North America Vegan Cosmetics Market Overviews
North America Vegan Cosmetics Market was valued at USD 5.31 billion in 2023. North America Vegan Cosmetics Market size is estimated to grow at a CAGR of 6.61% over the forecast period.
Vegan cosmetics refer to organic beauty products that precisely include plant-based extracts and environmental-friendly derivatives. These products are considered to be cruelty-free, and animals are not harmed in the production of vegan cosmetics. Naturally, these items don’t have any components or ingredients that are sourced from animals. The main ingredients in these vegan cosmetic products are often natural, organic, and plant-based. These goods contain, among other things, vitamins, gelatin, honey, minerals, and antioxidants. With the rising trend of veganism among the population of the region, the North American market for vegan cosmetics is expected to experience promising growth in the ensuing years of the forecast period.
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North America Vegan Cosmetics Market Scope and Methodology:
The industry for vegan cosmetics has been significantly boosted by support from well-known international groups. For instance, People for the Ethical Treatment of Animals (Peta) often publishes a list of the best vegan beauty brands. The majority of businesses view being included on this list as having tremendous leverage. As a result, vegan certification is given more attention by cosmetic companies. Peta collaborates with businesses that create and market vegan products. These businesses can use the Peta-approved logo on their tags and labels once they have been approved. The mottos and logos of these organizations are no longer unknown to consumers. Naturally, in a highly competitive beauty sector, items with vegan-certified branding and certificates will have a distinct advantage.
North America Vegan Cosmetics Market Regional Insights
The United States held the largest market share in 2023 & predicted to lead the market, and this trend is expected to continue in the years ahead. This is due to the significant portion of American consumers favour one brand over others based on its natural and ethical formulation, and sales of vegan beauty products have grown significantly in the country alone over the past few years. In recent years, the demand for safe, natural, and organic vegan cosmetics products has increased as a result. Based on effectiveness, longer-lasting protection, and clinical qualities, the purchases are made. The market’s apparent demand for vegan components has prompted the majority of businesses to introduce goods with natural ingredients, such as plant-inspired and premium botanical ingredients with multifunctional capabilities.
North America Vegan CosmeticsMarket Segmentation
By Products, Hair Care dominated the market with more than 51% share in the market. Hair Care dominated the market due to Vegan hair care includes a wide range of items such as shampoo, hair oil, conditioner, hair masks, and others and is offered in many forms to meet client needs, which in turn is boosting the market’s demand for hair care products.
North America Vegan Cosmetics Market Key Players
e.l.f. Cosmetics Inc. (US)
Avalon Natural Products Inc. (US)
Kendo Holdings Inc. (US)
Yes To Inc. (US)
Amway Corporation (US)
Ecco Bella (US)
Billy Jealousy (US)
Modern Minerals Makeup(US)
Kosé Corporation (Japan)
Plum Goodness (India)
Natura (Brazil)
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Key questions answered in the North America Vegan Cosmetics Market are:
- What is North America Vegan Cosmetics ?
- What was the North America Vegan Cosmetics market size in 2023?
- What is the growth rate of the North America Vegan Cosmetics Market?
- Which are the factors expected to drive the North America Vegan Cosmetics market growth?
- What are the different segments of the North America Vegan Cosmetics Market?
- What growth strategies are the players considering to increase their presence in North America Vegan Cosmetics ?
- What are the upcoming industry applications and trends for the North America Vegan Cosmetics Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the North America Vegan Cosmetics Market?
- Who are the leading companies and what are their portfolios in North America Vegan Cosmetics Market?
- What segments are covered in the North America Vegan Cosmetics Market?
- Who are the key players in the North America Vegan Cosmetics market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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