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Vegan Cosmetics Market Overview:
The Vegan Cosmetics Market is projected to expand significantly, with an estimated size of $ 25.4 billion by 2030. This growth is expected to occur at a compound annual growth rate CAGR of 6% during the forecast period from 2023 to 2030. The vegan cosmetics market has experienced substantial growth and popularity in recent years. Increasing awareness of animal cruelty, environmental concerns, and health issues has driven the demand for cruelty-free and plant-based beauty products.
Consumers, especially millennials and Gen Z, are seeking products aligned with their ethical values. Mainstream beauty brands and niche companies have expanded their vegan product offerings to cater to this demand. Innovations in vegan formulations have resulted in high-performance products, comparable to conventional cosmetics. Influencers and celebrities endorsing vegan cosmetics have also contributed to market growth. Retailers have responded by dedicating shelf space to vegan beauty products.
Additionally, the focus on sustainable packaging aligns with consumers' environmental concerns. Overall, the vegan cosmetics market continues to thrive as conscious consumers seek ethically responsible and sustainable beauty options.
Market Snapshot:
Vegan Cosmetics Market - Report Coverage:
The “Vegan Cosmetics Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Microkeratome Market.
| Attribute | Segment |
|---|---|
By Product Type |
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By Packaging Type |
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By Gender Types |
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By Distribution Channel |
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By Geography |
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Vegan Cosmetics Market - Top Trends
Increased Awareness and Demand: Growing awareness of animal cruelty, environmental concerns, and health issues associated with traditional cosmetics led to a significant increase in demand for vegan and cruelty-free beauty products.
Mainstream Availability: Vegan cosmetics transitioned from niche to mainstream, with major beauty brands and retailers offering dedicated vegan product lines to cater to the rising demand.
Innovations in Formulations: Manufacturers focused on developing advanced vegan formulations that matched or even surpassed the performance of non-vegan alternatives, meeting consumer expectations for quality and effectiveness.
Clean and Transparent Labels: Consumers increasingly sought products with clean, transparent, and natural ingredient lists, prompting vegan cosmetics brands to emphasize transparency and ethical sourcing.
Social Media and Influencer Impact: Influencers and celebrities played a crucial role in promoting vegan cosmetics, raising awareness and driving acceptance among their followers.
The Vegan Cosmetics Market - Company Analysis
Estee Lauder Companies Inc.: Estee Lauder is a well-known multinational cosmetics company with a diverse portfolio of brands. While not all of their brands are exclusively vegan, they have been gradually expanding their offerings to include vegan and cruelty-free options to cater to the growing demand for ethical beauty products.
LVMH Group: LVMH (Moët Hennessy Louis Vuitton) is a luxury goods conglomerate with a presence in various sectors, including cosmetics and perfumes. Similar to Estee Lauder, some of their brands offer vegan and cruelty-free options to meet consumer demands.
MuLondon: MuLondon is a vegan and organic skincare brand known for its handmade and ethical products. They have a strong commitment to using natural, cruelty-free, and sustainable ingredients in their formulations.
Weleda: Weleda is a well-established natural skincare brand with a focus on using plant-based ingredients in their products. They have a wide range of vegan skincare and beauty offerings.
Amway Corporation: Amway is a direct selling company that offers various products, including cosmetics and personal care items. Some of their brands may have vegan and cruelty-free options in their product lines.
Groupe Rocher: Groupe Rocher is a French multinational company with a portfolio of cosmetic and personal care brands, including Yves Rocher. Some of their products are vegan and cruelty-free, aligning with their commitment to ethical beauty.
Modern Mineral Makeup: Modern Mineral Makeup specializes in mineral-based cosmetics that are vegan, gluten-free, and free from harmful chemicals. They are known for their clean and ethical approach to beauty products.
Urban Decay: Urban Decay is a well-known brand that offers a range of makeup products, some of which are vegan. While not entirely vegan, they have specific product lines that cater to consumers looking for cruelty-free and vegan options.
