Vegan Cosmetics– Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F Segmented By Product Type (Skin Care, Hair Care, Makeup, Others (Perfumes, Deodorants etc.), By Price Range (Low, Medium High), By Distribution Channel (Supermarkets/Hypermarkets, Departmental Stores, Specialty Stores, Online, and Others (Multi-Branded Stores, Direct Sales, etc.)), By Region

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Summary

Report Description

The global vegan cosmetics market is rising due to factors such as millennials’ awareness of vegan cosmetics, engagement of smaller companies and start-ups, and growing environmental awareness. Such factors are anticipated to have a positive impact on the vegan cosmetics market in the forecast period.

Vegan products are strictly manufactured without using any animal ingredients and are not subjected to animal testing. Vegan cosmetics are manufactured with a variety of organic ingredients, including oils, plant extracts, natural preservatives, emulsifiers, and vitamins C and E, etc. All these ingredients are purchased by vegan cosmetics producers directly from farmers or through a specific community trade program.

Skin care, hair care, makeup/color, and others, which include deodorants, scents, and personal care items, are some of the several vegan cosmetic categories. The skincare segment products are largely used by men and women across the world, owing to which it generates highest revenue. In addition, this category, followed by hair care items, would be the most valuable during the forecast period. People are being influenced by changing climate conditions to use skin care items including lotions, moisturizers, and sunscreen creams. The vegan cosmetics market's fastest growing segment in makeup. Among millennials, makeup has grown increasingly popular. Lipsticks, eyeliners, bright colors for the eyes and face, and other items comprise makeup. This market segment is being driven by an increase in the number of youths globally as well as an increase in disposable income. In nations like France, India, the US., and the UK, the makeup industry is expanding quickly.

Initially, it was discovered that just 15% of women often examine the labels and contents of the cosmetic items they purchase, while 10% indicated they never do. A significant just over 34% of respondents claimed that they now do more than they used to, while another 41% added that they do so occasionally. While 15% of consumers check the labels of cosmetic products to look for less dangerous components and 18% do so due to allergies, it was discovered that 29% do so due to lifestyle decisions (i.e., veganism). Even more people admitted to reading labels to make sure the products they buy are better for the environment (34%). Also, according to a YouGov survey conducted in 2021, 53% of UK adults were unsure how to recognize a skincare product that used chemicals produced from animals.

 Asia Pacific is the leading region having major market share, followed by Europe. During the forecast period, increased production of vegan cosmetics in major European nations is anticipated to produce high revenue. The demand for vegan cosmetics is expected to increase in several nations, including France, as consumers' preference is changing towards natural and vegan products. Germany, the United States, the United Kingdom, India, and Singapore are the top importers of vegan cosmetics. The import and export of vegan cosmetics will keep increasing in response to the rising demand for personal care products in developed nations.

The enormous popularity and quickly rising market penetration of organic cosmetics have had a negative impact on the vegan cosmetics business. These cosmetics are made without the use of harmful synthetic fertilizers, pesticides, etc. In contrast to the organic segment, which has already acquired a large consumer base, the vegan cosmetics market is still relatively new and niche. Organic products offer the USDA (United States Department of Agriculture) seal, which guarantees that they were grown and processed without the use of any antibiotics, hazardous pesticides, or synthetic growth hormones, and they provide government-backed assurance.


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Rising popularity of Natural-based and Safer Cosmetics Fueling the Market Growth

Growing consumer knowledge of health and wellness has led to a movement  towards using safer ingredients in their cosmetics. There is a huge market for cosmetics made without using any animal products and without subjecting any animals to testing. The number of beauty blogs and social media sites devoted to the advantages of switching to chemical-free products is constantly growing, which has improved consumer knowledge. The expansion of organically derived products is being fueled by consumers' shifting attitudes about vegan products as well as an increase in the use of environmentally friendly items. Manufacturing goods with natural ingredients helps reduce pollution and dependence on petroleum-based goods. The need for chemical-free, animal-tested skin free and hair care products is on the rise, and consumer attitudes toward natural personal care are shifting, which has fueled the growth of vegan cosmetics.

