Quick Overview of the Global Vegan Cosmetics Market Analysis

The objective of the Global Vegan Cosmetics Market Research Report is to provide detailed and useful data and a geographical perspective for predictions of the future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.

According to the latest report analysis by MarkNtel Advisors, 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. This detailed study provides a detailed overview of the current market state, including market trends, and opportunities, along with the recent developments made globally. An in-depth analysis of market share, size, forecast, and competitive landscape is also covered in this report which presents a clear picture of the industry with relevant statistical data.

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Latest Restraint Contributing in the Expansion or Reduction in the Vegan Cosmetics Industry

Global Vegan Cosmetics Market Possible Restraint:

Lack of Enough Awareness about Vegan Cosmetic Products: The overall prevalence of cosmetic products is increasing among both males & females. However, the associated awareness regarding the beneficial properties of vegan beauty products is not present widely. Additionally, significant health risks caused by using chemical cosmetics, especially in developing & underdeveloped countries of Asia-Pacific, Middle East & Africa, & Latin America, might hinder the vegan cosmetics market growth across these regions. Besides, the lower availability & higher costs of these cosmetic products are also considerable growth challenges for the global vegan cosmetics industry during 2024-30.

Global Vegan Cosmetics Industry Recent Development

• In April 2024, L’Oréal announced that it had signed an agreement with Natura &Co to acquire A? sop, the Australian luxury beauty brand.

A Detailed Outlook of Vegan Cosmetics Market Segmentation

The Market Segmentation analysis provides accurate data on the industry to help analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, regional, and global levels in the research. The study analyses the latest trends of the industry from 2024-30 for each of the categories. Different segments like Segment A, Segment B, and Segment C were used to classify the market for this study.

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-By Product

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

-By Sales Channel

• E-Commerce
• Offline Stores

-By Packaging

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

-By End User

• Women
• Men
• Kids

Geographical analysis:

-By Region

• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa

Of all regions globally, 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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Lead the Vegan Cosmetics Market with a Deep Evaluation of the Competition

This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile, and a complementary Porter’s Five Forces analysis.

Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influenced on a geographical scale along with the small and medium-sized businesses that play crucial roles and have substantial opportunities for expansion to accurately reflect the levels of market competition.

The details on the following key players is presented in this section:

• 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.

 Some Key Questions Covered in Our Detailed Report

• What are the trends or opportunities in the Vegan Cosmetics Market? Will the market increase or decrease in the forecast period?
• Who are the top players in the Vegan Cosmetics industry? And which player dominates the market?
• What is the expected demand for different product categories?
• In the upcoming period, which region will dominate the market with a prominent share?

Why choose MarkNtel?

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.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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