Arbonne: Arbonne is a multi-level marketing company that provides a range of vegan skincare, makeup, and nutrition products. They are committed to using plant-based ingredients and avoiding harmful chemicals.
Pacifica: Pacifica is a popular brand offering a wide range of vegan and cruelty-free beauty products, including makeup, skincare, and fragrance. They focus on natural and sustainable ingredients.
Nature’s Gate: Nature's Gate is a skincare and haircare brand with a commitment to using vegan, natural ingredients. They avoid animal testing and harmful chemicals in their products.
Beauty Without Cruelty: Beauty Without Cruelty is a vegan cosmetics brand that has been advocating against animal testing since the 1960s. They offer a variety of cruelty-free makeup and skincare products.
Billy Jealousy: Billy Jealousy is a men's grooming brand that offers vegan and cruelty-free products for skincare, shaving, and haircare. They focus on natural and organic ingredients.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Vegan Cosmetics Market adopt. The top 10 companies in Vegan Cosmetics Market are listed below:
1. Ecco Bella
2. Bare Blossom
3. Emma Jean Cosmetics
4. Modern Mineral Makeup
5. Urban Decay
6. Arbonne, Pacifica
7. Nature’s Gate
8. Beauty Without Cruelty
9. Billy Jealousy
10. MuLondon Organic
Scope of the Report:
| Report Metric | Details |
|---|---|
Base Year Considered | 2022 |
Forecast Period | 2023–2030 |
CAGR | 6% |
Market Size in 2030 | $ 25.4 Billion |
Segments Covered | By Product Type,By Packaging Type,By Gender , Distribution Channel and Region |
Geographies Covered | North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
Key Market Players | 2. Bare Blossom 3. Emma Jean Cosmetics 4. Modern Mineral Makeup 5. Urban Decay 6. Arbonne, Pacifica 7. Nature’s Gate 8. Beauty Without Cruelty 9. Billy Jealousy 10. MuLondon Organic |
1. Vegan Cosmetics MarketOverview
1.1 Definitions and Scope
2. Vegan Cosmetics Market– Executive Summary
3. Vegan Cosmetics Market– Market Landscape
3.1 Company Benchmarking – Key Companies
3.2 Key Company Financial Analysis
3.3 Market Share Analysis – Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Vegan Cosmetics Market– Startup Company Scenario
4.1 Investment
4.2 Revenue
4.3 Venture Capital and Funding Scenario
5. Vegan Cosmetics Market– Market Entry Scenario Premium
5.1 Regulatory Scenario
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Vegan Cosmetics Market– Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porter’s Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. Vegan Cosmetics Market– Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle Analysis
8. Vegan Cosmetics Market– By Product Type (Market Size - $Million/$Billion)
8.1 Skincare
8.1.1 Market Trends by Region
8.1.2. Market Share & Forecast by Region
8.2 Cosmetics
8.2.1 Market Trends by Region
8.2.2 Market Share & Forecast by Region
8.3 Haircare
8.3.1 Market Trends by Region
8.3.2 Market Share & Forecast by Region
8.4 Lip Products
8.4.1 Market Trends by Region
8.4.2 Market Share & Forecast by Region
8.5 Others
8.5.1 Market Trends by Region
8.5.2 Market Share & Forecast by Region
9. Vegan Cosmetics Market– by Packaging Type (Market Size - $Million/$Billion)
9.1 Pumps & Dispensers
9.1.1 Market Share & Forecast by Region
