Market Overview:
The global vegan beauty products 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 cosmetics. Based on type, the global vegan beauty products market has been segmented into hair care, skin care, make-up, fragrance, bath care and others. Among these segments, skin care held the dominant share in 2017 and is projected to maintain its lead throughout the forecast period. This can be attributed to increasing concerns among consumers about their appearance and health; as well as growing demand for anti-aging skincare products. Make-up was another key segment in 2017 with significant revenue contribution owing to high demand for lipsticks & glosses (especially among women), nail paints & removers (among kids) etc., which are available in vegan form nowadays. Regionally speaking North America led the global vegan beauty products market with a lion’s share in 2017 followed by Europe due to early adoption of such trends by developed countries coupled with rising consumer awareness about animal rights issues here too.
Product Definition:
Vegan beauty products are those that do not contain any animal-derived ingredients. The importance of vegan beauty products lies in the fact that many cosmetics and skincare products are tested on animals, so using vegan alternatives helps to avoid supporting this cruel practice.
Hair Care:
Hair care products include the active ingredients as well as other components that are used to maintain, repair and restore the health of hair. These products can be used on all types of hair even if it's color-treated or damaged. The vegan beauty product market is expected to witness significant growth over the forecast period owing to rising awareness among consumers regarding animal cruelty and their impact on environment.
Skin Care:
Skin care is the first line of defense against harmful environmental factors such as UV rays, pollution, and other toxins. The skin plays a very important role in protecting the entire body from infections and diseases. It also helps in cooling down the body temperature by sweating or releasing heat when it's too hot. Therefore, taking good care of skin is necessary to ensure healthy living.
Application Insights:
The women application segment accounted for the largest market share in 2017. The rising number of vegans and increasing awareness about the use of natural ingredients are some of the key factors driving this segment. Moreover, a rise in single-parent families has also increased female headship globally which is further expected to drive demand for beauty products in this category over the forecast period.
The kid application segment is expected to witness significant growth over the forecast period owing to rising vegan population especially among millennials who have raised their kids vegan from a very early age and encouraging them with natural skincare and haircare products made from all-natural ingredients. This trend has been followed by many parents as they believe that synthetic chemicals are not safe for children's health even though there isn't enough evidence regarding its harmful effects on human health as compared to other alternatives such as essential oils, fruits extracts, plant proteins etc.
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 on account of rising concerns about animal cruelty in these countries. Asia Pacific is projected to be the fastest-growing regional market over the forecast period due to growing awareness regarding benefits of vegan products among consumers, along with increasing purchasing power and changing lifestyles of individuals in developing economies including China, India, Thailand, Singapore & South Korea.
The European market also held a significant share in terms of revenue.
Growth Factors:
- Increasing awareness about the benefits of veganism for both personal health and the environment is driving demand for vegan beauty products.
- There is a growing trend among consumers to seek out natural and organic beauty products, and vegan products fit that bill perfectly.
- The rise in popularity of social media platforms like Instagram has helped to fuel the growth of the vegan beauty industry, as it provides a forum for users to share their favorite cruelty-free brands and products with each other.
- A number of high-profile celebrities have embraced a vegan lifestyle, which has helped to bring attention to this growing segment of the cosmetics market.
- The increasing availability of affordable vegan beauty products makes them more accessible than ever before, making them an attractive option for budget-conscious consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegan Beauty Products Market Research Report
By Type
Hair Care, Skin Care, Make-up, Fragrance, Bath Care, Others
By Application
Women, Men, Kids
By Companies
L'Oreal, P&G, Unilever, Estee Lauder, Grupo Boticario, Beiersdorf, Cosmax Inc, Johnson & Johnson, Coty, Natura, Groupe Rocher, Shiseido, KAO, Avon, Amore Pacific, Revlon, Pacifica Beauty, Ecco Bella, ELF Cosmetics, Huda Beauty, Gemdo Cosmetics, Gabriel Cosmetics, MuLondon Organic, Beauty Without Cruelty, Billy Jealousy, Cover FX, Inika, PHB Ethical Beauty
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Vegan Beauty Products Market Report Segments:
The global Vegan Beauty Products market is segmented on the basis of:
Types
Hair Care, Skin Care, Make-up, Fragrance, Bath Care, Others
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
Women, Men, Kids
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:
- L'Oreal
- P&G
- Unilever
- Estee Lauder
- Grupo Boticario
- Beiersdorf
- Cosmax Inc
- Johnson & Johnson
- Coty
- Natura
- Groupe Rocher
- Shiseido
- KAO
- Avon
- Amore Pacific
- Revlon
- Pacifica Beauty
- Ecco Bella
- ELF Cosmetics
- Huda Beauty
- Gemdo Cosmetics
- Gabriel Cosmetics
- MuLondon Organic
- Beauty Without Cruelty
- Billy Jealousy
- Cover FX
- Inika
- PHB Ethical Beauty
Highlights of The Vegan Beauty Products 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:
- Hair Care
- Skin Care
- Make-up
- Fragrance
- Bath Care
- Others
- By Application:
- Women
- Men
- Kids
- 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 Products 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 products are made without any animal-based ingredients. This includes both personal care items like soap and shampoo, as well as makeup and other cosmetics.
