AUSTRALIA VEGAN COSMETICS MARKET

INTRODUCTION

These include, among other things, beeswax, uric acid from cows, and insect extracts. On the other hand, animal testing, animal components, and ingredients originating from animals are not present in vegan beauty and cosmetic products.

Simply said, cruelty-free beauty refers to a product that isn't tested on animals, whereas vegan beauty refers to the lack of animal substances. To put it another way, a vegan product could have been tested on an animal, and a cruelty-free product could still have animal ingredients.

It simply implies that no animal byproducts or components originating from animals, such as carmine, lanolin, or beeswax, are present in the product. It's crucial to remember that cruelty-free does not necessarily equate to vegan. Instead, it means that the items were never subjected to animal testing.

Eco-friendly - Vegan cosmetics do not contain any animal products, including beeswax, and instead substitute their active ingredients with natural plant and vegetable-based substances. In order to minimise environmental damage, vegan cosmetics are also packaged with recyclable materials.

Products made from vegan ingredients are safe for skin and hair. By utilising them, the chance of developing skin illnesses such as rashes, asthma, eczema, acne, skin inflammation, and other skin conditions is reduced. Vegan cosmetics are completely cruelty-free because they are never tested on animals.

AUSTRALIA VEGAN COSMETICS MARKET SIZE AND FORECAST

The Australia Vegan Cosmetics Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

NEW PRODUCT LAUNCH

Through its online mall LDF BUY, Lotte Duty Free the duty-free recently introduced a selection of vegan cosmetics.

Since the vegan cosmetics are not duty-free goods, South Korean customers do not need to travel outside of the nation to buy them online through LDF BUY. The aforementioned brands all employ eco-friendly ingredients and don't subject animals to testing

The certification of vegan products on packaging is also gaining popularity and satisfies many ethical consumer demands. Veganism is typically understood to mean a product has not been tested on animals and does not contain any animal products or byproducts.

which are all categorised as Vegan. The Down Under mentality, which runs like a thread across the entire company, is centred on sustainability. There are no tests carried out by Down Under Enterprises.

COMPANY PROFILE

• Inika Vegan and Organic Makeup
• Aesop Natural and Cruelty-Free Skincare
• Kester Black Vegan Nail Polish
• Scout Cosmetics
• Hurraw
• O&M
• Eco Tan

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Vegan Cosmetics are manufactured per annum in Australia? Who are the sub-component suppliers in this region?
2. Cost breakup of a Australia Vegan Cosmetics and key vendor selection criteria
3. Where is the Vegan Cosmetics manufactured? What is the average margin per unit?
4. Market share of Australia Vegan Cosmetics market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Australia Vegan Cosmetics in-house
6. key predictions for next 5 years in Australia Vegan Cosmetics market
7. Average B-2-B Vegan Cosmetics market price in all segments
8. Latest trends in Vegan Cosmetics market, by every market segment
9. The market size (both volume and value) of the Vegan Cosmetics market in 2023-2030 and every year in between?
10. Production breakup of Vegan Cosmetics market, by suppliers and their OEM relationship