Vegan cosmetics market is anticipated to grow at a CAGR of 6.2% during the forecast period. Vegan cosmetics refers to the absence of animal-origin ingredients in the entire supply chain of the product, thereby containing natural and organic plant-based ingredients. Animal cruelty is often a reason to change purchase decisions among consumers. Therefore, they are rejecting products containing animal ingredients in cosmetics products. An increasing number of brands are focusing on the production of 100% vegan and cruelty-free cosmetics. In October 2021, The Vegan Society released the Vegan Beauty Takeover report in which key insights include 97% of UK shoppers saying they want more vegan cosmetics and toiletries, and 91% saying it was important for brands selling vegan cosmetics and/or toiletries to have their products certified by a third-party organisation. Moreover, Celebrities such as Rihanna and Lady Gaga releasing their vegan skincare and makeup lines. Selena Gomez is entering the world of vegan cosmetics herself with the launch of her new beauty brand, Rare Beauty. Rare Beauty was initially due to launch in the summer of 2020, however, unveiled on September 3 at Sephora and on RareBeauty.com.
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The global vegan cosmetics market is segmented based on type and distribution channel. Based on the type, the market is segmented into skin care, hair care, makeup, and others. Based on the distribution channel, the market is segmented into e-commerce, hypermarkets/supermarkets, departmental stores, speciality stores, and others. skin care vegan cosmetics segment is estimated to dominate the market. Vegan skincare products are all plant-based, which means they are mostly chemical-free and most of the ingredients are sourced from plants. Vegan skincare products are loaded with vitamins B, C and E that support cell regeneration and encourage silky and soft skin. Skincare products that have natural ingredients such as aloe vera, chamomile, and tea tree have been gaining significance over the years. These ingredients have proven to remove impurities and excess oil off of the face and gently treat acne too.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Vegan Cosmetics Market by Type
- Skin Care
- Hair Care
- Makeup
- Others
Global Vegan Cosmetics Market by Distribution Channel
- E-Commerce
- Hypermarket/Supermarket
- Departmental Stores
- Speciality Store
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Arbonne, Pacifica
- Bare Blossom
- Beauty Without Cruelty
- Billy Jealousy
- COTY INC.
- Disguise Cosmetics
- Ecco Bella
- Emma Jean Cosmetics
- GABRIELCOSMETICS
- GoNature Sp. z o.o.
- Modern Mineral Makeup
- Natur’Alley Ltd
- Nature’s Gate
- Nutriglow Cosmetics
- PHB Ethical Beauty Ltd
- Plum
- Seraphine Botanicals
- Zuzu Luxe
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global vegan cosmetics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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