Global Vegan Cosmetics Market 2024, Forecast To 2033

27 Feb, 2024

The vegan cosmetics market has experienced robust growth, rising from $17.24 billion in 2023 to $18.61 billion in 2024, with a CAGR of 8.0%. This growth is attributed to increasing awareness of animal cruelty, demand for natural and organic beauty products, health and environmental concerns, celebrity endorsements, and the expansion of veganism as a lifestyle choice. Projections indicate continued strong growth to $25.61 billion in 2028, with a CAGR of 8.3%. The forecasted growth is driven by rising consumer preference for sustainable and ethical products, regulatory support for cruelty-free and vegan beauty, and trends such as advancements in vegan cosmetic formulations, certifications, and innovation in packaging.

Global Vegan Cosmetics Market Key Driver

The growing popularity of veganism drives the growth of the vegan cosmetics market. In 2022, 9.7 million Americans followed a vegetarian diet, with 1 million adopting veganism. The Vegan Beauty Takeover report highlights an 80% increase in new vegan beauty products in October 2021, reflecting the rising demand for plant-based cosmetics.

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Global Vegan Cosmetics Market Segments

The vegan cosmetics market covered in this report is segmented –
1) By Product: Skin Care, Hair Care, Color Cosmetics, Other Products
2) By Nature: Organic, Conventional
3) By Customer Orientation: Women, Men, Unisex, Kids
4) By Distribution Channel: Hypermarkets and Supermarkets, Specialty Stores, E-commerce, Other Distribution Channles
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions. Europe was the largest region in the vegan cosmetics market in 2023. The regions covered in the vegan cosmetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Major Vegan Cosmetics Industry Players

MuLondon Organic Skincare.; Loreal SA; Beauty Without Cruelty; Nature's Gate; MO MI BEAUTY; e. l. f. Cosmetics Inc.; COTY Company; Gabriel Cosmetics Inc.; Groupe Rocher; Pacific Beauty; Billy Jealousy LLC; Zuzu Luxe by Gabriel Cosmetics; Emma Jean Cosmetics; Modern Mineral Makeup; Arbonne International LLC; Estee Lauder Companies Inc.; Unilever plc; Cottage Holdco B. V.; E. L. F. Cosmetics Company; Korres S. A. Natural Products; Beiersdorf AG; Aubrey Organics Inc.; Dr. Bronner's Magic Soaps.; Desert Essence; Avalon Organics; California Baby LLC; Earth Mama Organics LLC; EO Products Inc.; Nourish Organic Inc.; Tata Harper Skincare.; Alba Botanica; Andalou Naturals; Badger Balm; John Masters Organics; Acure Organics; Shea Terra Organics LLC

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Vegan Cosmetics Market Overview

Vegan cosmetics are beauty products that are manufactured without the use of animal-derived raw materials. Vegan cosmetics are used for the enhancement of beauty without causing the skin damage that is caused by the use of artificial ingredients.

Vegan Cosmetics Global Market Report 2023 provides data on the global vegan cosmetics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The vegan cosmetics market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.