Vegan Cosmetics Market By Product (Skin Care, Hair Care, Makeup), Distribution Channel (E-Commerce, Supermarket, Departmental Store, Specialty Store) and Region – Industry Analysis and Forecast to 2033
The global vegan cosmetics market is expected to grow from USD 17.89 billion in 2023 to USD 31.99 billion by 2033 at a CAGR of 5.98%.
Vegan Cosmetics Market CAGR
2023-2033
CAGR OF
5.98%
Vegan Cosmetics Market
Cosmetic products that do not contain any animal-derived ingredients and are not tested on animals are known as vegan cosmetics. The primary contents of the vegan products include honey, collage, gelatine, and many more. The market is anticipated to witness significant growth and witness impressive sales in 2023. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the overall market. The historic years considered for the study are 2018-2021, the base year is 2022, the estimated year is 2023, and the forecast period is 2023-2033.
Vegan Cosmetics Market: Market Dynamics
The major factors that fuel the growth of the global vegan cosmetic market are an increase in demand for personal care products and awareness about cruelty-free products among millennials. There are several user-friendly websites that provide a seamless shopping experience to customers, which is also a major factor in driving the global vegan cosmetic market. The rise in demand for natural hair colors has led the manufacturer to be more focused on vegan and toxic-free ingredients in producing hair care products.
Vegan Cosmetics Market: Segmental Analysis
Vegan Cosmetics Market
By Product
Skin Care
Hair Care
Makeup
The Market will Grow
At the CAGR of:
5.98%
The Forecast Market
Size for 2033 in USD:
$31.99B
The market is classified into product, distribution channel, and region. On the basis of product, the global vegan cosmetic market is segmented into skincare, haircare, and makeup. The hair care products segment is expected to grow at a faster rate with the rise in demand for chemical-free hair products.
Vegan Cosmetics Market
By Distribution Channel
XX%
E-Commerce
Supermarket
Departmental Store
Specialty Store
17.89
Total Market Size
USD (Billion), 2023
5.98%
CAGR
2023 - 2033
On the basis of the distribution channels, the market is segmented into e-commerce, supermarket, departmental store, and specialty store. The e-commerce segment is projected to grow with a higher growth rate due to easy-availability with wide varieties.
Vegan Cosmetics Market: Regional Analysis
Vegan Cosmetics Market
By Region
The Market will Grow
At the CAGR of:
5.98%
The Forecast Market
Size for 2033 in USD:
$31.99B
Geographically, the market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is booming as most people prefer vegan products and so the region is anticipated to witness drastic growth in the coming years as well. Furthermore, the existence of major manufactures product portfolio is fuelling the market growth in the region. Asia-Pacific region is anticipated to experience a sustainable growth rate in the overall market, which is attributable to the growing concerns about the transdermal nature of cosmetics. Countries like Japan, China, and Korea are the major markets in the cosmetic industry.
Vegan Cosmetics Market: Competition Scenario
Key players operating in the vegan cosmetics market are Urban Decay Cosmetics, Ecco Bella, Bare Blossom, Billy Jealousy, MuLondon LTD, and Mo Mi Beauty.
Critical Questions Answered in the Report
• What are the key trends in the market? • How the market (and its various sub segments) has grown in the last four years and what would be the growth rate in the next five years? • What are the key strategies adopted by the major vendors to lead in the market? • What is the market share of the top players?
Research Methodology
The research study extensively uses both secondary and primary research methodologies. More than 200 industry leaders from various phases of the value chain (demand side, supply side, resellers/distributors, and other independent consultants) were interviewed to gain crucial insights about this market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.
Vegan Cosmetics Market Scope:
Report Data
Vegan Cosmetics Market
Vegan Cosmetics Market Forecast Value 2033
31.99Billion
Vegan Cosmetics Market CAGR 2023 - 2033
5.98%
Vegan Cosmetics Market Forecast Period
2023 - 2033
Vegan Cosmetics Market Base Year
2022
Regional Scope
North America, Europe, Asia Pacific, South America, and Middle East & Africa
Key Companies Profiled
Urban Decay Cosmetics, Ecco Bella, Bare Blossom, Billy Jealousy, MuLondon LTD, and Mo Mi Beauty.
