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Vegan Cosmetics Market Outlook: Key Drivers and Industry Growth Projections 2030

01-16-2025 11:41 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Vegan Cosmetics Market

Vegan Cosmetics Market

๐•๐ž๐ ๐š๐ง ๐‚๐จ๐ฌ๐ฆ๐ž๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ: ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ, ๐“๐ซ๐ž๐ง๐๐ฌ, ๐š๐ง๐ ๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

The global vegan cosmetics market is experiencing exponential growth, fueled by the rising demand for cruelty-free, plant-based beauty products. In 2023, the market was valued at US$ 20.18 Bn. and is projected to grow at a CAGR of 6.21% from 2024 to 2030, reaching US$ 30.77 Bn.by the end of the forecast period.

๐•๐ž๐ ๐š๐ง ๐‚๐จ๐ฌ๐ฆ๐ž๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam is emerging as a growing market for vegan cosmetics, driven by increasing awareness of ethical beauty and sustainability. International brands like ๐‹๐ฎ๐ฌ๐ก and ๐“๐ก๐ž ๐๐จ๐๐ฒ ๐’๐ก๐จ๐ฉ are collaborating with local retailers to expand their footprint. The market saw a 12% growth in 2023, attributed to growing consumer preference for vegan skincare and makeup products.

๐•๐ž๐ ๐š๐ง ๐‚๐จ๐ฌ๐ฆ๐ž๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand's vibrant beauty industry is witnessing a shift towards vegan cosmetics, supported by the government's promotion of sustainable products. Local brands like ๐Ž๐ซ๐ข๐ž๐ง๐ญ๐š๐ฅ ๐๐ซ๐ข๐ง๐œ๐ž๐ฌ๐ฌ are launching vegan-friendly product lines to cater to this demand. Thailand's vegan cosmetics market is expected to grow at a CAGR of 8.1% during the forecast period, driven by increasing tourist demand for cruelty-free beauty products.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐ž๐ž๐ค ๐ข๐ง๐ฌ๐ข๐๐ž? ๐†๐ซ๐š๐› ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/20003/

๐•๐ž๐ ๐š๐ง ๐‚๐จ๐ฌ๐ฆ๐ž๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's vegan cosmetics market is thriving due to the country's focus on high-quality and innovative beauty products. Leading brands like ๐’๐ก๐ข๐ฌ๐ž๐ข๐๐จ and ๐ƒ๐‡๐‚ are incorporating plant-based ingredients into their formulations. Online platforms have made it easier for Japanese consumers to access international vegan cosmetics, contributing to a 9% rise in sales in 2023.

๐•๐ž๐ ๐š๐ง ๐‚๐จ๐ฌ๐ฆ๐ž๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‚๐ก๐ข๐ง๐š

China's vegan cosmetics market is undergoing rapid consolidation as regulatory changes favor cruelty-free products. Major companies like ๐„๐ฌ๐ญรฉ๐ž ๐‹๐š๐ฎ๐๐ž๐ซ and ๐๐ซ๐จ๐œ๐ญ๐ž๐ซ & ๐†๐š๐ฆ๐›๐ฅ๐ž have announced partnerships with local manufacturers to meet the growing demand. In 2024, the government's updated regulations on animal testing are expected to further boost the market's growth.

๐•๐ž๐ ๐š๐ง ๐‚๐จ๐ฌ๐ฆ๐ž๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's vegan cosmetics market is evolving with a focus on K-beauty trends that emphasize sustainability and cruelty-free practices. Brands like ๐€๐ฆ๐จ๐ซ๐ž๐ฉ๐š๐œ๐ข๐Ÿ๐ข๐œ are leading the way with innovative vegan product launches. South Korea's exports of vegan beauty products grew by 15% in 2023, reflecting the global appeal of its cosmetics.

๐•๐ž๐ ๐š๐ง ๐‚๐จ๐ฌ๐ฆ๐ž๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore, known for its cosmopolitan beauty market, is seeing a surge in vegan cosmetics demand. Global brands like ๐“๐š๐ซ๐ญ๐ž ๐‚๐จ๐ฌ๐ฆ๐ž๐ญ๐ข๐œ๐ฌ and ๐‚๐จ๐ฏ๐ž๐ซ ๐…๐— are expanding their presence in the region. In 2023, Singapore's vegan cosmetics market grew by 10%, supported by the rising popularity of clean beauty products among younger consumers.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž @https://www.maximizemarketresearch.com/request-sample/20003/

๐•๐ž๐ ๐š๐ง ๐‚๐จ๐ฌ๐ฆ๐ž๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

The US remains a leader in the vegan cosmetics market, accounting for over 35% of global revenue in 2023. Companies like ๐ž.๐ฅ.๐Ÿ. ๐‚๐จ๐ฌ๐ฆ๐ž๐ญ๐ข๐œ๐ฌ and ๐๐š๐œ๐ข๐Ÿ๐ข๐œ๐š are driving growth through innovative marketing and product diversification. Mergers and acquisitions, such as L'Orรฉal's acquisition of cruelty-free brands, are shaping the competitive landscape.

