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The market is projected to grow from USD 18.8 billion in 2025 to USD 37.2 billion by 2035, reflecting a CAGR of 6.9% during the forecast period.
Metric | Value |
---|---|
Industry Size (2025E) | USD 18.8 billion |
Industry Value (2035F) | USD 37.2 billion |
CAGR (2025 to 2035) | 6.9% |
Vegan Cosmetics Market - Country-Wise Per Capita Spending
Country | United States |
---|---|
Population (millions) | 345.4 |
Estimated Per Capita Spending (USD) | 35.60 |
Country | United Kingdom |
---|---|
Population (millions) | 68.3 |
Estimated Per Capita Spending (USD) | 27.40 |
Country | Germany |
---|---|
Population (millions) | 83.2 |
Estimated Per Capita Spending (USD) | 32.50 |
Country | France |
---|---|
Population (millions) | 65.6 |
Estimated Per Capita Spending (USD) | 30.80 |
Country | Japan |
---|---|
Population (millions) | 123.9 |
Estimated Per Capita Spending (USD) | 28.90 |
Country | Australia |
---|---|
Population (millions) | 26.4 |
Estimated Per Capita Spending (USD) | 33.20 |
Vegan Cosmetics Market - Country-Wise Outlook
Country | CAGR (2025 to 2035) |
---|---|
United States | 7.8% |
Country | CAGR (2025 to 2035) |
---|---|
United Kingdom | 7.2% |
Country | CAGR (2025 to 2035) |
---|---|
Germany | 6.9% |
Country | CAGR (2025 to 2035) |
---|---|
India | 8.3% |
Country | CAGR (2025 to 2035) |
---|---|
China | 8.7% |
Competition Outlook: Vegan Cosmetics Market
Company Name | Estimated Market Share (%), 2024 |
---|---|
Lush | 16-20% |
Cover FX | 10-14% |
Pacifica | 8-12% |
E.L.F. Cosmetics | 6-10% |
Other Companies (combined) | 45-55% |
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Vegan beauty products market is expected to reach a powerful growth of USD 15.45 Billion by 2020, driven by a projected CAGR of 5.52%
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The Vegan Cosmetics Market report segments the industry into By Product Type (Facial Cosmetics, Eye Cosmetic Products, Lip and Nail Make-up Products, Hairstyling and Coloring Products, Other Product Types), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retailing, Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, and more).
This statistic shows the projected market value of vegan cosmetics worldwide from 2018 to 2025. The global vegan cosmetics market is projected to grow 6.3 percent a year to reach to 20.8 billion U.S. dollars by 2025.
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Global Vegan Cosmetics Market market size valued at US$ 18.70 Billion in 2023, set to reach US$ 33.52 Billion by 2032 at a CAGR of 6.7% from 2024 to 2032.
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Global Vegan Cosmetics market size is expected to reach $27.77 billion by 2029 at 9.1%, the rising popularity of veganism fuels growth in the vegan cosmetics market
Vegan Cosmetics Market Size 2024-2028
The vegan cosmetics market size is estimated to increase by USD 6.52 billion and grow at a CAGR of 6.78% between 2023 and 2028. The market is experiencing significant growth, driven by increasing consumer preference for cruelty-free and ethically produced beauty products. This trend is reflected in the strategic acquisitions and investments made by major players in the industry. However, the market also faces challenges, including the potential negative impact on humans and animals from the use of certain synthetic ingredients commonly found in vegan cosmetics. As consumers become more conscious of the ingredients in their beauty products, companies are under pressure to ensure transparency and haircare safety. Instead, they opt for plant-based alternatives such as organic oils and extracts, which offer benefits like vitamins, minerals, and antioxidants for healthier skin and body care. The market is expected to continue growing as more consumers make the switch to vegan cosmetics, driven by ethical and environmental concerns.
What will be the Size of the Market During the Forecast Period?