Rapid Change in the Cosmetic Trend Driving the Market Growth

The global vegan cosmetics market is being impacted by the quick change in cosmetic trends because most consumers find animal cruelty to be unethical and are raising awareness about it. The consumer acceptance of natural alternatives like plant-based personal care products is another important factor driving this industry. The global market for vegan cosmetics has increased because of growing concern about animal testing and the banning of the use of some animal products, including hair, fur, and other by some developed nations like Europe.

Awareness of Millennials towards Vegan Cosmetics Enhancing the Market Growth

The market for vegan cosmetics is expanding not just because more people are opting to avoid animal products, but also because more customers, particularly millennials, are coming around to the concept that it is wrong to injure animals for the sake of beauty. The variety of cosmetic options available to vegans has rapidly increased in recent years because of the emergence of new brands and the decision by established brands to either go totally vegan or produce a vegan line. The benefits of utilizing natural and organic skincare products are more widely recognized than ever, and veganism is becoming more popular, especially among younger people. It is no longer viewed as crazy and weird because more millennials are embracing vegan lifestyles and promoting them on social media. It is currently fashionable, with more options available online and retail, with many A-list celebrities promoting the advantages of following a healthy vegan lifestyle.

Market Segmentation

The global vegan cosmetics market is segmented based on product type, price range, distribution channel, region, and competitional landscape. Based on product type, the market is further fragmented into skin care, hair care, makeup, others (perfumes, deodorants etc.). Based on price range, the market is further fragmented into low, medium, high. Based on the distribution channel the market is segmented into supermarkets/hypermarkets, departmental stores, specialty stores, online, and others (multi-branded stores, direct sales, etc.)..

Company Profiles

L'Oréal AS, Urban Decay Cosmetics LLCPacifica Beauty, LLCn, Lotus Light Enterprises (Beauty Without Cruelty), Gabriel Cosmetics, Inc., G & M COSMETICS PTY. LIMITED PHB Ethical Beauty Ltd, Nutriglow Cosmetics Private Limited,  Natura & Co,  Coty Inc., are among the major market players in the global vegan cosmetics market. Players in the market are implementing merger and acquisition tactics to improve their product offerings. Additionally, businesses employ innovative technologies as they concentrate on increasing their manufacturing capacity.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Product Type

Price Range

Distribution Channel

Region

Regional Scope

North America, Europe, Asia-Pacific, Middle East & Africa, and South America

Country Scope

United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, Netherlands, Poland, China, India, Japan, South Korea, Australia, Vietnam, Malaysia, Saudi Arabia, UAE, South Africa, Turkey, Egypt, Brazil, Argentina, Colombia

Key Companies Profiled

L'Oréal AS, Urban Decay Cosmetics LLCPacifica Beauty, LLCn, Lotus Light Enterprises (Beauty Without Cruelty), Gabriel Cosmetics, Inc., G & M COSMETICS PTY. LIMITED PHB Ethical Beauty Ltd, Nutriglow Cosmetics Private Limited,  Natura & Co,  Coty Inc.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, the global vegan cosmetics market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Vegan Cosmetics Market, By Product Type:
    • Skin Care
    • Hair Care
    • Makeup
    • Others (Perfumes, Deodorants etc.)
  • Vegan Cosmetics Market, By Price Range:
    • Low
    • Medium
    • High
  • Vegan Cosmetics Market, By Distribution Channel:
    • Supermarkets/Hypermarkets
    • Departmental Stores
    • Specialty Stores
    •  Online
    • Others
  • Vegan Cosmetics Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • Italy
      • France
      • Spain
      • United Kingdom
      • Netherlands
      • Poland
    • Asia-Pacific
      • China
      • Japan
      • India
      • Indonesia
      • Vietnam
      • Malaysia
      • South Korea
      • Australia
    • Middle East & Africa
      • Saudi Arabia
      • Egypt
      • UAE
      • Turkey
      • South Africa
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global vegan cosmetics market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Vegan Cosmetics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis (B2C Model Analysis)

