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Global Vegan Cosmetics Market Size, Segments, Outlook, and Revenue Forecasts, 2017-2021 & 2022-2028 - ResearchAndMarkets.com

The "Global Vegan Cosmetics Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Product Type, Distribution Channel, Gender and Regions" report has been added to ResearchAndMarkets.com's offering.

Global Vegan Cosmetics Market was valued at ~US$ 10 billion in 2017. Furthermore, owing to the increasing government interventions prohibiting cosmetics animal testing along with the increasing adoption of veganism, it is estimated to be ~US$ 13 billion in 2022 and is expected to reach a market size of ~US$ 20 billion by 2028 growing with CAGR of ~6% during 2022 to 2028.

The significant advantage of using vegan cosmetics is that they are extremely beneficial to the skin as they are rich in vitamins with antioxidant and anti-inflammatory properties. The growing popularity of plant-based products, combined with the emerging veganism trend across countries, is driving up demand for vegan cosmetics.

The rising government implementation of prohibiting animal testing for cosmetics across countries is a significant contributor to the growth of veganism. Increasing dissemination of counterfeit cosmetic products across countries may impede the growth of the vegan cosmetics market.

The ongoing COVID-19 pandemic has bolstered demand for vegan cosmetics as consumers actively seek to improve their consumption patterns beyond food, particularly those who have been infected with the virus.

Competitive Landscape

The Global Vegan Cosmetics Market is highly competitive with ~500 players which include globally diversified players, regional players as well as a large number of country-niche players with their niche in adopting advanced technology, such as fermentation technology to enhance the texture of products.

Moreover, companies are competing on various parameters such as partnerships, new products offering, business models, marketing strategies, pricing, campaign, and more. Country-niche players comprise about ~65% of the total competitors, while regional players constitute ~30% of competition.

Some of the major players in the market include Arbonne International LLC, Coty Inc., Gabriel Cosmetics, L'Oreal S.A., Lush Retail Ltd., Shiseido Company, Limited, Plum, Disguise Cosmetics, Estee Lauder Companies Inc., Pacifica Beauty LLC, Amway Corp., L'Occitane en Provence, and among others.

Conclusion

The global vegan cosmetics market is forecasted to continue the exponential growth at ~6% that is witnessed since 2017. The major driving factor contributing to the growing popularity of plant-based products, combined with the emerging veganism trend.

Though the market is highly competitive with around ~500 participants, Country-niche players comprise the dominant share of competitors and regional players also hold a significant share.

Key Topics Covered in the Report

  • Snapshot of the Global Vegan Cosmetics Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Vegan Cosmetics Market
  • Historic Growth of the Overall Global Vegan Cosmetics Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter's 5 Forces Analysis of the Global Vegan Cosmetics Industry
  • Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
  • Covid-19 Impact on the Overall Global Vegan Cosmetics Market
  • Future Market Forecast and Growth Rates of the Total Global Vegan Cosmetics Market and by Segments
  • Market Size of Product Type, Distribution Channel, and Gender Segments with Historical CAGR and Future Forecasts
  • Analysis of the Global Vegan Cosmetics Market
  • Major Production/Supply and Consumption/Demand Hubs within Each Region
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

  • Arbonne International LLC
  • Coty Inc
  • Gabriel Cosmetics
  • L'Oreal S.A
  • Lush Retail Ltd
  • Shiseido Company, Limited
  • Plum
  • Disguise Cosmetics
  • Estee Lauder Companies Inc
  • Pacifica Beauty LLC
  • Amway Corp
  • L'Occitane en Provenc
  • Five Dot Botanics Limited
  • Biossance
  • Arata
  • BioClarity
  • Asa beauty
  • Iba Cosmetics
  • FAE beauty
  • Daughter Earth

Scope of the Report

Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022E-2028F

By Product Type

  • Skin Care
  • Hair Care
  • Makeup
  • Others

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Online Channels
  • Others

By Gender

  • Women
  • Men

By Region

  • North America (USA, Canada, and Mexico)
  • Europe (France, Italy, Germany, Spain, UK, and Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia Pacific)
  • LAMEA (Latin America, Middle East, and Africa)

For more information about this report visit https://www.researchandmarkets.com/r/e0vawi

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