Vegan Cosmetics– Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F Segmented By Product Type (Skin Care, Hair Care, Makeup, Others (Perfumes, Deodorants etc.), By Price Range (Low, Medium High), By Distribution Channel (Supermarkets/Hypermarkets, Departmental Stores, Specialty Stores, Online, and Others (Multi-Branded Stores, Direct Sales, etc.)), By Region

The global vegan cosmetics market is rising due to factors such as millennials’ awareness of vegan cosmetics, engagement of smaller companies and start-ups, and growing environmental awareness. Such factors are anticipated to have a positive impact on the vegan cosmetics market in the forecast period.

Vegan products are strictly manufactured without using any animal ingredients and are not subjected to animal testing. Vegan cosmetics are manufactured with a variety of organic ingredients, including oils, plant extracts, natural preservatives, emulsifiers, and vitamins C and E, etc. All these ingredients are purchased by vegan cosmetics producers directly from farmers

Skin care,

Initially, it was discovered that just 15% of women often examine the labels and contents of the cosmetic items they purchase, while 10% indicated they never do. A significant just over 34% of respondents claimed that they now do more than they used to, while another 41% added that they do so occasionally. While 15% of consumers check the labels of cosmetic products to look for less dangerous components and 18% do so due to allergies, it was discovered that 29% do so due to lifestyle decisions (i.e., veganism). Even more people admitted to reading labels to make sure the products they buy are better for the environment (34%). Also, according to a YouGov survey conducted in 2021, 53% of UK adults were unsure how to recognize a skincare product that used chemicals produced from animals.

Asia Pacific is the leading region having major market share, followed by Europe. During the forecast period, increased production of vegan cosmetics in major European nations is anticipated to produce high revenue. The demand for vegan cosmetics is expected to increase in several nations, including France, as consumers' preference is changing towards natural and vegan products. Germany, the United States, the United Kingdom, India, and Singapore are the top importers of vegan cosmetics. The import and export of vegan cosmetics will keep increasing in response to the rising demand for personal care products in developed nations.

The enormous popularity and quickly rising market

Download Free Sample ReportRising popularity of Natural-based and Safer Cosmetics Fueling the Market Growth

Growing consumer knowledge of health and wellness has led to a movement towards using safer ingredients in their cosmetics. There is a huge market for cosmetics made without using any animal products and without subjecting any animals to testing. The number of beauty blogs and social media sites devoted to the advantages of switching to chemical-free products is constantly growing, which has improved consumer knowledge. The expansion of organically derived products is being fueled by consumers' shifting attitudes about vegan products as well as an increase in the use of environmentally friendly items.

Rapid Change in the Cosmetic Trend Driving the Market Growth

The global vegan cosmetics market is being impacted by the quick change in cosmetic trends because most consumers find animal cruelty to be unethical and are raising awareness about it. The consumer acceptance of natural alternatives like plant-based personal care products is another important factor driving this industry. The global market for vegan cosmetics has increased because of growing concern about animal testing and the banning of the use of some animal products, including hair, fur, and other by some developed nations like Europe.

Awareness of Millennials towards Vegan Cosmetics Enhancing the Market Growth

The market for vegan cosmetics is expanding not just because more people are opting to avoid animal products, but also because more customers, particularly millennials, are coming around to the concept that it is wrong to injure animals for the sake of beauty. The variety of cosmetic options found at to vegans has rapidly increased in recent years because of the emergence of new brands and the decision by established brands to either go totally vegan or produce a vegan line.

Market Segmentation

The global vegan cosmetics market is segmented based on product type, price range, distribution channel, region, and competitional landscape. Based on product type, the market is further fragmented into skin care, hair care, makeup, others (perfumes, deodorants etc.). Based on price range, the market is further fragmented into low, medium, high. Based on the distribution channel the market is segmented into supermarkets/hypermarkets, departmental retailers, specialty retailers, online, and others (multi-branded retailers, direct sales, etc.)..

Company Profiles

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Report Scope

In this report, the global vegan cosmetics market has been segmented into the following categories, in addition to the industry trends which have also been detailed below

• Vegan Cosmetics Market, By Product Type
• Skin Care
• Hair Care
• Makeup
• Others (Perfumes, Deodorants etc.)
• Vegan Cosmetics Market, By Price Range
• Low
• Medium
• High
• Vegan Cosmetics Market, By Distribution Channel
• Supermarkets/Hypermarkets
• Departmental Stores
• Specialty Stores
•  Online
• Others
• Vegan Cosmetics Market, By Region
• North America
• United States
• Canada
• Mexico
• Europe
• Germany
• Italy
• France
• Spain
• United Kingdom
• Netherlands
• Poland
• Asia-Pacific
• China
• Japan
• India
• Indonesia
• Vietnam
• Malaysia
• South Korea
• Australia
• Middle East & Africa
• Saudi Arabia
• Egypt
• UAE
• Turkey
• South Africa
• South America
• Brazil
• Argentina
• Colombia