4.1.  Sample Size Determination

4.2.  Respondent Demographics

4.2.1.    By Gender

4.2.2.    By Age

4.2.3.    By Occupation

4.3.  Brand Awareness

4.4.  Frequency of Purchase

4.5.  Factors Influencing Purchase Decision

4.6.  Customer Satisfaction

4.7.  Challenges Faced Post Purchase

5.    Global Vegan Cosmetics Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Product Type Market Share Analysis (Skin Care, Hair Care, Makeup, Others (Perfumes, Deodorants etc.))

5.2.2.    By Price Range Market Share Analysis (Low, Medium, High)

5.2.3.    By Distribution Channel Market Share Analysis (Supermarkets/Hypermarkets, Departmental Stores, Specialty Stores, Online, and Others (Multi-Branded Stores, Direct Sales, etc.)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        Asia -Pacific Market Analysis

5.2.4.2.        North America Market Analysis

5.2.4.3.        Europe Market Analysis

5.2.4.4.        Middle East & Africa Market Analysis

5.2.4.5.        South America Market Analysis

5.2.5.    By Company Market Share Analysis

5.3.  Global Vegan Cosmetics Mapping & Opportunity Assessment

5.3.1.    By Product Type Market Mapping & Opportunity Assessment

5.3.2.    By Price Range Market Mapping & Opportunity Assessment

5.3.3.    By Distribution Channel Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Vegan Cosmetics Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product Type Market Share Analysis

