PUBLISHER: KBV Research | PRODUCT CODE: 1529330
PUBLISHER: KBV Research | PRODUCT CODE: 1529330
Europe 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 Europe Vegan Cosmetics Market would witness market growth of 5.5% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Vegan Cosmetics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,860.4 Million by 2031. The UK market is experiencing a CAGR of 4.6% during (2024 - 2031). Additionally, The France market would exhibit a CAGR of 6.6% during (2024 - 2031).
One of the most significant drivers of the market is the rising awareness and adoption of veganism. Veganism, once considered a niche movement, has gained substantial traction. This surge is not limited to dietary choices but extends to other aspects of daily life, including beauty and personal care. Consumers who adopt a vegan lifestyle seek products that align with their values, creating a burgeoning market for vegan cosmetics. Animal welfare concerns are a central tenet driving the demand for vegan cosmetics. The traditional cosmetics industry has long faced criticism for its reliance on animal testing and the use of animal-derived ingredients such as lanolin, beeswax, and carmine.
The demographic profile of consumers who are adopting vegan lifestyles is diverse, comprising a wide range of age groups and backgrounds. However, Millennials and Generation Z are particularly influential in driving this trend. These younger consumers are more likely to prioritize ethical consumption and sustainability in purchasing decisions. Approximately three-quarters of Generation Z and Millennials are prepared to pay a premium for products that are both environmentally friendly and socially considerate. This willingness to engage in ethical products is a substantial factor that is driving the expansion of the market.
Italy is experiencing a surge in demand for vegan cosmetics, driven by cultural shifts towards natural and sustainable living and supportive regulatory frameworks. The Italian National Institute of Statistics (ISTAT) reports increased consumer expenditure on organic and natural products, which extends to the beauty and personal care sector. The Italian government has also implemented policies that encourage using natural ingredients and cruelty-free practices in cosmetics. This shift is further supported by the Italian fashion and beauty industry's move towards sustainable practices, aligning with consumer preferences for ethical and vegan products. Thus, these factors contribute to a thriving European vegan cosmetics market.
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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)
Europe 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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Vegan Cosmetics Market, by Product
- 1.4.2 Europe Vegan Cosmetics Market, by Distribution Channel
- 1.4.3 Europe 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. Europe Vegan Cosmetics Market by Product
- 4.1 Europe Skin Care Market by Country
- 4.2 Europe Color Cosmetics Market by Country
- 4.3 Europe Hair Care Market by Country
- 4.4 Europe Others Market by Country
Chapter 5. Europe Vegan Cosmetics Market by Distribution Channel
- 5.1 Europe Specialty Stores Market by Country
- 5.2 Europe Hypermarkets & Supermarkets Market by Country
- 5.3 Europe E-commerce Market by Country
- 5.4 Europe Others Market by Country
Chapter 6. Europe Vegan Cosmetics Market by Country
- 6.1 Germany Vegan Cosmetics Market
- 6.1.1 Germany Vegan Cosmetics Market by Product
- 6.1.2 Germany Vegan Cosmetics Market by Distribution Channel
- 6.2 UK Vegan Cosmetics Market
- 6.2.1 UK Vegan Cosmetics Market by Product
- 6.2.2 UK Vegan Cosmetics Market by Distribution Channel
- 6.3 France Vegan Cosmetics Market
- 6.3.1 France Vegan Cosmetics Market by Product
- 6.3.2 France Vegan Cosmetics Market by Distribution Channel
- 6.4 Russia Vegan Cosmetics Market
- 6.4.1 Russia Vegan Cosmetics Market by Product
- 6.4.2 Russia Vegan Cosmetics Market by Distribution Channel
- 6.5 Spain Vegan Cosmetics Market
- 6.5.1 Spain Vegan Cosmetics Market by Product
- 6.5.2 Spain Vegan Cosmetics Market by Distribution Channel
- 6.6 Italy Vegan Cosmetics Market
- 6.6.1 Italy Vegan Cosmetics Market by Product
- 6.6.2 Italy Vegan Cosmetics Market by Distribution Channel
- 6.7 Rest of Europe Vegan Cosmetics Market
- 6.7.1 Rest of Europe Vegan Cosmetics Market by Product
- 6.7.2 Rest of Europe 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 Europe Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 2 Europe Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 3 Europe Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 4 Europe Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 5 Europe Skin Care Market by Country, 2020 - 2023, USD Million
- TABLE 6 Europe Skin Care Market by Country, 2024 - 2031, USD Million
- TABLE 7 Europe Color Cosmetics Market by Country, 2020 - 2023, USD Million
- TABLE 8 Europe Color Cosmetics Market by Country, 2024 - 2031, USD Million
- TABLE 9 Europe Hair Care Market by Country, 2020 - 2023, USD Million
- TABLE 10 Europe Hair Care Market by Country, 2024 - 2031, USD Million
- TABLE 11 Europe Others Market by Country, 2020 - 2023, USD Million
- TABLE 12 Europe Others Market by Country, 2024 - 2031, USD Million
- TABLE 13 Europe Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 14 Europe Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 15 Europe Specialty Stores Market by Country, 2020 - 2023, USD Million
- TABLE 16 Europe Specialty Stores Market by Country, 2024 - 2031, USD Million
- TABLE 17 Europe Hypermarkets & Supermarkets Market by Country, 2020 - 2023, USD Million
- TABLE 18 Europe Hypermarkets & Supermarkets Market by Country, 2024 - 2031, USD Million
- TABLE 19 Europe E-commerce Market by Country, 2020 - 2023, USD Million
- TABLE 20 Europe E-commerce Market by Country, 2024 - 2031, USD Million
- TABLE 21 Europe Others Market by Country, 2020 - 2023, USD Million
- TABLE 22 Europe Others Market by Country, 2024 - 2031, USD Million
- TABLE 23 Europe Vegan Cosmetics Market by Country, 2020 - 2023, USD Million
- TABLE 24 Europe Vegan Cosmetics Market by Country, 2024 - 2031, USD Million
- TABLE 25 Germany Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 26 Germany Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 27 Germany Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 28 Germany Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 29 Germany Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 30 Germany Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 31 UK Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 32 UK Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 33 UK Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 34 UK Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 35 UK Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 36 UK Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 37 France Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 38 France Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 39 France Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 40 France Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 41 France Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 42 France Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 43 Russia Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 44 Russia Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 45 Russia Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 46 Russia Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 47 Russia Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 48 Russia Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 49 Spain Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 50 Spain Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 51 Spain Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 52 Spain Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 53 Spain Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 54 Spain Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 55 Italy Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 56 Italy Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 57 Italy Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 58 Italy Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 59 Italy Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 60 Italy Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 61 Rest of Europe Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 62 Rest of Europe Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 63 Rest of Europe Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 64 Rest of Europe Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 65 Rest of Europe Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 66 Rest of Europe 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.
