Vegan Cosmetics Market by Product (Hair Care, Makeup, Skin Care), Sales Channels (Offline, Online) - Global Forecast 2024-2030


Attention: There is an updated edition available for this report.

Vegan Cosmetics Market by Product (Hair Care, Makeup, Skin Care), Sales Channels (Offline, Online) - Global Forecast 2024-2030


The Vegan Cosmetics Market size was estimated at USD 17.34 billion in 2023 and expected to reach USD 18.67 billion in 2024, at a CAGR 7.77% to reach USD 29.29 billion by 2030.

Global Vegan Cosmetics Market

Vegan cosmetics encompasses various beauty and personal care products that do not use any animal-derived ingredients or by-products in their composition, with a particular focus on reusable or recyclable packaging. This market aims at end-users seeking cruelty-free, eco-friendly alternatives in their daily skincare and makeup routine. Spiraling customer awareness about animal welfare, along with an increasing number of people adopting vegan lifestyles, is primarily fueling the increase in the usage of vegan cosmetics. Rising demand for plant-based products and increasing endorsements by celebrities and social media influencers for vegan cosmetics drive the market growth. Higher production costs due to the expensive raw materials and manufacturing processes and limited shelf-life of vegan cosmetics hamper the market growth. Rising investments by market vendors in thorough R&D for diversifying their product range, sourcing unconventional plant-based materials, and improving the longevity of their products are expected to create opportunities for market growth. Pertinent advancements in biotechnology and green chemistry are expected to create a platform for the growth of the market.

Regional Insights

The vegan cosmetics market in the Americas region is highly developed, with a large number of prominent players making the market highly competitive. The manufacturers strive to launch innovative products based on consumer reviews and requirements to fit the needs. The increasing demand for vegan cosmetics in the Americas is attributed to women being more aware of the importance of self-care with rising pollution that harms the body and the rising trend of using the products on social media platforms. In the EU countries, strict regulations against animal testing and a significant increase in ethical consumerism are significant driving factors for the rise in vegan cosmetics. Moreover, Middle Eastern countries are also gradually shifting their preference towards such cruelty-free products, primarily due to their Halal properties. The Asia-Pacific region contains several emerging economies with large population densities, which provides plenty of opportunities for the vegan cosmetics market to grow profusely. The brand value of South Korean and Japanese products in the global market is considerably high, creating a platform for vegan cosmetics.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Vegan Cosmetics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Vegan Cosmetics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Vegan Cosmetics Market, highlighting leading vendors and their innovative profiles. These include ADORN IP PTY LTD., AROMATICA, ASA Beauty Private Limited, AU NATURALE COSMETICS, Axiology, Beauty Without Cruelty by Lotus Brands, Inc., BEIGIC, Benton Inc., Billy Jealousy LLC, BlushBee Organic Beauty, BYENA Beauty GmbH, Daughter Earth by Eternite Elements Pvt Ltd., Debenhams Brands Limited, e.l.f. Beauty Inc., Ecco Bella, Emma Jean Cosmetics, Inc., Ethical Elephant, Ethique Limited, Gabriel Cosmetics Inc., Hiro Cosmetics, INIKA Organic, Jillian Dempsey, Lethal Cosmetics GmbH & Co. KG., LOGOCOS Naturkosmetik GmbH & Co. KG by L'Oréal S.A., Lush Limited, MO MI Beauty, Monave, MuLondon LTD, New Milani Group LLC, Nui Cosmetics, Nykaa E-Retail Pvt. Ltd., Organic Harvest, PURE U. Cosmetics, The Body Shop International Limited, Und Gretel, and Unilever PLC.

