Market Overview

The Global Vegan Cosmetics Market was valued at USD 17,249.5 million in 2023 and is expected to reach USD 28,763.0 million by 2031 while growing at a CAGR of 6.6% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global vegan cosmetics market growth. Vegan cosmetics, produced without animal-derived ingredients or by-products, are cruelty-free, ensuring no animal testing at any production stage. These products adhere to ethical and environmental principles, seeking to prevent animal exploitation in the cosmetics industry.

The increasing adoption of a vegan lifestyle and growing awareness of animal cruelty in the cosmetics industry propel the growth of the vegan cosmetics market. Despite this, perceived higher costs and limited product availability may impede further market expansion.

Furthermore, the global vegan cosmetics industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Type Analysis

The Global Vegan Cosmetics Market is segmented among Facial Cosmetics, Eye Cosmetic Products, Lip and Nail Make-up Products, Hairstyling and Coloring Products, and Other Product Types, based on product type. In 2023, Facial Cosmetics accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Distribution Channel Analysis

The Global Vegan Cosmetics Market is segmented among Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retailing, and Other Distribution Channels, based on Distribution Channel. In 2023, Specialty Stores accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Vegan Cosmetics Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are MuLondon, Loreal SA, Beauty Without Cruelty, Levlad Inc (Nature's Gat)6.3.5 MO MI BEAUTY, e.l.f. Beauty, Inc., Cottage Holdco B.V. (COTY Company), Gabriel Cosmetics Inc., Groupe Rocher, and Pacifica Beauty.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Vegan Cosmetics Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Vegan Cosmetics Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Vegan Cosmetics Market Segmentation, By Product Type

• Global Vegan Cosmetics Market Share Analysis, By Product Type

• Global Vegan Cosmetics Market Growth Analysis, By Product Type

• Global Vegan Cosmetics Market Trends, By Product Type

o Facial Cosmetics

o Eye Cosmetic Products

o Lip and Nail Make-up Products

o Hairstyling and Coloring Products

o Other Product Types

6. Global Vegan Cosmetics Market Segmentation, By Distribution Channel

• Global Vegan Cosmetics Market Share Analysis, By Distribution Channel

• Global Vegan Cosmetics Market Growth Analysis, By Distribution Channel

• Global Vegan Cosmetics Market Trends, By Distribution Channel

o Supermarkets/Hypermarkets

o Convenience Stores

o Specialty Stores

o Online Retailing

o Other Distribution Channels

7. Global Vegan Cosmetics Market Segmentation, By Region

• Global Vegan Cosmetics Market Share Analysis, By Region

• Global Vegan Cosmetics Market Growth Analysis, By Region

• Global Vegan Cosmetics Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• MuLondon.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Loreal SA

• Beauty Without Cruelty

• Levlad Inc (Nature's Gat) 

• MO MI BEAUTY

• e.l.f. Beauty, Inc. 

• Cottage Holdco B.V. (COTY Company)

• Gabriel Cosmetics Inc.

• Groupe Rocher

• Pacifica Beauty  

 *Similar analysis will be provided for each company listed above.