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Vegan Cosmetics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

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from $4,850 185 Pages Fortune Business Insights Pvt. Ltd. May, 2024 FOB18820118
Best Price Guarantee
Price from $4,850
Length 185 Pages
Publisher Fortune Business Insights Pvt. Ltd.
Published Date May, 2024
SKU FOB18820118

Vegan Cosmetics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Vegan Cosmetics Market

The vegan cosmetics market size was valued at USD 18.03 billion in 2023, and the market is now projected to grow from USD 19.21 billion in 2024 to USD 32.56 billion by 2032, exhibiting a CAGR of 6.82% during the forecast period of 2024-2032.

Many cases of social distancing mandates and the subsequent introduction of trade barriers led to placing many vegan beauty products as non-essential. In this respect, the COVID-19 pandemic forced a major transformation from both the consumers and the products market presence which reflected in the unordinary vegan cosmetics market growth.

With the high levels of awareness of the world on the production and sale of cosmetics with synthetic ingredients consumers are thus adopting their natural alternatives from plants. This turn of events is creating opportunities for the development of the market. It is now apparent that consumers in most parts of the world particularly in most developed countries in the North American and European continents are beginning to raise concerns about the animal testing of their products. Unfortunately, in Europe, the import and distribution of animal-tested cosmetics is prohibited which is why states in the USA have been discussing whether such a move is a good idea for decades. Therefore the banning of animal-tested cosmetics results in an increase in the vegan cosmetics market share.

In recent years there has an aggressive competition between market rivals and it is in this setting that celebrities from around the world come into the vegan cosmetics segment thus pushing the global time in the right direction. This trend is also visible from the fact that a growing number of stars are launching their products, which draws consumers’ attention to new and original products.

Comprehensive Analysis of Vegan Cosmetics Market

The report indicates additional market demand for vegan cosmetics increasing due to consumer demand for social and environmental responsibility in the beauty industry. Based on the type, the market is classified into skincare, hair care, makeup, and others, with plant-based ingredients to meet the beauty requirements. According to the distribution channel, the market includes e-commerce, hypermarkets/supermarkets, departmental stores, specialty stores, and other segments which are the various platforms on which consumers can purchase vegan cosmetic products.

The global market of vegan cosmetics witnessed a major share from the Europe market in 2023. The market size in Europe is estimated to hold a value of USD 8. 83 billion by 2030. There are many R&D laboratories concentrated in Europe that research and develop cosmetic and personal care products.

GABRIEL COSMETICS (U.S.), PHB Ethical Beauty Ltd. (U.K.), Natur'Alley Ltd. (U.K.), GoNature Sp. z o.o. (Poland), Seraphine Botanicals (U.S), Nutriglow Cosmetics (India), Plum (India), Disguise Cosmetics (India), COTY INC. (U.S.), and G&M Cosmetics (Australia) are some major players in this industry. These groups of companies who are leaders within the discipline offer a stage playing field for all their competitors as they guarantee increase and set requirements for the arena.

Founded in India, Organic Harvest is a vegan cosmetic company that started its new 100% vegan makeup line in October 2023; which ventures into the manufacturing and sales of color cosmetics with six new product brands.

Segmentation Table

Global Vegan Cosmetics Market Scope

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.82% from 2024 to 2032

Unit Value (USD Billion)

By Type

Skin Care

Hair Care

Makeup

Others

By Distribution Channel

E-Commerce

Hypermarkets/Supermarkets

Departmental Stores

Specialty Stores

Others

By Region North America (By Type, Distribution Channel, and Country)

- U.S. (By Type)

- Canada (By Type)

- Mexico (By Type)

Europe (By Type, Distribution Channel, and Country)

- Germany (By Type)

- France (By Type)

- Italy (By Type)

- Spain (By Type)

- U.K. (By Type)

- Rest of Europe (By Type)

Asia Pacific (By Type, Distribution Channel, and Country)

- China (By Type)

- India (By Type)

- Japan (By Type)

- Australia (By Type)

- Rest of Asia Pacific (By Type)

South America (By Type, Distribution Channel, and Country)

- Brazil (By Type)

- Argentina (By Type)

- Rest of South America (By Type)

Middle East and Africa (By Type, Distribution Channel, and Country)

- UAE (By Type)

- South Africa (By Type)

- Saudi Arabia (By Type)

 Rest of the Middle East & Africa (By Type)


