Global Vegan Cosmetics Market

Vegan Cosmetics Market Is Forecasted To Reach 25.61 Billion By 2028 At A CAGR Of 8.3%

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033



The vegan cosmetics market has witnessed remarkable growth, driven by factors such as increased awareness of animal cruelty, rising health and environmental concerns, and the expansion of veganism as a lifestyle choice. This blog explores the market’s growth, key trends, and the impact of sustainability on consumer preferences.



Current Market Scenario

  • The market is expected to grow from $17.24 billion in 2023 to $18.61 billion in 2024, with a CAGR of 8.0%.
  • Growth in the historic period was fueled by factors like growing consumer awareness and demand for natural and organic beauty products.
  • Vegan cosmetics are cruelty-free and often made with natural ingredients, appealing to consumers seeking ethical and sustainable options.



Future Growth Outlook

  • Expected to reach $25.61 billion by 2028, with a CAGR of 8.3%.
  • Factors such as rising consumer preference for sustainable products and increased regulatory support are driving market growth.
  • The market is witnessing innovations in product formulations, certifications, and packaging to meet consumer demands.



Read The Full Vegan Cosmetics Market Report Here:



Sustainability Drive

  • Rising demand for sustainable products is propelling market growth.
  • Vegan cosmetics are considered sustainable as they are often made with natural and organic ingredients, free from harmful chemicals.
  • Eco-friendly beauty care product revenue on Amazon increased by 325% in the last ninety days, indicating a growing demand for sustainable beauty products.



Key Players

  • MuLondon Organic Skincare
  • L’Oreal SA
  • Beauty Without Cruelty
  • Nature’s Gate
  • e.l.f. Cosmetics Inc.



Product Innovations

  • Product innovation is a key trend in the vegan cosmetics market.
  • Companies are focusing on developing new and innovative vegan products to strengthen their market position.
  • LG Household & Health Care launched Freshian, a vegan-certified color cosmetic brand, to attract millennial and Gen Z beauty clients.



Strategic Acquisitions

  • Revolution Beauty Group acquired BH Cosmetics in February 2022 to expand its vegan cosmetic brand domestically and globally.
  • BH Cosmetics is a vegan brand that provides cruelty-free natural makeup products.



Market Segmentation

  1. Product:
    • Skin Care
    • Hair Care
    • Color Cosmetics
    • Other Products
  2. Nature:
    • Organic
    • Conventional
  3. Customer Orientation:
    • Women
    • Men
    • Unisex
    • Kids
  4. Distribution Channel:
    • Hypermarkets and Supermarkets
    • Specialty Stores
    • E-commerce
    • Other Distribution Channels



Regional Insights

  • Europe was the largest region in the vegan cosmetics market in 2023, driven by a growing demand for sustainable and ethical beauty products.


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The Vegan Cosmetics Global Market Report 2024 provides an overviewof the vegan cosmetics market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The vegan cosmetics market forecast analyzesvegan cosmeticsmarket size, vegan cosmetics market share,leading competitor and their market positions.



The Table Of Content For The Vegan Cosmetics Market Include:
1. Vegan Cosmetics Market Executive Summary
2. Vegan Cosmetics Market Segments
3. Vegan Cosmetics Market Size AndVegan Cosmetics Market Growth Rate
4. Key Vegan Cosmetics Market Trends
5. Major Vegan Cosmetics Market Drivers
25. Key Mergers And Acquisitions In The Vegan Cosmetics Market
26. Top Vegan Cosmetics Companies
27. Vegan Cosmetics Market Opportunities And Strategies
28. Vegan Cosmetics Market, Conclusions And Recommendations
29. Appendix



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