Vegan Cosmetics Market by Packaging (Pencils, Sticks, Jars, Other Packagings), Product Type, Distribution Channel, End User, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2028

Vegan Cosmetics Market Size

The Vegan Cosmetics market size was valued at $2.47 billion in 2022 and is projected to reach $3.76 billion by 2028, growing at a CAGR of 7.3% during the forecast period.

Vegan Cosmetics Market Overview

Vegan cosmetics refer to beauty products that are formulated and manufactured without the use of any animal-derived ingredients or by-products. This includes ingredients such as beeswax, lanolin, carmine, and other animal-derived substances that are commonly found in traditional cosmetics. Instead, vegan cosmetics are made using plant-based ingredients, minerals, and synthetic alternatives to achieve desired textures, colors, and performance. Additionally, vegan cosmetics are not tested on animals, meaning they undergo cruelty-free testing methods to ensure safety and efficacy. By opting for vegan cosmetics, consumers can support ethical and sustainable practices, as well as minimize their impact on animals and the environment. These products are increasingly popular among consumers who prioritize animal welfare, environmental conservation, and personal health in their beauty choices.

Vegan Cosmetics Market Dynamics

The market dynamics analyzed in this market research report encapsulate a multifaceted interplay of drivers and constraints that significantly shape the landscape of the Vegan Cosmetics Market. The comprehensive analysis of both drivers and constraints enables a nuanced understanding of the market's dynamics, empowering businesses and stakeholders to make informed decisions in navigating the complexities of the market.

Vegan Cosmetics Market Scope

The report “Global Vegan Cosmetics Market: Industry Analysis, Opportunities and Forecast up to 2028” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2020, 2021 and offers revenue estimations for 2022, and project forecasts spanning from 2023 to 2028. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Global Vegan Cosmetics Market by, Packaging

·        Pencils

·        Sticks

·        Jars

·        Other Packagings

Global Vegan Cosmetics Market by, Product Type

·        Skin Product

·        Hair Product

·        Lip Product

·        Eye Product

·        Other Product Types

Global Vegan Cosmetics Market by, Distribution Channel

·        Offline

·        Online

Global Vegan Cosmetics Market by, End User

·        Personal

·        Commercial

Global Vegan Cosmetics Market by, Geography

·        North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis.

·        Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis

·        Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis

·        South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis

·        Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

Key Players Profiled in this Research Report include:

·        Amway Corporation

·        Coty Inc

·        Estee Lauder Companies Inc

·        Groupe Rocher

·        L’Occitane Group

·        L’Oreal S.A

·        LVMH Group

·        Pacifica Beauty

·        Unilever plc

·        Weleda

What can be explored with this research report?

·        Understand global Vegan Cosmetics Market analysis, trends, and forecast to 2028.

·        Understand analysis of the Vegan Cosmetics Market structure by identifying various segments and sub-segments of the market.

·        Understand revenue forecast and strategic analysis concerning industry trends and contribution to the overall Vegan Cosmetics Market.

·        Understand the revenue forecast of the Vegan Cosmetics Market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

·        Identification of major market trends, factors driving, restraining, threatening, and providing opportunities for the Vegan Cosmetics Market growth.

·        Analyzing opportunities by identification of high-growth segments/revenue pockets in the Vegan Cosmetics Market.

·        Understand major player profiles in the Vegan Cosmetics Market and analyze their business strategies.

·        Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the Vegan Cosmetics Market.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbreviations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.2 Market Restraints 
 4.3 Market Opportunities 
 4.4 Market Challenges 
 4.5 Impact of COVID-19 on the Vegan Cosmetics Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global Vegan Cosmetics Market by, Packaging 
 6.1 Overview 
 6.2 Pencils 
 6.3 Sticks 
 6.4 Jars 
 6.5 Other Packagings 
 
7 Global Vegan Cosmetics Market by, Product Type 
 7.1 Overview 
 7.2 Skin Product 
 7.3 Hair Product 
 7.4 Lip Product 
 7.5 Eye Product 
 7.6 Other Product Types 
 
8 Global Vegan Cosmetics Market by, Distribution Channel 
 8.1 Overview 
 8.2 Offline 
 8.3 Online 
 
9 Global Vegan Cosmetics Market by, End User 
 9.1 Overview 
 9.2 Personal 
 9.3 Commercial 
 
10 Global Vegan Cosmetics Market by, Geography 
 10.1 Overview 
 10.2 North America 
 10.2.1 US
 10.2.2 Canada
 10.2.3 Mexico
 10.3 Europe 
 10.3.1 Germany
 10.3.2 France
 10.3.3 UK
 10.3.4 Italy
 10.3.5 Spain
 10.3.6 Rest of Europe
 10.4 Asia Pacific 
 10.4.1 China
 10.4.2 Japan
 10.4.3 India
 10.4.4 South Korea
 10.4.5 Australia
 10.4.6 New Zealand
 10.4.7 Rest of Asia Pacific
 10.5 South America 
 10.5.1 Brazil
 10.5.2 Argentina
 10.5.3 Chile
 10.5.4 Rest of South America
 10.6 Middle East & Africa 
 10.6.1 UAE
 10.6.2 Saudi Arabia
 10.6.3 Qatar
 10.6.4 Iran
 10.6.5 South Africa
 10.6.6 Rest of Middle East & Africa
 
11 Key Developments 
 
12 Company Profiling 
 12.1 Amway Corporation 
 12.1.1 Business Overview
 12.1.2 Product/Service Offering
 12.1.3 Financial Overview
 12.1.4 SWOT Analysis
 12.1.5 Key Activities
 12.2 Coty Inc 
 12.3 Estee Lauder Companies Inc 
 12.4 Groupe Rocher 
 12.5 L’Occitane Group 
 12.6 L’Oreal S.A 
 12.7 LVMH Group 
 12.8 Pacifica Beauty 
 12.9 Unilever plc 
 12.10 Weleda