Vegan Cosmetics Market Detailed In New Research Report 2024 | Annmarie Gianni., Black Phoenix Alchemy Lab

Natural and organic vegan cosmetics are becoming increasingly popular among a rising number of vegan consumers, fueled by heightened awareness about animal cruelty in the production of various products. Additionally, the increasing popularity of veganism post-pandemic has boosted the demand for vegan products, such as vegan cosmetics, supporting the overall expansion of the market. Vegan cosmetics come in numerous types, variations, and more to meet the needs of vegan shoppers. The rise in demand for vegan cosmetics made from plant-based ingredients is attributed to their numerous skin benefits, including protection due to the absence of harmful chemicals, which further drives their popularity in the market.

The vegan cosmetics segment for skin care accounted for the largest share, becoming the biggest division in global revenue in 2021. Increasing awareness among consumers to care for their skin, address acne, wrinkles, dryness, and more, combined with the growing trend of veganism, has fueled the demand for vegan skincare products in the market. This, in turn, has fueled the overall expansion of the vegan cosmetics market in terms of revenue.

The Vegan Cosmetics Market is Valued USD 18.01 billion in 2024 and projected to reach USD 30.7 billion by 2032, growing at a CAGR of 6.1% During the Forecast period of 2024-2032.

Updated Version of Sample Report Included:

https://www.marketdigits.com/request/sample/618

Vegan Cosmetics Market Growth Factors:

In recent years, a significant increase in the number of beauty bloggers and social media pages dedicated to the benefits of going chemical-free has benefited the industry by increasing customer awareness. The market for animal free products is being fueled by a shift in consumer perceptions of animal-free products, as well as the popularity of environmentally sustainable products. Natural-derived commodity manufacturing helps to reduce emissions and dependency on petroleum-based materials.

In addition to these factors, the growing trend of veganism particularly among the younger generation, and is playing an important role in the market's growth. Veganism is no longer considered uncommon, as more millennials embrace the diet. It has become trendy, with many A-list celebrities endorsing the virtues of a vegan diet and more vegan choices available online and in stores.

Major Players in Vegan Cosmetics Markets are:

Annmarie Gianni., Black Phoenix Alchemy Lab., Stella by Stella McCartney, Carolina Herrea., Lotte Duty-Free, CBDFX., Chiky Botanica., Derma-E, Elements Of Aliel., Ellovi, ESW Beauty, Ashunta Sheriff, Florame, Gypsy Soul Organics, Lavanila, Inc., Nourish Mantra, Nuria Beauty, Pacifica Beauty, Phlur, Plant Based Beauty, SeSpring and Others.

Industry News:

In September 2022, Stella by Stella McCartney, a new beauty line from the fashion designer, was introduced in collaboration with LVMH. According to the company, McCartney's ecological ethos of using "just what you need" is reflected in the new brand. Reset Cleanser, Alter-Care Serum, and Restore Cream are the three items in the vegan skincare range.

In August 2022, Ashunta Sheriff launched Ashunta Sheriff Beauty, a Black-owned beauty brand with a conscience offering a Cruelty-Free, Vegan Beauty Line. A few products in the range include browzing brow gel freeze, unicorn duochrome highlighter, UV vegan liquid liners, unicorn multichrome glitter shadow palette, and beauty water fix-it spray, among others.

In May 2022, Lotte Duty-Free, the duty-free division of South Korean retail behemoth Lotte, released a collection of vegan cosmetics through its online shopping portal LDF BUY. It claimed that the LDF BUY would sell vegan cosmetic products made by Grown Alchemist, a natural skincare brand based in Australia, and Hunter Lab, a gender-inclusive brand from Australia.

 “Connect with our team of research specialists and unlock the optimal solution for driving your business growth”

Global Vegan Cosmetics Market Segmentation:

By Product Type

Facial Products

Eye Products

Lip Products

Nail Product

Hair Product

Makeup Product

Others

By Packaging

Jars

Compact Cases

Tubes

Pencil and sticks

Others

By End User

Personal

Commercial

By Gender

Men

Women

Children

By Distribution Channel

Hypermarkets and Supermarkets

Conventional Store

Online

Departmental Stores

Others

The following areas and countries are covered in the worldwide Vegan Cosmetics Market file:

North America (US, Canada, Mexico)

Europe (Germany, France, UK, Russia, Italy)

Asia Pacific (China, Japan, South Korea, India, Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

This is attributable to the fact that in the last few years, developed countries in Europe have seen an increase in vegan population. According to studies conducted by the Vegan Society in collaboration with Vegan Life magazine, the number of people identified as vegans in the UK has grown by about 350 percent in the last decade. This factor is expected to fuel sales of vegan cosmetics in the future. In addition to this a large majority of European consumers choose one brand to others because of its natural formulation. In recent years, this has fueled an increase in demand for clean, natural, and organic deodorant products. The sales are made based on effectiveness, as well as clinical properties and longer-lasting protection.

Detailed industry forecast-Brief Introduction to the research report:

Additional information on company participants

Customized reports and analyst assistance are available upon request.

Recent market developments and potential future growth opportunities

Personalized regional/country reports upon request

New data sources are being integrated.

Increased focus on data privacy and security

Increased collaboration and co-creation

Know more about this report:

https://www.marketdigits.com/vegan-cosmetics-market-1688537013

Key Features of the Vegan Cosmetics Market Report: –

Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.

Examine the market opportunities for stakeholders by identifying higher growth sections.

To study and analyze the global Vegan Cosmetics Market industry status and forecast including key regions.

An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter’s Five Forces analysis to provide a deeper understanding of the market.

It helps you make strategic business decisions and investment plans.

Finally, Vegan Cosmetics Market is a valuable source of guidance for individuals and companies.

Discover More: Visit Our Website for Additional Reports!

https://www.openpr.com/news/3918337/torque-sensor-market-growth-trends-demand-key-players

https://www.openpr.com/news/3929123/uv-led-market-size-analysis-strategic-assessment-market

https://www.openpr.com/news/3938360/autonoumous-underwater-glider-market-analysis-share

https://www.openpr.com/news/3948783/artificial-intelligence-ai-emotion-recognition-market

https://www.openpr.com/news/3955128/internet-of-things-iot-in-energy-market-analysis-share

Contact Us:

+1 510-730-3200 | +1 276-206-2055

[email protected]

1248 CarMia Way Richmond

VA 23235, United States

About Us

Founded in 2015, MarketDigits Consulting & Advisory Pvt Ltd is a leading business research and consulting firm. Our mission is to empower clients by identifying emerging opportunities and driving revenue growth across industries. We specialize in providing comprehensive market insights, advanced technology solutions, and actionable strategies that support operational and strategic decision-making.

With a focus on the full value chain, our expert team delivers high-quality syndicate research reports, proprietary databases, and consulting services to help clients navigate today’s competitive and dynamic business environment. At MarketDigits, we use advanced analysis to uncover profitable opportunities, enabling businesses to make smart decisions and achieve sustainable success.