6.2.2.    By Price Range Market Share Analysis

6.2.3.    By Distribution Channel Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Vegan Cosmetics Market Outlook

6.2.4.1.1.           Market Size & Forecast

6.2.4.1.1.1.               By Value

6.2.4.1.2.           Market Share & Forecast

6.2.4.1.2.1.               By Product Type Market Share Analysis

6.2.4.1.2.2.               By Price Range Market Share Analysis

6.2.4.1.2.3.               By Distribution Channel Market Share Analysis

6.2.4.2.        Japan Vegan Cosmetics Market Outlook

6.2.4.2.1.           Market Size & Forecast

6.2.4.2.1.1.               By Value

6.2.4.2.2.           Market Share & Forecast

6.2.4.2.2.1.               By Product Type Market Share Analysis

6.2.4.2.2.2.               By Price Range Market Share Analysis

6.2.4.2.2.3.               By Distribution Channel Market Share Analysis

6.2.4.3.        India Vegan Cosmetics Market Outlook

6.2.4.3.1.           Market Size & Forecast

6.2.4.3.1.1.               By Value

6.2.4.3.2.           Market Share & Forecast

6.2.4.3.2.1.               By Product Type Market Share Analysis

6.2.4.3.2.2.               By Price Range Market Share Analysis

6.2.4.3.2.3.               By Distribution Channel Market Share Analysis

6.2.4.4.        Indonesia Vegan Cosmetics Market Outlook

6.2.4.4.1.           Market Size & Forecast

6.2.4.4.1.1.               By Value

6.2.4.4.2.           Market Share & Forecast

6.2.4.4.2.1.               By Product Type Market Share Analysis

6.2.4.4.2.2.               By Price Range Market Share Analysis

6.2.4.4.2.3.               By Distribution Channel Market Share Analysis

6.2.4.5.        Vietnam Vegan Cosmetics Market Outlook

6.2.4.5.1.           Market Size & Forecast

6.2.4.5.1.1.               By Value

6.2.4.5.2.           Market Share & Forecast

6.2.4.5.2.1.               By Product Type Market Share Analysis

6.2.4.5.2.2.               By Price Range Market Share Analysis

6.2.4.5.2.3.               By Distribution Channel Market Share Analysis

6.2.4.6.        Malaysia Vegan Cosmetics Market Outlook

6.2.4.6.1.           Market Size & Forecast

6.2.4.6.1.1.               By Value

6.2.4.6.2.           Market Share & Forecast

6.2.4.6.2.1.               By Product Type Market Share Analysis

6.2.4.6.2.2.               By Price Range Market Share Analysis

6.2.4.6.2.3.               By Distribution Channel Market Share Analysis

6.2.4.7.        South Korea Vegan Cosmetics Market Outlook

6.2.4.7.1.           Market Size & Forecast

6.2.4.7.1.1.               By Value

6.2.4.7.2.           Market Share & Forecast

6.2.4.7.2.1.               By Product Type Market Share Analysis

6.2.4.7.2.2.               By Price Range Market Share Analysis

6.2.4.7.2.3.               By Distribution Channel Market Share Analysis

6.2.4.8.        Australia Vegan Cosmetics Market Outlook

6.2.4.8.1.           Market Size & Forecast

6.2.4.8.1.1.               By Value

6.2.4.8.2.           Market Share & Forecast

6.2.4.8.2.1.               By Product Type Market Share Analysis

6.2.4.8.2.2.               By Price Range Market Share Analysis

6.2.4.8.2.3.               By Distribution Channel Market Share Analysis

7.    North America Vegan Cosmetics Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product Type Market Share Analysis

7.2.2.    By Price Range Market Share Analysis

7.2.3.    By Distribution Channel Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        United States Vegan Cosmetics Market Outlook

7.2.4.1.1.           Market Size & Forecast

7.2.4.1.1.1.               By Value

7.2.4.1.2.           Market Share & Forecast

7.2.4.1.2.1.               By Product Type Market Share Analysis

7.2.4.1.2.2.               By Price Range Market Share Analysis

7.2.4.1.2.3.               By Distribution Channel Market Share Analysis

7.2.4.2.        Canada Vegan Cosmetics Market Outlook

7.2.4.2.1.           Market Size & Forecast

7.2.4.2.1.1.               By Value

7.2.4.2.2.           Market Share & Forecast

7.2.4.2.2.1.               By Product Type Market Share Analysis

7.2.4.2.2.2.               By Price Range Market Share Analysis

7.2.4.2.2.3.               By Distribution Channel Market Share Analysis

7.2.4.3.        Mexico Vegan Cosmetics Market Outlook

7.2.4.3.1.           Market Size & Forecast

7.2.4.3.1.1.               By Value

7.2.4.3.2.           Market Share & Forecast

7.2.4.3.2.1.               By Product Type Market Share Analysis

7.2.4.3.2.2.               By Price Range Market Share Analysis

7.2.4.3.2.3.               By Distribution Channel Market Share Analysis

8.     Europe Vegan Cosmetics Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product Type Market Share Analysis

8.2.2.    By Price Range Market Share Analysis

8.2.3.    By Distribution Channel Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        Germany Vegan Cosmetics Market Outlook