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Market Segmentation
By Distribution Channel
The vegan cosmetics market share growth by the offline segment will be significant during the forecast period. The offline distribution channel segment comprises speciality stores, hypermarkets, supermarkets, convenience stores, clubhouse stores, and others (department stores, salons and spas, and drugstores).
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The offline segment showed a gradual increase in the market share of USD 10.64 billion in 2018 and continued to grow until 2022. Offline shopping formats are highly capable of building trust in the consumers regarding the product by offering product demonstrations. A delay in receiving the shipment by a consumer is a major setback for online companies. For most fast-moving consumer goods (FMCG) and cosmetics, consumers prefer offline shopping formats. Major retailers are setting up new stores in the local and regional markets. Colors and aesthetics, being the major attributes of cosmetics, are difficult to demonstrate through online sales channels. Cosmetics companies prefer opening brand outlets in major urban areas and offering free samples to potential customers. Consumers tend to purchase new cosmetics at retail stores. Thereafter, if the products are found to be highly satisfactory, they are bought online to avail themselves of promotional discounts. These factors have led to the dominance of the offline sales channel segment in the global vegan cosmetics market. Hence, such factors are fuelling the growth of this segment during the forecast period.
Key Regions
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Europe is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The UK, Germany, France, and Russia are the leading cosmetics markets in Europe. The UK leads in terms of cruelty-free cosmetics sales in the European market. Cruelty-free cosmetics product launches have doubled in the past year, whereas the vegan population has increased by four times in the country over the last four years. Along with the preference for cruelty-free, significantly higher per capita expenditure on cosmetics (compared to the European average) has driven the demand for vegan cosmetics in the country.
One of the key requirements for obtaining vegan certification is that cosmetics should not be tested on animals. Europe bans the testing of cosmetics on animals. Thus, various cruelty-free cosmetics have been launched in the region. These cosmetics that comply with regulations and the presence of a large vegan population are likely to rapidly drive the regional cruelty-free cosmetics market during the forecast period. People for the Ethical Treatment of Animals (PETA) and the European Vegetarian Union (EVU) are two of the prominent organizations operating in Europe that award cruelty-free or vegan certificates to cosmetics and other consumer products. All these factors will drive the regional market during the forecast period.
Market Dynamics and Customer Landscape
The Market is experiencing rapid growth, driven by increasing consumer awareness and demand for cruelty-free products. As people become more conscious of animal welfare, they seek alternatives to traditional cosmetics containing animal-derived ingredients like milk, fat, and beeswax. Instead, they opt for plant-based alternatives such as organic oils and extracts, which offer benefits like vitamins, minerals, and antioxidants for healthier skin and body care. This shift is evide
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Vegan Cosmetics Market size is estimated to be valued at USD 71.51 Bn in 2025 and is expected to expand at a CAGR of 6.3%, reaching USD 109.75 Bn by 2032.
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The global vegan beauty cosmetics market size was valued at approximately USD 16.3 billion in 2023 and is expected to reach around USD 30.6 billion by 2032, showcasing a compound annual growth rate (CAGR) of 7.5% over the forecast period. The robust growth of this market is primarily driven by an increasing consumer shift towards cruelty-free and sustainable beauty products. As awareness grows about the ethical and environmental impacts of traditional cosmetics, a significant portion of consumers is gravitating towards vegan alternatives that are both environmentally friendly and ethically produced. This surge in demand is further bolstered by advancements in vegan formulations and the expanding range of products available to meet consumer needs.
A key growth factor propelling the vegan beauty cosmetics market is the rising global consciousness about sustainability and animal welfare. Consumers today are more informed and conscientious, demanding transparency and ethical practices from brands. The beauty industry is reacting to this shift by offering vegan products that not only eschew animal testing but also use plant-based and sustainable ingredients. Moreover, the rise of social media and digital platforms has significantly amplified consumer awareness and advocacy for vegan beauty products. Influencers and brands leverage these platforms to educate consumers on the benefits of vegan cosmetics, thus accelerating market growth.
