Vegan Cosmetics Market Size, Share, Growth, Analysis 2023-2028

Vegan Cosmetics Market Report by Product Type (Skin Care, Hair Care, Makeup, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, and Others), and Region 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A2760

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Market Overview:

The global vegan cosmetics market is expected to exhibit a growth rate (CAGR) of 6% during 2023-2028

Vegan cosmetics refer to the organic beauty products that precisely include plant-based extracts and environmental-friendly derivatives. These products are considered to be cruelty-free as they do not involve any animal-based byproducts or harmful chemical testing on animals. Vegan cosmetics contain a rich amount of naturally-extracted vitamins, minerals, antioxidants, gelatin, collagen, etc. These beauty products offer several benefits over chemical-based cosmetics in reducing skin acne, maintaining skin nourishment, and improving skin health with toxin-free ingredients. As a result, vegan cosmetics are widely available in the form of facial beauty products, eye cosmetics, nail make-up products, hair styling and coloring products.

The increasing penetration of veganism trends along with the rising consumer consciousness towards the source of origin of cosmetic products is primarily driving the demand for vegan cosmetics. Additionally, the high prevalence of several skin-related disorders coupled with the growing health concerns towards the negative impact of petroleum-based cosmetic ingredients is also augmenting the market growth. Besides this, the introduction of several awareness programs by various organizations for reducing the unethical activities and cruelty against animals during the manufacturing of beauty products is also propelling the market growth. In line with this, the implementation of stringent regulations regarding the ban on animal-based derivatives has further catalyzed the demand for vegan-certified beauty products. Furthermore, the increasing influence of social media beauty trends along with the growing number of celebrity endorsements for promoting the use of vegan cosmetics is also augmenting the product demand. Apart from the regular cosmetics that are available for women, several manufacturers are also introducing vegan men grooming products catering to their changing preferences and requirements. Additionally, the emergence of e-commerce platforms has increased the product offerings accompanied with lucrative discounts, doorstep delivery, and secured payment gateways. Moreover, several luxury clothing and accessory brands are also introducing vegan cosmetic range in their product portfolios to expand their consumer base.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vegan cosmetics market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and distribution channel.

Breakup by Product Type:

Skin Care
Hair Care
Makeup
Others

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
Others

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Arbonne International LLC (Yves Rocher), Billy Jealousy LLC, Coty Inc. (Cottage Holdco B.V.), Debenhams Retail Ltd. (Celine Jersey Topco Limited), Gabriel Cosmetics Inc., Kosé Corporation, L'Oréal S.A., Lush Retail Ltd., MuLondon Ltd. and Shiseido Company Limited.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Product Type, Distribution Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Arbonne International LLC (Yves Rocher), Billy Jealousy LLC, Coty Inc. (Cottage Holdco B.V.), Debenhams Retail Ltd. (Celine Jersey Topco Limited), Gabriel Cosmetics Inc., Kosé Corporation, L'Oréal S.A., Lush Retail Ltd., MuLondon Ltd. and Shiseido Company Limited
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the global vegan cosmetics market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global vegan cosmetics market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global vegan cosmetics market and who are the key players?
What is the degree of competition in the industry?

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