Vegan Cosmetics Market Looking Good

Vegan cosmetic products are produced using plant-based derivatives, extracts, ingredients and are not contain any animal ingredients or animal-derived ingredients. Vegan cosmetic products are very popular among young generation across the globe. In addition, various types of vegan cosmetic products such as makeup and color cosmetics, skin care, hair care, and others easily available in the market.

Non-Dairy Toppings Market in APEJ Set to Witness 165% Increase in Sales Volume by 2028

The non-dairy toppings market is likely to maintain a robust growth rate throughout the period of assessment, 2018-2028, as consumers shift toward veganism and plant-based products. Steadily increasing consumer awareness regarding health benefits of dairy alternatives continues to remain instrumental in driving sales of non-dairy toppings worldwide. Demand for non-dairy toppings is expected to grow at a CAGR of 7% in terms of volume throughout the period of forecast. Global sales of non-dairy toppings are likely to increase by 34,000 tons in 2028 over 2018.

Sales of non-dairy toppings are likely to witness a significant upswing during the period of forecast on the back of growing lactose intolerant consumers worldwide. According to National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), more than 65 percent of the global population is facing lactose intolerance, with over 36 percent present in the United States alone. Unable to digest milk products, the demand for non-dairy toppings among lactose intolerant people is likely to increase, in turn contributing to the overall growth of the non-dairy toppings market, says the report.