Another significant driver of market expansion is the increasing availability and variety of vegan beauty products. Major beauty brands and startups alike are investing in research and development to innovate vegan formulations that perform as well as, if not better than, their traditional counterparts. This includes creating textures, colors, and formulations that appeal to a wide range of consumers. The broadening product lines, which now include skincare, haircare, makeup, and fragrances, cater to diverse consumer preferences and needs, thus expanding the customer base. Additionally, strategic marketing and clear labeling are making it easier for consumers to identify and choose vegan products, enhancing market penetration.
The health benefits associated with vegan beauty cosmetics also significantly contribute to the market's growth. As these products are formulated without harsh chemicals and synthetic additives, they are often perceived as safer and healthier alternatives. This perception is particularly appealing in the skincare and haircare segments, where consumers are increasingly looking for products that cater to sensitive skin and scalp conditions. The trend towards clean and green beauty is not just a preference, but a lifestyle choice for many, aligning with broader wellness trends and further driving demand for vegan beauty products.
The rise of Halal Cosmetics is another noteworthy trend in the beauty industry, complementing the growth of vegan beauty products. Halal cosmetics adhere to Islamic law, ensuring that the products are free from ingredients derived from animals that are not slaughtered according to halal practices, as well as alcohol and other prohibited substances. This segment is gaining traction among Muslim consumers who seek products that align with their religious beliefs and ethical values. The demand for halal cosmetics is not limited to Muslim-majority countries; it is expanding globally as awareness of halal standards increases. Brands are responding by developing halal-certified products that cater to a diverse consumer base, enhancing the inclusivity and ethical appeal of their offerings.
From a regional perspective, North America and Europe are currently the largest markets for vegan beauty cosmetics, driven by high consumer awareness and disposable income levels. However, the Asia Pacific region is anticipated to exhibit the highest growth during the forecast period, with a rising middle-class population and increasing awareness about sustainable and ethical products. The demand in Latin America and the Middle East & Africa is also expected to rise steadily, as global beauty trends permeate these regions and local players emerge to cater to the growing vegan beauty movement. With governments and organizations promoting sustainability, these regions are poised to witness significant market growth.
The vegan skincare segment is a significant contributor to the overall vegan beauty cosmetics market. As consumers
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Vegan Cosmetic Market size was valued at USD 15.76 Billion in 2024 and is projected to reach USD 24.74 Billion by 2031, growing at a CAGR of 5.80% from 2024 to 2031.
Vegan Cosmetic Market: Definition/ Overview Vegan cosmetics encompasses beauty and personal care products made without any animal-derived ingredients and developed without animal testing. These products include a wide range of offerings such as skincare, haircare, makeup, and personal hygiene items crafted with plant-based and mineral ingredients that appeal to conscious consumers. Vegan cosmetics often prioritize cruelty-free practices, sustainable sourcing, and eco-friendly packaging to reduce environmental impact and support animal welfare. This concept caters to a diverse customer base including ethical consumers those with sensitive skin, and environmentally conscious individuals seeking products free from animal ingredients and by-products. Vegan cosmetics are frequently available through online platforms and specialized beauty retailers making it easy for consumers to access and purchase them. As demand for ethical, cruelty-free, and plant-based beauty products continues to grow, vegan cosmetics represent an innovative and customer-centric approach in the beauty industry.
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The global vegan makeup market size was valued at approximately USD 4.2 billion in 2023 and is expected to reach a staggering USD 9.8 billion by 2032, growing at a robust CAGR of 9.6% during the forecast period. The vegan makeup market is experiencing unprecedented growth, driven by a confluence of factors such as increasing awareness of ethical consumerism, a growing number of vegans worldwide, and the rising demand for cruelty-free and environmentally sustainable products. As consumers become more conscious of the impact of their purchasing decisions on the environment and animal welfare, the demand for vegan makeup products is anticipated to maintain a steady upward trajectory.
