The United States Vegan
Cosmetic market is anticipated to grow at a rate of robust CAGR for the
forecast period, 2022-2026. High demand from the youth population for Vegan
Cosmetics due to increasing consumer awareness is the primary driving factor
responsible for the market growth.
Vegan Cosmetics refer to
that product that does not contain any animal-derived or animal-based products
in the manufacturing process. Vegan Cosmetics do not have the extracts of dead
animals and are 100% cruelty-free. The high demand for Vegan Cosmetics is
expected to lower animal cruelty cases as the low sales of non-vegan sales will
stop the manufacturers from using animals in their manufacturing process. Vegan
Cosmetics are highly preferred for sensitive skin types as they are composed of
fewer ingredients than non-Vegan Cosmetics products.
The addition of extra
components in cosmetics can develop rashes, dry skin, allergies, amongst
others. Major cosmetics market players are trying to launch products that use
natural ingredients that are mineral-based, or plant-based, as Vegan Cosmetics
are in high demand among consumers owing to their superior properties.
Growing E-Commerce Industry Drives the
Market Growth
Buying Vegan Cosmetics from retail stores is a
tedious task as it requires the consumer to check the ingredients used for
making the Vegan Cosmetics constantly. The majority of the brands available at
the drugstore or retail stores are still non-vegan, and they stock up a much
smaller number of vegan products. Online retailers stock up a large number of
products belonging to different products, and the product in demand can be
easily obtained by scrolling through their online sales channel. Vegan cosmetic
products are available at lower rates than physically purchasing the products.
Market players are making interactive and user-friendly websites and mobile
applications to attract more customers.
The facility of doorstep delivery, easy
exchange options, availability of cash-on-delivery, and cashless payment
options are contributing to fuel their demand across the globe. The use of
advanced technologies such as big data analytics, machine learning, and
artificial intelligence to generate intelligent insights and create
personalized shopping experiences for consumers is attracting more customers to
buy online. The strong competition among the online market players makes them
adopt customer-friendly measures and offer lucrative discounts to boost the sales
of Vegan Cosmetics in the United States.
Increasing Consumer Awareness About
Animal Cruelty Supports High Market Demand
The shift in consumer preference and the
rapidly changing cosmetic trends as the majority of the consumers find cruelty
towards animals unethical and wrong. The growing consumer awareness towards the
misuse of animals in cosmetic testing and the awareness campaigns organized by
the NGOs, support groups, and the market players are making the consumers shift
to adopt Vegan Cosmetics for daily use.
Consumers prefer to purchase
environment-viable cosmetic products, and the increasing popularity of
naturally derived and safer cosmetic products is expected to influence market
demand. The launch of plant-based and natural ingredients cosmetics in the
manufacturing of cosmetics and the use of attractive packaging is expected to
create lucrative opportunities for the United States Vegan Cosmetics market
growth.
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Market Segmentation
The United States Vegan Cosmetic market
is segmented on the basis of product type, distribution
channel, regional distribution, and company. Based on the product type, the
market is divided into skin care, hair care, makeup, and others. Based on the distribution
channel, the market is divided into hypermarket/supermarket, specialty stores,
departmental stores, online. To analyze the market based on the region, the United
States Vegan Cosmetic market is studied in major regions namely Southern
region, Western region, Mid-Western region, and North-Eastern region.
Market Players
Coty Inc., Billy Jealousy, Beauty
Without Cruelty, Gabriel Cosmetics Inc., Pacifica Beauty LLC., Loreal SA (Urban
Decay), e.l.f, Cosmetics Inc., Cosmax Usa Corporation, Emma Jean Cosmetics Inc.,
Yves Rocher Amérique du Nord Inc, are among the major market players in the United
States that lead the market growth of the United States Vegan Cosmetic market.
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Attribute
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Details
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Base Year
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2020
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Historic Data
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2016 –
2019
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Estimated Year
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2021
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Forecast Period
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2022
– 2026
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Quantitative Units
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Revenue in USD Million, and CAGR for 2016-2020 and 2021-2026
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Report coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
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Segments covered
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- Product Type
- Distribution Channel
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Regional scope
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South,
West, Mid-West, North-East
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Key companies profiled
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Coty Inc., Billy Jealousy, Beauty Without Cruelty, Gabriel
Cosmetics Inc., Pacifica Beauty LLC., Loreal SA (Urban Decay), e.l.f,
Cosmetics Inc., Cosmax Usa Corporation, Emma Jean Cosmetics Inc., Yves Rocher
Amérique du Nord Inc
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Customization scope
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10%
free report customization with purchase. Addition or alteration to regional
& segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and
Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
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Report Scope:
In this report, United States Vegan
Cosmetic market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- United States Vegan Cosmetic Market, By Product
Type:
- Skin Care
- Hair Care
- Makeup
- Others
- United States Vegan Cosmetic Market, By Distribution
Channel:
- Hypermarket/Supermarket
- Specialty Stores
- Departmental Stores
- Online
- United States Vegan
Cosmetic Market, By Region:
- South
- West
- Mid-West
- North-East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United States Vegan Cosmetic market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
United States Vegan
Cosmetic Market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]