additionally, the research report evaluated the market key players and features, such as capacity utilization rate comprised of revenue.
Key Reasons To Invest In Vegan Cosmetics Market Report:
· To understand the global Vegan Cosmetics Market competition by analyzing the top business people along with market profiles, import/export details, revenue, profit, and market shares.
· Indicate pricing structure, import/export details, supply chain analysis, and SWOT analysis to facilitate the key decision-making process.
· Analysing emerging Vegan Cosmetics Market segments and sub-segments to drive ultimate growth, investment analysis, and future growth opportunities.
· Understand sources of knowledge, intended research methodology, and important conclusions.
Table Of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Product
3.2 By Distribution Channel
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Vegan Cosmetics Market by Product
5.1 Vegan Cosmetics Market Overview Snapshot and Growth Engine
5.2 Vegan Cosmetics Market Overview
5.3 Skin Care
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Skin Care: Grographic Segmentation
To Be Continued………
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