Product Code: A16339
Vegan cosmetics are composed of chemical compounds produced from natural or synthetic sources that do not contain any animal-derived ingredients. Animal-derived substances include, honey, beeswax, lanolin, collagen, albumen, carmine, cholesterol, gelatin, and many others. Vegan cosmetics are also devoid of animal testing and cruelty. Vegan cosmetics are used to cleanse or protect the body or hair and are meant for personal care, skincare, face care, and hair care. Vegan cosmetics are used to improve or modify one's appearance (makeup) by hiding imperfections, accentuating natural features (such as brows and eyelashes), adding radiance to a person's face, or completely redefining the look.
In recent years, the cruelty-free (no animal testing), vegetarian (no byproducts of animal slaughter), and vegan (no animal components at all) cosmetics markets have expanded. Vegan cosmetics are chosen by customers because they are ethical in nature since vegan cosmetics are produced without the use of any animal components. Considering the medical benefits of vegan cosmetics on the skin, consumers gradually choose vegan cosmetics over non-vegan cosmetics. Furthermore, vegan cosmetics are believed to assist in decreasing skin damage caused by many environmental changes and growing pollution globally. For example, the anti-oxidants included in vegan cosmetics are naturally processed from plants and can aid to alleviate skin dryness. As a result of the benefits that consumers obtain from using these products, the demand for plant-based components increases, which also fuels the expansion of the vegan cosmetics market.
The cosmetics sector is fragmented because it is very competitive and saturated. Trade restrictions, strong competition, and an increase in demand for low-cost products are stifling the expansion of the vegan cosmetics market and leading the market's product quality to deteriorate. Small-scale business owners join the market, and because of the significant fluctuation in raw material costs, they employ low-quality raw materials to earn a good profit margin for themselves. On the other hand, items of a well-known brand are exorbitantly priced, and buyers are eager to find low-cost alternatives. The market is flooded with counterfeit items available at low prices as a result of the high demand for products from well-known brands. In recent years, counterfeit items have thoroughly permeated the market, harming the profitability of well-known businesses. The decline in product quality and the widespread availability of counterfeit items impede the growth of the global vegan cosmetics market.
The usage of emulsifiers also plays a major role in the manufacturing of cosmetics. Hence, vegan cosmetic manufacturers are aware of using vegan-based emulsifiers in their vegan cosmetics products. Vegan emulsifiers are costly as it takes more time to get extracted from the vegan sources and vegan emulsifiers take a longer period for emulsion which slows down the production process. The slow emulsion speed and high price force the vegan cosmetics manufacturers to increase the initial price of the cosmetics. On the other hand, clear labeling of vegan products provides a clear message to the consumers about the usage of ingredients which encourages them to go for vegan cosmetic products.
The vegan cosmetics market is segmented into product type, price point, gender, end user, sales channel, and region. On the basis of product type, the market is categorized into skincare, cosmetics, hair care, and others. On the basis of price point, it is divided into premium and economic. On the basis of gender, the market is segmented into women, men, and children. On the basis of end user, the market is divided into personal and commercial. By sales channel, the market is divided into hypermarkets/supermarkets, specialty stores, online channels, and others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Chile, South Africa, and rest of LAMEA).
The players operating in the global vegan cosmetics market have adopted various developmental strategies to expand their vegan cosmetics market share, increase profitability, and remain competitive in the market. The key players profiled in this report include: Amway Corporation, Estee Lauder Companies Inc., Groupe Rocher, L'Occitane Group, L'Oreal S.A., LVMH Group, MuLondon, Pacifica Beauty, Unilever, and Weleda.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vegan cosmetic market analysis from 2021 to 2031 to identify the prevailing vegan cosmetic market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the vegan cosmetics industry segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global vegan cosmetics market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Price Point
By Gender
By Product Type
- Skincare
- Cosmetics
- Haircare
- Others
By End User
By Distribution Channel
- Hypermarkets/supermarkets
- Specialty Stores
- Online Channels
- Others
By Region
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Chile
- South Africa
- Rest of LAMEA
- Key Market Players
- Amway Corporation
- Estee Lauder Companies Inc.
- Groupe Rocher
- L'Occitane Group
- L'Oreal S.A.