8.2.4.1.1.           Market Size & Forecast

8.2.4.1.1.1.               By Value

8.2.4.1.2.           Market Share & Forecast

8.2.4.1.2.1.               By Product Type Market Share Analysis

8.2.4.1.2.2.               By Price Range Market Share Analysis

8.2.4.1.2.3.               By Distribution Channel Market Share Analysis

8.2.4.2.        Italy Vegan Cosmetics Market Outlook

8.2.4.2.1.           Market Size & Forecast

8.2.4.2.1.1.               By Value

8.2.4.2.2.           Market Share & Forecast

8.2.4.2.2.1.               By Product Type Market Share Analysis

8.2.4.2.2.2.               By Price Range Market Share Analysis

8.2.4.2.2.3.               By Distribution Channel Market Share Analysis

8.2.4.3.        France Vegan Cosmetics Market Outlook

8.2.4.3.1.           Market Size & Forecast

8.2.4.3.1.1.               By Value

8.2.4.3.2.           Market Share & Forecast

8.2.4.3.2.1.               By Product Type Market Share Analysis

8.2.4.3.2.2.               By Price Range Market Share Analysis

8.2.4.3.2.3.               By Distribution Channel Market Share Analysis

8.2.4.4.        Spain Vegan Cosmetics Market Outlook

8.2.4.4.1.           Market Size & Forecast

8.2.4.4.1.1.               By Value

8.2.4.4.2.           Market Share & Forecast

8.2.4.4.2.1.               By Product Type Market Share Analysis

8.2.4.4.2.2.               By Price Range Market Share Analysis

8.2.4.4.2.3.               By Distribution Channel Market Share Analysis

8.2.4.5.        United Kingdom Vegan Cosmetics Market Outlook

8.2.4.5.1.           Market Size & Forecast

8.2.4.5.1.1.               By Value

8.2.4.5.2.           Market Share & Forecast

8.2.4.5.2.1.               By Product Type Market Share Analysis

8.2.4.5.2.2.               By Price Range Market Share Analysis

8.2.4.5.2.3.               By Distribution Channel Market Share Analysis

8.2.4.6.        Netherlands Vegan Cosmetics Market Outlook

8.2.4.6.1.           Market Size & Forecast

8.2.4.6.1.1.               By Value

8.2.4.6.2.           Market Share & Forecast

8.2.4.6.2.1.               By Product Type Market Share Analysis

8.2.4.6.2.2.               By Price Range Market Share Analysis

8.2.4.6.2.3.               By Distribution Channel Market Share Analysis

8.2.4.7.        Poland Vegan Cosmetics Market Outlook

8.2.4.7.1.           Market Size & Forecast

8.2.4.7.1.1.               By Value

8.2.4.7.2.           Market Share & Forecast

8.2.4.7.2.1.               By Product Type Market Share Analysis

8.2.4.7.2.2.               By Price Range Market Share Analysis

8.2.4.7.2.3.               By Distribution Channel Market Share Analysis

9.    Middle East & Africa Vegan Cosmetics Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product Type Market Share Analysis

9.2.2.    By Distribution Channel Market Share Analysis

9.2.3.    By Country Market Share Analysis

9.2.3.1.        Saudi Arabia Vegan Cosmetics Market Outlook

9.2.3.1.1.           Market Size & Forecast

9.2.3.1.1.1.               By Value

9.2.3.1.2.           Market Share & Forecast

9.2.3.1.2.1.               By Product Type Market Share Analysis

9.2.3.1.2.2.               By Price Range Market Share Analysis

9.2.3.1.2.3.               By Distribution Channel Market Share Analysis

9.2.3.2.        Egypt Vegan Cosmetics Market Outlook

9.2.3.2.1.           Market Size & Forecast

9.2.3.2.1.1.               By Value

9.2.3.2.2.           Market Share & Forecast

9.2.3.2.2.1.               By Product Type Market Share Analysis

9.2.3.2.2.2.               By Price Range Market Share Analysis

9.2.3.2.2.3.               By Distribution Channel Market Share Analysis

9.2.3.3.        UAE Vegan Cosmetics Market Outlook

9.2.3.3.1.           Market Size & Forecast

9.2.3.3.1.1.               By Value

9.2.3.3.2.           Market Share & Forecast

9.2.3.3.2.1.               By Product Type Market Share Analysis

9.2.3.3.2.2.               By Price Range Market Share Analysis

9.2.3.3.2.3.               By Distribution Channel Market Share Analysis

9.2.3.4.        Turkey Vegan Cosmetics Market Outlook

9.2.3.4.1.           Market Size & Forecast

9.2.3.4.1.1.               By Value

9.2.3.4.2.           Market Share & Forecast

9.2.3.4.2.1.               By Product Type Market Share Analysis

9.2.3.4.2.2.               By Price Range Market Share Analysis

9.2.3.4.2.3.               By Distribution Channel Market Share Analysis

9.2.3.5.        South Africa Vegan Cosmetics Market Outlook

9.2.3.5.1.           Market Size & Forecast

9.2.3.5.1.1.               By Value

9.2.3.5.2.           Market Share & Forecast

9.2.3.5.2.1.               By Product Type Market Share Analysis

9.2.3.5.2.2.               By Price Range Market Share Analysis

9.2.3.5.2.3.               By Distribution Channel Market Share Analysis

10.  South America Vegan Cosmetics Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Product Type Market Share Analysis