One of the pivotal growth factors influencing the vegan makeup market is the rising awareness and advocacy surrounding animal welfare and environmental sustainability. Consumers are increasingly seeking products that align with their ethical values, and vegan makeup, free from animal-derived ingredients and associated with cruelty-free testing practices, is becoming an ideal choice for many. Additionally, the growing awareness campaigns by animal rights organizations and increased information dissemination through social media channels have accelerated the shift of consumers towards vegan beauty products. This trend is particularly significant among millennials and Gen Z, who are more inclined to support brands that promote sustainability and ethical practices.
Another significant driver is the advancement in cosmetic formulation technologies that allow for high-quality vegan products. Traditionally, vegan products were often criticized for their lack of performance compared to conventional counterparts. However, with continuous innovation and research in plant-based ingredients and synthetic alternatives, vegan makeup now offers comparable, if not superior, quality and performance. This has led to greater consumer adoption, as individuals are no longer required to compromise on efficacy or quality when opting for cruelty-free and vegan options, thus fueling market growth.
The rising trends in health consciousness and the reduction of skin sensitivities and allergies have also bolstered the demand for vegan makeup products. Many consumers perceive vegan products as safer and healthier due to their formulations being free from harsh chemicals and animal derivatives, which can trigger allergies or sensitivities. This perception is particularly pronounced in regions with high incidences of skin sensitivities and among consumers who are increasingly vigilant about the ingredients in their personal care products. As more individuals seek out clean beauty alternatives, the vegan makeup segment is set to expand further.
Regionally, North America currently holds a significant share of the vegan makeup market, attributed to the high concentration of vegan and environmentally conscious consumers in the region. However, the Asia Pacific is anticipated to witness the fastest growth during the forecast period, driven by the increasing disposable incomes, rapid urbanization, and a growing awareness of ethical consumerism. The European market also shows substantial promise, benefiting from stringent regulations on animal testing and a strong cultural inclination towards sustainable products. Each of these regions presents unique opportunities and challenges that are shaping the growth dynamics of the vegan makeup market globally.
The vegan makeup market is segmented based on product type into foundation, lip products, eye products, face products, and others. Within these segments, foundation holds a significant market share, driven by the increasing demand for products that offer natural finish and coverage without the use of animal-derived ingredients. Vegan foundations are increasingly incorporating ingredients such as plant-based oils and minerals, catering to a variety of skin tones and types, which has broadened their appeal to a diverse consumer base. The continuous innovation in product formulation to enhance texture, longevity, and coverage has also been pivotal in driving the growth of this segment.
Lip products constitute another major segment in the vegan makeup market, with a growing number of brands launching new and innovative vegan lipsticks, glosses, and balms. The demand for vegan lip products is driven by consumers seeking vibrant, long-lasting colors crafted from natural pigments. Moreover, the inclusion of nourishing ingredients like shea butter and plant oils in these products provides additional skincare benefits, which is a signif
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The global vegan cosmetics market was valued at USD 14.98 Bn in 2021 and is expected to exhibit a CAGR of 6.1% during the forecast period 2022-2030.
Growing environmental awareness, and increasing producers of vegan cosmetics products are the major factor that drives the demand for the global market. In addition, rising R&D investment for advanced products, and stringent regulatory regulations linked with animal testing fuel the demand for the target market. Furthermore, developments in the cosmetic industry and emerging new markets will provide opportunities for the target market. However, lack of awareness about the benefits of vegan cosmetics in developing countries will hamper global market growth
Vegan cosmetics are made up of chemical compounds obtained from natural or synthetic sources that do not contain any components obtained from animals. Animal-derived ingredients include gelatin, lanolin, collagen, albumen, carmine, honey, beeswax, lanolin, collagen, and honey. Vegan cosmetics are used for personal care, skincare, and hair care and are used to cleanse or protect the body or hair. Vegan cosmetics are used to improve someone's appearance by minimizing flaws, emphasizing natural features, bringing out the glow of the face, or altogether changing the appearance.
