PUBLISHER: KBV Research | PRODUCT CODE: 1529326
PUBLISHER: KBV Research | PRODUCT CODE: 1529326
Asia Pacific Vegan Cosmetics Market Size, Share & Trends Analysis Report By Product (Skin Care, Color Cosmetics, Hair Care, and Others), By Distribution Channel, By Country and Growth Forecast, 2024 - 2031
The Asia Pacific Vegan Cosmetics Market would witness market growth of 6.6% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Vegan Cosmetics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,890.8 Million by 2031. The Japan market is registering a CAGR of 6% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 7.4% during (2024 - 2031).
Environmental sustainability is another critical factor fueling the growth of the market. The beauty industry has been scrutinized for its environmental impact, particularly concerning the sourcing of raw materials and the waste generated by product packaging. Vegan cosmetics often emphasize using sustainable, plant-based, cruelty-free, and environmentally friendly ingredients. For their minimal ecological footprint, ingredients such as botanical extracts, essential oils, and natural butter are favored. Additionally, many vegan cosmetic brands are adopting eco-friendly packaging solutions, such as recyclable or biodegradable materials, to reduce their environmental impact. This commitment to sustainability appeals to environmentally conscious consumers who are increasingly aware of the broader implications of their purchasing choices.
The increasing demand for vegan cosmetics is also significantly influenced by health considerations. Many consumers perceive vegan products as healthier alternatives to conventional cosmetics, which often contain synthetic chemicals and potential allergens. Vegan cosmetics generally refrain from using toxic chemicals, parabens, sulfates, and artificial fragrances, which have the potential to cause adverse reactions and irritate sensitive skin. Rather, they depend on natural, plant-based ingredients that are recognized for their nourishing and soothing qualities. This appeal to health-conscious consumers has expanded the market beyond ethical vegans to individuals seeking safer and gentler skincare and beauty products.
South Korea is experiencing a surge in demand for vegan cosmetics, driven by a cultural emphasis on skincare and beauty and growing environmental consciousness. The Ministry of Food and Drug Safety (MFDS) has reported an increase in the demand for natural and organic beauty products, which includes vegan cosmetics. This rise is partly due to the influence of the K-beauty trend, which emphasizes innovative and ethical skincare solutions. South Korean consumers increasingly seek effective and environmentally friendly products, leading to significant growth in the vegan cosmetics market. Therefore, with these factors propelling the market forward, the Asia Pacific region is expected to become a major hub for vegan cosmetics in the coming years.
Based on Product, the market is segmented into Skin Care, Color Cosmetics, Hair Care, and Others. Based on Distribution Channel, the market is segmented into Specialty Stores, Hypermarkets & Supermarkets, E-commerce, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- LVMH SE
- Weleda AG
- Emma Jean Cosmetics, INC
- Monave
- Pacifica Beauty LLC
- NAOS
- Amway Corporation
- Clarins Group SA
- L'Oreal S.A.
- gruum Europe Ltd. (gruum)
Asia Pacific Vegan Cosmetics Market Report Segmentation
By Product
- Skin Care
- Color Cosmetics
- Hair Care
- Others
By Distribution Channel
- Specialty Stores
- Hypermarkets & Supermarkets
- E-commerce
- Others
By Country
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Asia Pacific Vegan Cosmetics Market, by Product
- 1.4.2 Asia Pacific Vegan Cosmetics Market, by Distribution Channel
- 1.4.3 Asia Pacific Vegan Cosmetics Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. Asia Pacific Vegan Cosmetics Market by Product
- 4.1 Asia Pacific Skin Care Market by Country
- 4.2 Asia Pacific Color Cosmetics Market by Country
- 4.3 Asia Pacific Hair Care Market by Country
- 4.4 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Vegan Cosmetics Market by Distribution Channel
- 5.1 Asia Pacific Specialty Stores Market by Country
- 5.2 Asia Pacific Hypermarkets & Supermarkets Market by Country
- 5.3 Asia Pacific E-commerce Market by Country
- 5.4 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Vegan Cosmetics Market by Country
- 6.1 China Vegan Cosmetics Market
- 6.1.1 China Vegan Cosmetics Market by Product
- 6.1.2 China Vegan Cosmetics Market by Distribution Channel
- 6.2 Japan Vegan Cosmetics Market
- 6.2.1 Japan Vegan Cosmetics Market by Product
- 6.2.2 Japan Vegan Cosmetics Market by Distribution Channel
- 6.3 India Vegan Cosmetics Market
- 6.3.1 India Vegan Cosmetics Market by Product
- 6.3.2 India Vegan Cosmetics Market by Distribution Channel
- 6.4 South Korea Vegan Cosmetics Market
- 6.4.1 South Korea Vegan Cosmetics Market by Product
- 6.4.2 South Korea Vegan Cosmetics Market by Distribution Channel
- 6.5 Australia Vegan Cosmetics Market
- 6.5.1 Australia Vegan Cosmetics Market by Product
- 6.5.2 Australia Vegan Cosmetics Market by Distribution Channel
- 6.6 Malaysia Vegan Cosmetics Market
- 6.6.1 Malaysia Vegan Cosmetics Market by Product
- 6.6.2 Malaysia Vegan Cosmetics Market by Distribution Channel
- 6.7 Rest of Asia Pacific Vegan Cosmetics Market
- 6.7.1 Rest of Asia Pacific Vegan Cosmetics Market by Product
- 6.7.2 Rest of Asia Pacific Vegan Cosmetics Market by Distribution Channel
Chapter 7. Company Profiles
- 7.1 LVMH SE
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 SWOT Analysis
- 7.2 Weleda AG
- 7.2.1 Company overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Recent strategies and developments:
- 7.2.4.1 Product Launches and Product Expansions:
- 7.2.5 SWOT Analysis
- 7.3 Emma Jean Cosmetics, INC.
