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Insight of the Day: Is The Golden Age of Vegan Beauty Products Slowing to a Halt?

Findings:

  • Vegan beauty products, once a major trend, are losing popularity among consumers.

  • Consumers are prioritizing cruelty-free products and natural ingredients over vegan formulations.

  • Brands like Glossier and Lanolips are seeing success with non-vegan, cruelty-free products.

  • Gisou, a honey-infused cosmetics brand, has experienced significant growth despite not being vegan.

  • The beauty industry is shifting its focus towards sustainability and fair-trade practices.

Key Takeaway:

The beauty industry is experiencing a shift in consumer preferences, with cruelty-free and natural ingredients becoming more important than strict veganism.

Trend:

The trend towards natural, cruelty-free cosmetics with proven efficacy is gaining momentum, while the demand for exclusively vegan products is waning.

Conclusions:

  • Veganism is no longer the sole driving factor for ethical beauty consumers.

  • Consumers are seeking high-quality, effective products with transparent sourcing and production practices.

  • Brands that prioritize cruelty-free certifications and natural ingredients are resonating with a wider audience.

  • The beauty industry is recognizing the need for more sustainable practices beyond veganism.

Implications for Brands:

  • Beauty brands should focus on developing cruelty-free products with natural ingredients that deliver results.

  • Transparent communication about sourcing and production practices is crucial to build trust with consumers.

  • Emphasizing quality, efficacy, and sustainability can attract a broader range of consumers, including those who are not strictly vegan.

  • Brands should consider obtaining cruelty-free certifications to appeal to ethical consumers.

  • Investing in sustainable packaging and production methods can further enhance brand image and appeal to environmentally conscious consumers.

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