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Showing posts with the label Vegan Cosmetics Market Trend

Vegan Cosmetics Market Segments and Key Trends Analysis by 2025

Spiraling demand for vegan cosmetics among millennials is one of the primary growth stimulants of the market. The Global Vegan Cosmetics Market size is projected to reach USD 20.8 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.3% during the forecast period. 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 favour 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 p...