Mexico Vegan Cosmetics Market Overview, 2028

Mexico Vegan Cosmetics Market Overview, 2028

Mexican consumers are becoming more aware of the environmental and social impacts of their purchases. The demand for ethical and sustainable products is increasing, and vegan cosmetics can be seen as a way to align with these values. Veganism, although a niche concept, is fast becoming mainstream in the cosmetics industry. With an incredibly large number of consumers focusing on sustainability, cosmetics brands are compelled to rethink the ingredients used in manufacturing. In the country, veganism is witnessing an upward trend that is unlikely to slow down. Consumers in Mexico are increasingly interested in natural and organic ingredients in their beauty products. Vegan cosmetics, which often use plant-based ingredients, can appeal to this consumer segment. There is a growing demand for ethical and sustainable beauty products in Mexico. Vegan cosmetics, which typically have a smaller environmental footprint and do not involve animal testing, can be seen as a way to meet this demand. There is a growing demand for ethical and sustainable beauty products in Mexico. Vegan cosmetics, which typically have a smaller environmental footprint and do not involve animal testing, can be seen as a way to meet this demand.

According to the research report ""Mexico Vegan Cosmetics Market Overview, 2028,"" published by Bonafide Research, The Mexico Vegan Cosmetics market is expected to grow at above 7% CAGR from 2023 to 2028. Consumers in Mexico are becoming more aware of the impact of their purchases on the environment and society. As a result, they are increasingly interested in ethical and sustainable products, including vegan cosmetics. The health and wellness trend is also growing in Mexico, and many consumers are interested in natural and organic beauty products. Vegan cosmetics, which often use plant-based ingredients, can appeal to this segment of the market. There is a growing demand for ethical and sustainable beauty products in Mexico. Vegan cosmetics are often seen as a way to meet this demand, as they typically have a smaller environmental footprint and do not involve animal testing. Based on the gender segment, which includes men, women, and children, In Mexico, women are using more vegan products than men and children. In Mexico, women prioritise their appearance and take care of their skin. This could lead to women being more interested in using vegan skin care products. Based on the price points, there is a premium price range and an economic price range. In Mexico, people purchase vegan cosmetics at a premium price range because the cost of the original vegan cosmetics products is high. Higher-grade, additive-free, and harsh-chemical-free components are frequently used in vegan cosmetics. For some customers, the improved product that arises from this may be worth the extra expense because it offers greater results and is better for their skin.

There are several start-ups for vegan cosmetics in Mexico. Huesticks is a Mexican cosmetics startup that specialises in vegan lipsticks made with natural ingredients such as avocado oil, coconut oil, and candelilla wax. The brand focuses on creating high-quality, long-lasting lipsticks that are both environmentally friendly and affordable. BioAqua is a Mexican skincare brand that offers a range of vegan and natural products, including facial cleansers, toners, and moisturisers. The brand's products are designed to be gentle on the skin and free from harsh chemicals, making them ideal for people with sensitive skin. Alma de Flor is a Mexican brand that offers a range of vegan and natural body care products, including bath salts, body scrubs, and moisturisers. The brand's products are inspired by traditional Mexican herbal remedies and are designed to promote wellness and relaxation. Wabi Sabi Beauty is a Mexican startup that offers a range of vegan and cruelty-free skincare and beauty products. The brand's products are made with natural ingredients and are designed to be gentle on the skin, making them suitable for people of all skin types. Lurk is a Mexican perfume brand that offers a range of vegan and natural fragrances. The brand's fragrances are made with essential oils and plant-based ingredients and are designed to be both luxurious and eco-friendly.

Based on the product types, they include skin care, hair care, colour cosmetics, and others. In Mexico, skin care products account for the highest market shares in the country. There are several vegan skincare products that are popular in Mexico, and trends related to these products are constantly evolving. Vegan facial cleansers are popular in Mexico as they are gentle on the skin and free from harsh chemicals. Cleansers made with natural ingredients like aloe vera, chamomile, and green tea are particularly popular. Vegan moisturisers are also in high demand in Mexico, particularly those made with natural oils like coconut, jojoba, and argan oil. Moisturisers that contain antioxidants and vitamins, such as vitamin E and C, are also popular. In the future, hair colour will grow at the highest CAGR rate. Based on the distribution channel, this includes specialty stores, hypermarkets, supermarkets, the online channel, and others. In Mexico, specialty stores cover the highest market share in the country. Some of the top specialty stores for vegan cosmetics are Natura, The Body Shop, Lush, and Kuxtal. In Mexico, some of the top local manufacturers of vegan cosmetics are CuidaTu, Oli Cosmética, Tacha, and Botanicus. Based on the end users includes the personal and Commercial.
 
Considered in this report

• Geography: Mexico
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028


Aspects covered in this report

• Mexico Vegan Cosmetics market with its value and forecast along with its segments
• Country-wise Hair Care market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation


By Product Type

• Skin care
• Hair Care
• Color Cosmetics
• Others

By Gender

• Men
• Women
• Children

By End Users

• Commercial
• Personal


By Price Range

• Economic
• Premium

By Distribution Channel
• Specialist Retail Stores
• Supermarket/Hypermarket
• Online Channels
• Other Distribution

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Hair Care industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.