Global Vegan Fashion Market to Reach US$ 835.7 Bn by 2030 ... - GlobeNewswire

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| Source: CMI

Burlingame, Jan. 16, 2023 (GLOBE NEWSWIRE) -- The planetary vegan fashion market was valued astatine US$ 451.7 Bn successful 2021 to US$ 835.7 by 2030 and is expected to grounds a CAGR of 7.1% during the forecast play (2022-2030).

Key Trends and Analysis of the Global Vegan Fashion Market:

During the forecast period, expanding request for vegan products successful the marketplace specified arsenic footwear, clothing, cosmetics, and others tin emerging economies is expected to thrust the planetary vegan manner marketplace growth. Rising request for vegan products and its assorted benefits to the hairsbreadth and tegument specified arsenic chemical-free and biology affable tin helps to propel the vegan manner marketplace growth.

Due to the wide assortment of merchandise types, vegan manner has seen indispensable maturation successful the planetary vegan manner marketplace during the forecast period. Vegan manner manufacturing companies are continuously incorporating vegan products successful a assortment of cosmetics, footwear, clothing, and others tin assistance to boost the income of vegan products successful the coming years.

The expanding fig of caller startups offering vegan manner products and the enlargement of the vegan manufacture volition further thrust the planetary vegan manner marketplace maturation successful the upcoming years For instance, successful August 2022, a plant-based tegument and hairsbreadth attraction brand, ‘OrgaGlo’ has joined India's idiosyncratic attraction and cosmetic manufacture with 18 antithetic products, the products are categorized nether babe care, hairsbreadth care, look care, and assemblage care. These vegan and carnal cruelty-free products tin assistance OrgaGlo to summation the merchantability of vegan cosmetics successful the Indian Market.

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Key Market Takeaways

The planetary vegan manner marketplace is expected to grounds a CAGR of 7.1% implicit the forecast play (2022-2030). In China, the vegan manner marketplace is anticipated to grow astatine a robust gait implicit the adjacent 10 years, owed to the expanding fig of plant-based alternate startups specified arsenic Good Catch and rising user request for earthy products.

Competitive Landscape:

Major players operating successful the planetary vegan fashion marketplace see SUSI Studio, Insecta Shoes Canada Inc., ROMBAUT, In The Soulshine, Della La LLC, Reformation, Alabama Chanin, Wawwa, Doshi FCSA, Hiareth Collective, Komodo Fashion, Brave Gentle Man, ECOALF, Rapanui, and Tact & Stone.

Major players are utilizing antithetic strategies specified arsenic mergers, acquisitions, and capableness expansion, owing to rising request for globl vegan manner market. For instance, successful March 2021, a vegan cosmetic manufacturing brand, ‘Artistry’ launched a caller skincare merchandise specified arsenic compact that is powered by innovative exertion tegument science, and vegan phytonutrients with bully ingredients and make the merchandise for steadfast beauty.

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Market Segmentation:

  • Global Vegan Fashion Market, By Product Type
    • Footwear
    • Accessories
    • Clothing
    • Others
  • Global Vegan Fashion Market, By Gender
    • Men
    • Women
  • Global Vegan Fashion Market, By Price Point
    • Premium
    • Economic
  • Global Vegan Fashion Market, By Distribution Channel
    • Offline
      • Supermarket
      • Hypermarket
      • Specialty Stores
    • Online
  • Global Vegan Fashion Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Country:
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • South Korea
        • ASEAN
        • Australia
        • Rest of Asia Pacific
    • Latin America
      • By Country:
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • By Sub-region:
        • Middle East
        • Africa

Related Market Intelligence Reports:

Vegan Footwear Market, by Product Type (Shoes, Sandals, Heels, Flats, Sneakers), by Material Type (Microfiber, Polyurethane, Recycled Plastics, and Others), by End-use (Children, Male, and Female), by Distribution Channels (Offline [Supermarket and Hypermarket], Online, and Specialty Stores), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 – 2030

Caribbean Duty Free Retailing Market, by Product Type (Fragrance & Cosmetics, Wines & Spirits, Fashion & Accessories, Tobacco, Watches & Jewelry, Confectionary & Fine Foods, and Gifts and Others) and by Sales Channel (Air Terminals, Ports, and Others) - Size, Share, Outlook, and Opportunity Analysis, 2022 – 2028

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