Top 5 Vegan Cosmetics Manufacturers in 2022 By Brandessence Market Research

Vegan cosmetics are cosmetics having ingredients of plant origin. Animal originals are not allowed in vegan cosmetics like honey, milk, beeswax or lanolin, because they are derived from animals. Natural cosmetics also contain components of like milk and honey therefore they are cannot be used by vegan people. The cosmetic products labeled the vegan flower from the vegan society in England designates that a cosmetic product is one hundred percent vegan these products do not contain any components derived from animals and were not experienced on animals. In order for a product to have this seal, it must meet certain criteria like the product must be free from animal-based components or animal by-products, and using materials derived from animals is also banned during the production process. Eye shadow, blush, lipstick and foundation, and vegan nail polishes are some options in vegan cosmetics that are becoming increasingly available.

The Vegan Cosmetics Market is valued at USD 15.93 Billion in 2021 and is expected to reach USD 24.76 Billion by 2028 with a CAGR of 6.5% over the forecast.

Vegan cosmetic products and accessories come with packaging that’s manufactured from recycled materials which support eco-friendly Company or brand. Their components list does not include synthetic and cruel chemicals. The revolting ingredients such as SLSs, parabens, dyes, silicones, etc. can be harmful for everyone vegan cosmetics unlikely to cause an allergic reaction. The deficiency of chemical compounds and animal-by products suited to sensitive skin populace. Vegan cosmetic products are also probably to be cruelty- free and are biodegradable and environmentally friendly.

The Covid-19 pandemic has also impacted the global vegan cosmetics market. During the Covid-19 pandemic, due to lockdown-imposed, the working women and college-going girls are at home so the demand of cosmetics decreased. Due to the restrictions in traveling and raw material supply chain disruptions, the vegan cosmetics market growth was also slowed down. However, change in consumers’ inclination during the pandemic led to following healthier cosmetics options causing the sales of organic and vegan products to enlarge, also improved the tendency of online shopping, and personal business brands promoted the market positively post-pandemic.

Top 5 Vegan Cosmetics Manufacturers in Global Market 2022 According To Brandessence Market Research.

1. L'Oreal

Website: www.loreal.com 

Headquarters: 41 Rue Martre, Clichy, Ile-de-France, 92117, France

Employees: 85,000

Revenue: $34 Billion