Vegan beauty products are manufactured without causing any harm to animals. Naturally, these products do not contain any kind of animal-derived elements or ingredients. In majority of the cases organic and plant-based ingredients are the key components of such vegan cosmetic products. These products include elements such as vitamins, collage, minerals, gelatin, honey, and antioxidants among others. The global market for vegan beauty products is expected to achieve promising growth in the coming years of the forecast period with the growing trend of veganism among global population.
One of the biggest driving factor for the growth of the global vegan beauty products is the recent surge of the population adopting vegan diet and approach in their lives. As the number of people who follow strict veganism grow, naturally, the growth of the vegan beauty products market will have a positive development. In addition to this, several governments across the globe are implanting strict guidelines and are issuing regulations about the animal testing. Moreover, growing preference towards using organic and plant-based personal care and beauty products is also helping to drive the growth of the global vegan beauty products market.
Another important driving factor for the growth of the vegan beauty products is the growing research and development activities to provide more efficient and reliable products. The R&D activities are driven by the evolving needs of the consumers and thus in the end are helping to drive the growth of the global market. Recently, the State Assembly of the US unanimously passed an act called Cruelty-free Beauty products Act (SB 1249). This new bill will restrict the sale of beauty products and other beauty care products that have animals as test subjects. This law will come into effect from January 1 2020. The violators will face hefty charges such as US$5000 with more US$1000 per day till the time the violation is dissolved.