10.2.2. By Price Range Market Share Analysis

10.2.3. By Distribution Channel Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     Brazil Vegan Cosmetics Market Outlook

10.2.4.1.1.         Market Size & Forecast

10.2.4.1.1.1.            By Value

10.2.4.1.2.         Market Share & Forecast

10.2.4.1.2.1.            By Product Type Market Share Analysis

10.2.4.1.2.2.            By Price Range Market Share Analysis

10.2.4.1.2.3.            By Distribution Channel Market Share Analysis

10.2.4.2.     Argentina Vegan Cosmetics Market Outlook

10.2.4.2.1.         Market Size & Forecast

10.2.4.2.1.1.            By Value

10.2.4.2.2.         Market Share & Forecast

10.2.4.2.2.1.            By Product Type Market Share Analysis

10.2.4.2.2.2.            By Price Range Market Share Analysis

10.2.4.2.2.3.            By Distribution Channel Market Share Analysis

10.2.4.3.     Colombia Vegan Cosmetics Market Outlook

10.2.4.3.1.         Market Size & Forecast

10.2.4.3.1.1.            By Value

10.2.4.3.2.         Market Share & Forecast

10.2.4.3.2.1.            By Product Type Market Share Analysis

10.2.4.3.2.2.            By Price Range Market Share Analysis

10.2.4.3.2.3.            By Distribution Channel Market Share Analysis

11. Market Dynamics

11.1.             Drivers

11.1.1. Increase in Popularity of Safer and Natural Cosmetics

11.1.2. Rising Awareness of Millennials Regarding Animal Cruelty Free Products

11.1.3. Celebrities launching their Vegan Product Line

11.2.             Challenges

11.2.1. Low Awareness of Vegan Products

11.2.2. Less shelf life of vegan cosmetic product

12. Impact of COVID-19 on Global Vegan Cosmetics Market

12.1.             Impact Assessment Model   

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

12.1.4. Key Distribution Channel Impacted

13. Market Trends & Developments

13.1.1. Use of eco-friendly Raw Material

13.1.2. Growth of e-commerce sector in vegan cosmetic products Market

13.1.3. Rising Trend of Men using Vegan Skin Care Products

13.1.4. Climatic Conditions Influencing the Skin Care Products Demand

13.1.5. Increasing Demand for Vegan Cosmetics by professionals and Youth

14. Import & Export Analysis (Cosmetic)

14.1.             Top 5 Exporting Countries

14.1.1. By Value

14.2.             Top 5 Importing Countries

14.2.1. By Value

15. Porter’s Five Forces Model

15.1.             Competitive Rivalry

15.2.             Bargaining Power of Buyer

15.3.             Bargaining Power of Supplier

15.4.             Threat of New Entrants

15.5.             Threat of Substitutes

16. SWOT Analysis

16.1.             Strengths

16.2.             Weaknesses

16.3.             Opportunities

16.4.             Threats

17. Competitive Landscape

17.1.             Competition Outlook

17.2.             Company Profiles

17.2.1. L'Oréal AS

17.2.1.1.     Company Details

17.2.1.2.     Products & Services

17.2.1.3.     Financial (As reported)

17.2.1.4.     Key Market Focus & Geographical Presence

17.2.1.5.     Recent Developments

17.2.1.6.     Key Management Personnel

17.2.2. Urban Decay Cosmetics LLC

17.2.2.1.     Company Details

17.2.2.2.     Products & Services

17.2.2.3.     Financial (As reported)

17.2.2.4.     Key Market Focus & Geographical Presence

17.2.2.5.     Recent Developments

17.2.2.6.     Key Management Personnel

17.2.3.  Pacifica Beauty, LLC

17.2.3.1.     Company Details

17.2.3.2.     Products & Services

17.2.3.3.     Financial (As reported)

17.2.3.4.     Key Market Focus & Geographical Presence

17.2.3.5.     Recent Developments

17.2.3.6.     Key Management Personnel

17.2.4. Lotus Light Enterprises, Inc. (Beauty Without Cruelty)

17.2.4.1.     Company Details

17.2.4.2.     Products & Services