- LVMH Group
- MuLondon
- Pacifica Beauty
- Unilever plc
- Weleda
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
- 3.7.Pricing Analysis
- 3.8.Value Chain Analysis
- 3.9.Market Share Analysis
CHAPTER 4: VEGAN COSMETICS MARKET, BY PRODUCT TYPE
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Skincare
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 Cosmetics
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
- 4.4 Haircare
- 4.4.1 Key market trends, growth factors and opportunities
- 4.4.2 Market size and forecast, by region
- 4.4.3 Market analysis by country
- 4.5 Others
- 4.5.1 Key market trends, growth factors and opportunities
- 4.5.2 Market size and forecast, by region
- 4.5.3 Market analysis by country
CHAPTER 5: VEGAN COSMETICS MARKET, BY PRICE POINT
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Premium
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.3 Economic
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
CHAPTER 6: VEGAN COSMETICS MARKET, BY GENDER
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 Women
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
- 6.3 Men
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country
- 6.4 Children
- 6.4.1 Key market trends, growth factors and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market analysis by country
CHAPTER 7: VEGAN COSMETICS MARKET, BY END USER
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 Personal
- 7.2.1 Key market trends, growth factors and opportunities
- 7.2.2 Market size and forecast, by region
- 7.2.3 Market analysis by country
- 7.3 Commercial
- 7.3.1 Key market trends, growth factors and opportunities
- 7.3.2 Market size and forecast, by region
- 7.3.3 Market analysis by country
CHAPTER 8: VEGAN COSMETICS MARKET, BY DISTRIBUTION CHANNEL
- 8.1 Overview
- 8.1.1 Market size and forecast
- 8.2 Hypermarkets/supermarkets
- 8.2.1 Key market trends, growth factors and opportunities
- 8.2.2 Market size and forecast, by region
- 8.2.3 Market analysis by country
- 8.3 Specialty Stores
- 8.3.1 Key market trends, growth factors and opportunities
- 8.3.2 Market size and forecast, by region
- 8.3.3 Market analysis by country
- 8.4 Online Channels
- 8.4.1 Key market trends, growth factors and opportunities
- 8.4.2 Market size and forecast, by region
- 8.4.3 Market analysis by country
- 8.5 Others
- 8.5.1 Key market trends, growth factors and opportunities
- 8.5.2 Market size and forecast, by region
- 8.5.3 Market analysis by country
CHAPTER 9: VEGAN COSMETICS MARKET, BY REGION
- 9.1 Overview
- 9.1.1 Market size and forecast
- 9.2 North America
- 9.2.1 Key trends and opportunities
- 9.2.2 North America Market size and forecast, by Product Type
- 9.2.3 North America Market size and forecast, by Price Point
- 9.2.4 North America Market size and forecast, by Gender
- 9.2.5 North America Market size and forecast, by End User
- 9.2.6 North America Market size and forecast, by Distribution Channel
- 9.2.7 North America Market size and forecast, by country
- 9.2.7.1 U.S.
- 9.2.7.1.1 Market size and forecast, by Product Type
- 9.2.7.1.2 Market size and forecast, by Price Point
- 9.2.7.1.3 Market size and forecast, by Gender
- 9.2.7.1.4 Market size and forecast, by End User
- 9.2.7.1.5 Market size and forecast, by Distribution Channel
- 9.2.7.2 Canada
- 9.2.7.2.1 Market size and forecast, by Product Type
- 9.2.7.2.2 Market size and forecast, by Price Point
- 9.2.7.2.3 Market size and forecast, by Gender
- 9.2.7.2.4 Market size and forecast, by End User
- 9.2.7.2.5 Market size and forecast, by Distribution Channel
- 9.2.7.3 Mexico
- 9.2.7.3.1 Market size and forecast, by Product Type
- 9.2.7.3.2 Market size and forecast, by Price Point
- 9.2.7.3.3 Market size and forecast, by Gender
- 9.2.7.3.4 Market size and forecast, by End User
- 9.2.7.3.5 Market size and forecast, by Distribution Channel
- 9.3 Europe
- 9.3.1 Key trends and opportunities
- 9.3.2 Europe Market size and forecast, by Product Type
- 9.3.3 Europe Market size and forecast, by Price Point
- 9.3.4 Europe Market size and forecast, by Gender
- 9.3.5 Europe Market size and forecast, by End User
- 9.3.6 Europe Market size and forecast, by Distribution Channel
- 9.3.7 Europe Market size and forecast, by country
- 9.3.7.1 Germany
- 9.3.7.1.1 Market size and forecast, by Product Type
- 9.3.7.1.2 Market size and forecast, by Price Point
- 9.3.7.1.3 Market size and forecast, by Gender
- 9.3.7.1.4 Market size and forecast, by End User
- 9.3.7.1.5 Market size and forecast, by Distribution Channel
- 9.3.7.2 France
- 9.3.7.2.1 Market size and forecast, by Product Type
- 9.3.7.2.2 Market size and forecast, by Price Point
- 9.3.7.2.3 Market size and forecast, by Gender
- 9.3.7.2.4 Market size and forecast, by End User
- 9.3.7.2.5 Market size and forecast, by Distribution Channel
- 9.3.7.3 U.K.
