Vegan Cosmetics Market Size and Forecast: $28.5 billion by 2031 | Growth, Share Analysis
According to a new report published by Allied Market Research, titled, "Vegan Cosmetics Market," The vegan cosmetics market size was valued at $16.6 billion in 2021, and is estimated to reach $28.5 billion by 2031, growing at a CAGR of 5.9% from 2022 to 2031. Vegan cosmetics are made up of chemical compounds taken from natural or synthetic sources that do not contain any animal-derived ingredients. Ingredients produced from animals include honey, beeswax, lanolin, collagen, albumen, carmine, cholesterol, gelatin, and many others.โก๏ธ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ & ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/16708
Vegan cosmetics are also devoid of animal cruelty and testing. Vegan cosmetics are meant for personal care, skincare, face care, and hair care and are used to cleanse or protect the body or hair. Vegan cosmetics are used to enhance or modify a person's appearance (makeup) by hiding imperfections, accentuating natural features (such as brows and eyelashes), adding radiance to the face, or completely redefining the look.
Globally, consciousness regarding enhancement of the overall personality has increased significantly among individuals. An increase in disposable income has enabled individuals to spend more on vegan cosmetics products than they had in the past. Therefore, personal care products have witnessed significant demand globally. Even now, owing to the lack of awareness regarding health risks associated with synthetic/chemical-based cosmetics products, the demand for organic cosmetics products was limited.
Most consumers are inclined toward organic and vegan cosmetics to reduce the health risk associated with synthetic personal care. Organic personal care and cosmetics are made from plant extract and natural ingredients and contain a minimal/low amount of synthetic ingredients. Thus, it does not show any adverse impact on the human body. Organic and vegan cosmetic products are perceived to be safer than chemical skincare products therefore the vegan cosmetics market opportunities for growth are expected to be rising.
โก๏ธ๐๐๐๐๐๐๐-๐๐๐๐ ๐๐ ๐ ๐๐ - ๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ % ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐๐ง ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://bit.ly/3U5OF4g
The global vegan cosmetics market is expanding due to an increase in the vegan and vegetarian population, expansion of the vegan cosmetics business, and an increase in conformity with People for the Ethical Treatment of Animals (PETA) cruelty-free accreditation. Furthermore, the entry of international firms presents the global vegan cosmetics market opportunity for development. With the growing vegan population, global firms such as L'Oreal, Unilever, P&G, and others are believed to have prospects to enter the vegan cosmetics sector to meet the growing demand for vegan beauty goods. However, the high prices associated with these cosmetics, as well as the absence of common rules for vegan certification, are projected to stymie the vegan cosmetics market growth.
The demand for vegan color cosmetics is expected to grow at the fastest rate during the vegan cosmetics market forecast period, owing to the growing vegan and vegetarian population's purchasing power and the desire of young vegan women to associate their interest in fashion and makeup with products made without animal by-products. These aspects generate the profitable potential for multinational companies in the global vegan cosmetics market. Increased interest in fashion and beauty trends among young people in countries such as Germany, France, the United Kingdom, Australia, and others has spurred vegan cosmetics market demand, which will propel the worldwide vegan cosmetics business.
The vegan cosmetics market is segmented into product type, price point, gender, end user, sales channel, and region. On the basis of product type, the market is categorized into skincare, cosmetics, hair care, and others. On the basis of price point, it is divided into premium and economic. On the basis of gender, the market is segmented into women, men, and children. On the basis of end user, the market is divided into personal and commercial. On the basis of sales channel, the market is divided into hypermarkets/supermarkets, specialty stores, online channels, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Chile, South Africa, and rest of LAMEA).
โก๏ธ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/16708
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐
โข On the basis of product type, the skincare segment is projected to witness the highest CAGR of 5.2%, in revenue terms, during the forecast period.
โข According to vegan cosmetics market analysis, on the basis of price point, the economic segment is expected to grow at a significant CAGR during the forecast period.
โข On the basis of gender, the women segment is expected to grow at a significant CAGR during the forecast period.
โข According to vegan cosmetics market trends, on the basis of end user, the commercial segment is projected to witness the highest CAGR of 6.5%, in revenue terms, during the forecast period.
