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Allied Market Research

Vegan Beauty Products Market Type (Skin Care, Cosmetics, Fragrances, Hair Care, Bath Care, Others ) Customer Orientation (Women, Unisex, Men, Kids) Price Range (Premium, Economic) Nature (Organic , Conventional,) Distributional Channels (Specialty Stores, Modern Trade, Salon & Spa, Departmental Stores, Online Stores, Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A08359
Pages: NA
Jun 2021 | 634 Views
 
Author(s) : Shweta
Tables: NA
Charts: NA
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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The vegan beauty products are free from any animal-based ingredients and only use natural plants as ingredients. They are also known as cruelty-free products. The plant-based ingredients beauty products are more beneficial for skin because it has more vitamins, minerals, and antioxidants that repair the skin and hydrate it. Vegan products are better for sensitive or condition prone skin whereas, animals-based ingredient beauty products can be harsh for the skin and close pore. Vegan ingredients include coconut, argan, hemp extract seeds, Camu berry that give vitamins A, E, and C. Increase in the vegan beauty products the demand for such products has increased, which has made it easily available and affordable. The use of vegan beauty products makes the skin healthy and also keep the body healthy.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

2020–2027

  Base year considered

2019

  Forecast period

2021–2027

  Forecast units

Value ($US)

  Segments covered

Type, Customer Orientation, Price Range, Nature, Distribution Channels, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Restof LAMEA)

  Companies covered

Bare Blossom, Billy Jealousy, Urban Decay, Ecco Bella, MuLondon Organic, Modern Minerals Makeup, Pacifica Beauty LLC, ELF Cosmetics, Gabriel Cosmetics Inc., Huda Beauty.

 

COVID-19 Scenario Analysis:

  • The beauty product industry has been declined due to COVID-19, but the impact is not all negative or positive as seen in other industries.
  • Consumers are shifting from color cosmetics to personal hygiene products that are safe and reliable in usage.
  • Demand for skin care and personal hygiene products is rising but there is a decline in the makeup or color cosmetics products.
  • There is an opportunity for companies to grow by offering additional benefits like moisturizing and antibacterial products, and clean labeling.
  • Due to a shift in consumer demand toward skincare and personal hygiene product has made brands to improve supply through online channels along with at-home wellness products.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Rise in awareness about skin issues and health issues can be the factor that drive the growth of the global vegan beauty products market. The shift in the demand for vegan products and awareness about environmental issues has increased the consumption of the vegan product. Consumers are shifting to vegan beauty products because chemical-based products are not safe and natural and cause skin damage. With growing social media, blogging on beauty products has greatly influenced the demand for vegan beauty products. However, some vegan products are expensive that can hamper the growth of the global market. The availability of raw material and substitute products can create a threat to the growth of the global vegan beauty products. Increase in purchasing power, rapid urbanization, changes in living standards, and development in technology in the cosmetic industry create opportunities for the growth of the global market.

The global vegan beauty products market trends are as follows:

  • The e-commerce industry plays an important role in the growth of the global vegan beauty product. The growing online website has increased the sales of the vegan beauty products.
  • The companies are also focusing on the packaging to make it recyclable and that do not harm the environment.
  • With the growing market, the competition has greatly increased due to the entry of new players.
  • The companies are also focusing on expanding their business on a global level through collaboration, mergers, or acquisitions. It can help in acquiring new technology and establishing a strong footing on the foreign market.

Key Segments Covered:

Segments

Sub-segments

  Type

  • Skin Care
  • Cosmetics
  • Fragrances
  • Hair Care
  • Bath Care
  • Others

  Customer Orientation

  • Women
  • Unisex
  • Men
  • Kids

  Price Range

  • Premium
  • Economic

  Nature

  • Organic
  • Conventional

  Distributional Channels

  • Specialty Stores
  • Modern Trade
  • Salon & Spa
  • Departmental Stores
  • Online Stores
  • Others

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global vegan beauty productsindustry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global vegan beauty productsmarket share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global vegan beauty productsmarket growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global vegan beauty productsmarket analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Vegan Beauty Products Market Research Report:

  • What are the leading market players active in the vegan beauty productsmarket?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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