- 9.3.7.3.1 Market size and forecast, by Product Type
- 9.3.7.3.2 Market size and forecast, by Price Point
- 9.3.7.3.3 Market size and forecast, by Gender
- 9.3.7.3.4 Market size and forecast, by End User
- 9.3.7.3.5 Market size and forecast, by Distribution Channel
- 9.3.7.4 Italy
- 9.3.7.4.1 Market size and forecast, by Product Type
- 9.3.7.4.2 Market size and forecast, by Price Point
- 9.3.7.4.3 Market size and forecast, by Gender
- 9.3.7.4.4 Market size and forecast, by End User
- 9.3.7.4.5 Market size and forecast, by Distribution Channel
- 9.3.7.5 Spain
- 9.3.7.5.1 Market size and forecast, by Product Type
- 9.3.7.5.2 Market size and forecast, by Price Point
- 9.3.7.5.3 Market size and forecast, by Gender
- 9.3.7.5.4 Market size and forecast, by End User
- 9.3.7.5.5 Market size and forecast, by Distribution Channel
- 9.3.7.6 Rest of Europe
- 9.3.7.6.1 Market size and forecast, by Product Type
- 9.3.7.6.2 Market size and forecast, by Price Point
- 9.3.7.6.3 Market size and forecast, by Gender
- 9.3.7.6.4 Market size and forecast, by End User
- 9.3.7.6.5 Market size and forecast, by Distribution Channel
- 9.4 Asia-Pacific
- 9.4.1 Key trends and opportunities
- 9.4.2 Asia-Pacific Market size and forecast, by Product Type
- 9.4.3 Asia-Pacific Market size and forecast, by Price Point
- 9.4.4 Asia-Pacific Market size and forecast, by Gender
- 9.4.5 Asia-Pacific Market size and forecast, by End User
- 9.4.6 Asia-Pacific Market size and forecast, by Distribution Channel
- 9.4.7 Asia-Pacific Market size and forecast, by country
- 9.4.7.1 China
- 9.4.7.1.1 Market size and forecast, by Product Type
- 9.4.7.1.2 Market size and forecast, by Price Point
- 9.4.7.1.3 Market size and forecast, by Gender
- 9.4.7.1.4 Market size and forecast, by End User
- 9.4.7.1.5 Market size and forecast, by Distribution Channel
- 9.4.7.2 Japan
- 9.4.7.2.1 Market size and forecast, by Product Type
- 9.4.7.2.2 Market size and forecast, by Price Point
- 9.4.7.2.3 Market size and forecast, by Gender
- 9.4.7.2.4 Market size and forecast, by End User
- 9.4.7.2.5 Market size and forecast, by Distribution Channel
- 9.4.7.3 India
- 9.4.7.3.1 Market size and forecast, by Product Type
- 9.4.7.3.2 Market size and forecast, by Price Point
- 9.4.7.3.3 Market size and forecast, by Gender
- 9.4.7.3.4 Market size and forecast, by End User
- 9.4.7.3.5 Market size and forecast, by Distribution Channel
- 9.4.7.4 Australia
- 9.4.7.4.1 Market size and forecast, by Product Type
- 9.4.7.4.2 Market size and forecast, by Price Point
- 9.4.7.4.3 Market size and forecast, by Gender
- 9.4.7.4.4 Market size and forecast, by End User
- 9.4.7.4.5 Market size and forecast, by Distribution Channel
- 9.4.7.5 South Korea
- 9.4.7.5.1 Market size and forecast, by Product Type
- 9.4.7.5.2 Market size and forecast, by Price Point
- 9.4.7.5.3 Market size and forecast, by Gender
- 9.4.7.5.4 Market size and forecast, by End User
- 9.4.7.5.5 Market size and forecast, by Distribution Channel
- 9.4.7.6 Rest of Asia-Pacific
- 9.4.7.6.1 Market size and forecast, by Product Type
- 9.4.7.6.2 Market size and forecast, by Price Point
- 9.4.7.6.3 Market size and forecast, by Gender
- 9.4.7.6.4 Market size and forecast, by End User
- 9.4.7.6.5 Market size and forecast, by Distribution Channel
- 9.5 LAMEA
- 9.5.1 Key trends and opportunities
- 9.5.2 LAMEA Market size and forecast, by Product Type
- 9.5.3 LAMEA Market size and forecast, by Price Point
- 9.5.4 LAMEA Market size and forecast, by Gender
- 9.5.5 LAMEA Market size and forecast, by End User
- 9.5.6 LAMEA Market size and forecast, by Distribution Channel
- 9.5.7 LAMEA Market size and forecast, by country
- 9.5.7.1 Brazil
- 9.5.7.1.1 Market size and forecast, by Product Type
