Vegan Cosmetics Market: Vegan Hair Care Segment Is Projected To Register The Fastest Growth

 Vegan Cosmetics Industry Overview

The global vegan cosmetics market size was valued at USD 15.17 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030. One of the primary factors driving market expansion is the rise of vegan consumerism all across the globe where consumers are against animal cruelty and are seeking cosmetics that do not contain any animal ingredients. Therefore, there is a shift in the cosmetics market mainly propelled by ethically conscious consumers opting for vegan products.

Vegan cosmetics are those products that do not include any animal ingredients such as beeswax, collagen, and others and are used for beautifying, maintaining hygiene, or changing or enhancing the appearance of consumers. Its major types include skin care, hair care, and color cosmetics products among various others. These products are easily accessible to consumers in the market through various distribution channels including specialty stores, supermarkets, hypermarkets, e-commerce, and others.

Moreover, the rising trend of veganism has encouraged manufacturers to invest in research & development, to launch new products and their variants to cater to consumers looking for vegan products. For instance, in Feb 2021, G&M, an Australian beauty products manufacturer launched vegan cosmetics to tap into the growing market for the same, especially among millennial consumers.

Gather more insights about the market drivers, restrains and growth of the Global Vegan Cosmetics market

 

Additionally, vegan cosmetics such as skin care, color cosmetics, hair care, and others are becoming an integral part of grooming among consumers, especially among Gen Z. This is owing to the rising consumer awareness regarding the benefits associated with the use of vegan cosmetics as they are chemical-free and environmentally friendly. This in turn is expected to boost the growth of the market during the forecast years.

The recent COVID-19 outbreak has severely impacted the growth of the industry. The pandemic disrupted production as well as sales of vegan cosmetics both through online and offline channels due to social distancing and stay-home policies. Demand for new orders from retailers had come to a standstill as major markets were under lockdown, which drastically altered the supply chains globally.

Furthermore, according to The Vegan Society, the number of consumers adopting veganism has risen by 350% in the U.K. as compared to a decade ago. Moreover, in the year 2018, Vegan cosmetics sales increased by 38% in the U.K. According to Vegan Avenue, many companies have divulged an increase in demand for such products. For instance, in the year 2019, Superdrug, one of the leading health & beauty retailers in the U.K. reported a 750% increase in demand for vegan cosmetics.


Browse through Grand View Research's Beauty & Personal Care Industry Research Reports.

  • Anti-wrinkle Products Market -The global anti-wrinkle products market was valued at USD 10.96 billion in 2022 and is projected to register a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030.

 

  • Sun Care Cosmetics Market - The global sun care cosmetics market size was valued at USD 8.5 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030.

 

Vegan Cosmetics Market Segmentation

Grand View Research has segmented the global vegan cosmetics market based on product, distribution channel, and region:

Vegan Cosmetics Market Product Outlook (Revenue, USD Million, 2017 - 2030)

  • Skin Care
  • Hair Care
  • Color Cosmetics
  • Others

Vegan Cosmetics Market Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

  • Hypermarkets & Supermarkets
  • Specialty Stores
  • E-commerce
  • Others

Vegan Cosmetics Market Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Market Share Insights

  • March 2021: Hourglass, one of the manufacturers of vegan beauty products has a partnership with the consumer good giant ‘Unilever’ to develop and launch carmine free vegan lipstick in the market

 

  • April 2019: the beauty brand ‘Kat Von D Beauty’ launched its 100% vegan mascara made from the blend of sunflower and olive oil in the market.

 

Key Companies profiled:

Some of the key players operating in the vegan cosmetics market include:

  • Zuzu Luxe
  • Ecco Bella
  • Bare Blossom
  • Emma Jean Cosmetics
  • Modern Mineral Makeup
  • Urban Decay
  • Arbonne, Pacifica
  • Nature’s Gate
  • Beauty Without Cruelty
  • Billy Jealousy
  • MuLondon Organic

 

Order a free sample PDF of the Vegan Cosmetics Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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