โข On the basis of sales channel, the online channels segment is expected to grow at a significant CAGR during the forecast period.
โข On the basis of region, the U.S. was the largest country, in terms of revenue generation for vegan cosmetics industry in 2021.
โข On the basis of region, Asia-Pacific is anticipated to witness highest growth rate, registering a CAGR of 7.7% from 2022 to 2031.
The players operating in the global vegan cosmetics market have adopted various developmental strategies to expand their vegan cosmetics market share, increase profitability, and remain competitive in the market.
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
โข Amway Corporation,
โข Estee Lauder Companies Inc.,
โข Groupe Rocher,
โข L'Occitane Group,
โข L'Orรฉal S.A.,
โข LVMH Group,
โข MuLondon,
โข Pacifica Beauty,
โข Unilever, and
โข Weleda.
โก๏ธ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ ๐จ๐๐๐๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐ฉ๐๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐ฆ๐๐ง๐ญ: https://www.alliedmarketresearch.com/request-for-customization/A16339
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐๐ฏ๐ข๐๐ฐ
In terms of value sales, top-level CXOs believe that innovation is the key to the success of the vegan cosmetics market. Customers' increased demand for vegan cosmetics goods has prompted producers to develop herbal or organic skincare products at reasonable rates and in environmentally friendly packaging.
CXOs also stated that the growing awareness of one's physical appearance among individuals and working-class professionals fuels the expansion of the cosmetics sector. The use of natural substances, such as aloevera, tea, and black sugar in cosmetics, decreases the adverse effects of goods, which drives the global expansion of the cosmetics industry. Men are increasingly adopting vegan cosmetic goods in their daily lives, and the use of cosmetics by males is predicted to expand in the future, supplementing the expansion of the global cosmetics business.
Furthermore, vegan cosmetics products have seen widespread popularity in emerging countries such as India, owing to rapid changes in consumer lifestyle and increase in demand for cosmetics produced from natural extracts. Furthermore, the increased penetration of various online portals globally, and the growth in various offers or discounts by manufacturers entice a huge customer base to acquire cosmetic products through online channels. Furthermore, the internet sales channel has expanded customer reach, making it a critical source of revenue for many businesses.
โก๏ธ๐๐จ๐ฉ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
โฃ Keratin Products Market
https://www.einpresswire.com/article/682097159/keratin-products-market-report-2024-exponential-growth-by-market-size-share-trends-and-analysis-to-2032
โฃ Camellia Oil Market
https://www.alliedmarketresearch.com/camellia-oil-market-A06767
โฃ Facial Skincare Market
https://www.alliedmarketresearch.com/facial-skincare-market-A10234
โฃ Fashion Mask Market
https://www.alliedmarketresearch.com/fashion-mask-market-A10163
โฃ Herbal Shampoo Market
https://www.alliedmarketresearch.com/herbal-shampoo-market-A06347
โฃ Shampoo market
https://www.alliedmarketresearch.com/shampoo-market-A06353
โฃ Hair Styling Tools Market
https://www.alliedmarketresearch.com/hair-styling-tools-market-A11817
Contact Us:-
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/energy-and-power
Follow Us on | Facebook | LinkedIn | YouTube
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Vegan Cosmetics Market Size and Forecast: $28.5 billion by 2031 | Growth, Share Analysis here
News-ID: 3593610 • Views: โฆ
More Releases from allied market research
De-oiled Lecithin Market Size is Predicted to Attain $396,526.4 thousand
The global De-oiled Lecithin Market was valued at $152,906.4 thousand in 2017, and is expected to reach $396,526.4 thousand by 2025, registering a CAGR of 12.4% from 2018 to 2025.
Request Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/5223
De-oiled lecithin is organic and an essential alternative to crude lecithin as it contains larger concentration of phospholipids. It is almost oil-free and thus increases its adoption among the health conscious consumers widely. It isโฆ
Batter And Breader Premixes Market Size To Reach Approximately USD 1.8 Billion
Allied Market Research published a recent report, titled, "Batter and Breader Premixes Market by Product Type (Batter and Breader) and Application (Meat, Fish & Seafood, Poultry, and Vegetables): Global Opportunity Analysis and Industry Forecast, 2018-2025."