- 7.3.1 Company Overview
- 7.4 Monave
- 7.4.1 Company Overview
- 7.5 Pacifica Beauty LLC
- 7.5.1 Company Overview
- 7.5.2 Recent strategies and developments:
- 7.5.2.1 Geographical Expansions:
- 7.5.3 SWOT Analysis
- 7.6 NAOS
- 7.6.1 Company Overview
- 7.7 Amway Corporation
- 7.7.1 Company Overview
- 7.7.2 Recent strategies and developments:
- 7.7.2.1 Product Launches and Product Expansions:
- 7.7.3 SWOT Analysis
- 7.8 Clarins Group SA
- 7.8.1 Company Overview
- 7.9 L'Oreal S.A.
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Recent strategies and developments:
- 7.9.4.1 Acquisition and Mergers:
- 7.9.5 SWOT Analysis
- 7.10. gruum Europe Ltd. (gruum)
- 7.10.1 Company Overview
- 7.10.2 SWOT Analysis
LIST OF TABLES
- TABLE 1 Asia Pacific Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 2 Asia Pacific Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 3 Asia Pacific Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 4 Asia Pacific Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 5 Asia Pacific Skin Care Market by Country, 2020 - 2023, USD Million
- TABLE 6 Asia Pacific Skin Care Market by Country, 2024 - 2031, USD Million
- TABLE 7 Asia Pacific Color Cosmetics Market by Country, 2020 - 2023, USD Million
- TABLE 8 Asia Pacific Color Cosmetics Market by Country, 2024 - 2031, USD Million
- TABLE 9 Asia Pacific Hair Care Market by Country, 2020 - 2023, USD Million
- TABLE 10 Asia Pacific Hair Care Market by Country, 2024 - 2031, USD Million
- TABLE 11 Asia Pacific Others Market by Country, 2020 - 2023, USD Million
- TABLE 12 Asia Pacific Others Market by Country, 2024 - 2031, USD Million
- TABLE 13 Asia Pacific Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 14 Asia Pacific Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 15 Asia Pacific Specialty Stores Market by Country, 2020 - 2023, USD Million
- TABLE 16 Asia Pacific Specialty Stores Market by Country, 2024 - 2031, USD Million
- TABLE 17 Asia Pacific Hypermarkets & Supermarkets Market by Country, 2020 - 2023, USD Million
- TABLE 18 Asia Pacific Hypermarkets & Supermarkets Market by Country, 2024 - 2031, USD Million
- TABLE 19 Asia Pacific E-commerce Market by Country, 2020 - 2023, USD Million
- TABLE 20 Asia Pacific E-commerce Market by Country, 2024 - 2031, USD Million
- TABLE 21 Asia Pacific Others Market by Country, 2020 - 2023, USD Million
- TABLE 22 Asia Pacific Others Market by Country, 2024 - 2031, USD Million
- TABLE 23 Asia Pacific Vegan Cosmetics Market by Country, 2020 - 2023, USD Million
- TABLE 24 Asia Pacific Vegan Cosmetics Market by Country, 2024 - 2031, USD Million
- TABLE 25 China Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 26 China Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 27 China Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 28 China Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 29 China Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 30 China Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 31 Japan Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 32 Japan Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 33 Japan Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 34 Japan Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 35 Japan Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 36 Japan Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 37 India Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 38 India Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 39 India Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 40 India Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 41 India Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 42 India Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 43 South Korea Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 44 South Korea Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 45 South Korea Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 46 South Korea Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 47 South Korea Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 48 South Korea Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 49 Australia Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 50 Australia Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 51 Australia Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 52 Australia Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 53 Australia Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 54 Australia Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 55 Malaysia Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 56 Malaysia Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 57 Malaysia Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 58 Malaysia Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 59 Malaysia Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 60 Malaysia Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 61 Rest of Asia Pacific Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 62 Rest of Asia Pacific Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 63 Rest of Asia Pacific Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 64 Rest of Asia Pacific Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 65 Rest of Asia Pacific Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 66 Rest of Asia Pacific Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 67 key Information - LVMH SE
- TABLE 68 Key Information - Weleda AG
- TABLE 69 Key Information - Emma Jean Cosmetics, INC.
- TABLE 70 Key Information - Monave
- TABLE 71 Key Information - Pacifica Beauty LLC
- TABLE 72 Key Information - NAOS
- TABLE 73 Key Information - Amway Corporation
- TABLE 74 KEY INFORMATION - CLARINS GROUP SA
- TABLE 75 Key Information - L'Oreal S.A.
- TABLE 76 Key Information - gruum Europe Ltd.
