Vegan Cosmetics Market Forecast 2020 – 2027 Top Key Players Analysis

This global study conducted by GMI Research provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for different segments. The market report tracks the overall demand growth during the forecast period. A regional study of the market is also carried out in North America, Asia-Pacific, Europe, and the Rest of the World. The report indicates growth parameters in the regional markets, along with leading players that are dominating the industry.

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Competitive Landscape:

The leading organizations covered in the Vegan Cosmetics Market are:

  • Bare Blossom
  • Zuzu Luxe
  • Ecco Bella
  • Mo Mi Beauty
  • Emma Jean Cosmetics, INC.
  • L’Oréal S.A. (Urban Decay)
  • Pacifica
  • MuLondon
  • Billy Jealousy
  • Groupe Rocher

Drivers of the Vegan Cosmetics Market:

The global vegan cosmetics market is experiencing an upsurge in demand over the forecast period. This is mainly due to the increasing demand for personal care products and the growing awareness of cruelty-free products globally. With the rising environmental awareness, the customer’s purchasing preferences and patterns have drastically shifted towards animal-free products. The growing emphasis on the research and development activities regarding the vegan-products will open new doors for the market, thus surging the demand of the market. Furthermore, the emerging trend of beauty blogs and several social media campaigns encouraging naturally derived products will enhance global vegan cosmetics demand.

Celebrities highly back the vegan cosmetics industry from numerous parts of the world, such as Ariana Grande and Jenna Dewan, who encourage the usage of vegan beauty products. The growing support from celebrities, coupled with expansion in the availability of the products on several e-commerce platforms and in retail stores, will further boost the growth in the global vegan cosmetics market. Numerous government initiatives have been introduced in various nations to promote the production of chemical-free cosmetics. For example, in 2016, Dianne Feinstein launched the Personal Care Products Safety Act in the U.S., emphasizing on the usage of natural ingredients in personal care products. On the other edge of the spectrum, the presence of aluminum, lead, blue or red lake colorants, chromium, and cadmium in vegan cosmetics products, which damages the skin tissues, will hinder the growth of the market.

Key Benefits offered by the Vegan Cosmetics Market report:

  • This study represents the analytical depiction of the Vegan Cosmetics Market along with the ongoing trends and future estimations to determine the imminent investment pockets.
  • The report provides detailed information related to market drivers, restraints, and growth opportunities, followed by the analysis of the Vegan Cosmetics Market share.

Segmentation of the Vegan Cosmetics Market:

The Vegan Cosmetics Market has been categorized into the following segments:

Breakup by Product:

  • Skin Care
  • Hair Care
  • Makeup
  • Others

Breakup by Distribution Channel:

  • Hypermarket/Supermarket
  • Specialty Stores
  • Convenience Stores
  • Online
  • Others

Breakup by Region:

  • North America

o United States of America

o Canada

  • Asia Pacific

o China

o Japan

o India

o Rest of APAC

  • Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

  • RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

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