Vegan Cosmetics Market: Market Analysis, Trends Forecast For The Period During The Year 2022-2030

 

Vegan Cosmetics Market


Vegan cosmetics are ones that are made organically without utilising any milk, fat, or other by-products from animals. Vegan cosmetics are created using extracts such as honey, beeswax, organic oil, and others.

More consumers are paying attention to sustainability these days, which may cause cosmetic firms to reconsider the ingredients they use in production.

The Vegan Cosmetics Market was estimated at US$ 14.85 billion and is projected to grow to US$ 25.09 billion between 2022 and 2030, at a CAGR of 5.9%.

Market Dynamics

One of the key dynamics fueling the Vegan Cosmetics Market is the growing awareness and consciousness among consumers regarding the environmental impact and ethical concerns associated with traditional beauty products. As consumers become more informed about the harmful effects of certain ingredients and animal testing, they are actively seeking out vegan alternatives that are perceived as healthier and more environmentally friendly.

Market Trends

The Vegan Cosmetics Market is witnessing a host of trends that are shaping its future trajectory. For instance, there is a growing focus on natural and organic formulations within the vegan cosmetics segment, as consumers seek products that are not only free from animal-derived ingredients but also free from potentially harmful chemicals. Furthermore, innovative packaging solutions that are eco-friendly and recyclable are gaining traction in the market.

In terms of distribution, the rise of e-commerce has played a pivotal role in the accessibility and availability of vegan cosmetics. Online platforms provide a convenient way for consumers to explore and purchase a wide range of vegan beauty products, contributing to the market's growth.


Market Segmentation

By Types

·        Skin, hair, lip, eye, and other products are categorised by product type.

·        by gender: children, men, and women

·        Economic and Premium Price Points

·        Personal and commercial consumption, by end-use

·        Pencils, sticks, jars, and other packaging, both offline (specialty shops, supermarkets, hypermarkets), and online

 

Geographically Covered

1.     Americas: United States and Canada

2.     Brazil, Argentina, Mexico, and the remainder of Latin America

3.     Germany, the United Kingdom, Spain, France, Italy, Russia, and the rest of Europe

4.     Asia Pacific: South Korea, Australia, China, India, Japan, and the rest of Asia Pacific

5.     African continent and the Middle East

 

Aloe vera plant extract is the main component of a product known as aloe vera extract. Aloe vera is a cactus-like plant that grows all over the world in subtropical regions and does well in hot, dry temperatures. Aloe vera has long been used to treat skin disorders, and it was also thought to prevent baldness and speed up wound recovery .In Aloe Vera Extracts Market   , Aloe vera extract serves as a gelatinous emollient in skin lotions and cosmetics, according to the market for aloe vera extract. In addition, it might have therapeutic benefits, such as alleviating digestive problems, decreasing blood sugar, preventing cavities, and nourishing and strengthening hair.


Competitive Landscape

Amway Corporation, Estee Lauder Companies Inc., Groupe Rocher, L'Occitane Group, L'Oreal S.A., LVMH Group, and MuLondon, Pacifica Beauty, Unilever plc are significant market participants in the vegan cosmetics industry. Weleda, Coty, Beauty with Cruelty, Elf Cosmetics, Urban Decay, and Nature's Gate are among examples.

Read more

https://www.coherentmarketinsights.com/press-release/vegan-cosmetics-market-4738

https://www.globenewswire.com/en/news-release/2023/01/16/2589211/0/en/Global-Vegan-Cosmetics-Market-to-ReachUS-25-09-Bn-by-2030-Says-Coherent-Market-Insights-CMI.html


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