Vegan Cosmetics Market to Reach USD 27.02 billion with an 7.02% CAGR

Market Analysis and Insights : Global Vegan Cosmetics Market

The vegan cosmetics market is expected to be growing at a growth rate of 7.02% in the forecast period of 2022 to 2029 and is likely to reach the USD 27.02 billion by 2029.

Vegan cosmetics are those which are free of animal-derived ingredients, substance, or derivatives. Honey, keratin, beeswax and other natural ingredients are used in these vegan items.

The industry is predicted to develop in response to rising demand for safer and natural cosmetics. Rising R&D investment for advanced products, growing environmental awareness, increasing producers of vegan cosmetics products, and stringent regulatory regulations and norms linked with animal testing are likely to propel the vegan cosmetics market forward.

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Global Vegan Cosmetics Market Scope and Market Size

The vegan cosmetics market is segmented on the basis of product and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

Based on product, the vegan cosmetics market is segmented into skin care, hair care, makeup and others.
Based on distribution channel, the vegan cosmetics market is divided into e-commerce, hypermarket/supermarket, departmental stores, specialty stores and others.

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Competitive Landscape and Global Vegan Cosmetics Market Share Analysis

The vegan cosmetics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to vegan cosmetics market.

Some of the major players operating in the vegan cosmetics market are GABRIELCOSMETICS, MO MI BEAUTY, Urban Decay, Pacifica Beauty, Beauty Without Cruelty, Unilever, Cover FX, LVMH, PHB Ethical Beauty Ltd, ColourPop Cosmetics, Gemdo Cosmetics, EcoTrail Personal Care, Nutriglow Cosmetics, Emami Limited, MOSSA Certified Skincare, Coty Inc., Debenhams, KOSÉ Corporation, Natura&Co, and Shiseido Company, Limited, among others.

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