Vegan Cosmetics Market by Product Type (Skin Care, Hair Care, Makeup, and Others), By Sales Channel (E-commerce, Hypermarket/Supermarket, Departmental Stores, Specialty Stores, and Others), and By Region (North America, Latin America, Europe, Middle East, Asia-Pacific, and Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI19819 | Publish Date: July 2023 | No. of Pages: 168

Global Vegan Cosmetics Market By Overview

Introduction:

Vegan product is a product that does not contain any animal ingredients or animal-derived ingredients. It also means that ingredients/components as well as final product is free from animal testing, since these tests are often painful and cause the suffering and death of millions of animals every year.

Global Vegan Cosmetics Market By Dynamics

Growing appetite for natural, cruelty-free beauty, and personal care products, combined with growing consumer awareness regarding cosmetics animal testing and increasing environmental awareness are major key factors driving growth of the global vegan cosmetics market. Increasing acceptance of vegan lifestyles among millennial, rising awareness about beneficial properties, and characteristics of naturally-derived products through social media and beauty blogs is attracting to the consumers, which is likely to contribute to the growth of global vegan cosmetics market in the near future.

Additional factors such as introduction of regulations on animal testing from government authorities, increasing research and development activities and innovation in plant and mineral based ingredients are anticipated to help the target market in order to gain tremendous traction in the near future. However, increasing bargaining power of the consumers, coupled with the rising demand for the high quality products at low costs are key factors expected to restrain growth of the target market over the forecast period.

Global Vegan Cosmetics Market By Segmentation

Vegan cosmetics market has been segmented into product type, sales channel, and region.

On the basis of product type, global vegan cosmetics market has been bifurcated into skin care, hair care, makeup, and others. Based on sales channel, target market is classified into e-commerce, hypermarket/supermarket, departmental stores, specialty stores, and others. E-commerce retail spaces have gained tremendous momentum over the last few years attributing to ease of product selection and easy order placing as well as delivery.

 Regional Insights:

Based on region, global vegan cosmetics market is segmented into North America, Latin America, Europe, Middle East, Asia-Pacific, and Africa. Currently, North America region is leading the target market which is followed by market of Europe and Asia-Pacific regions. Vegan cosmetics market is projected to to continue to grow in North America throughout the forecast period. European vegan cosmetics market is also witnessing growth from last few years. Asia Pacific region, specifically China and Japan, are expected to witness increased demand for cruelty-free products like makeup, skincare, sun care, and hair products in the near future.

 

Global Vegan Cosmetics Market By Key Players

Key players operating in the global vegan cosmetics market include Ecco Bella, Bare Blossom, Zuzu Luxe, Modern Minerals Makeup, Urban Decay, Beauty without Cruelty, MuLondon Organic, Arbonne, Emma Jean Cosmetics, and Billy Jealousy.

Global Vegan Cosmetics Market By Table of Contents

 

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
    • PORTER’s
    • Investment Outlook
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Vegan Cosmetics Strategies
      • Key Questions this Study will Answer
        • By Product Type (Skin Care, Hair Care, Makeup, and Others)

        • By Sales Channel (E-commerce, Hypermarket/Supermarket, Departmental Stores, Specialty Stores, and Others)

        • By Region (North America, Latin America, Europe, Middle East, Asia-Pacific, and Africa)

    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Overview
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
    • Y-o-Y Growth Analysis (%), 2020 – 2030
    • Regional Trends
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Regional Analysis
    • Regional Revenue Analysis
    • Regional By segment Analysis
    • Reasons for regional growth
    • Key Player of particular region
    • Countries Include in the report:
      • North America (U.S., Canada)
      • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
      • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
      • Latin America (Brazil, Mexico, Rest of Latin America)
      • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
    • Competitive Overview
    • Competitive Benchmarking
    • Market Share Analysis
    • Key Developments In The Global Vegan Cosmetics Market
    • Key Developments: Mergers & Acquisitions
    • Key Developments: Collaboration
    • Key Developments: Contracts & Agreements
    • Key Developments: Expansion
    • Key Developments: Product Developments
  2. Company Profiles

 

  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
  • SWOT Analysis
  • Key players operating in the global vegan cosmetics market include Ecco Bella, Bare Blossom, Zuzu Luxe, Modern Minerals Makeup, Urban Decay, Beauty without Cruelty, MuLondon Organic, Arbonne, Emma Jean Cosmetics, and Billy Jealousy.

  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Global Vegan Cosmetics market is segmented into basis of product type, distribution channel, and region.

The use of animal products such as hair, fur, and other similar items is prohibited. As a result, the market's growth is expected to accelerate.

By region, The European region has witnessed an increasing demand for natural and organic products due to the rise in consumer awareness about the harmful effects of certain compounds, such as paraben and aluminum compounds present in skincare, hair care, and deodorants.

The Key players operating in the global Vegan Cosmetics market include Ecco Bella, Bare Blossom, Zuzu Luxe, Modern Minerals Makeup, Urban Decay, Beauty without Cruelty, MuLondon Organic, Arbonne, Emma Jean Cosmetics, and Billy Jealousy.