08.29.18
The global vegan cosmetics market size is projected to reach $20.8 billion by 2025, progressing at a CAGR of 6.3% during the forecast period, according to data released by ResearchandMarkets.com.
Spiraling demand for vegan cosmetics among millennials is one of the primary growth stimulants of the market.
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 favor of the market. Ecommerce retail spaces have gained tremendous momentum over the last few years owing to ease of product selection and easy order placing and delivery, noted the research group, which is headquartered in Dublin.
Spiraling demand for vegan cosmetics among millennials is one of the primary growth stimulants of the market.
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 favor of the market. Ecommerce retail spaces have gained tremendous momentum over the last few years owing to ease of product selection and easy order placing and delivery, noted the research group, which is headquartered in Dublin.