9.1.2 Market Share & Forecast by Region
9.2 Compact Cases
9.2.1 Market Trends by Region
9.2.2 Market Share & Forecast by Region
9.3 Jars
9.3.1 Market Trends by Region
9.3.2 Market Share & Forecast by Region
9.4 Tubes
9.4.1 Market Trends by Region
9.4.2 Market Share & Forecast by Region
9.5 Pencils and Sticks
9.5.1 Market Trends by Region
9.5.2 Market Share & Forecast by Region
9.6 Others
9.6.1 Market Trends by Region
9.6.2 Market Share & Forecast by Region
10. Vegan Cosmetics Market– by Gender (Market Size - $Million/$Billion)
10.1 Women
10.1.1 Market Trends by Region
10.1.2 Market Share & Forecast by Region
10.2 Men
10.2.1 Market Trends by Region
10.2.2 Market Share & Forecast by Region
10.3 Children
10.3.1 Market Trends by Region
10.3.2 Market Share & Forecast by Region
11. Vegan Cosmetics Market– by End User (Market Size - $Million/$Billion)
11.1 Personal
11.1.1 Market Trends by Region
11.1.2 Market Share & Forecast by Region
11.2 Commercial
11.2.1 Market Trends by Region
11.2.2 Market Share & Forecast by Region
12. Vegan Cosmetics Market– by Distribution Channel (Market Size - $Million/$Billion)
12.1 Hypermarkets/supermarkets
12.2 Specialty Stores
12.2.1 Market Trends by Region
12.2.2 Market Share & Forecast by Region
12.3 Online Channels
12.3.1 Market Trends by Region
12.3.2 Market Share & Forecast by Region
12.4 Others
12.4.1 Market Trends by Region
12.4.2 Market Share & Forecast by Region
13. Vegan Cosmetics Market– by Geography (Market Size - $Million/$Billion)
13.1 North America
13.1.1 U.S.
13.1.2 Canada
13.1.3 Mexico
13.2 Europe
13.2.1 Germany
13.2.2 France
13.2.3 U.K.
13.2.4 Italy
13.2.5 Spain
13.2.6 Russia
13.2.7 Rest of Europe
13.3 Asia-Pacific
13.3.1 China
13.3.2 Japan
13.3.3 South Korea
13.3.4 India
13.3.5 Australia & New Zealand
13.3.6 Rest of Asia-Pacific
13.4 South America
13.4.1 Brazil
13.4.2 Argentina
13.4.3 Chile
13.4.4 Colombia
13.4.5 Rest of South America
13.5 Rest of the World
13.5.1 Middle East
13.5.2 Africa
14. Vegan Cosmetics Market– Market Entropy
14.1 New product launches
14.2 M&A’s, collaborations, JVs and partnerships
15. Vegan Cosmetics Market– Industry Competition Landscape
15.1 Market Share Analysis
15.1.1 Market Share by Technology – Key Companies
15.1.2 Market Share by Country – Key Companies
15.1.3 Market Share by Region – Key Companies
15.2 Competition Matrix
15.3 Best Practices for Companies
16. Vegan Cosmetics Market– Key Company List by Country Premium
17. Vegan Cosmetics Market– Company Analysis
17.1 Estee Lauder Companies Inc.,
17.2 LVMH Group,
17.3 MuLondon
17.4 Weleda
17.5 Amway Corporation
17.6 Groupe Rocher
17.7 Pacifica Beauty
17.8 Unilever plc
17.9 Zuzu Luxe
17.10 Ecco Bella
17.11 Bare Blossom
17.12 Emma Jean Cosmetics
17.13 Modern Mineral Makeup
17.14 Urban Decay
17.15 Arbonne, Pacifica
17.16 Nature’s Gate
17.17 Beauty Without Cruelty
17.18 Billy Jealousy
17.19 MuLondon Organic
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The Vegan Cosmetics Market is forecast to grow at 6.3% during the forecast period 2023-2030.
The Global Vegan Cosmetics Market size is estimated to be $ 16.6 Billion in 2023 and is projected to reach $29.5 Billion by 2030.
The leading players in the Vegan Cosmetics Market are Ecco Bella, Bare Blossom, Emma Jean Cosmetics, Modern Mineral Makeup ,Urban Decay , Beauty Without Cruelty and others.