Sarasota, FL -- (SBWIRE) -- 04/24/2019 -- Global Vegan Cosmetics Market: Overview
Cosmetic products that do not consist of any animal ingredients or even animal-derived ingredients are vegan. This includes honey, collage, gelatin, and many more. The increasing vegan population is one of the reasons that the market players are marketing more on vegan products. Vegan people are not only opting for a vegan diet but are trying to avoid any type of animal-based products such as clothing, cosmetics, etc. thus boosting the vegan cosmetic industry.
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Global Vegan Cosmetics Market: Growth Factors
The key factors driving the vegan cosmetics market are growing demand for personal care products and the rising awareness about vegan and cruelty-free products. As the consumers are becoming aware of the effects occurring to the environment and the society due to their purchasing patterns and choices they are making efforts to avoid purchasing products that can leave harmful effects. As a result, people prefer more to products that are herbal. Since the cosmetic industry is one of the most competitive markets, market players always need to come up with topmost innovations and effectiveness in their products. Moreover, increasing awareness among the consumers about the environment is encouraging the market players to make products that are not derived from animals instead opting for other resources. All these factors are triggering the growth of the vegan cosmetics market. Growing rate of research and development activities for innovations in the products is also boosting the vegan cosmetics market. The recent trend of increasing views of blogs dealing with beauty, personal care, and about the products along with its benefits and effectiveness is also positively marketing vegan cosmetic products. Thus in the coming years, the vegan cosmetics market is anticipated to witness significant growth.
Global Vegan Cosmetics Market: Segmentation
The global vegan cosmetics market is segmented based on the product and sales channel. On the basis of product, the market is segmented into makeup, skin care, hair care, and others. Based on the sales channel, the market is categorized into e-commerce, hypermarket/supermarket, specialty stores, departmental stores, and others.
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Global Vegan Cosmetics Market: Regional Analysis
Most of the population in the North American region favors using vegan cosmetics; they also support using cosmetics that are cruelty-free, i.e., the cosmetics are not tested on animals. The region is anticipated to witness faster growth in the cosmetics market as compared to other regions. The rising popularity of vegan products among the people and the increasing inclination towards herbal cosmetics are factors boosting the growth of the vegan cosmetics market in North America. Furthermore, the presence of major market players coupled with their growing product portfolio is benefiting the market positively.
Asia Pacific vegan cosmetics market is also expected to witness a good growth rate owing to the increasing concerns from the consumers about transdermal nature of the cosmetics. Japan, China, and Korea are the major markets in the cosmetic industry. Growing sales channel also benefits the growth of the vegan cosmetics market.
Global Vegan Cosmetics Market: Competitive Players
Prominent players in the vegan cosmetics market are Ecco Bella, Billy Jealousy, Modern Minerals Makeup, Urban Decay, Bare Blossom, and MuLondon Organic, among others.
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Global Vegan Cosmetics Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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