Global Vegan Cosmetics Market is valued approximately USD 14530 million in 2019 and is anticipated to grow with a healthy growth rate of more than 6.4 % over the forecast period 2020-2027.
Vegan Cosmetics are personal care products that do not contain any animal products or animal derived ingredients. The vegan cosmetics comprises of a extensive range of products such as makeup products hair care and skin care which are suitable for all skin types. Most of the vegan cosmetics come with sustainable packaging and properly labelled ingredients. Vegan Cosmetics gives a healthier look and reduces the chances of skin allergies while maintaining the sustainability of the environment. The expanding demand for personal care products along with increasing awareness for natural and plant based products drives the market growth.
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As per the Cosmos and Soil Association, in UK the sales of health and beauty products amounted to USD 67.61 million in 2016 which increased to USD 83.85 million by 24% and to USD 95.56 million in 2018 with a total of more than 10 thousand certified organic and natural products across the 794 brands in the UK. Also, the swelling Halal cosmetics market specially in the Muslim countries fuels the market growth. Moreover, increasing awareness regarding Veganism and growing number of Vegans across the globe create a potential market base for Vegan Cosmetics. Further, the positively growing Clean Beauty trend supports the market growth. Additionally, establishment of Certification bodies and authorities which validate the vegan cosmetics fosters the demand for Vegan cosmetics. However, higher costs impede the growth of the market over the forecast period of 2020-2027. Although, increasing environment concerns presents a lucrative opportunity for the market.
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The regional analysis of global Vegan Cosmetics market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the higher vegan population and swelling demand for natural and organic products. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly growing halal cosmetics would create lucrative growth prospects for the Vegan Cosmetics market across Asia-Pacific region.
Major market player included in this report are:
Wet n Wild
Kat Von D Beauty
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
By Packaging Type:
Pumps & Dispensers
Pencils and Sticks
By Consumer Orientation:
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Rest of the World
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
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This report provides a comprehensive analysis of leading competitors in the market.
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