Vegan Cosmetics Market
Vegan Cosmetics Market Size, Share & Trends Analysis Report, By Type (Skin Care, Hair Care, Makeup, and Others), By Distribution Channel (E-commerce, Hypermarkets/Supermarkets, Departmental Stores, Specialty Stores, and Others), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Vegan cosmetics market is anticipated to grow at a CAGR of 6.2% during the forecast period. Vegan cosmetics refers to the absence of animal-origin ingredients in the entire supply chain of the product, thereby containing natural and organic plant-based ingredients. Animal cruelty is often a reason to change purchase decisions among consumers. Therefore, they are rejecting products containing animal ingredients in cosmetics products. An increasing number of brands are focusing on the production of 100% vegan and cruelty-free cosmetics. In October 2021, The Vegan Society released the Vegan Beauty Takeover report in which key insights include 97% of UK shoppers saying they want more vegan cosmetics and toiletries, and 91% saying it was important for brands selling vegan cosmetics and/or toiletries to have their products certified by a third-party organisation. Moreover, Celebrities such as Rihanna and Lady Gaga releasing their vegan skincare and makeup lines. Selena Gomez is entering the world of vegan cosmetics herself with the launch of her new beauty brand, Rare Beauty. Rare Beauty was initially due to launch in the summer of 2020, however, unveiled on September 3 at Sephora and on RareBeauty.com.
Segmental Outlook
The global vegan cosmetics market is segmented based on type and distribution channel. Based on the type, the market is segmented into skin care, hair care, makeup, and others. Based on the distribution channel, the market is segmented into e-commerce, hypermarkets/supermarkets, departmental stores, speciality stores, and others. skin care vegan cosmetics segment is estimated to dominate the market. Vegan skincare products are all plant-based, which means they are mostly chemical-free and most of the ingredients are sourced from plants. Vegan skincare products are loaded with vitamins B, C and E that support cell regeneration and encourage silky and soft skin. Skincare products that have natural ingredients such as aloe vera, chamomile, and tea tree have been gaining significance over the years. These ingredients have proven to remove impurities and excess oil off of the face and gently treat acne too.
Regional Outlook
The global vegan cosmetics market is segmented based on geography including North America (the US and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Europe holds a prominent share in the market owing to the rising consumer awareness regarding vegan products in the region. Consumer knowledge of the detrimental effects of some compounds, such as paraben and aluminium compounds found in skincare, hair care, and deodorants, has increased demand for natural and organic products across Europe. A large percentage of European consumers prefer one brand over others owing to its natural and ethical formulation, with vegan beauty product sales in the UK alone increasing significantly in recent years.
North American vegan cosmetics market is driven by the rising popularity of natural ingredients in cosmetics. In April 2021, Maryland became the 5th US state the ban animal-tested cosmetics. According to a survey conducted by The Physicians Committee, nearly 70% of the population in North America has claimed that they are more likely to use vegan and cruelty-free cosmetics.
Global Vegan Cosmetics Market Growth, by Region 2022-2028
Market Players Outlook
The major companies serving the global vegan cosmetics market include MuLondon Ltd., Estee Lauder Companies Inc., Loreal SA, Amway Corp., and L’OCCITANE Group. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, e.l.f. Cosmetics launches vegan clean beauty collection “Pure Skin”. The Pure Skin range currently offers 3 basic skincare products priced between $9-$15. These include Pure Skin Cleanser, Pure Skin Toner, and Pure Skin Moisturizer. Pure Skin Cleanser is a non-foaming cream cleanser that gently cleanses skin with its minimal formulation. It is infused with oat milk, allantoin, and niacinamide. The Pure Skin Moisturizer is non-comedogenic cream containing oat milk, ceramides, and niacinamide. With a rich formulation, it makes skin soft and healthy. Pure Skin Toner is a nourishing toner for post-cleanse containing oat milk, aloe juice, and niacinamide to moisturize and calm the skin.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global vegan cosmetics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Estee Lauder Companies Inc.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Amway Corp.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. L’OCCITANE Group
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Loreal SA
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. MuLondon Ltd.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Vegan Cosmetics Market by Type
