Vegan Cosmetics Market Research Report

Global Vegan Cosmetics Market

The GMI Research speculates that the Vegan Cosmetics Market will perceive growing demand over the forecast period. This is mainly because of the growing seepage of the internet, rising trend of veganism, increasing apprehension towards environment, and switching preference of young generation.

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Introduction of the Vegan Cosmetics Market

Vegan cosmetics are acquired from organic plant-based ingredients without any animal by-products, or derivates. The vegan cosmetics include an extensive range of products such as skin, hair, and makeup products suitable for all skin types. They offer a healthful look and minimize the incidences of skin allergies.

Key Players of Market:

· Emma Jean Cosmetics, INC.

· Bare Blossom

· Ecco Bella

· Groupe Rocher

· Zuzu Luxe

· Mo Mi Beauty

· L’Oréal S.A. (Urban Decay)

· MuLondon

· Pacifica

· Billy Jealousy

Vegan Cosmetics Market Dynamics

The augmenting demand for personal care items as well as the growing consciousness about the humanitarian products is stimulating the growth of the global vegan cosmetics market. In addition, the surging focus on the research and development activities concerned with the vegan products will pave the way for market growth. In addition, the increasing environmental knowledge has diverted the choices and purchase patterns of individuals towards animal-free items, has further strengthened the market size. Further, the aggravating influence of beauty blogs and social media campaigns promoting organic products is driving the vegan cosmetics market share.

Also, the vegan cosmetics industry is largely supported by celebrities from different regions of the nation such as, Jenna Dewan and Ariana Grande encouraging the application of these beauty products. Thus, the intensified support from celebrities and enlargement in the accessibility of the products on several e-commerce platforms and retail stores will energise the market demand. Besides this, the exacerbating initiatives across different nations to persuade the production of chemical-free cosmetics are raising the market growth. For example, Dianne Feinstein, in 2016, launched the Personal Care Products Safety Act in the U.S., concentrating on the utilization of organic ingredients in personal care products. On the other hand, the existence of blue, red or aluminium, lake colorants, chromium, lead, and cadmium in vegan cosmetics products which defaces the skin tissues is hindering the vegan cosmetics market size.

Regional Drivers

Based on the regional coverage, North America is projected to sustain its supremacy during the near future. This is due to the massive shift in the consumer’s proclivity towards the usage of vegan products. Moreover, as per the vegan cosmetics market research, the strong prevalence of leading market players such as L’Oréal and the enlarging product portfolio in the market is bolstering the market demand.

Vegan Cosmetics Market Segmentation:

Segmentation by Product

· Skin Care

· Hair Care

· Makeup

· Others

Segmentation by Distribution Channel

· Hypermarket/Supermarket

· Specialty Stores

· Convenience Stores

· Online

· Others

Segmentation by Region:

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· North America

o United States of America

o Canada

· RoW

o UAE

o Brazil

o South Africa

o Saudi Arabia

About GMI Research

A market research and consulting company, GMI Research, offers various enterprises business insights and market research reports. Our research team accumulates all the relevant information about several industries using both internal and external databases. The focus of the organization is to acknowledge our clients with the upcoming opportunities and challenges across different industries. The team assists clients in comprehending the influence of market dynamics like size, share, drivers, growth opportunities, and other aspects. We try to offer a step-by-step solution to our clients to reach a managerial and actionable decision. The enterprise got featured in the list of Silicon India Magazine in 2018 as one of the Most Promising Market.

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