Vegan Cosmetics Market, by Product Type (Skin Product, Hair Product, Lip Product, Eye Product, and Others), by Gender (Kids, Male, and Female), by Price Point (Premium and Economic), by End-use (Personal and Commercial), by Distribution Channels (Offline

Vegan Cosmetics Market, by Product Type (Skin Product, Hair Product, Lip Product, Eye Product, and Others), by Gender (Kids, Male, and Female), by Price Point (Premium and Economic), by End-use (Personal and Commercial), by Distribution Channels (Offline (Specialty Stores, Supermarket and Hypermarket) and Online), by Packaging (Pencils, Jars, Sticks, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Vegan beauty products are never tested on animals. They have free from beeswax, collagen, gelatin, honey, carmine, cholesterol, milk, lanolin, shellac, and other animal derived products which are serving as not only a healthier but also a far more human option. Vegan cosmetics are made from natural ingredients and are devoid of chemicals that are helpful for better skin and helps to boost the market growth. Vegan products are used for beautifying, maintain hygiene, or enhancing the appearance of consumers. Increasing the number of brands are turning to the production of vegan cosmetics that can boost the market growth.

Market Dynamics

Rising awareness about the health benefits of vegan products over animal by-products can help to boost the market growth. For instance, in 2020, L’Oreal S.A. (a vegan cosmetic product manufacture company) announced to acquired Logocos Naturkosmetik AG (a German vegan cosmetics producer company). According to L'Oréal, Logocos has two well-known and genuine vegan brands under its ownership in addition to its unique experience in the organic cosmetic industry, all of which will be very advantageous to L'Oréal's expansion plan. This purchase strengthens L'Oréal's position among the top personal care firms that provide genuine, certified vegan cosmetic products.

To improve the quality of products and increase the demand of customers the manufactures are used the innovative components as well as procedures in their products such as liquid lipsticks and others can helps to drive the vegan cosmetics market growth. For instance, in February 2022, a U.K.-based developer and distributor of vegan cosmetics, ‘Revolution Beauty Group’ acquired a U.S.-based vegan cosmetic brand, ‘Badass with a Heart (BH)’. The aim of this acquisition is for the Revolution Beauty Group to expand the BH brand domestically, globally, and in the vegan market. High cost of cosmetics and the lack of a set of uniform guidelines for vegan certification can restraint the market growth.

Key features of the study:

• This report provides an in-depth analysis of the global vegan cosmetics market, its market size (US$ Bn), and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering as the base year
• It elucidates potential revenue opportunities across different segments and explains an attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new material type launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global vegan cosmetics market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
• Key companies covered as a part of this study include vegan cosmetics market include Amway Corporation, Estee Lauder Companies Inc., Groupe Rocher, L’Occitane Group, L’Oreal S.A., LVMH Group, and MuLondon, Pacifica Beauty, Unilever plc. Weleda, Coty Inc., Beauty with Cruelty, Elf Cosmetic Company, Urban Decay, and Nature’s Gate.
• Insights from this report would allow marketers and management authorities of companies to make an informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
• The global vegan cosmetics market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vegan cosmetics market

Detailed Segmentation:

• Global Vegan Cosmetics Market, By Product Type
• Skin Product
• Hair Product
• Lip Product
• Eye Product
• Others
• Global Vegan Cosmetics Market, By Gender
• Kids
• Male
• Female
• Global Vegan Cosmetics Market, By Price Point
• Premium
• Economic
• Global Vegan Cosmetics Market, By End-use
• Personal
• Commercial
• Global Vegan Cosmetics Market, By Distribution Channel
• Offline
• Supermarket
• Hypermarket
• Specialty Stores
• Online
• Global Vegan Cosmetics Market, By Packaging
• Pencils
• Sticks
• Jars
• Others
• Global Vegan Cosmetics 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 Country:
• Middle East
• Africa
• Company Profiles
• Amway Corporation.*
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Estee Lauder Companies Inc.
• Groupe Rocher
• L’Occitane Group
• L’Oreal S.A.
• LVMH Group
• MuLondon
• Pacifica Beauty
• Unilever plc.
• Weleda
• Coty Inc.
• Beauty with Cruelty
• Elf Cosmetic Company
• Urban Decay
• Nature’s Gate

“*” marked represents similar segmentation in other categories in the respective section.