Product Code: IRTNTR44406
Vegan Cosmetics Market 2024-2028
The vegan cosmetics market is forecasted to grow by USD 6521.5 mn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the vegan cosmetics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing preference for vegan cosmetics from consumers, growth of cosmetic industry, and promotional and marketing strategies employed by vegan cosmetics vendors.
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.23% |
CAGR | 6.78% |
Incremental Value | $6521.5 mn |
Technavio's vegan cosmetics market is segmented as below:
By Distribution Channel
By Type
- Skin care
- Hair care
- Cosmetics
- Others
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the increase in strategic acquisitions and investments as one of the prime reasons driving the vegan cosmetics market growth during the next few years. Also, introduction of vegan cosmetic products and growth of e-commerce will lead to sizable demand in the market.
The report on the vegan cosmetics market covers the following areas:
- Vegan cosmetics market sizing
- Vegan cosmetics market forecast
- Vegan cosmetics market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading vegan cosmetics market vendors that include Coty Inc., Debenhams Plc, e.l.f. Beauty Inc, Kose Corp., LOreal SA, Lush Retail Ltd., MAV Beauty Brands Inc, Milk Makeup LLC, MO MI by Modern Minerals Inc., Natura International Inc., New Earth Beauty LLC, New Milani Group LLC, Pacifica Beauty LLC, PHB Ethical Beauty Ltd., PUIG S.L., The Estee Lauder Companies Inc., Unilever PLC, and Yes To Inc.. Also, the vegan cosmetics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Vegan Cosmetics Market 2018 - 2022
- Historic Market Size - Data Table on Global Vegan Cosmetics Market 2018 - 2022 ($ million)
- 4.2 Distribution Channel segment analysis 2018 - 2022
- Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
- 4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Distribution Channel
- 6.1 Market segments
- Chart on Distribution Channel - Market share 2023-2028 (%)
- Data Table on Distribution Channel - Market share 2023-2028 (%)
- 6.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
- 6.3 Offline - Market size and forecast 2023-2028
- Chart on Offline - Market size and forecast 2023-2028 ($ million)
- Data Table on Offline - Market size and forecast 2023-2028 ($ million)
- Chart on Offline - Year-over-year growth 2023-2028 (%)
- Data Table on Offline - Year-over-year growth 2023-2028 (%)
- 6.4 Online - Market size and forecast 2023-2028
- Chart on Online - Market size and forecast 2023-2028 ($ million)
- Data Table on Online - Market size and forecast 2023-2028 ($ million)
- Chart on Online - Year-over-year growth 2023-2028 (%)
- Data Table on Online - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ million)
- Data Table on Market opportunity by Distribution Channel ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 7.3 Skin care - Market size and forecast 2023-2028
- Chart on Skin care - Market size and forecast 2023-2028 ($ million)
- Data Table on Skin care - Market size and forecast 2023-2028 ($ million)
- Chart on Skin care - Year-over-year growth 2023-2028 (%)
- Data Table on Skin care - Year-over-year growth 2023-2028 (%)
- 7.4 Hair care - Market size and forecast 2023-2028
- Chart on Hair care - Market size and forecast 2023-2028 ($ million)
- Data Table on Hair care - Market size and forecast 2023-2028 ($ million)
- Chart on Hair care - Year-over-year growth 2023-2028 (%)
- Data Table on Hair care - Year-over-year growth 2023-2028 (%)
- 7.5 Cosmetics - Market size and forecast 2023-2028
- Chart on Cosmetics - Market size and forecast 2023-2028 ($ million)
- Data Table on Cosmetics - Market size and forecast 2023-2028 ($ million)
- Chart on Cosmetics - Year-over-year growth 2023-2028 (%)
- Data Table on Cosmetics - Year-over-year growth 2023-2028 (%)
- 7.6 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.7 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.11 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 9.12 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 Coty Inc.
- Coty Inc. - Overview
- Coty Inc. - Business segments
- Coty Inc. - Key news
- Coty Inc. - Key offerings
- Coty Inc. - Segment focus
- 12.4 Debenhams Plc
- Debenhams Plc - Overview
- Debenhams Plc - Product / Service
- Debenhams Plc - Key offerings
- 12.5 e.l.f. Beauty Inc
- e.l.f. Beauty Inc - Overview
- e.l.f. Beauty Inc - Product / Service
- e.l.f. Beauty Inc - Key offerings
- 12.6 Kose Corp.
- Kose Corp. - Overview
- Kose Corp. - Product / Service
- Kose Corp. - Key offerings
- 12.7 LOreal SA
- LOreal SA - Overview
- LOreal SA - Business segments
- LOreal SA - Key news
- LOreal SA - Key offerings
- LOreal SA - Segment focus
- 12.8 Lush Retail Ltd.
- Lush Retail Ltd. - Overview
- Lush Retail Ltd. - Product / Service
- Lush Retail Ltd. - Key offerings
- 12.9 MAV Beauty Brands Inc
- MAV Beauty Brands Inc - Overview
- MAV Beauty Brands Inc - Product / Service
- MAV Beauty Brands Inc - Key offerings
- 12.10 Milk Makeup LLC
- Milk Makeup LLC - Overview
- Milk Makeup LLC - Product / Service
- Milk Makeup LLC - Key offerings
- 12.11 MO MI by Modern Minerals Inc.
- MO MI by Modern Minerals Inc. - Overview
- MO MI by Modern Minerals Inc. - Product / Service
- MO MI by Modern Minerals Inc. - Key offerings
- 12.12 Natura International Inc.
- Natura International Inc. - Overview
- Natura International Inc. - Product / Service
- Natura International Inc. - Key offerings
- 12.13 New Earth Beauty LLC
- New Earth Beauty LLC - Overview
- New Earth Beauty LLC - Product / Service
- New Earth Beauty LLC - Key offerings
- 12.14 New Milani Group LLC
- New Milani Group LLC - Overview
- New Milani Group LLC - Product / Service
- New Milani Group LLC - Key offerings
- 12.15 Pacifica Beauty LLC
- Pacifica Beauty LLC - Overview
- Pacifica Beauty LLC - Product / Service
- Pacifica Beauty LLC - Key offerings
- 12.16 PUIG S.L.
- PUIG S.L. - Overview
- PUIG S.L. - Product / Service
- PUIG S.L. - Key offerings
- 12.17 The Estee Lauder Companies Inc.
- The Estee Lauder Companies Inc. - Overview
- The Estee Lauder Companies Inc. - Product / Service
- The Estee Lauder Companies Inc. - Key news
- The Estee Lauder Companies Inc. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations