Vegan Cosmetics Market Research Report

Vegan Cosmetics Product:

Growth opportunities in the Vegan Cosmetics Product look promising over the next six years. This is mainly  media campaigns.

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Vegan Cosmetics Product Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The augmenting demand for personal care products and the mounting consciousness concerned with cruelty-free commodities are the key drivers stimulating the growth of the global vegan cosmetics market. Also, the growing inclination towards animal-free products led by the increasing apprehension of the environment is strengthening the market size. The surging focus on research and development activities associated with the development of vegan items, along with the escalating preference for beauty blogs and social media campaigns supporting organic products, has further raised the market growth. Moreover, the cosmetic industry is highly promoted by celebrities from different parts of the world, such as Ariana Grande and Jenna Dewan, promoting vegan beauty products. Thus, this rising stimulation by celebrities, along with the enlargement in the accessibility of the products on several e-commerce platforms and retail stores, will impel the market growth. Moreover, governments across nations are largely involved in bringing out strategies to encourage the production of chemical-free cosmetics. For instance, Dianne Feinstein, in 2016, initiated the Personal Care Products Safety Act in the U.S., emphasizing the production of natural ingredients in the personal care industry. However, the existence of aluminum, blue or red lake colorants, lead, chromium, and cadmium in vegan cosmetics products which harms the skin tissues, will hamper the vegan cosmetics market growth.

Product Segment Drivers

Based on the Product, the market is segmented into Hair Care, Makeup, and Skin Care. Amongst which, hair care is expected to witness a higher during the forecast period. This is due to the intensifying demand for chemical-free hair products led by the altering lifestyles of the customers. Enormous leading companies such as Zuzu Luxe and Bare Blossom are constantly involved in developing the product to fulfill the market demand. The continuous innovations in the vegan cosmetics market will impel the market share. On the other hand, the makeup segment is projected to expand at a faster CAGR over the forecast period attributed to their significant advantages such as high content of moisture extracted from plants,  no harmful chemicals, less use of ingredients, and suitable for sensitive skin. Moreover, the growing knowledge about naturally-derived beauty products among females and millenniums is supporting the vegan cosmetics market share.

Vegan Cosmetics Product’s leading Manufacturers:

·         Groupe Rocher

·         Pacifica

·         Emma Jean Cosmetics, INC

·         Ecco Bella

·         Bare Blossom

·         Billy Jealousy

·         L’Oréal S.A. (Urban Decay)

·         MuLondon Organic

·         Mo Mi Beauty

·         Bare Blossom

Vegan Cosmetics Product Segmentation:

Segmentation by Product

·         Skin Care

·         Hair Care

·         Makeup

·         Others

Segmentation by Distribution Channel

·         Hypermarket/Supermarket

·         Specialty Stores

·         Convenience Stores

·         Online

·         Others

Segmentation by Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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