Vegan Cosmetics Market Gears Up for a 7.0% CAGR Ride in 2024-30

Market Overview: Global Vegan Cosmetics Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Vegan Cosmetics Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Vegan Cosmetics Market Insights 2024-30

The Global Vegan Cosmetics Market size was valued at USD 17 Billion in 2022 and is projected to grow at a CAGR of around 7.0% during the forecast period, i.e., 2024-30.

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Top Players in the Vegan Cosmetics Market:

MuLondon
Beauty Without Cruelty
Nature’s Gat
Billy Gealousy
L’Oréal Groupe
Mo MI Beauty
Emma Jean Cosmetic Inc.
Inika
Gabriel Cosmetic Inc.
Groupe Rocher
Pacifica Beauty
l.f. Cosmetic Inc.
Coty Inc.
Kose Corp.
Natura Interantional Inc.
MAV Beatury Brands Inc.
The Estee Lauder Co. Inc.
Lush Retail Ltd.
Debenhams Plc.
Charlotte Tilbury Beauty Ltd.

Segmentation Analysis of Vegan Cosmetics Market

Vegan Cosmetics Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Sales Channel

E-commerce
Offline Stores
Hypermarket/Supermarket
Departmental Stores
Specialty Stores
Others

Here, E-commerce is expected to attain a sizeable revenue share in the Vegan Cosmetics Market during 2024-30. The booming e-commerce sector worldwide has led to increased product offerings with lucrative discounts, doorstep deliveries, and secured payment options. The Vegan Cosmetics Market has benefitted significantly from the e-commerce industry, and thus a substantial market growth is likely in the coming years due to benefits of online platforms, such as convenience in product selection, availability of diverse brands, and various promotional offers. Other than these, several initiatives by celebrities for promoting plant-based cosmetic products worldwide are also fueling the sales of vegan cosmetic products through e-commerce platforms.

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-By Product

Skin Care
Hair Care
Makeup
Others (Lip Care, Nail Care, etc.)

-By Packaging

Pumps & Dispensers
Compact Cases
Jars
Pencils & Sticks
Tubers
Others (Blisters & Strip Packs, Aerosol Cans, etc.)

-By End User

Women
Men
Kids

A Comprehensive Geographical Analysis:

-By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

North America is expected to witness a significant rise in demand for Vegan Cosmetic Products during 2024-30. The increasing consumer awareness regarding the ill effects of compounds like paraben & aluminum compounds in cosmetic products used in conventional hand creams, hair products, etc., has shifted consumers toward natural cosmetics.

Using chemical-based cosmetic products globally has led to increasing skin diseases among North Americans, i.e., surging the demand for chemical-free cosmetic products across the region. According to the Cancer Treatment Centers of America (CTCA), using chemicals like paraffin and some types of oil in skin & hair care products may increase the risk for certain types of non-melanoma skin cancers.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

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