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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Overview of the Parent Market
4.2. Industry SWOT Analysis
4.3. Supply Chain Analysis
4.4. Porter’s Five Forces Analysis
4.5. Recent Technological Advancements
5. Global False Eyelashes Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Product Type
5.2.1.1. Strip Lashes
5.2.1.2. Individual Flare
5.2.1.3. Individual Single
5.2.1.4. Others
5.2.2. By Material
5.2.2.1. Human Hair
5.2.2.2. Synthetic Hair
5.2.2.3. Others
5.2.3. By Distribution Channel
5.2.3.1. Hypermarkets & Supermarkets
5.2.3.2. Specialty Stores
5.2.3.3. Online Stores
5.2.3.4. Others
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. South America
5.2.4.5. Middle East & Africa
6. North America False Eyelashes Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Product Type
6.2.1.1. A Strip Lashes
6.2.1.2. Individual Flare
6.2.1.3. Individual Single
6.2.1.4. Others
6.2.2. By Material
6.2.2.1. Human Hair
6.2.2.2. Synthetic Hair
6.2.2.3. Others
6.2.3. By Distribution Channel
6.2.3.1. Hypermarkets & Supermarkets
6.2.3.2. Specialty Stores
6.2.3.3. Online Stores
6.2.3.4. Others
6.2.4. By Country
6.2.4.1. U.S.
6.2.4.1.1. By Product Type
6.2.4.1.1.1. Strip Lashes
6.2.4.1.1.2. Individual Flare
6.2.4.1.1.3. Individual Single
6.2.4.1.1.4. Others
6.2.4.2. Canada
6.2.4.2.1. By Product Type
6.2.4.2.1.1. Strip Lashes
6.2.4.2.1.2. Individual Flare
6.2.4.2.1.3. Individual Single
6.2.4.2.1.4. Others
6.2.4.3. Mexico
6.2.4.3.1. By Product Type
6.2.4.3.1.1. Strip Lashes
6.2.4.3.1.2. Individual Flare
6.2.4.3.1.3. Individual Single
6.2.4.3.1.4. Others
7. Europe False Eyelashes Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Product Type
7.2.1.1. Strip Lashes
7.2.1.2. Individual Flare
7.2.1.3. Individual Single
7.2.1.4. Others
7.2.2. By Material
7.2.2.1. Human Hair
7.2.2.2. Synthetic Hair
7.2.2.3. Others
7.2.3. By Distribution Channel
7.2.3.1. Hypermarkets & Supermarkets
7.2.3.2. Specialty Stores
7.2.3.3. Online Stores
7.2.3.4. Others
7.2.4. By Country
7.2.4.1. Germany
7.2.4.1.1. By Product Type
7.2.4.1.1.1. Strip Lashes
7.2.4.1.1.2. Individual Flare
7.2.4.1.1.3. Individual Single
7.2.4.1.1.4. Others
7.2.4.2. U.K.
7.2.4.2.1. By Product Type
7.2.4.2.1.1. Strip Lashes
7.2.4.2.1.2. Individual Flare
7.2.4.2.1.3. Individual Single
7.2.4.2.1.4. Others
7.2.4.3. France
7.2.4.3.1. By Product Type
7.2.4.3.1.1. Strip Lashes
7.2.4.3.1.2. Individual Flare
7.2.4.3.1.3. Individual Single
7.2.4.3.1.4. Others
7.2.4.4. Italy
7.2.4.4.1. By Product Type
7.2.4.4.1.1. Strip Lashes
7.2.4.4.1.2. Individual Flare
7.2.4.4.1.3. Individual Single
7.2.4.4.1.4. Others
7.2.4.5. Spain
7.2.4.5.1. By Product Type
7.2.4.5.1.1. Strip Lashes
7.2.4.5.1.2. Individual Flare
7.2.4.5.1.3. Individual Single
7.2.4.5.1.4. Others
7.2.4.6. Russia
7.2.4.6.1. By Product Type
7.2.4.6.1.1. Strip Lashes
7.2.4.6.1.2. Individual Flare
7.2.4.6.1.3. Individual Single
7.2.4.6.1.4. Others
7.2.4.7. Rest of Europe
7.2.4.7.1. By Product Type
7.2.4.7.1.1. Strip Lashes
7.2.4.7.1.2. Individual Flare
7.2.4.7.1.3. Individual Single
7.2.4.7.1.4. Others
8. Asia Pacific False Eyelashes Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Product Type
8.2.1.1. Strip Lashes
8.2.1.2. Individual Flare
8.2.1.3. Individual Single
8.2.1.4. Others
8.2.2. By Material
8.2.2.1. Human Hair
8.2.2.2. Synthetic Hair
8.2.2.3. Others
8.2.3. By Distribution Channel
8.2.3.1. Hypermarkets & Supermarkets
8.2.3.2. Specialty Stores
8.2.3.3. Online Stores
8.2.3.4. Others
8.2.4. By Country
8.2.4.1. China
8.2.4.1.1. By Product Type
8.2.4.1.1.1. Strip Lashes
8.2.4.1.1.2. Individual Flare
8.2.4.1.1.3. Individual Single
8.2.4.1.1.4. Others
8.2.4.2. India
8.2.4.2.1. By Product Type
8.2.4.2.1.1. Strip Lashes
8.2.4.2.1.2. Individual Flare
8.2.4.2.1.3. Individual Single
8.2.4.2.1.4. Others
8.2.4.3. Japan
8.2.4.3.1. By Product Type
8.2.4.3.1.1. Strip Lashes
8.2.4.3.1.2. Individual Flare
8.2.4.3.1.3. Individual Single
8.2.4.3.1.4. Others
8.2.4.4. Australia
8.2.4.4.1. By Product Type
8.2.4.4.1.1. Strip Lashes
