Market Overview:
The global vegan beauty cosmetics market is expected to register a CAGR of 7.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing awareness about veganism and its benefits, rising demand for organic and natural products, and growing inclination of consumers towards cruelty-free products. Based on type, the global vegan beauty cosmetics market is segmented into skin care, hair care, and makeup. The skin care segment is anticipated to account for a major share of the global vegan beauty cosmetics market in 2018. This can be attributed to the increasing demand for anti-aging products among consumers across the globe. The hair care segment is projected to grow at a higher CAGR during the forecast period owing to rising concerns among consumers about using chemical-based hair care products.
Product Definition:
Vegan beauty cosmetics are those that do not contain any animal-derived ingredients. The term "vegan" refers to the exclusion of all animal products, including meat, poultry, fish, eggs, dairy products and honey. Vegan beauty products are important because they allow people who follow a vegan lifestyle to still enjoy using cosmetics without worry that they are harming animals in the process.
Skin Care:
The global skin care market size was valued at USD 90.0 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period on account of rising awareness regarding health, hygiene, and beauty across the globe. The industry has witnessed significant changes over the past few years owing to growing consumer demand for natural products with minimal adverse effects.
Hair Care:
Hair care products are the products that are used to take care of, enhance and repair hair. It includes shampoos, conditioners, hair colors and also styling gels. The vegan beauty cosmetics market is growing rapidly as people are becoming more aware of the effects of animal-derived ingredients on their skin. Also many people have allergies or sensitivity to certain ingredients which can result in skin irritation or inflammation.
Application Insights:
Offline segment dominated the global vegan beauty cosmetics market in 2017. This is attributed to the increasing use of animal-free products by individuals who are opposed to using any kind of animal product for personal care. The growing trend towards natural and organic products has also played a major role in driving demand for vegan beauty cosmetics among consumers globally.
Online segment is expected to expand at the fastest CAGR during the forecast period owing to rising internet penetration, especially in developing regions such as Asia Pacific and Latin America where e-commerce platforms are gaining traction rapidly. Moreover, companies operating online cosmetic stores are ableto offer their customers more variety compared to physical stores due to which they prefer shopping from home rather than going out physically which further propels growth of online segment over other segments during forecast years. Increasing awareness regarding adopting healthy lifestyle practices coupled with growing consumer preference towards natural and organic skincare ingredients have driven demand for vegan beauty cosmetics among consumers globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast years owing to increasing demand for vegan cosmetics from U.S., Canada, and Mexico. Moreover, rising number of companies manufacturing animal-free products will also drive growth over the next eight years.
Asia Pacific is projected to witness significant growth over the forecast period owing to growing awareness regarding benefits of cruelty-free products among consumers from China, Japan, South Korea, Australia, India Philippines etc.
China accounted for a major share within Asia Pacific region due high concentration of cosmetics manufacturers including Shahnaz Husain Cosmetics Pvt Ltd.
Growth Factors:
- Increasing awareness about the benefits of vegan cosmetics among consumers.
- Growing demand for organic and natural products.
- Rising popularity of vegan lifestyle among millennials and Gen Zers.
- Availability of a wide range of vegan beauty products in the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegan Beauty Cosmetics Market Research Report
By Type
Skin Care, Hair Care, Makeup
By Application
Offline, Online
By Companies
Debenhams Plc, e.l.f. Beauty Inc., Estée Lauder Co. Inc., L’Oréal SA, Lush Retail Ltd., Natura &Co, Urban Decay, Ecco Bella
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Vegan Beauty Cosmetics Market Report Segments:
The global Vegan Beauty Cosmetics market is segmented on the basis of:
Types
Skin Care, Hair Care, Makeup
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Offline, Online
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Debenhams Plc
- e.l.f. Beauty Inc.
- Estée Lauder Co. Inc.
- L’Oréal SA
- Lush Retail Ltd.
- Natura &Co
- Urban Decay
- Ecco Bella
Highlights of The Vegan Beauty Cosmetics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Skin Care
- Hair Care
- Makeup
- By Application:
- Offline
- Online
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vegan Beauty Cosmetics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vegan beauty cosmetics are products that are free from animal-derived ingredients. This means that they do not contain any animal-based oils, waxes, or creams.
