PUBLISHER: KBV Research | PRODUCT CODE: 1529333
PUBLISHER: KBV Research | PRODUCT CODE: 1529333
LAMEA 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 Latin America, Middle East and Africa Vegan Cosmetics Market would witness market growth of 8.8% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Vegan Cosmetics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $502.4 Million by 2031. The Argentina market is capturing a CAGR of 9.4% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7.7% during (2024 - 2031).
The increasing awareness and adoption of veganism have also led to significant changes in the beauty industry's landscape. Major cosmetic brands recognize the growing demand for vegan products and are expanding their offerings to include vegan and cruelty-free lines. This shift is not limited to niche or indie brands; mainstream companies like L'Oreal, Unilever, and Procter & Gamble invest in developing vegan products to cater to this burgeoning market. Expanding vegan product lines by established brands helps normalize veganism and make these products more accessible to a broader audience.
Retailers are also responding to the rising demand for vegan cosmetics. Stores such as Sephora, Ulta, and major supermarket chains are increasing their inventory of vegan and cruelty-free products, dedicating shelf space and online categories specifically for these items. This expanded availability facilitates consumers' discovery and acquisition of vegan cosmetics, thereby fostering market expansion. E-commerce platforms, in particular, have become essential in reaching consumers who prefer the convenience of online shopping and who may not have access to a wide range of vegan products locally.
A growing number of Brazilian consumers are becoming more conscious of the importance of animal welfare and environmental sustainability, which is driving the rapid growth of the market for vegan cosmetics in the country. According to the Brazilian Institute of Geography and Statistics (IBGE), there has been a significant shift in consumer preferences towards products that are cruelty-free and free from animal-derived ingredients. The Brazilian government has also supported sustainable practices and encouraged using natural ingredients in cosmetics. Additionally, Brazil has seen legislative changes, with bans on animal cosmetics testing in several states. This regulatory environment, a growing middle class, and increased disposable incomes have contributed to the country's vegan cosmetics market expansion. Thus, the LAMEA vegan cosmetics market shows immense growth potential.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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)
LAMEA 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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Vegan Cosmetics Market, by Product
- 1.4.2 LAMEA Vegan Cosmetics Market, by Distribution Channel
- 1.4.3 LAMEA 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. LAMEA Vegan Cosmetics Market by Product
- 4.1 LAMEA Skin Care Market by Country
- 4.2 LAMEA Color Cosmetics Market by Country
- 4.3 LAMEA Hair Care Market by Country
- 4.4 LAMEA Others Market by Country
Chapter 5. LAMEA Vegan Cosmetics Market by Distribution Channel
- 5.1 LAMEA Specialty Stores Market by Country
- 5.2 LAMEA Hypermarkets & Supermarkets Market by Country
- 5.3 LAMEA E-commerce Market by Country
- 5.4 LAMEA Others Market by Country
Chapter 6. LAMEA Vegan Cosmetics Market by Country
- 6.1 Brazil Vegan Cosmetics Market
- 6.1.1 Brazil Vegan Cosmetics Market by Product
- 6.1.2 Brazil Vegan Cosmetics Market by Distribution Channel
- 6.2 Argentina Vegan Cosmetics Market
- 6.2.1 Argentina Vegan Cosmetics Market by Product
- 6.2.2 Argentina Vegan Cosmetics Market by Distribution Channel
- 6.3 UAE Vegan Cosmetics Market
- 6.3.1 UAE Vegan Cosmetics Market by Product
- 6.3.2 UAE Vegan Cosmetics Market by Distribution Channel
- 6.4 Saudi Arabia Vegan Cosmetics Market
- 6.4.1 Saudi Arabia Vegan Cosmetics Market by Product
- 6.4.2 Saudi Arabia Vegan Cosmetics Market by Distribution Channel
- 6.5 South Africa Vegan Cosmetics Market
- 6.5.1 South Africa Vegan Cosmetics Market by Product
- 6.5.2 South Africa Vegan Cosmetics Market by Distribution Channel
- 6.6 Nigeria Vegan Cosmetics Market
- 6.6.1 Nigeria Vegan Cosmetics Market by Product
- 6.6.2 Nigeria Vegan Cosmetics Market by Distribution Channel
- 6.7 Rest of LAMEA Vegan Cosmetics Market
- 6.7.1 Rest of LAMEA Vegan Cosmetics Market by Product
- 6.7.2 Rest of LAMEA 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 LAMEA Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 2 LAMEA Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 3 LAMEA Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 4 LAMEA Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 5 LAMEA Skin Care Market by Country, 2020 - 2023, USD Million
- TABLE 6 LAMEA Skin Care Market by Country, 2024 - 2031, USD Million
- TABLE 7 LAMEA Color Cosmetics Market by Country, 2020 - 2023, USD Million
- TABLE 8 LAMEA Color Cosmetics Market by Country, 2024 - 2031, USD Million
- TABLE 9 LAMEA Hair Care Market by Country, 2020 - 2023, USD Million
- TABLE 10 LAMEA Hair Care Market by Country, 2024 - 2031, USD Million
- TABLE 11 LAMEA Others Market by Country, 2020 - 2023, USD Million
- TABLE 12 LAMEA Others Market by Country, 2024 - 2031, USD Million
- TABLE 13 LAMEA Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 14 LAMEA Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 15 LAMEA Specialty Stores Market by Country, 2020 - 2023, USD Million
- TABLE 16 LAMEA Specialty Stores Market by Country, 2024 - 2031, USD Million
- TABLE 17 LAMEA Hypermarkets & Supermarkets Market by Country, 2020 - 2023, USD Million
- TABLE 18 LAMEA Hypermarkets & Supermarkets Market by Country, 2024 - 2031, USD Million
- TABLE 19 LAMEA E-commerce Market by Country, 2020 - 2023, USD Million
- TABLE 20 LAMEA E-commerce Market by Country, 2024 - 2031, USD Million
- TABLE 21 LAMEA Others Market by Country, 2020 - 2023, USD Million
- TABLE 22 LAMEA Others Market by Country, 2024 - 2031, USD Million
- TABLE 23 LAMEA Vegan Cosmetics Market by Country, 2020 - 2023, USD Million
- TABLE 24 LAMEA Vegan Cosmetics Market by Country, 2024 - 2031, USD Million
- TABLE 25 Brazil Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 26 Brazil Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 27 Brazil Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 28 Brazil Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 29 Brazil Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 30 Brazil Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 31 Argentina Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 32 Argentina Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 33 Argentina Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 34 Argentina Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 35 Argentina Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 36 Argentina Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 37 UAE Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 38 UAE Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 39 UAE Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 40 UAE Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 41 UAE Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 42 UAE Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 43 Saudi Arabia Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 44 Saudi Arabia Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 45 Saudi Arabia Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 46 Saudi Arabia Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 47 Saudi Arabia Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 48 Saudi Arabia Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 49 South Africa Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 50 South Africa Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 51 South Africa Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 52 South Africa Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 53 South Africa Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 54 South Africa Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 55 Nigeria Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 56 Nigeria Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 57 Nigeria Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 58 Nigeria Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 59 Nigeria Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 60 Nigeria Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
- TABLE 61 Rest of LAMEA Vegan Cosmetics Market, 2020 - 2023, USD Million
- TABLE 62 Rest of LAMEA Vegan Cosmetics Market, 2024 - 2031, USD Million
- TABLE 63 Rest of LAMEA Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
- TABLE 64 Rest of LAMEA Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
- TABLE 65 Rest of LAMEA Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
- TABLE 66 Rest of LAMEA 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.