Some of the major companies in the vegan beauty products market are L'Oreal, P&G, Unilever, Estee Lauder, Grupo Boticario, Beiersdorf, Cosmax Inc, Johnson & Johnson, Coty, Natura, Groupe Rocher, Shiseido, KAO, Avon, Amore Pacific, Revlon, Pacifica Beauty, Ecco Bella, ELF Cosmetics, Huda Beauty, Gemdo Cosmetics, Gabriel Cosmetics, MuLondon Organic, Beauty Without Cruelty, Billy Jealousy, Cover FX, Inika, PHB Ethical Beauty.
The vegan beauty products market is expected to register a CAGR of 7.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vegan Beauty Products 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 Products 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 Products Market - Supply Chain
4.5. Global Vegan Beauty Products Market Forecast
4.5.1. Vegan Beauty Products Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vegan Beauty Products Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vegan Beauty Products Market Absolute $ Opportunity
5. Global Vegan Beauty Products 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 Products Market Size and Volume Forecast by Type
5.3.1. Hair Care
5.3.2. Skin Care
5.3.3. Make-up
5.3.4. Fragrance
5.3.5. Bath Care
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vegan Beauty Products 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 Products Market Size and Volume Forecast by Application
6.3.1. Women
6.3.2. Men
6.3.3. Kids
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vegan Beauty Products 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 Products 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 Products 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 Products 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 Products Demand Share Forecast, 2019-2026
9. North America Vegan Beauty Products 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 Products 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 Products Market Size and Volume Forecast by Application
9.4.1. Women
9.4.2. Men
9.4.3. Kids
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vegan Beauty Products Market Size and Volume Forecast by Type
9.7.1. Hair Care
9.7.2. Skin Care
9.7.3. Make-up
9.7.4. Fragrance
9.7.5. Bath Care
9.7.6. Others
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 Products Demand Share Forecast, 2019-2026
10. Latin America Vegan Beauty Products 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 Products 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 Products Market Size and Volume Forecast by Application
10.4.1. Women
10.4.2. Men
10.4.3. Kids
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vegan Beauty Products Market Size and Volume Forecast by Type
10.7.1. Hair Care
10.7.2. Skin Care
10.7.3. Make-up
10.7.4. Fragrance
10.7.5. Bath Care
10.7.6. Others
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 Products Demand Share Forecast, 2019-2026
11. Europe Vegan Beauty Products 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 Products 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 Products Market Size and Volume Forecast by Application
11.4.1. Women
11.4.2. Men
11.4.3. Kids
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vegan Beauty Products Market Size and Volume Forecast by Type
11.7.1. Hair Care
11.7.2. Skin Care
11.7.3. Make-up
11.7.4. Fragrance
11.7.5. Bath Care
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/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 Products Demand Share, 2019-2026
12. Asia Pacific Vegan Beauty Products 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 Products 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 Products Market Size and Volume Forecast by Application
12.4.1. Women
12.4.2. Men
12.4.3. Kids
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vegan Beauty Products Market Size and Volume Forecast by Type
12.7.1. Hair Care
12.7.2. Skin Care
12.7.3. Make-up
12.7.4. Fragrance
12.7.5. Bath Care
12.7.6. Others
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 Products Demand Share, 2019-2026
13. Middle East & Africa Vegan Beauty Products 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 Products 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 Products Market Size and Volume Forecast by Application
13.4.1. Women
13.4.2. Men
13.4.3. Kids
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 Products Market Size and Volume Forecast by Type
13.7.1. Hair Care
13.7.2. Skin Care
13.7.3. Make-up
13.7.4. Fragrance
13.7.5. Bath Care
13.7.6. Others
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 Products Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vegan Beauty Products Market: Market Share Analysis
14.2. Vegan Beauty Products Distributors and Customers
14.3. Vegan Beauty Products Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. L'Oreal
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. P&G
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Unilever
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Estee Lauder
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Grupo Boticario
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Beiersdorf
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Cosmax Inc
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Johnson & Johnson
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Coty
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Natura
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Groupe Rocher
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shiseido
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. KAO
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Avon
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Amore Pacific
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Revlon
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Pacifica Beauty
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Ecco Bella
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. ELF Cosmetics
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Huda Beauty
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
