Vegan Cosmetics Global Market Growth Analysis, Industry Insights, Outlook 2023 To 2032

The Business Research Company’s Vegan Cosmetics Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Vegan Cosmetics Global Market Report 2023 evaluates vegan cosmetics market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global vegan cosmetics market size will grow from $15.97 billion in 2022 to $17.37 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of vegan cosmetics is expected to grow to $22.63 billion in 2027 at a CAGR of 6.8%.

The emerging popularity of veganism is expected to drive the growth of the vegan cosmetics market going forward. Veganism refers to abstaining from using products that are made from animals. A lot of animal abuse and animal cruelty are involved in making cosmetics. Therefore, people have been going vegan and preferring plant-based products to avoid being part of this animal cruelty. For instance, In October 2021, according to Vegan Beauty Takeover report, released by The Vegan Society it is estimated that over 80% of all the new vegan items were launched in the beauty category in 2020. Furthermore, according to Vegetarian Times, a US-based publication focused on food, culture, and lifestyle for vegetarians, in 2022, 9.7 million Americans will follow a vegetarian diet, and one million of whom will be vegan. Also, women make up 59% of plant-based eaters, while men make up 41%. Therefore, the emerging popularity of veganism is driving the demand for the vegan cosmetics market.

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The vegan cosmetics market segments in the report are:
1) By Product: Skin Care, Hair Care, Color Cosmetics, Other Products|
2) By Nature: Organic, Conventional
3) By Customer Orientation: Women, Men, Unisex, Kids
4) By Distribution Channel: Hypermarkets and Supermarkets, Specialty Stores, E-commerce, Other Distribution Channles

The table of contents in TBRC’s vegan cosmetics market report includes:
1. Executive Summary
2. Vegan Cosmetics Market Characteristics
3. Vegan Cosmetics Market Trends And Strategies
4. Vegan Cosmetics – Macro Economic Scenario
5. Vegan Cosmetics Market Size And Growth
……………………………………………………………………..
26. Africa Vegan Cosmetics Market
27. Vegan Cosmetics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vegan Cosmetics Market
29. Vegan Cosmetics Market Future Outlook and Potential Analysis
30. Appendix
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