The vegan cosmetics market size was USD 15.87 billion in 2021. The market is projected to grow USD 24.79 billion in 2028 at a CAGR of 6.57% during the 2023-2028 period. This vital information is presented by Fortune Business Insights™, in its report, titled, “Vegan Cosmetics Market, 2023-2028.” Factors such as veganism turning into a mainstream trend and increasing consumer base focusing on sustainability activities will increase the footprint of the market during the forecast period.
Information Source:
https://www.fortunebusinessinsights.com/vegan-cosmetics-market-106594
Report Coverage-
The report is highly analytical and contains valuable insights into the industry by shedding light on critical aspects such as related markets, competitive landscape, and recent industry developments. Additionally, the report also sheds light on mergers acquisitions, SWOT analysis, the regulatory scenario in critical countries, and key industry trends. The report also contains factors that are expected to affect the market in a positive/negative manner.
Segments-
On the basis of type, the market can be divided into skin care, hair care, makeup, and others.
By distribution channel, the market can be broken into e-commerce, hypermarkets/supermarkets, departmental stores, specialty stores, and others.
In terms of geography, the market can be categorized into North America, Europe, Asia Pacific, South America, and the Middle East Africa.
Industry Development-
- November 2021: CoverGirl, launched a new collection of vegan makeup essentials under its Clean Fresh label. The brand advertised its new collection to feature natural ingredients and vegan formulas extracted from aloe extract and coconut milk.
