Vegan Cosmetics Market by Type (Skin Care, Hair Care, Makeup, Others), by North America (U.S., Canada, Mexico), by Europe (Germany, France, Italy, Spain, U.K., Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by Middle East and Africa (UAE, South Africa, Saudi Arabia, Rest of the Middle East & Africa) Forecast 2024-2032
The Vegan Cosmetics Market size was valued at USD 16.92 USD Billion in 2023 and is projected to reach USD 25.37 USD Billion by 2032, exhibiting a CAGR of 5.96 % during the forecast period. Vegan cosmetics are a new concept in the beauty industry which caters to all those who want to use cruelty-free products and those who do not want to use products that contain animal-derived ingredients. This approach is sustainable and meets the needs of consumers with concerns for the environment and its animals. Vegan cosmetics have more to it like vegan skincare products, vegan makeup products, vegan hair cosmetics, and vegan perfumes. They have several characteristics including that they are made of natural and plant-based materials and do not exhibit common allergens like dairy and honey. They focus on sustainable products and are usually delivered in sustainable packaging and their products are ethically sourced from other countries. Lip products market among vegan shoppers, by demographic group, in mainstream stores and online platforms. The advantages of vegan cosmetics go far beyond the need to take care of one’s skin and hair – it refers to the preservation of nature and animals. Consumers, therefore, are leading a shift towards advanced cruelty-free practices and reduction in carbon emissions by choosing vegan alternatives based on their values.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.96% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.96% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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