8.2.4.4.1.2. Individual Flare
8.2.4.4.1.3. Individual Single
8.2.4.4.1.4. Others
8.2.4.5. Rest of Asia Pacific
8.2.4.5.1. By Product Type
8.2.4.5.1.1. Strip Lashes
8.2.4.5.1.2. Individual Flare
8.2.4.5.1.3. Individual Single
8.2.4.5.1.4. Others
9. South America False Eyelashes Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Product Type
9.2.1.1. Strip Lashes
9.2.1.2. Individual Flare
9.2.1.3. Individual Single
9.2.1.4. Others
9.2.2. By Material
9.2.2.1. Human Hair
9.2.2.2. Synthetic Hair
9.2.2.3. Others
9.2.3. By Distribution Channel
9.2.3.1. Hypermarkets & Supermarkets
9.2.3.2. Specialty Stores
9.2.3.3. Online Stores
9.2.3.4. Others
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.1.1. By Product Type
9.2.4.1.1.1. Strip Lashes
9.2.4.1.1.2. Individual Flare
9.2.4.1.1.3. Individual Single
9.2.4.1.1.4. Others
9.2.4.2. Argentina
9.2.4.2.1. By Product Type
9.2.4.2.1.1. Strip Lashes
9.2.4.2.1.2. Individual Flare
9.2.4.2.1.3. Individual Single
9.2.4.2.1.4. Others
9.2.4.3. Rest of South America
9.2.4.3.1. By Product Type
9.2.4.3.1.1. Strip Lashes
9.2.4.3.1.2. Individual Flare
9.2.4.3.1.3. Individual Single
9.2.4.3.1.4. Others
10. Middle East & Africa False Eyelashes Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Product Type
10.2.1.1. Strip Lashes
10.2.1.2. Individual Flare
10.2.1.3. Individual Single
10.2.1.4. Others
10.2.2. By Material
10.2.2.1. Human Hair
10.2.2.2. Synthetic Hair
10.2.2.3. Others
10.2.3. By Distribution Channel
10.2.3.1. Hypermarkets & Supermarkets
10.2.3.2. Specialty Stores
10.2.3.3. Online Stores
10.2.3.4. Others
10.2.4. By Country
10.2.4.1. UAE
10.2.4.1.1. By Product Type
10.2.4.1.1.1. Strip Lashes
10.2.4.1.1.2. Individual Flare
10.2.4.1.1.3. Individual Single
10.2.4.1.1.4. Others
10.2.4.2. South Africa
10.2.4.2.1. By Product Type
10.2.4.2.1.1. Strip Lashes
10.2.4.2.1.2. Individual Flare
10.2.4.2.1.3. Individual Single
10.2.4.2.1.4. Others
10.2.4.3. Rest of Middle East & Africa
10.2.4.3.1. By Product Type
10.2.4.3.1.1. Strip Lashes
10.2.4.3.1.2. Individual Flare
10.2.4.3.1.3. Individual Single
10.2.4.3.1.4. Others
11. Competitive Landscape
11.1. Business Strategies Adopted by Leading Players
11.2. Global False Eyelashes Market Revenue Share/Ranking Analysis, By Key Manufacturer
12. Company Profiles
12.1. American International Industries
12.1.1. Company Overview
12.1.2. Business Overview
12.1.3. Product Portfolio
12.1.4. Financials
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Kiss Products Inc.
12.2.1. Company Overview
12.2.2. Business Overview
12.2.3. Product Portfolio
12.2.4. Financials
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. PT. Royal Korindah
12.3.1. Company Overview
12.3.2. Business Overview
12.3.3. Product Portfolio
12.3.4. Financials
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Ulta Beauty Inc.
12.4.1. Company Overview
12.4.2. Business Overview
12.4.3. Product Portfolio
12.4.4. Financials
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Qingdao Lashbeauty Cosmetic Co. Ltd.
12.5.1. Company Overview
12.5.2. Business Overview
12.5.3. Product Portfolio
12.5.4. Financials
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. L’Oreal S.A.
12.6.1. Company Overview
12.6.2. Business Overview
12.6.3. Product Portfolio
12.6.4. Financials
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. LVHM
12.7.1. Company Overview
12.7.2. Business Overview
12.7.3. Product Portfolio
12.7.4. Financials
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Shiseido Co. Ltd.
12.8.1. Company Overview
12.8.2. Business Overview
12.8.3. Product Portfolio
12.8.4. Financials
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. SY LASHES
12.9.1. Company Overview
12.9.2. Business Overview
12.9.3. Product Portfolio
12.9.4. Financials
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Miranda Lashes Inc.
12.10.1. Company Overview
12.10.2. Business Overview
12.10.3. Product Portfolio
12.10.4. Financials
12.10.5. Recent Developments
12.10.6. SWOT Analysis
13. Strategic Recommendations

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