Global Vegan Cosmetics Market Analysis and Forecast, 2022–2030
Vegan Cosmetics Market Growth & Trends According to a recent report published by Grand View Research, Inc., the global vegan cosmetics market is projected to attain a valuation of USD 26.16 billion by the year 2030, expanding at a compound annual growth rate (CAGR) of 6.3% between 2022 and 2030. The market's expansion is being largely driven by a rising global consciousness surrounding ethical consumerism, particularly the avoidance of animal cruelty in product development. Increasing consumer awareness about the ethical and environmental implications of traditional cosmetic manufacturing processes has significantly bolstered the demand for natural and organic vegan cosmetic products. Furthermore, the widespread adoption of veganism, which has seen a notable surge in popularity especially following the COVID-19 pandemic, has positively influenced consumer buying behavior. This shift in lifestyle choices has substantially fueled t...