4.1.1. Skin Care
4.1.2. Hair Care
4.1.3. Makeup
4.1.4. Others
4.2. Global Vegan Cosmetics Market by Distribution Channel
4.2.1. E-Commerce
4.2.2. Hypermarket/Supermarket
4.2.3. Departmental Stores
4.2.4. Speciality Store
4.2.5. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Arbonne, Pacifica
6.2. Bare Blossom
6.3. Beauty Without Cruelty
6.4. Billy Jealousy
6.5. COTY INC.
6.6. Disguise Cosmetics
6.7. Ecco Bella
6.8. Emma Jean Cosmetics
6.9. GABRIELCOSMETICS
6.10. GoNature Sp. z o.o.
6.11. Modern Mineral Makeup
6.12. Natur'Alley Ltd
6.13. Nature’s Gate
6.14. Nutriglow Cosmetics
6.15. PHB Ethical Beauty Ltd
6.16. Plum
6.17. Seraphine Botanicals
6.18. Zuzu Luxe
1. GLOBAL VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL SKIN CARE VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL HAIR CARE VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL MAKEUP VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL OTHER VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
7. GLOBAL VEGAN COSMETICS FROM E-COMMERCE DISTRIBUTION CHANNEL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL VEGAN COSMETICS FROM HYPERMARKET/SUPERMARKET MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL DEPARTMENTAL STORES VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL SPECIALITY STORE VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL VEGAN COSMETICS FROM OTHER DISTRIBUTION CHANNELS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
16. EUROPEAN VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
18. EUROPEAN VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
22. REST OF THE WORLD VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. REST OF THE WORLD VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
24. REST OF THE WORLD VEGAN COSMETICS MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
1. GLOBAL SKIN CARE VEGAN COSMETICS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
2. GLOBAL HAIR CARE VEGAN COSMETICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
3. GLOBAL MAKEUP VEGAN COSMETICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
4. GLOBAL OTHER VEGAN COSMETICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
5. GLOBAL VEGAN COSMETICS MARKET SHARE BY DISTRIBUTON CHANNEL, 2021 VS 2028 (%)
6. GLOBAL VEGAN COSMETICS FROM E-COMMERCE DISTRIBUTION CHANNELS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL VEGAN COSMETICS FROM HYPERMARKET/SUPERMARKET MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL VEGAN COSMETICS FROM DEPARTMRNTAL STORES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL VEGAN COSMETICS FROM SPECIALITY STORES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL VEGAN COSMETICS FROM OTHER DISTRIBUTION CHANNELS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL VEGAN COSMETICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. US VEGAN COSMETICS MARKET SIZE, 2021-2028 ($ MILLION)
13. CANADA VEGAN COSMETICS MARKET SIZE, 2021-2028 ($ MILLION)
14. UK VEGAN COSMETICS MARKET SIZE, 2021-2028 ($ MILLION)
15. FRANCE VEGAN COSMETICS MARKET SIZE, 2021-2028 ($ MILLION)
16. GERMANY VEGAN COSMETICS MARKET SIZE, 2021-2028 ($ MILLION)
17. ITALY VEGAN COSMETICS MARKET SIZE, 2021-2028 ($ MILLION)
18. SPAIN VEGAN COSMETICS MARKET SIZE, 2021-2028 ($ MILLION)
19. REST OF EUROPE VEGAN COSMETICS MARKET SIZE, 2021-2028 ($ MILLION)
20. INDIA VEGAN COSMETICS MARKET SIZE, 2021-2028 ($ MILLION)
21. CHINA VEGAN COSMETICS MARKET SIZE, 2021-2028 ($ MILLION)
22. JAPAN VEGAN COSMETICS MARKET SIZE, 2021-2028 ($ MILLION)
23. SOUTH KOREA VEGAN COSMETICS MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF ASIA-PACIFIC VEGAN COSMETICS MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD VEGAN COSMETICS MARKET SIZE, 2021-2028 ($ MILLION)
