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Vegan Cosmetics Market to Reach $28.5 Billion, Globally, by 2031 at 5.9% CAGR: Allied Market ResearchConsciousness regarding enhancement of the overall personality and increase in the vegan and vegetarian population drive the growth of the global vegan cosmetics market. ![]() Prime determinants of growth Consciousness regarding enhancement of the overall personality, increase in the vegan and vegetarian population, expansion of the vegan cosmetics business, and increase in disposable income drive the growth of the global vegan cosmetics market. However, the high prices associated with these cosmetics and the absence of common rules for vegan certification restrain the market growth. Organic and vegan cosmetic products are perceived to be safer than chemical skincare products, therefore opportunities in the vegan cosmetics market are expected to be rising. Covid-19 Scenario
Request Sample Report at https://www.alliedmarketresearch.com/request-sample/16708 The women segment to maintain its leadership status throughout the forecast period Based on gender, the women segment held the highest market share in 2021, accounting for nearly four-fifths of the global vegan cosmetics market, and is estimated to maintain its leadership status throughout the forecast period, owing to wide availability of cosmetics products for women. However, the children segment is projected to manifest the highest CAGR of 7.6% from 2022 to 2031, due to the increasing usage of cosmetic products by children. The hypermarkets/supermarkets segment to maintain its lead position during the forecast period Based on distribution channel, the hypermarkets/supermarkets segment accounted for the largest share in 2021, contributing to nearly two-fifths of the global vegan cosmetics market, and is projected to maintain its lead position during the forecast period. This is attributed to rapid westernization trends and emergence of modern trades in developing regions.However, the online stores segment is expected to portray the largest CAGR of 7.8% from 2022 to 2031, owing to the increased association of internet and e-shopping with consumers in developing regions. Based on region, For Purchase Enquiry at https://www.alliedmarketresearch.com/purchase-enquiry/16708 Leading Market Players: -
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About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
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