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Global Vegan Beauty Makeup market size 2025 was XX Million. Vegan Beauty Makeup Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.
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The global vegan cosmetics market projected to grow at a CAGR of 6.3%, reaching US$ 25.9 Billion by 2030, driven by government initiatives and policy support
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The vegan beauty products market is experiencing significant growth, with a market size valued at approximately USD 15 billion in 2023. It is projected to reach around USD 31 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.5% during this period. This growth is driven by increasing consumer awareness regarding veganism and cruelty-free products, further supported by a growing preference for natural and plant-based ingredients in personal care items. Additionally, the rising concerns about sustainability and ethical consumerism are catalyzing the demand for vegan beauty products, creating a robust market trajectory for the coming years.
One of the primary growth factors of the vegan beauty market is the heightened awareness among consumers about the ethical and environmental impact of beauty products. As consumers become more informed about the cruelty involved in animal testing and the environmental degradation caused by non-vegan beauty products, there is a marked shift towards products that align with ethical and sustainable values. This has led to a surge in demand for cruelty-free and vegan-certified products, which do not involve animal testing or the use of animal-derived ingredients. Brands are increasingly responding to this demand by reformulating products and obtaining vegan certifications, thereby tapping into a rapidly expanding consumer base.
The increasing popularity of clean beauty trends has also contributed significantly to the market's growth. Clean beauty emphasizes transparency in ingredient sourcing, safety, and the health benefits of products. Vegan beauty products, which focus on plant-based and natural ingredients, fit seamlessly into this trend, offering consumers products that are perceived as safer and healthier alternatives to traditional beauty products. This perception is particularly appealing to health-conscious consumers who are wary of synthetic chemicals and potential allergens in conventional beauty products. The alignment of vegan beauty products with clean beauty standards continues to drive their adoption in diverse consumer segments.
Furthermore, digital and social media platforms have played a pivotal role in propelling the vegan beauty market. The rise of beauty influencers and celebrities advocating for veganism and cruelty-free lifestyles has significantly increased the visibility and desirability of vegan beauty products. These influencers often highlight the benefits of using vegan products, showcasing their efficacy and ethical value, which resonates with a wide audience. Consequently, brands are leveraging these platforms for marketing and consumer engagement, resulting in heightened brand awareness and an accelerated demand for vegan beauty products across different demographics.
Regionally, the vegan beauty products market exhibits varied growth dynamics. North America and Europe are currently leading the market, driven by high consumer awareness and a well-established infrastructure for natural and organic products. In these regions, the CAGR is projected to be robust due to the strong presence of key market players and a continuous trend towards veganism. Meanwhile, the Asia Pacific region is anticipated to be a lucrative market over the forecast period, driven by a rapidly growing middle class, increasing awareness of ethical consumerism, and rising disposable incomes. Countries like China, Japan, and India are witnessing a shift in consumer preferences, supporting market expansion. Latin America and the Middle East & Africa are also showing potential, albeit at a slower pace, due to increasing awareness and gradual lifestyle changes.
The vegan beauty products market is segmented by product type, which includes skincare, haircare, makeup, fragrances, and others. Skincare is one of the largest segments within the vegan beauty market, driven by a growing consumer focus on natural ingredients that are gentle and beneficial for the skin. Vegan skincare products, which include moisturizers, cleansers, serums, and masks, are in high demand due to their perceived safety and effectiveness. Consumers are increasingly seeking products that avoid synthetic chemicals and animal derivatives, opting instead for plant-based alternatives that are rich in antioxidants and vitamins. This trend is further fueled by the rise of skincare routines that emphasize health and wellness, increasing the adoption of vegan skincare products.