17.2.4.3.     Financial (As reported)

17.2.4.4.     Key Market Focus & Geographical Presence

17.2.4.5.     Recent Developments

17.2.4.6.     Key Management Personnel

17.2.5. Gabriel Cosmetics, Inc.

17.2.5.1.     Company Details

17.2.5.2.     Products & Services

17.2.5.3.     Financial (As reported)

17.2.5.4.     Key Market Focus & Geographical Presence

17.2.5.5.     Recent Developments

17.2.5.6.     Key Management Personnel

17.2.6. G & M Cosmetics PTY. Limited

17.2.6.1.     Company Details

17.2.6.2.     Products & Services

17.2.6.3.     Financial (As reported)

17.2.6.4.     Key Market Focus & Geographical Presence

17.2.6.5.     Recent Developments

17.2.6.6.     Key Management Personnel

17.2.7. PHB Ethical Beauty Ltd

17.2.7.1.     Company Details

17.2.7.2.     Products & Services

17.2.7.3.     Financial (As reported)

17.2.7.4.     Key Market Focus & Geographical Presence

17.2.7.5.     Recent Developments

17.2.7.6.     Key Management Personnel

17.2.8. Nutriglow Cosmetics Private Limited

17.2.8.1.     Company Details

17.2.8.2.     Products & Services

17.2.8.3.     Financial (As reported)

17.2.8.4.     Key Market Focus & Geographical Presence

17.2.8.5.     Recent Developments

17.2.8.6.     Key Management Personnel

17.2.9.  Natura & Co

17.2.9.1.     Company Details

17.2.9.2.     Products & Services

17.2.9.3.     Financial (As reported)

17.2.9.4.     Key Market Focus & Geographical Presence

17.2.9.5.     Recent Developments

17.2.9.6.     Key Management Personnel

17.2.10.              Coty Inc.

17.2.10.1.  Company Details

17.2.10.2.  Products & Services

17.2.10.3.  Financial (As reported)

17.2.10.4.  Key Market Focus & Geographical Presence

17.2.10.5.  Recent Developments

17.2.10.6.  Key Management Personnel

18. Strategic Recommendations/Action Plan

18.1.             Key Focus Areas

18.2.             Target Regions

18.3.             Target Countries

18.4.             Target Product Type

18.5.             Target Price Range

19. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The skin care segment is expected to lead the market during the forecast period based on the product type, as people are being influenced by changing climate conditions to use skin care items including lotions, moisturizers, and sunscreen creams.

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Millennial women (aged 18 to 34) are the heaviest buyers of vegan cosmetics products because of the rising awareness of animal cruelty-free products and also reduced risk of developing skin issues including rashes, allergies, eczemas, acne, skin inflammation, and other skin illnesses while protecting from hazardous chemicals and cruel cosmetics.

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L'Oréal AS, Urban Decay Cosmetics LLCPacifica Beauty, LLCn, Lotus Light Enterprises (Beauty Without Cruelty), Gabriel Cosmetics, Inc., G & M COSMETICS PTY. LIMITED PHB Ethical Beauty Ltd, Nutriglow Cosmetics Private Limited, Natura & Co, Coty Inc. are some of the key market players.

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In 2021, Europe hold the largest market share in vegan cosmetics. Demand for vegan cosmetics is anticipated to increase as a result of consumer trends toward veganism, particularly in countries like the UK, France, and Germany.

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

Skin Care Segment in Vegan Cosmetics is Dominating the Market During the Forecast

Nov, 2022

Increasing popularity of safe & naturally derived cosmetics along with the changing preference of millennials are the leading factors driving the global vegan cosmetics market during the forecast per

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