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October 1, 2018
By: TOM BRANNA
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 a report from ResearchAndMarkets.com. According to the company’s “Vegan Cosmetics Market Size, Share & Trends Analysis Report By Product (Skin Care, Hair Care, Makeup), By Sales Channel (E-Commerce, Supermarket, Departmental Store, Specialty Store), And Segment Forecast, 2018-2025” report, spiraling demand for vegan cosmetics among Millennials is one of the primary growth stimulants of the market. Rapidly changing cosmetic trends are affecting the global marketplace as most of the consumers find cruelty toward animals unethical and are spreading awareness against this animal testing. Moreover, embracing natural substitutes such as plant-based personal care products is working in favor of the market. More info: www.researchandmarkets.com
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