Table of Content - Vegan Cosmetics Market

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

Table of Contents

Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

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)

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

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

Overview
Factors Affecting the Global Vegan Cosmetics Market
Impact Analysis

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

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

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

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

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

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.

Company Overview
Product Portfolio
Recent Developments/Updates

Beauty with Cruelty

Company Overview
Product Portfolio
Recent Developments/Updates

Elf Cosmetic Company

Company Overview
Product Portfolio
Recent Developments/Updates

Urban Decay

Company Overview
Product Portfolio
Recent Developments/Updates

Nature’s Gate

Company Overview
Product Portfolio
Recent Developments/Updates

Billy

Company Overview
Product Portfolio
Recent Developments/Updates

TJS India

Company Overview
Product Portfolio
Recent Developments/Updates

Seraphine Botanicals

Company Overview
Product Portfolio
Recent Developments/Updates

Hera Beauty Ltd.

Company Overview
Product Portfolio
Recent Developments/Updates

Herrco Cosmetics

Company Overview
Product Portfolio
Recent Developments/Updates

Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

Section

References
Research Methodology
About Us and Sales Contact

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