Vegan Cosmetics Market Forecast 2030: Key Players & Emerging Trends

Vegan Cosmetics Market Size & Insights

As per recent study by MarkNtel Advisors The Global Vegan Cosmetics Market size was valued at around USD 4.48 billion in 2024 and is projected to reach USD 8.12 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 10.42% during the forecast period, i.e., 2025-30. This growth is primarily driven by ethical concerns, environmental and clean-beauty trends, evolving regulatory environment, and rising digital penetration.

What are the Key DROs in the Vegan Cosmetics Market?

Ethical Concerns & Consumer Demand for Clean Products – The vegan cosmetics industry is largely driven by ethical concerns related to the use of animals in the cosmetics industry. Consumers around the world are increasingly asking for such products, with a survey highlighting that over 40% of global cosmetic consumers actively seek out vegan options when buying beauty products. Another survey found that ethical concerns related to animals were among the top three considerations for cosmetics buyers in developed markets like Europe and North America. Similarly, the demand for vegan cosmetics is especially high amongst younger generations who are the biggest contributors to the rapid growth of the market.

The market is also seeing increased growth as responsible consumers are demanding vegan products because of their low carbon footprint and renewable ingredients. This driver is further contributing to the demand for vegan cosmetics across the globe, as it is amplified by the rising influence of celebrities and social media stars who are promoting the use of guilt-free, sustainable products.

What are the Key Segments in the Vegan Cosmetics Market?

The Vegan Cosmetics is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

·       By Product

o   Skin Care

o   Hair Care

o   Makeup

o   Others (Lip Care, Nail Care, etc.)

·       By Sales Channel

o   E-Commerce

o   Offline Stores

§  Hypermarket/Supermarket

§  Departmental Stores

§  Specialty Stores

§  Others (convenience Stores, Discount Stores, etc.)

·       By Packaging

o   Pumps & Dispensers

o   Compact Cases

o   Jars

o   Pencils & Sticks

o   Tubers

o   Others (Blisters & Strip Packs, Aerosol Cans, etc.)

·       By End User

o   Women

o   Men

o   Kids

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How does geographical analysis highlight in the Vegan Cosmetics market?

·       By Region

o   North America

o   South America

o   Europe

o   The Middle East & Africa

o   Asia-Pacific

While Asia-Pacific is the fastest-growing market due to rising incomes and increased awareness in an evolving regulatory framework, North America is the leading region with approximately a 32% market share in the global vegan cosmetics industry.

Who are the Key Players in Vegan Cosmetics Market?

·       MuLondon, Beauty Without Cruelty, Nature’s Gat, Billy Gealousy, L’Oréal Groupe, Mo MI Beauty, Emma Jean Cosmetic Inc., Inika, Gabriel Cosmetic Inc., Groupe Rocher, Pacifica Beauty, E.l.f. Cosmetic Inc., Coty Inc., Kose Corp., Natura International Inc., MAV Beauty Brands Inc., The Estee Lauder Co. Inc., Lush Retail Ltd., Debenhams Plc., Charlotte Tilbury Beauty Ltd., and others.

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Vegan Cosmetics Market News

• October 2024: MAV Beauty Brands Inc. acquired Florida-based certified-organic personal care company Sky Organics LLC, bolstering its capabilities in clean, vegan formulations and strengthening its market presence.

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·       Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.

·       Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.

·       Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.

·       Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

"Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for MarkNtel Advisors.

Why This MarkNtel Advisors Research Report:

• In-depth Market Analysis: Understand trends and dynamics shaping growth.
• Segmented Insights: Target specific segments for focused strategies.
• Geographical Performance: Assess market opportunities by geographic area.
• Emerging Technologies: Discover advancements like AI integration.
• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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