The global vegan cosmetics market is anticipated to grow at a CAGR of 6.2% during the forecast period (2022-2028). A significant rise in the awareness regarding cruelty free cosmetics is accelerating the growth of the market. Berlin-based vegan supermarket chain Veganz has conducted research into veganism in Europe, finding that within four years the number of vegans has doubled from 1.3 million in 2016 to 2.6 million in 2020. Interviewing over 2,600 shoppers aged 15 to 64 from countries around Europe, Veganz found that the vegan trend was strongest in its own country of Germany. This results in the driving demand for cosmetics without animal ingredients and thereby pushing the adoption of vegan cosmetics.
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The global vegan cosmetics market is segmented based on type and distribution channel. Based on the type, the market is segmented into skin care, hair care, makeup, and others. Based on the distribution channel, the market is segmented into e-commerce, hypermarkets/supermarkets, departmental stores, speciality stores, and others. skin care vegan cosmetics segment is estimated to dominate the market. Vegan skincare products are all plant-based, which means they are mostly chemical-free and most of the ingredients are sourced from plants. Vegan skincare products are loaded with vitamins B, C and E that support cell regeneration and encourage silky and soft skin. Skincare products that have natural ingredients such as aloe vera, chamomile, and tea tree have been gaining significance over the years. These ingredients have proven to remove impurities and excess oil off of the face and gently treat acne too.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Vegan cosmetics Market Report by Segment
By Type
- Skin Care
- Hair Care
- Makeup
- Others
By Distribution Channel
- E-commerce
- Hypermarkets/Supermarkets
- Departmental Stores
- Specialty Store
- Others
Global Vegan Cosmetics Market Report by Region
North America
- US
- Canada
Europe
- The UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global vegan cosmetics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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