The global Batter and Breader Premixes Market garnered $1.1 billion in 2017 and is expected to hit $1.8 billion by 2025, registering a CAGR of 5.9% during the forecast period.
Get Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/5210โฆ
Pasta Sauce Market Size Is Likely To Reach a Valuation of Around $4.60 Billion b โฆ
Allied Market Research published a report, titled, "Pasta Sauce Market by Type (Red Sauce, Red sauce, Green Sauce, Emulsified Sauce, Meat-based Sauce, Vegetable sauce, and Others) and Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Grocery Stores, and Online Stores): Global Opportunity Analysis and Industry Forecast, 2019-2026."
The global Pasta Sauce Market garnered $3.10 billion in 2019, and is expected to reach $4.60 billion by 2026, witnessing a CAGR of 5.8% from 2019 toโฆ
Champagne Market Size is Estimated to Attain $7.41 Billion | Laurent Perrier, Pe โฆ
As per the report published by Allied Market Research, the global champagne industry garnered $5.96 billion in 2018, and is projected to garner $7.41 billion by 2026, witnessing a CAGR of 3.2% from 2019 to 2026. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.
Click Here For Instant PDF@ https://www.alliedmarketresearch.com/request-sample/6303
Increase inโฆ
More Releases for Vegan
Demand for Vegan Diet to boost the Global Vegan Supplements Market
According to a new market research report launched by Inkwood Research, the Global Vegan Supplements Market is projected to generate $17076.50 million by 2030, with a CAGR of 8.50% between 2022 and 2030
Browse 47 market data Tables and 43 Figures spread over 193 Pages, along with in-depth analysis on the Global Vegan Supplements Market by Product, Form, Distribution Channel & by Geography.
This insightful market research report by Inkwood Researchโฆ
Vegan Footwear - Fashion Industry To Turn Green With Launch Of Vegan Footwear
he fashion industry is one of the largest contributors to pollutants entering the atmosphere and soil. While consumerism could be the main culprit, the wholesale manufacturing of clothes, shoes, and leather has never been eco-friendly. However, the fashion industry has begun to understand its impact on the environment. What's more, it has taken initiatives to offer sustainable clothes, leather, and footwear.
Veganism is no longer limited to food. The vegan populationโฆ
Demand for Vegan Food to supplement the Global Vegan Cheese Market
According to a new market research report launched by Inkwood Research, the Global Vegan Cheese Market is estimated to attain $4683.0 million by 2028, growing at a CAGR of 15.08% over the period 2021-2028.
Browse through 67 market data Tables and 53 Figures spread across 203 Pages and more, along with an in-depth analysis of the Global Vegan Cheese Market by Form, Product, End-User, Distribution Channel, & Geography.
This insightfulโฆ
Rising Inclination towards Vegan Lifestyle to Boost Vegan Noodles Market Demand
The Market Research Survey by โFact.MR, A Market Research and Competitive Intelligence Providerโ highlights the key reasons behind increasing demand of Vegan Noodles.
Vegan Noodles market study depicts an in-depth analysis on the current status of Vegan Noodles market that consists of important types, and end uses.
To Get In-depth Information View Full Report - https://www.factmr.com/report/3996/vegan-noodles-market
Vegan noodles are derived from ingredients that are not derived from animals. In order to reduceโฆ
Vegan Ice Cream Market analysis report- with Leading players and Major Types: Ta โฆ
Vegan Ice Creamย Market
Worldwide Market Reports has announced the addition of the โGlobal Vegan Ice Cream Market Insights, Forecast to 2025โ, The report classifies the global Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
Food industry Vegan Ice Cream market report focuses on areas of particular interest, such as elements of the food industry, customer loyalty programs, and tasteโฆ
Vegan Cheese Market
https://www.qandqmarketresearch.com/reports/7320715/vegan-cheese-market-69
Vegan cheese is a nondairy cheese mainly produced for vegans as well as for other people who avoid animal products, with those people who are lactoseintolerant.
The global Vegan Cheese market is valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 20192025. The objectives of this study are to define, segment, and project the sizeโฆ