- 9.5.7.1.2 Market size and forecast, by Price Point
- 9.5.7.1.3 Market size and forecast, by Gender
- 9.5.7.1.4 Market size and forecast, by End User
- 9.5.7.1.5 Market size and forecast, by Distribution Channel
- 9.5.7.2 Argentina
- 9.5.7.2.1 Market size and forecast, by Product Type
- 9.5.7.2.2 Market size and forecast, by Price Point
- 9.5.7.2.3 Market size and forecast, by Gender
- 9.5.7.2.4 Market size and forecast, by End User
- 9.5.7.2.5 Market size and forecast, by Distribution Channel
- 9.5.7.3 Chile
- 9.5.7.3.1 Market size and forecast, by Product Type
- 9.5.7.3.2 Market size and forecast, by Price Point
- 9.5.7.3.3 Market size and forecast, by Gender
- 9.5.7.3.4 Market size and forecast, by End User
- 9.5.7.3.5 Market size and forecast, by Distribution Channel
- 9.5.7.4 South Africa
- 9.5.7.4.1 Market size and forecast, by Product Type
- 9.5.7.4.2 Market size and forecast, by Price Point
- 9.5.7.4.3 Market size and forecast, by Gender
- 9.5.7.4.4 Market size and forecast, by End User
- 9.5.7.4.5 Market size and forecast, by Distribution Channel
- 9.5.7.5 Rest of LAMEA
- 9.5.7.5.1 Market size and forecast, by Product Type
- 9.5.7.5.2 Market size and forecast, by Price Point
- 9.5.7.5.3 Market size and forecast, by Gender
- 9.5.7.5.4 Market size and forecast, by End User
- 9.5.7.5.5 Market size and forecast, by Distribution Channel
CHAPTER 10: COMPANY LANDSCAPE
- 10.1. Introduction
- 10.2. Top winning strategies
- 10.3. Product Mapping of Top 10 Player
- 10.4. Competitive Dashboard
- 10.5. Competitive Heatmap
- 10.6. Key developments
CHAPTER 11: COMPANY PROFILES
- 11.1 Amway Corporation
- 11.1.1 Company overview
- 11.1.2 Company snapshot
- 11.1.3 Operating business segments
- 11.1.4 Product portfolio
- 11.1.5 Business performance
- 11.1.6 Key strategic moves and developments
- 11.2 Estee Lauder Companies Inc.
- 11.2.1 Company overview
- 11.2.2 Company snapshot
- 11.2.3 Operating business segments
- 11.2.4 Product portfolio
- 11.2.5 Business performance
- 11.2.6 Key strategic moves and developments
- 11.3 Groupe Rocher
- 11.3.1 Company overview
- 11.3.2 Company snapshot
- 11.3.3 Operating business segments
- 11.3.4 Product portfolio
- 11.3.5 Business performance
- 11.3.6 Key strategic moves and developments
- 11.4 L'Occitane Group
- 11.4.1 Company overview
- 11.4.2 Company snapshot
- 11.4.3 Operating business segments
- 11.4.4 Product portfolio
- 11.4.5 Business performance
- 11.4.6 Key strategic moves and developments
- 11.5 L'Oreal S.A.
- 11.5.1 Company overview
- 11.5.2 Company snapshot
- 11.5.3 Operating business segments
- 11.5.4 Product portfolio
- 11.5.5 Business performance
- 11.5.6 Key strategic moves and developments
- 11.6 LVMH Group
- 11.6.1 Company overview
- 11.6.2 Company snapshot
- 11.6.3 Operating business segments
- 11.6.4 Product portfolio
- 11.6.5 Business performance
- 11.6.6 Key strategic moves and developments
- 11.7 MuLondon
- 11.7.1 Company overview
- 11.7.2 Company snapshot
- 11.7.3 Operating business segments
- 11.7.4 Product portfolio
- 11.7.5 Business performance
- 11.7.6 Key strategic moves and developments
- 11.8 Pacifica Beauty
- 11.8.1 Company overview
- 11.8.2 Company snapshot
- 11.8.3 Operating business segments
- 11.8.4 Product portfolio
- 11.8.5 Business performance
- 11.8.6 Key strategic moves and developments
- 11.9 Unilever plc
- 11.9.1 Company overview
- 11.9.2 Company snapshot
- 11.9.3 Operating business segments
- 11.9.4 Product portfolio
- 11.9.5 Business performance
- 11.9.6 Key strategic moves and developments
- 11.10 Weleda
- 11.10.1 Company overview
- 11.10.2 Company snapshot
- 11.10.3 Operating business segments
- 11.10.4 Product portfolio
- 11.10.5 Business performance
- 11.10.6 Key strategic moves and developments