Haircare is another significant segment in the vegan beauty market, with products ranging from shampoos and condit
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The size and share of this market is categorized based on Type (Cruelty-Free Cosmetics, Plant-Based Skincare, Vegan Makeup, Organic Beauty Products, Non-Toxic Skincare) and Application (Personal Care, Beauty, Skincare, Makeup, Hair Care) and geographical regions (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).
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The Vegan Cosmetics Market size was valued at USD 16.92 USD Billion in 2023 and is projected to reach USD 25.37 USD Billion by 2032, exhibiting a CAGR of 5.96 % during the forecast period. Vegan cosmetics are a new concept in the beauty industry which caters to all those who want to use cruelty-free products and those who do not want to use products that contain animal-derived ingredients. This approach is sustainable and meets the needs of consumers with concerns for the environment and its animals. Vegan cosmetics have more to it like vegan skincare products, vegan makeup products, vegan hair cosmetics, and vegan perfumes. They have several characteristics including that they are made of natural and plant-based materials and do not exhibit common allergens like dairy and honey. They focus on sustainable products and are usually delivered in sustainable packaging and their products are ethically sourced from other countries. Lip products market among vegan shoppers, by demographic group, in mainstream stores and online platforms. The advantages of vegan cosmetics go far beyond the need to take care of one’s skin and hair – it refers to the preservation of nature and animals. Consumers, therefore, are leading a shift towards advanced cruelty-free practices and reduction in carbon emissions by choosing vegan alternatives based on their values. Recent developments include: March 2023: Fruit Works, an England-based company, introduced a new line of bath, body, and skin care vegan products, including face masks, body scrubs, glow mist, and body soufflé. The products are made from 100% natural fruit complex derived from sugarcane, lemon, and orange. The company launched ten products across its hair, body, and skincare segments., Feb 2023: Kinder Beauty, a U.S.-based makeup brand, launched vegan facial serums with science-backed formulations that include Vitamin C, Bakuchiol, and Hyaluronic Acid. The products are available on the company’s website., August 2022: OrgaGlo, an India-based company, launched vegan skin and hair care products in India that are available on the brand’s website and Flipkart. The company launched products under the categories of baby, hair, face care, and skin care., Sept 2022: Raw Beauty Wellness, a U.S.-based brand, launched a new line of vegan skincare and haircare products. The vegan products include eye serum, antioxidant serum, exfoliating serum, leave-in serum, prebiotic gel deodorant, and lip oil., June 2022: Plum, an Indian cosmetic & skincare brand, appointed South Indian actress Rashmika Mandana as their brand ambassador. This collaboration was aimed at solidifying the brand’s position among India’s Gen Z and millennial users, and opening new sales channels.. Key drivers for this market are: Growing Demand for Bath Towels from End-use Industries to Propel the Market Growth. Potential restraints include: High Circulation of Counterfeit Products to Hamper Market Growth. Notable trends are: Launch of Vegan Cosmetic Product Lines by Celebrities to Augment Market Progress.
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The size and share of this market is categorized based on Skin Care (Moisturizers, Cleansers, Serums, Exfoliators, Face Masks) and Hair Care (Shampoos, Conditioners, Hair Treatments, Styling Products, Hair Oils) and Makeup (Foundations, Lip Products, Eye Makeup, Blush and Bronzer, Nail Care) and Fragrance (Perfumes, Body Sprays, Essential Oils, Scented Lotions, Candles) and Personal Care (Deodorants, Body Washes, Sunscreens, Oral Care, Feminine Care) and geographical regions (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).
