GLOBAL VEGAN COSMETICS MARKET

INTRODUCTION

 Vegan beauty products do not include animal substances, whilst cruelty-free products do not test on animals. A vegan item may have been tested on an animal, while a cruelty-free product may include animal products.

Honey, milk, propolis, and animal-derived vitamin preparations are forbidden in the production of vegan cosmetics. To sumarise, vegan cosmetics must only contain natural extracts from flowers, herbs, vegetables, fruits, and essential oils.

The terms "vegan beauty products" and "plant-based beauty products" are frequently used interchangeably. They are distinct from one another, though. Vegan goods exclude all forms of animal-based components, as opposed to plant-based beauty products, which eliminate animal-based ingredients that entail animal killing or animal suffering.

GLOBAL VEGAN COSMETICS MARKET SIZE AND FORECAST

The Global 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

The demand for chemical-free and ethical cosmetics is increasing daily as a result of the growing sustainability movement as well as knowledge of the negative consequences of traditional makeup.

Elf Cosmetics, a well-known vegan and cruelty-free cosmetics company, has introduced its line in India. The online cosmetics marketplace Nykaa will serve as the brand's retail outlet.

 Elf announced this debut in India, and on January 8th, 2021, it actually happened. The company sells a variety of items, from skincare to different kinds of cosmetics. Their whole line, including their beauty brushes, is vegan.

Animal fur, mostly from minks, is used to manufacture the majority of beauty brushes on the market. The current coronavirus epidemic in mink fur farms in Europe and America has served as a reminder to stop using goods obtained from animals in all facets of life.

Moreover, several companies, including Dove, have decided to become vegan or cruelty-free in response to the growing concerns and awareness about the ethics of goods derived from animal testing.

Animal-friendly lifestyle products have thrived in India. One of India's major online lifestyle shopping platforms, Nykaa, has its own collection of vegan and cruelty-free cosmetics. Fae Beauty, Disguise Cosmetics, Soulflower, Plum, and Iba Halal are a few additional Indian companies that use vegan and cruelty-free products.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many vegan cosmetics are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global 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 Global vegan cosmetics market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global vegan cosmetics in-house
6. key predictions for next 5 years in Global 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