Vegan Cosmetics Market Statistics: Regional Trends and Market Share...

Vegan Cosmetics Market Statistics: Regional Trends and Market Share Breakdown

Posted 2025-03-11 09:59:41

Vegan Cosmetics Market: Growth Trends and Projections

The global Vegan Cosmetics Market has been experiencing notable growth, driven by increasing consumer awareness of ethical and sustainable beauty products. According to Maximize Market Research, the market was valued at USD 20.18 billion in 2023 and is projected to reach approximately USD 30.77 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.21% during the forecast period.

Market Drivers

Several factors contribute to the growth of the vegan cosmetics market:

Rising Ethical Consumerism: Consumers are increasingly seeking products that align with their ethical values, leading to a higher demand for cruelty-free and vegan cosmetics.
Environmental Concerns: Awareness of the environmental impact of animal-derived ingredients has prompted a shift towards plant-based alternatives in beauty products.
Health Awareness: Perceptions of vegan cosmetics being healthier due to the absence of animal by-products have attracted health-conscious consumers.

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Regional Insights

Europe:

Europe has been a significant market for vegan cosmetics, with countries like the UK and Germany leading in product launches. In the UK, 20% of new cosmetic products developed in the last five years were vegan, followed closely by Germany at 19%.

Asia-Pacific:

The Asia-Pacific region is witnessing a rise in vegan beauty product launches, accounting for almost 20% of new vegan cosmetic products in the past five years.

Product Categories

Decorative cosmetics have been the top adopters of vegan formulations, comprising 44.7% of vegan product launches. This is followed by skin care products at 29.3% and hair care products at 12.9%.

Vegan Cosmetics Market Segmentation Analysis:

by Product

Skin Care
Hair Care
Makeup
Others

by Price Point

Premium
Economic

by End User

Men
Women
Children

by Distribution Channel

E-commerce
Hypermarket/Supermarket
Specialty Stores
Others

The distribution channels were dominated by speciality stores, which contributed a significant amount of over 35.7%. Offering a wide range of products, including vegan cosmetics, is a top priority for these stores, giving consumers plenty of options from different companies. By offering discounts and coupons as incentives for purchases, they encourage foot traffic.

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Vegan Cosmetics Market Competitive Landscape

North America
1. Zuzu Luxe (United States)
2. Ecco Bella (United States)
3. Bare Blossom (United States)
4. Emma Jean Cosmetics (United States)
5. Urban Decay (United States)
6. Arbonne (Irvine, California, United States)
7. Pacifica (United States)
8. Nature's Gate (United States)
9. Beauty Without Cruelty (BWC) (United States)
10. Billy Jealousy (United States)
11. Estee Lauder (New York, United States)
12. Johnson & Johnson (New Jersey, United States)
13. Coty (New York, United States)
14. P&G (Procter & Gamble) (Cincinnati, Ohio, United States)
15. Gabriel Cosmetics (United States)
Europe
16. Beiersdorf (Hamburg, Germany)
17. L’Oréal SA (Paris, France)
18. Groupe Rocher (France)
19. MuLondon (United Kingdom)
Asia Pacific
20. Cosmax Inc (South Korea)
21. Inika Organic
22. Ere Perez
23. Others
South America and MEA
24. Natura (São Paulo, Brazil)
25. Grupo Boticario (Brazil)
26. Others