Vegan Cosmetics Market, By Product Type, By Gender, By Price Point, By Distribution Channel (Online and Offline, By Geography

Description

The vegan cosmetics market is estimated to be valued at USD 67.27 Bn in 2024 and is expected to reach USD 101.82 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 67.27 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	6.10%	2031 Value Projection:	US$ 101.82 Bn

Figure. Vegan Cosmetics Market Share (%), By Region, 2024

The increasing demand for natural and sustainable products has opened up opportunities for plant-based and vegan cosmetics. Vegan cosmetics refer to personal care products that do not contain any animal-derived ingredients or by-products. Traditionally, many personal care products have relied on ingredients from animals such as beeswax, collagen, lanolin, and carmine. However, consumers are now more conscious about avoiding cruelty to animals and preferring natural and eco-friendly alternatives. This has driven cosmetic brands to offer a wider range of vegan makeup, skincare, haircare, and other body care products.

Market Dynamics:

The global vegan cosmetics market is driven by factors such as rising ethical concerns about animal testing, increasing health awareness about ingredients used in cosmetics, growing preference for natural and organic personal care products, and stringent regulations regarding the use of ingredients derived from animals. However, the market faces restraints from the higher costs associated with vegan alternatives and the difficulty of finding effective substitutes for some key ingredients traditionally derived from animals. The market also sees opportunities from innovative product development by brands, expanding distribution channels like online retailing, and a growing base of health-conscious millennial and Generation Z consumers who actively support cruelty-free brands.

Key Features of the Study:

This report provides an in-depth analysis of the global vegan cosmetics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, 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 highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Amway Corporation, 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, Billy, TJS India, Seraphine Botanicals, Hera Beauty Ltd., and Herrco Cosmetics
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global vegan cosmetics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, 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-

By Product Type:
- Skin Product
- Hair Product
- Lip Product
- Eye Product
- Others
By Gender:
- Kids
- Male
- Female
By Price Point:
- Premium
- Economic
By Distribution Channel:
- Online
- Offline
- Supermarket
- Hypermarket
- Specialty Stores
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Amway Corporation
- 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
- Billy
- TJS India
- Seraphine Botanicals
- Hera Beauty Ltd.
- Herrco Cosmetics

Product Code: CMI5437

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Gender
- Market Snippet, By Price Point
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Vegan Cosmetics Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Vegan Cosmetics Market
Impact Analysis

5. Global Vegan Cosmetics Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Skin Product
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Hair Product
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Lip Product
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Eye Product
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Vegan Cosmetics Market, By Gender, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Kids
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Male
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Female
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Vegan Cosmetics Market, By Price Point, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Premium
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Economic
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

8. Global Vegan Cosmetics Market, By Distribution Channel, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Online
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Offline
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Sub Segment Trends
Supermarket
Hypermarket
Specialty Stores
Others

9. Global Vegan Cosmetics Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Gender, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Price Point, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
  - Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Gender, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Price Point, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Gender, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Price Point, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Gender, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Price Point, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Gender, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Price Point, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

10. Competitive Landscape

Market Share Analysis
Company Profiles
- Amway Corporation
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Estee Lauder Companies Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Groupe Rocher
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- L'Occitane Group
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- L'Oreal S.A.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- LVMH Group
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- MuLondon
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Pacifica Beauty
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Unilever plc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Weleda
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Coty Inc.
- Beauty with Cruelty
- Elf Cosmetic Company
- Urban Decay
- Nature's Gate
- Billy
- TJS India
- Seraphine Botanicals
- Hera Beauty Ltd.
- Herrco Cosmetics

11. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

12. Section

References
Research Methodology
About Us and Sales Contact
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