Key Segments
By Product Skin Care
Hair Care
Makeup
By Distribution Channel
E-Commerce
Supermarket
Departmental Store
Specialty Store
By Region
North America
Europe
Asia-Pacific
South America
Middle-East & Africa
Report Coverage
Market Sizing, Market Forecasting, Market Dynamics, Market Trends, Market Development Analysis, Market Share Analysis, Regional Analysis, Competitive Positioning, Competitive Benchmarking, Competitive Landscape, Company Profiling, Regulation Analysis, etc.
1 Executive Summary
2 Market Introduction 2.1 Definition 2.2 Architecture 2.3 Scope of the Study 2.4 Related Stakeholders
3 Research Methodology 3.1 Introduction 3.2 Primary Research 3.2.1 Key Insights 3.2.2 Breakdown of Primary Interviews 3.3 Secondary Research 3.3.1 Important Sources 3.4 Market Size Estimation Approaches 3.4.1 Top-Down Approach 3.4.2 Bottom-Up Approach 3.4.3 Data Triangulation 3.5 List of Assumptions
4 Market Dynamics 4.1 Introduction 4.2 Drivers 4.2.1 Increased awareness about vegan and cruelty-free products among the millennials. 4.2.2 Developing sales channel 4.3 Challenges 4.3.1 Shorter shelf life of vegan products 4.4 Opportunities 4.4.1 R&D activities to develop efficient and reliable products 4.5 Porter's Five Forces Model Analysis 4.6 Value Chain Analysis 4.7 Regulatory Landscape
5 Vegan Cosmetics Market , By Product 5.1 Introduction 5.2 Skin Care 5.3 Hair Care 5.4 Makeup
6 Vegan Cosmetics Market , By Distribution Channel 6.1 Introduction 6.2 E-Commerce 6.3 Supermarket 6.4 Departmental Store 6.5 Specialty Store
7 Vegan Cosmetics Market , By Region 7.1 Introduction 7.2 North America 7.2.1 US 7.2.2 Canada 7.2.3 Mexico 7.3 Europe 7.3.1 Germany 7.3.2 UK 7.3.3 France 7.3.4 Italy 7.3.5 Spain 7.3.6 Rest of Europe 7.4 Asia-Pacific 7.4.1 China 7.4.2 India 7.4.3 Japan 7.4.4 South Korea 7.4.5 Rest of Asia-Pacific 7.5 Middle East and Africa 7.6 South America
9 Company Profiles (This section covers the Business Overview, Financial Overview, Product and Service Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.) 9.1 Urban Decay Cosmetics 9.2 Ecco Bella 9.3 Bare Blossom 9.4 Billy Jealousy 9.5 MuLondon LTD 9.6 Mo Mi Beauty
Table 1 Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 2 Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 3 Vegan Cosmetics Market , By Region, 2023-2033 (USD Million) Table 4 North America Vegan Cosmetics Market , By Country, 2023-2033 (USD Million) Table 5 North America Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 6 North America Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 7 US Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 8 US Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 9 Canada Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 10 Canada Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 11 Mexico Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 12 Mexico Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 13 Europe Vegan Cosmetics Market , By Country, 2023-2033 (USD Million) Table 14 Europe Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 15 Europe Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 16 Germany Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 17 Germany Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 18 UK Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 19 UK Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 20 France Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 21 France Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 22 Italy Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 23 Italy Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 24 Spain Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 25 Spain Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 26 Rest of Europe Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 27 Rest of Europe Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 28 Asia-Pacific Vegan Cosmetics Market , By Country, 2023-2033 (USD Million) Table 29 Asia-Pacific Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 30 Asia-Pacific Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 31 China Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 32 China Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 33 India Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 34 India Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 35 Japan Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 36 Japan Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 37 South Korea Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 38 South Korea Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 39 Rest of Asia-Pacific Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 40 Rest of Asia-Pacific Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 41 Middle East and Africa Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 42 Middle East and Africa Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million) Table 43 South America Vegan Cosmetics Market , By Product, 2023-2033 (USD Million) Table 44 South America Vegan Cosmetics Market , By Distribution Channel, 2023-2033 (USD Million)
