Market research specialists Market Research recently published a new analysis of the global vegan cosmetics market, predicting robust annual growth rates through 2027. The report features detailed industry insights, sales figures, and other important information about the target market and its various trends, drivers, limitations, opportunities and threats through to 2027.
Vegan cosmetics are developed and produced without animal ingredients or animal testing. Among the most important certifications in this area are the Vegan Society and Vegan Action labels.
Growing consumer awareness of cosmetic ingredients and eco-friendly lifestyles are key factors driving the growth of the global vegan cosmetics market. The growth of veganism, increasing opposition to animal testing, and rising demand for chemical-free and natural products are also expected to support the growth of the global market.
However, the high cost of vegan cosmetics and limited product diversity are the main factors likely to hamper the growth of the global vegan cosmetics market.
The market report also provides insightful and detailed information on the various players in the market, finances, supply chain trends, technological innovations, key developments, future strategies, acquisitions and mergers, and market presence.
Click here for the full report.