With rising awareness about the possible negative impacts of animal-derived products, the demand for vegan products, including vegan cosmetics, has increased.
This is according to new research from ReportLinker, which maintains that because vegan cosmetics are manufactured from natural or plant-based ingredients, they are beneficial for the skin.
States the research: “Vegan cosmetics improve skin health and reduce the chances of acne, dark circles, and other skin abnormalities. Hence, the preference for vegan products is rising among consumers which, in turn, is fueling the growth of the vegan cosmetics market at a CAGR of over 6% from 2019 until 2023.”
However, the research notes that the stringent guidelines for obtaining vegan certification, and challenges in formulating cosmetics with natural ingredients, may hamper the growth of the vegan cosmetics industry over the forecast period.
For more information visit www.reportlinker.com