Some of the major players in the vegan beauty cosmetics market are Debenhams Plc, e.l.f. Beauty Inc., EstƒÂ©e Lauder Co. Inc., L¢â‚¬â„¢OrƒÂ©al SA, Lush Retail Ltd., Natura &Co, Urban Decay, Ecco Bella.
The vegan beauty cosmetics market is expected to grow at a compound annual growth rate of 7.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vegan Beauty Cosmetics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vegan Beauty Cosmetics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vegan Beauty Cosmetics Market - Supply Chain
4.5. Global Vegan Beauty Cosmetics Market Forecast
4.5.1. Vegan Beauty Cosmetics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vegan Beauty Cosmetics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vegan Beauty Cosmetics Market Absolute $ Opportunity
5. Global Vegan Beauty Cosmetics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vegan Beauty Cosmetics Market Size and Volume Forecast by Type
5.3.1. Skin Care
5.3.2. Hair Care
5.3.3. Makeup
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vegan Beauty Cosmetics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vegan Beauty Cosmetics Market Size and Volume Forecast by Application
6.3.1. Offline
6.3.2. Online
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vegan Beauty Cosmetics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vegan Beauty Cosmetics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vegan Beauty Cosmetics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vegan Beauty Cosmetics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vegan Beauty Cosmetics Demand Share Forecast, 2019-2026
9. North America Vegan Beauty Cosmetics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vegan Beauty Cosmetics Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vegan Beauty Cosmetics Market Size and Volume Forecast by Application
9.4.1. Offline
9.4.2. Online
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vegan Beauty Cosmetics Market Size and Volume Forecast by Type
9.7.1. Skin Care
9.7.2. Hair Care
9.7.3. Makeup
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vegan Beauty Cosmetics Demand Share Forecast, 2019-2026
10. Latin America Vegan Beauty Cosmetics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vegan Beauty Cosmetics Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vegan Beauty Cosmetics Market Size and Volume Forecast by Application
10.4.1. Offline
10.4.2. Online
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vegan Beauty Cosmetics Market Size and Volume Forecast by Type
10.7.1. Skin Care
10.7.2. Hair Care
10.7.3. Makeup
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vegan Beauty Cosmetics Demand Share Forecast, 2019-2026
11. Europe Vegan Beauty Cosmetics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vegan Beauty Cosmetics Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vegan Beauty Cosmetics Market Size and Volume Forecast by Application
11.4.1. Offline
11.4.2. Online
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vegan Beauty Cosmetics Market Size and Volume Forecast by Type
11.7.1. Skin Care
11.7.2. Hair Care
11.7.3. Makeup
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vegan Beauty Cosmetics Demand Share, 2019-2026
12. Asia Pacific Vegan Beauty Cosmetics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vegan Beauty Cosmetics Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vegan Beauty Cosmetics Market Size and Volume Forecast by Application
12.4.1. Offline
12.4.2. Online
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vegan Beauty Cosmetics Market Size and Volume Forecast by Type
12.7.1. Skin Care
12.7.2. Hair Care
12.7.3. Makeup
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vegan Beauty Cosmetics Demand Share, 2019-2026
13. Middle East & Africa Vegan Beauty Cosmetics Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vegan Beauty Cosmetics Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vegan Beauty Cosmetics Market Size and Volume Forecast by Application
13.4.1. Offline
13.4.2. Online
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vegan Beauty Cosmetics Market Size and Volume Forecast by Type
13.7.1. Skin Care
13.7.2. Hair Care
13.7.3. Makeup
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vegan Beauty Cosmetics Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vegan Beauty Cosmetics Market: Market Share Analysis
14.2. Vegan Beauty Cosmetics Distributors and Customers
14.3. Vegan Beauty Cosmetics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Debenhams Plc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. e.l.f. Beauty Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Estée Lauder Co. Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. LOréal SA
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lush Retail Ltd.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Natura &Co
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Urban Decay
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ecco Bella
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