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The size of the Plant Based Cosmetics Market was valued at USD 2.84 Million in 2023 and is projected to reach USD 4.51 Million by 2032, with an expected CAGR of 6.83% during the forecast period. Plant-based cosmetics are beauty products formulated primarily with ingredients derived from plants. These ingredients include plant extracts, oils, and other substances obtained from raw plant materials. The focus is on utilizing natural, botanical components known for their beneficial properties, such as soothing, moisturizing, and nourishing the skin. These cosmetics are often perceived as safer and more environmentally friendly compared to those containing synthetic ingredients. They cater to consumers seeking natural and sustainable beauty solutions, aligning with the growing demand for eco-friendly and cruelty-free products. Plant-based cosmetics can range from skincare items like cleansers and moisturizers to makeup products such as foundations and lipsticks. They are designed to provide effective beauty care while minimizing the use of artificial chemicals and preservatives. Recent developments include: In September 2022, Stella by Stella McCartney, a new beauty line from the fashion designer, was introduced in collaboration with LVMH. According to the company, McCartney's ecological ethos of using "just what you need" is reflected in the new brand. Reset Cleanser, Alter-Care Serum, and Restore Cream are the three items in the vegan skincare range., In August 2022, Ashunta Sheriff launched Ashunta Sheriff Beauty, a Black-owned beauty brand with a conscience offering a Cruelty-Free, Vegan Beauty Line. A few products in the range include browzing brow gel freeze, unicorn duochrome highlighter, UV vegan liquid liners, unicorn multichrome glitter shadow palette, and beauty water fix-it spray, among others., In May 2022, Lotte Duty-Free, the duty-free division of South Korean retail behemoth Lotte, released a collection of vegan cosmetics through its online shopping portal LDF BUY. It claimed that the LDF BUY would sell vegan cosmetic products made by Grown Alchemist, a natural skincare brand based in Australia, and Hunter Lab, a gender-inclusive brand from Australia.. Key drivers for this market are: Increasing Consumer Interest in Adventure Tourism, Growing Focus on Health and Wellness. Potential restraints include: High Risk and Safety Concerns, Fluctuating Weather Patterns. Notable trends are: The Trend of Green Cosmetics.
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[205+ Pages Report] The global vegan cosmetics market size is expected to grow from USD 2,305.14 million in 2022 to USD 3,861.09 million by 2030, at a CAGR of 6.66% from 2023-2030
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The market is projected to grow from USD 18.8 billion in 2025 to USD 37.2 billion by 2035, reflecting a CAGR of 6.9% during the forecast period.
Metric | Value |
---|---|
Industry Size (2025E) | USD 18.8 billion |
Industry Value (2035F) | USD 37.2 billion |
CAGR (2025 to 2035) | 6.9% |
Vegan Cosmetics Market - Country-Wise Per Capita Spending
Country | United States |
---|---|
Population (millions) | 345.4 |
Estimated Per Capita Spending (USD) | 35.60 |
Country | United Kingdom |
---|---|
Population (millions) | 68.3 |
Estimated Per Capita Spending (USD) | 27.40 |
Country | Germany |
---|---|
Population (millions) | 83.2 |
Estimated Per Capita Spending (USD) | 32.50 |
Country | France |
---|---|
Population (millions) | 65.6 |
Estimated Per Capita Spending (USD) | 30.80 |
Country | Japan |
---|---|
Population (millions) | 123.9 |
Estimated Per Capita Spending (USD) | 28.90 |
Country | Australia |
---|---|
Population (millions) | 26.4 |
Estimated Per Capita Spending (USD) | 33.20 |
Vegan Cosmetics Market - Country-Wise Outlook
Country | CAGR (2025 to 2035) |
---|---|
United States | 7.8% |
Country | CAGR (2025 to 2035) |
---|---|
United Kingdom | 7.2% |
Country | CAGR (2025 to 2035) |
---|---|
Germany | 6.9% |
Country | CAGR (2025 to 2035) |
---|---|
India | 8.3% |
Country | CAGR (2025 to 2035) |
---|---|
China | 8.7% |
Competition Outlook: Vegan Cosmetics Market
Company Name | Estimated Market Share (%), 2024 |
---|---|
Lush | 16-20% |
Cover FX | 10-14% |
Pacifica | 8-12% |
E.L.F. Cosmetics | 6-10% |
Other Companies (combined) | 45-55% |