PUBLISHER: TechNavio | PRODUCT CODE: 1172633
PUBLISHER: TechNavio | PRODUCT CODE: 1172633
Technavio has been monitoring the vegan cosmetics market and it is poised to grow by $5872.81 mn during 2023-2027, accelerating at a CAGR of 6.5% during the forecast period. Our report on the vegan cosmetics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing preference for cruelty-free cosmetics from consumers, the growth of cosmetic industry, and promotional and marketing strategies employed by cruelty free cosmetics vendors.
Technavio's vegan cosmetics market is segmented as below:
By Distribution Channel
By Type
By Geographical Landscape
This study identifies the increase in strategic acquisitions and investments as one of the prime reasons driving the vegan cosmetics market growth during the next few years. Also, the introduction of new cruelty free cosmetic products and the growth of e-commerce market will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the vegan cosmetics market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading vegan cosmetics market vendors that include Coty Inc, Debenhams Plc, e.l.f. Beauty Inc., Kose Corp., LOreal SA, Lush Retail Ltd., MAV Beauty Brands Inc., Milk Makeup LLC, MO MI by Modern Minerals Inc., Natura International Inc., New Earth Beauty LLC, New Milani Group LLC, Pacifica Beauty LLC, PHB Ethical Beauty Ltd., PUIG S.L., The Estee Lauder Co Inc, Unilever PLC, and Yes To Inc. Also, the vegan cosmetics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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