05 - 06 June 2024 in Munich CosmeticBusiness



08/03/2024 CosmeticBusiness

Vegan Cosmetics Are Experiencing a Real Upswing

A New Study Shows Growing Demand from Consumers Worldwide

Vegan cosmetics are enjoying ever-increasing demand. Market research company Technavio forecasts an average annual growth of 6.5 per cent between 2022 and 2027. During the forecast period, the global market is expected to grow by 5.87 billion US-dollars, according to a recent study by the analysts. Europe is expected to be the most important region with a market share of 36 per cent. According to the market researchers, the proportion of vegans in the population has risen sharply, particularly in the UK. In addition, the country has strict regulations regarding animal-free cosmetics. Further information ...

Adobe Stock, thanksforbuying
Back to all news