Vegan Cosmetics Market – Overview

Vegan cosmetics are manufactured without causing any harm to animals. Naturally, these products do not contain any kind of animal-derived elements or ingredients. In majority of the cases organic and plant-based ingredients are the key components of such vegan cosmetic products. These products include elements such as vitamins, collage, minerals, gelatin, honey, and antioxidants among others. The global market for vegan cosmetics is expected to achieve promising growth in the coming years of the forecast period with the growing trend of veganism among global population.

Vegan Cosmetics Market – Notable Developments

Some of the key developments in the global vegan cosmetics market are given below:

  • In their recent study, Soil Association Certification reported that the overall launch rate of the vegan beauty care product rose by nearly 175% in the period of July 2013 to June 2018.
  • Recently, the State Assembly of the US unanimously passed an act called Cruelty-free Cosmetics Act (SB 1249). This new bill will restrict the sale of cosmetics and other beauty care products that have animals as test subjects. This law will come into effect from January 1 2020. The violators will face hefty charges such as US$5000 with more US$1000 per day till the time the violation is dissolved.
  • In August 2018, L’Oréal announced that the company has successfully taken over Logocos Naturkosmetik, a German beauty brand that sells vegan and organic beauty products.  

To understand how our report can bring difference to your business strategy, Ask for a brochure

Vegan Cosmetics Market – Drivers and Restraints

One of the biggest driving factor for the growth of the global vegan cosmetics market is the recent surge of the population adopting vegan diet and approach in their lives. As the number of people who follow strict veganism grow, naturally, the growth of the vegan cosmetics market will have a positive development.

In addition to this, several governments across the globe are implanting strict guidelines and are issuing regulations about the animal testing. Moreover, growing preference towards using organic and plant-based personal care and beauty products is also helping to drive the growth of the global vegan cosmetics market.

Another important driving factor for the growth of the global vegan cosmetics market is the growing research and development activities to provide more efficient and reliable products. The R&D activities are driven by the evolving needs of the consumers and thus in the end are helping to drive the growth of the global market.

Stuck in a neck-to-neck competition with other brands? Request a custom report on “Vegan Cosmetics”

Vegan Cosmetics Market – Geographical Outlook

The global vegan cosmetics market has five important geographical regions that provide a better understanding of its overall working dynamics. These regions are Asia Pacific, North America, Middle East and Africa, Latin America, and Europe. Of these, currently the global vegan cosmetics market has been dominated by the North America region. The region is expected to continue to offer a significant contribution over the course of the given forecast period of 2019 to 2027. The growth of the regional market is mainly attributed to the growing trend of veganism among the considerable sections of the population. Teens and young adults in particular are more drawn towards these upcoming trends and are thus contributing in the development of the North America market for vegan cosmetics. Another important factor for the growth of the vegan cosmetics market in North America is due to the presence of several key product manufacturers in the region. This has eased the availability of wide range of products in the regional market and also encourage innovative and new products to cater to the evolving demands. Such factors are thus responsible for driving the growth of the North America market for vegan cosmetics.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Vegan Cosmetics Market

Pre Book