List of Figures
Figure 1 Vegan Cosmetics Market : Market Segmentation Figure 2 Vegan Cosmetics Market : Research Methodology Figure 3 Breakdown of Primary Interviews Figure 4 Top Down Approach Figure 5 Bottom Up Approach Figure 6 Data Triangulation Figure 7 Vegan Cosmetics Market : Drivers, Restraints, Opportunities, and Challenges Figure 8 Vegan Cosmetics Market : Porter's Five Forces Model Analysis Figure 9 Vegan Cosmetics Market : Value Chain Analysis Figure 10 Vegan Cosmetics Market Share Analysis, By Product, 2023 and 2033 Figure 11 Vegan Cosmetics Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 12 Vegan Cosmetics Market Share Analysis, By Region, 2023 and 2033 Figure 13 North America Vegan Cosmetics Market Share Analysis, By Country, 2023 and 2033 Figure 14 North America Vegan Cosmetics Market Share Analysis, By Product, 2023 and 2033 Figure 15 North America Vegan Cosmetics Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 16 Europe Vegan Cosmetics Market Share Analysis, By Country, 2023 and 2033 Figure 17 Europe Vegan Cosmetics Market Share Analysis, By Product, 2023 and 2033 Figure 18 Europe Vegan Cosmetics Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 19 Asia-Pacific Vegan Cosmetics Market Share Analysis, By Country, 2023 and 2033 Figure 20 Asia-Pacific Vegan Cosmetics Market Share Analysis, By Product, 2023 and 2033 Figure 21 Asia-Pacific Vegan Cosmetics Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 22 Middle East and Africa Vegan Cosmetics Market Share Analysis, By Product, 2023 and 2033 Figure 23 Middle East and Africa Vegan Cosmetics Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 24 South America Vegan Cosmetics Market Share Analysis, By Product, 2023 and 2033 Figure 25 South America Vegan Cosmetics Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 26 Vegan Cosmetics Market : Competitive Benchmarking Figure 27 Vegan Cosmetics Market : Vendor Share Analysis, 2023 (%)
Vegan Cosmetics Market Scope:
Report Data
Vegan Cosmetics Market
Vegan Cosmetics Market Forecast Value 2033
31.99Billion
Vegan Cosmetics Market CAGR 2023 - 2033
5.98%
Vegan Cosmetics Market Forecast Period
2023 - 2033
Vegan Cosmetics Market Base Year
2022
Regional Scope
North America, Europe, Asia Pacific, South America, and Middle East & Africa
Key Companies Profiled
Urban Decay Cosmetics, Ecco Bella, Bare Blossom, Billy Jealousy, MuLondon LTD, and Mo Mi Beauty.
Key Segments
By Product Skin Care
Hair Care
Makeup
By Distribution Channel
E-Commerce
Supermarket
Departmental Store
Specialty Store
By Region
North America
Europe
Asia-Pacific
South America
Middle-East & Africa
Report Coverage
Market Sizing, Market Forecasting, Market Dynamics, Market Trends, Market Development Analysis, Market Share Analysis, Regional Analysis, Competitive Positioning, Competitive Benchmarking, Competitive Landscape, Company Profiling, Regulation Analysis, etc.
The Research Intellica follows an extensive research methodology that involves a blend of both primary and secondary research. Information assembly and understanding the definition of the market are one of the critical points in our research process.
Key steps required in our research process:
Information Assembling: Under this stage, market data or information is collected by going through all the various methodologies, such as paid databases, TRI’s internal databases, primary research, and secondary research.
Secondary Sources: Some of the prominent examples include annual reports, press releases & investor presentations of companies, white papers, government statistics companies such as WHO, NGOs, the World Bank, and many others, regulatory bodies, trade directories.
Primary Sources: The primary interviewees from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies. The primary sources from the supply side include associations and institutions involved in the particular industry, key opinion leaders, and processing players.
Data Analysis: Our data is the Intellica of our research, and to stand out in the market, we analyse the data with statistical tools such as regression analysis and factor analysis. Our data analytics model aids in market forecasting. Common parameters are as follows:
Macro-economic factors
Demographics
Technology & innovation
Regional Patterns
Value Chain/ Supply Chain
Market dynamics
Industry Trends
Market Estimation: Both, bottom-up and top-down approaches were used to estimate and validate the size of the global market. The key players in the industry and markets were identified through extensive secondary research. The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as directors and marketing executives.
Bottom-Up Approach:
Top-down Approach:
Market Breakdown & Data Triangulation:
In order to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments, the data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides. Along with this, the market size was validated by using both, the top-down and bottom-up approaches.
Market Stakeholders:
Raw Material Suppliers
Manufacturers
System Integrators
Distributors
End-users
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