COVID-19 Analysis on the Global Vegan Beauty Products Market
A recent market research report on the Vegan Beauty Products market published by Fact.MR is an in-depth assessment of the current landscape of the market. Further, the report elaborates on the impact of the COVID-19 on the Vegan Beauty Products market and provides a thorough understanding of the growth potential of each market segment over the forecast period (2018-2028).
According to the analyst at Fact.MR, the Vegan Beauty Products market is evenly slated to register a CAGR growth of ~XX% during the assessment period and attain a value of ~US$ XX by the end of 2030. The report analyzes the micro and macro-economic factors that are projected to impact the growth of the Vegan Beauty Products market in the upcoming years. Further, a detailed analysis of the business continuity strategies of leading market participants is enclosed in the presented report.
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Key Insights Enclosed in the Report
- Key technological developments related to the Vegan Beauty Products
- Assessment of the product pricing strategies of prominent market players
- Country-wise analysis of the Vegan Beauty Products market in different regions
- Analysis of the COVID-19 impact on supply-demand, value chain, and consumption
- Adoption of the Vegan Beauty Products in various end-use industries
Segmentation of the Vegan Beauty Products Market
The presented report dissects the Vegan Beauty Products market into different segments and ponders over the current and future prospects of each segment. The report depicts the year-on-year growth of each segment and touches upon the different factors that are likely to influence the growth of each market segment. Further, projections are made taking into account the impact of the COVID-19 pandemic on the each market segment.
Launched in 2013, Huda Beauty was introduced by Huda Kattan, an Iraqi-American business woman and make-up artist. Ever since it was launched, the brand has built an immensely positive reputation for some of its well-positioned products, including vegan makeup. With more than 140 product varieties sold in-store and online, the company is well-known for offering high quality vegan beauty products at reasonable prices.
Gabriel Cosmetics, Inc.
Founded in 1992, Gabriel Cosmetics, Inc. has its official headquarters in Redmond, Washington. The company started its operation as a botanical skincare company offering a wide range of homeopathic skincare & cosmetic products. The company’s philosophy is based on commercializing organic, vegan, and gluten-free cosmetic products at reasonable & affordable prices.
Founded in 2004, e.l.f. Cosmetics has its official headquarters in Oakland, California. The company commercializes a wide-range of skin-care and bath-care products that are 100% cruelty-free and is a major supporter of the ‘fur campaign’ by PETA. The wid-range of e.l.f. products enables the company to target demographic of a broader range of age, from teenagers to women aged in between 40-50. Other players profiled in the vegan beauty products market report include Gemdo Cosmetics Inc., Ecco Bella, and others.
Vegan Beauty Products Market – Additional Insight
Consumers Turn to CBD-Infused Vegan Beauty Products for Boosting the ‘Feel Good’ Factor
Demand for CBD-infused vegan beauty products is treading on an ever-increasing path, as cannabidiol (CBD) is being embraced for addressing multiple concerns such as anxiety and insomnia. Some studies also shed light on the fact that CBD arrests the growth of cancer cells, thereby fostering its popularity in the wellness community and beyond. A majority of consumers are replacing their entire beauty routine with a wide-range of cruelty-free and vegan beauty products, given that CBD is a beneficial holistic ingredient that helps in boosting the ‘feel good’ factor.
Companies operating in the vegan beauty products market are offering multiple product types infused with CBD, including creams & lotions, cleansers and toners, balms and butter, scrub exfoliators, essential oils, serums & masks, and others.
Scope of the Report
A pragmatic methodology combined with a holistic approach forms the base for incisive insights compiled in the vegan beauty products market for the assessment timeline of 2018-2028. The Fact.MR report on vegan beauty products market comprises of detailed information on the growth prospects of vegan beauty products market and also offers compelling insights into the forecast analysis of vegan beauty products market.
Exhaustive secondary and primary research are employed to carry out the whole research and garner industry-best insights into the forecast analysis of vegan beauty products market. The report on vegan beauty products market is further subjected to a cross-validation by the in-house experts to make the vegan beauty products market report one-of-its-kind with utmost credibility.
Research Methodology of this Report.
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Important doubts related to the Vegan Beauty Products market clarified in the report:
- Which regional market is expected to witness the highest growth during the forecast period?
- How has the surging prices of raw materials during the COVID-19 pandemic impacted the growth of the Vegan Beauty Products market?
- Why are market players focusing on R&D and innovations?
- Are market players expanding their global presence? If yes, how?
- What is the estimated value of the Vegan Beauty Products market in 2020?
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