Vegan Beauty Products Market Is Expected To Surge At A CAGR Of 6% from 2018-2028

The latest industry analysis on Vegan Beauty Products Market provides sales outlook in 20+ countries, across key categories Product, Application, Sales Channel. Insights on Vegan Beauty Products Market drivers, trends, and influencing factors are also included in the study.

The vegan beauty products market witnessed growth at a CAGR of over 4% in the period 2013-2017. The ever-growing popularity of veganism in the beauty & personal care space is one of the chief factors propelling growth of vegan beauty products market.

Vegan skin care products are likely to witness impressive sales in 2019 and beyond. As skincare products are among the major essentials for a day-to-day skin grooming regimen, consumers are more than ready to pay premium prices for high-quality vegan skin care products.

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Prominent players covered in this research are

  • Arbonne International
  • Pacifica Beauty LLC
  • Huda Beauty
  • Gabriel Cosmetics, Inc.
  • e.l.f. Cosmetics

Competitive Landscape

  • In 2018, L’Oréal S.A. – a key player in the vegan beauty products market – announced the signing of a definitive agreement for the acquisition of Logocos Naturkosmetik AG, a leading German vegan beauty products manufacturer. As per L’Oréal, Logocos owns two leading and authentic vegan brands along with its exclusive expertise in the organic beauty space, which will be offering great advantages to the L’Oréal’s growth strategy. This acquisition reinforces the position of L’Oréal amidst the leading personal care companies offering certified & authentic vegan beauty products.
  • In 2018, Cosmax Inc. – a South Korea-based leading cosmetics manufacturer – made an official announcement that it has become the first company across Asia to attain a ‘Vegan’ label from the Expertise Vegan Europe (EVE) for its exclusive unit manufacturing cruelty-free cosmetic products. This label is foreseen to establish new dimensions of the company’s growth in the vegan beauty products space.

Report Benefits & Key Questions Answered

  • Vegan Beauty Products Market Company & brand share analysis: Company and brand share analysis on Vegan Beauty Products Market reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
  • Vegan Beauty Products Market Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Vegan Beauty Products Market
  • Vegan Beauty Products Market Category & segment level analysis: Fact.MR’s Vegan Beauty Products Market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
  • Vegan Beauty Products Market Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
  • Post COVID consumer spending on Vegan Beauty Products Market: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
  • Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments

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What insights does the Vegan Beauty Products Market report provide to the readers?

  • Vegan Beauty Products Market fragmentation on the basis of product type, end use, and region.
  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
  • Collaborations, R&D projects, acquisitions, and product launches of each Vegan Beauty Products Market player.
  • Various regulations imposed by the governments on the consumption of Vegan Beauty Products Market in detail.

Market Segmentation

  • Product Types
    • Skin Care
    • Hair Care
    • Cosmetics
    • Bath Care
    • Fragrances
    • Tools
  • Customer Orientation
    • Women
    • Unisex
    • Men
    • Kids
  • Price Range
    • Premium
    • Economic
  • Sales Channel
    • Modern Trade
    • Specialty Store
    • Salon & Spa
    • Departmental Store
    • Convenience Store
    • Online Store
    • Drug Store & Pharmacy
    • Other Sales Channels
  • Nature
    • Organic
    • Conventional
  • Region
    • North America
    • Latin America
    • Europe
    • South Asia
    • East Asia
    • Oceania
    • Middle East & Africa

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