Global Vegan Cosmetics Market Analysis & Forecasts, 2018-2025 - Market Size is Projected to Reach USD 20.8 Billion
DUBLIN, Aug 29, 2018 /PRNewswire/ --
The "Vegan Cosmetics Market Size, Share & Trends Analysis Report By Product (Skin Care, Hair Care, Makeup), By Sales Channel (E-Commerce, Supermarket, Departmental Store, Specialty Store), And Segment Forecast, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global vegan cosmetics market size is projected to reach USD 20.8 billion by 2025, progressing at a CAGR of 6.3% during the forecast period.
Spiraling demand for vegan cosmetics among millennials is one of the primary growth stimulants of the market.
Rapidly changing cosmetic trends are affecting global marketplace as most of the consumers find cruelty towards animals unethical and are spreading awareness against this act. Moreover, embracing natural substitutes such as plant-based personal care products is working in favor of the market.
Use of animal products such as hair, fur, and others is banned in few countries of developed region such as Europe. This, in turn, is poised to boost the growth of the market. In addition, growing popularity of safer and naturally derived cosmetics is anticipated to augment the market. Increasing concerns regarding health & safety, consumer awareness about use of animal-tested products, and rising importance given to environmentally viable products are likely to stir up the demand for vegan cosmetics.
E-commerce retail spaces have gained tremendous momentum over the last few years owing to ease of product selection and easy order placing and delivery. With the advent of products in 2011, China recorded more than 65.0% hit in online vegan cosmetics sale, owing to shift in consumer shopping experience from hypermarkets and specialty stores to E-commerce platforms.
Major cosmetics manufacturing companies across the globe are realizing the importance of making products that use ingredients, which are mineral-based or plant-based, rather than manufacturing products that are infused with animal extracted ingredients. Vegan cosmetics are gaining popularity due to their superior properties.
Further key findings from the report suggest:
- Choices in cosmetics available to vegan have rapidly expanded in past few years with new brands launching and existing brands choosing to launch new ranges of vegan products or even go completely vegan
- Skin care products dominated the market in terms of revenue, with a share of over 36.0% in 2017, owing to consumer preferences across diverse regions
- E-commerce is estimated to register a CAGR of 7.4% over the forecast period owing to ease of product selection and availability of wide range of products and promotional offers
- The U.S. vegan cosmetics market is expected to exceed USD 3.16 billion by 2025, owing to presence of various manufacturers and suppliers of vegan cosmetics
- The market for vegan cosmetics is highly competitive due to presence of a number of international companies with diverse product portfolios
- Some of the key companies present in the market are Zuzu Luxe, Ecco Bella, Bare Blossom, Emma Jean Cosmetics, Modern Mineral Makeup, Urban Decay, Arbonne, Pacifica, Nature's Gate, Beauty Without Cruelty, Billy Jealousy, and MuLondon Organic
Key Topics Covered:
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Market snapshot
Chapter 3 Vegan Cosmetics Market Variables, Trends & Scope
3.1 Market segmentation
3.2 Market size and growth prospects, 2014 - 2025
3.3 Vegan cosmetics market value chain analysis
3.4 Regulatory framework
3.5 Vegan cosmetics market dynamics
3.5.1 Market driver analysis
3.5.1.1 Increasing popularity of safer and naturally-derived cosmetics
3.5.1.2 Increase in demand for vegan cosmetics among millennials
3.5.2 Market restraint analysis
3.5.2.1 High penetration of organic and halal cosmetics
3.6 Key opportunities prioritized
3.7 Vegan cosmetics industry analysis - Porter's
3.8 Vegan cosmetics PESTEL analysis
3.9 Global vegan and halal cosmetics market overview
3.9.1 Product sales comparison, by sales channel, 2014 - 2017
3.9.2 Key market players, 2017
3.9.2.1 Global halal cosmetics market; Key market players, 2017
3.9.2.2 Global vegan cosmetics market; Key market players, 2017
Chapter 4 Vegan Cosmetics Market: Product Estimates & Trend Analysis
4.1 Product market introduction, 2017 & 2025
4.2 Skin care
4.3 Hair care
4.4 Makeup
4.5 Others
Chapter 5 Vegan Cosmetics Market: Sales Channel Estimates & Trend Analysis
5.1 Sales Channel market introduction, 2017 & 2025
5.2 E-commerce
5.3 Hypermarkets/supermarkets
5.4 Departmental stores
5.5 Specialty stores
5.6 Others
Chapter 6 Vegan Cosmetics Market: Regional Estimates & Trend Analysis
Chapter 7 Competitive Landscape
7.1 Vegan cosmetics company heat map analysis, 2017
7.2 Vegan cosmetics company heat map analysis
7.3 Vendor landscape
7.4 Suppliers landscape
7.5 Competitive environment
7.6 Strategy framework
Chapter 8 Company Profiles
- Zuzu Luxe
- Ecco Bella
- Bare Blossom
- Emma Jean Cosmetics
- Modern Minerals Makeup
- Urban Decay
- Arbonne
- Pacifica
- Nature's Gate
- Beauty Without Cruelty (BWC)
- Billy Jealousy
- MuLondon Organic
For more information about this report visit https://www.researchandmarkets.com/research/klpcln/global_vegan?w=5
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