Market Segmentation & Coverage

This research report categorizes the Vegan Cosmetics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
Hair Care
Makeup
Skin Care
Sales Channels
Offline
Departmental Stores
Hypermarket & Supermarket
Specialty Stores
Online
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Vegan Cosmetics Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Vegan Cosmetics Market?
3. What are the technology trends and regulatory frameworks in the Vegan Cosmetics Market?
4. What is the market share of the leading vendors in the Vegan Cosmetics Market?
5. Which modes and strategic moves are suitable for entering the Vegan Cosmetics Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Vegan Cosmetics Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing popularity of safer and naturally made cosmetics with a clean beauty trend
5.1.1.2. Strict government rules & norms associated with the animal testing
5.1.1.3. Increasing availability of vegan cosmetics on online sales channels
5.1.2. Restraints
5.1.2.1. High overall cost and lower shelf life of vegan products
5.1.3. Opportunities
5.1.3.1. Introduction of improved and enhanced vegan cosmetic formulations
5.1.3.2. Adoption of innovative celebrity endorsements and marketing strategies by brands
5.1.4. Challenges
5.1.4.1. Problems associated with mislabeling of products and absence of standardized regulations
5.2. Market Segmentation Analysis
5.2.1. Product: Growing usage of vegan skincare products as a cruelty-free skincare solutions
5.2.2. Sales Channel: Growing purchasing of vegan cosmetics across online platforms for ease of access and home delivery
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Vegan Cosmetics Market, by Product
6.1. Introduction
6.2. Hair Care
6.3. Makeup
6.4. Skin Care
7. Vegan Cosmetics Market, by Sales Channels
7.1. Introduction
7.2. Offline
7.3.1. Departmental Stores
7.3.2. Hypermarket & Supermarket
7.3.3. Specialty Stores
7.3. Online
8. Americas Vegan Cosmetics Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States
9. Asia-Pacific Vegan Cosmetics Market
9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam
10. Europe, Middle East & Africa Vegan Cosmetics Market
10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom
11. Competitive Landscape
11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player
11.3.1. New Product Launch & Enhancement
11.3.1.1. Organic Harvest Launches 100% Vegan Organic Makeup
11.3.1.2. Nykaa Cosmetics Launches Vegan Nail Enamels
11.3.2. Award, Recognition, & Expansion
11.3.2.1. Hourglass Expands Tiktok-favourite Lip Range in Korea as it Rides Vegan Wave
12. Competitive Portfolio
12.1. Key Company Profiles
12.1.1. ADORN IP PTY LTD.
12.1.2. AROMATICA
12.1.3. ASA Beauty Private Limited
12.1.4. AU NATURALE COSMETICS
12.1.5. Axiology
12.1.6. Beauty Without Cruelty by Lotus Brands, Inc.
12.1.7. BEIGIC
12.1.8. Benton Inc.
12.1.9. Billy Jealousy LLC
12.1.10. BlushBee Organic Beauty
12.1.11. BYENA Beauty GmbH
12.1.12. Daughter Earth by Eternite Elements Pvt Ltd.
12.1.13. Debenhams Brands Limited
12.1.14. e.l.f. Beauty Inc.
12.1.15. Ecco Bella
12.1.16. Emma Jean Cosmetics, Inc.
12.1.17. Ethical Elephant
12.1.18. Ethique Limited
12.1.19. Gabriel Cosmetics Inc.
12.1.20. Hiro Cosmetics
12.1.21. INIKA Organic
12.1.22. Jillian Dempsey
12.1.23. Lethal Cosmetics GmbH & Co. KG.
12.1.24. LOGOCOS Naturkosmetik GmbH & Co. KG by L'Oréal S.A.
12.1.25. Lush Limited
12.1.26. MO MI Beauty
12.1.27. Monave
12.1.28. MuLondon LTD
12.1.29. New Milani Group LLC
12.1.30. Nui Cosmetics
12.1.31. Nykaa E-Retail Pvt. Ltd.
12.1.32. Organic Harvest
12.1.33. PURE U. Cosmetics
12.1.34. The Body Shop International Limited
12.1.35. Und Gretel
12.1.36. Unilever PLC
12.2. Key Product Portfolio
13. Appendix
13.1. Discussion Guide
13.2. License & Pricing
FIGURE 1. VEGAN COSMETICS MARKET RESEARCH PROCESS
FIGURE 2. VEGAN COSMETICS MARKET SIZE, 2023 VS 2030
FIGURE 3. VEGAN COSMETICS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. VEGAN COSMETICS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. VEGAN COSMETICS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. VEGAN COSMETICS MARKET DYNAMICS
FIGURE 7. VEGAN COSMETICS MARKET SIZE, BY PRODUCT, 2023 VS 2030 (%)
FIGURE 8. VEGAN COSMETICS MARKET SIZE, BY PRODUCT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. VEGAN COSMETICS MARKET SIZE, BY SALES CHANNELS, 2023 VS 2030 (%)
FIGURE 10. VEGAN COSMETICS MARKET SIZE, BY SALES CHANNELS, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. AMERICAS VEGAN COSMETICS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 12. AMERICAS VEGAN COSMETICS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. UNITED STATES VEGAN COSMETICS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 14. UNITED STATES VEGAN COSMETICS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. ASIA-PACIFIC VEGAN COSMETICS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. ASIA-PACIFIC VEGAN COSMETICS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. EUROPE, MIDDLE EAST & AFRICA VEGAN COSMETICS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. EUROPE, MIDDLE EAST & AFRICA VEGAN COSMETICS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. VEGAN COSMETICS MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 20. VEGAN COSMETICS MARKET SHARE, BY KEY PLAYER, 2023

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings