As per the GMI Research’s latest analysis, Global Vegan Cosmetics Market reveals that the market is slated to register a significant CAGR over the forecast period. This is attributed to the strong demand for personal care products and the increasing awareness regarding cruelty-free products worldwide.
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Vegan Cosmetics Market’s leading Manufacturers:
- Bare Blossom
- Zuzu Luxe
- Ecco Bella
- Mo Mi Beauty
- Emma Jean Cosmetics, INC
- L’Oréal S.A. (Urban Decay)
- Pacifica
- MuLondon Organic
- Billy Jealousy
- Groupe Rocher
Vegan Cosmetics Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The strong demand for personal care products and the increasing awareness regarding cruelty-free products worldwide are the key drivers surging the growth of the global vegan cosmetics market size. With the rising environmental awareness, the customer’s purchasing preferences and patterns have drastically shifted towards animal-free products. The growing focus on the R&D activities regarding the vegan-products will open new doors for the growth of the market. Furthermore, the emerging trend of beauty blogs and several social media campaigns encouraging naturally derived products will further stimulate the growth of the global vegan cosmetics market share in terms of revenue.
Celebrities mainly support the vegan cosmetics sector from various parts of the world, including Jenna Dewan and Ariana Grande, who encourages vegan beauty products. According to the vegan cosmetics market research, the rising support from celebrities, coupled with the rising availability of the products of several e-commerce platforms and in retail stores, will further fuel the growth of the global vegan cosmetics market. Numerous government initiatives have been introduced in various countries to promote the production of chemical-free cosmetics. For example, Dianne Feinstein launched the Personal Care Products Safety Act in the US in 2016, emphasizing on the use of natural ingredients in personal care products. On the other edge, the factors hindering market growth include the strong presence of aluminum, red or blue lake colorant, chromium, lead, and cadmium in vegan cosmetics products, damaging the skin tissues.
Vegan Cosmetics Market 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
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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