Vegan Cosmetics Market 2024-2028
The vegan cosmetics market is forecasted to grow by USD 6521.5 mn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the vegan cosmetics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing preference for vegan cosmetics from consumers, growth of cosmetic industry, and promotional and marketing strategies employed by vegan cosmetics vendors.
Technavio's vegan cosmetics market is segmented as below:
- By Distribution Channel
- Offline
- Online
- By Type
- Skin care
- Hair care
- Cosmetics
- Others
- By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the increase in strategic acquisitions and investments as one of the prime reasons driving the vegan cosmetics market growth during the next few years. Also, introduction of vegan cosmetic products and growth of e-commerce will lead to sizable demand in the market.
The report on the vegan cosmetics market covers the following areas:
- Vegan cosmetics market sizing
- Vegan cosmetics market forecast
- Vegan cosmetics market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading vegan cosmetics market vendors that include Coty Inc., Debenhams Plc, e.l.f. Beauty Inc, Kose Corp., LOreal SA, Lush Retail Ltd., MAV Beauty Brands Inc, Milk Makeup LLC, MO MI by Modern Minerals Inc., Natura International Inc., New Earth Beauty LLC, New Milani Group LLC, Pacifica Beauty LLC, PHB Ethical Beauty Ltd., PUIG S.L., The Estee Lauder Companies Inc., Unilever PLC, and Yes To Inc.. Also, the vegan cosmetics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.