๐•๐ž๐ ๐š๐ง ๐‚๐จ๐ฌ๐ฆ๐ž๐ญ๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's vegan cosmetics market is characterized by stringent regulations and a strong consumer preference for ethical products. Countries like Germany, the UK, and France are leading the market, with brands like ๐‚๐ก๐š๐ซ๐ฅ๐จ๐ญ๐ญ๐ž ๐“๐ข๐ฅ๐›๐ฎ๐ซ๐ฒ and ๐‘๐Œ๐’ ๐๐ž๐š๐ฎ๐ญ๐ฒ gaining traction. The market's growth is supported by initiatives such as the European Green Deal, promoting sustainable production practices.

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ :https://www.maximizemarketresearch.com/request-sample/20003/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ

Skin Care
Hair Care
Makeup
Others

๐›๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž๐ซ

Premium
Economic

๐›๐ฒ ๐„๐ง๐ ๐”๐ฌ๐ž๐ซ

Men
Women
Children

๐›๐ฒ ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ

E-commerce
Hypermarket/Supermarket
Specialty Stores
Others

With a significant contribution of more than 35.7%, the specialized retailers controlled the distribution routes. Offering a wide range of products, including vegan cosmetics, is a top priority for these stores, giving consumers plenty of options from different companies. By offering discounts and coupons as incentives for purchases, they promote foot traffic. Together, the supermarkets and hypermarkets control a substantial portion of the market. These expansive retail stores provide a wide range of beauty products in one handy place. They support the expansion of the vegan cosmetics market by strategically placing themselves close to residential areas, which guarantees quick access to a variety of products, including vegan cosmetics.

๐†๐ž๐ญ ๐š ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.maximizemarketresearch.com/market-report/global-vegan-cosmetics-market/20003/

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š
1. Zuzu Luxe (United States)
2. Ecco Bella (United States)
3. Bare Blossom (United States)
4. Emma Jean Cosmetics (United States)
5. Urban Decay (United States)
6. Arbonne (Irvine, California, United States)
7. Pacifica (United States)
8. Nature's Gate (United States)
9. Beauty Without Cruelty (BWC) (United States)
10. Billy Jealousy (United States)
11. Estee Lauder (New York, United States)
12. Johnson & Johnson (New Jersey, United States)
13. Coty (New York, United States)
14. P&G (Procter & Gamble) (Cincinnati, Ohio, United States)
15. Gabriel Cosmetics (United States)

๐„๐ฎ๐ซ๐จ๐ฉ๐ž
16. Beiersdorf (Hamburg, Germany)
17. L'Orรฉal SA (Paris, France)
18. Groupe Rocher (France)
19. MuLondon (United Kingdom)

๐€๐ฌ๐ข๐š ๐๐š๐œ๐ข๐Ÿ๐ข๐œ
20. Cosmax Inc (South Korea)
21. Inika Organic
22. Ere Perez
23. Others

๐’๐จ๐ฎ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š ๐š๐ง๐ ๐Œ๐„๐€
24. Natura (Sรฃo Paulo, Brazil)
25. Grupo Boticario (Brazil)
26. Others

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ Floriculture Market https://www.maximizemarketresearch.com/market-report/global-floriculture-market/23982/

โ™ฆ Global Washing Machine Market https://www.maximizemarketresearch.com/market-report/washing-machine-market/14800/

โ™ฆ Fruit Fillings Market https://www.maximizemarketresearch.com/market-report/fruit-fillings-market/198740/

โ™ฆ Diamond Core Drilling Market https://www.maximizemarketresearch.com/market-report/diamond-core-drilling-market/199099/

โ™ฆ Global Frozen Bakery Market https://www.maximizemarketresearch.com/market-report/global-frozen-bakery-market/23735/

โ™ฆ Global Lemon Extract Market https://www.maximizemarketresearch.com/market-report/global-lemon-extract-market/27793/

โ™ฆ Global Optical Sorter Market https://www.maximizemarketresearch.com/market-report/global-optical-sorter-market/73696/

โ™ฆ Endoscopic Spinal Surgery Market https://www.maximizemarketresearch.com/market-report/global-endoscopic-spinal-surgery-market/80247/

โ™ฆ Global Voice over Internet Protocol (VoIP) Market https://www.maximizemarketresearch.com/market-report/global-voice-over-internet-protocol-voip-market/55029/

โ™ฆ Global Frozen Bakery Market https://www.maximizemarketresearch.com/market-report/global-frozen-bakery-market/23735/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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Infrared sensors are devices emitting, detecting, receiving infrared waves as heat and infrared radiation. However, there are only a few among these sensors which are capable of only receiving the waves. Most of the infrared detectors are coated with either Fresnel lenses or parabolic mirrors for receiving infrared waves from an entire area. As these waves reach the sensor, it generates a voltage in different waves that is used forโ€ฆ
11-19-2018 | Advertising, Media Consulting, โ€ฆ
Research Report Insights
Internet of Things Market 2021 | Google Inc. (United States), Cisco Systems Inc. โ€ฆ
The Internet of Things refers to the network of physical objects that attribute an IP address for Internet connectivity. Internet of Things is defined as an invisible and intelligent network of things that communicate indirectly or directly with each other. Internets of Things enable communication between the physical objects and other internet-enabled systems and devices. In addition, Internet of Things also makes the life of consumers much more comfortable andโ€ฆ
11-13-2018 | Industry, Real Estate & Constr โ€ฆ
MRRSE
Logistics Market | Global Growing Industry Key Players - J.B. Hunt Transport Ser โ€ฆ
Market Research Reports Search Engine (MRRSE) has recently updated its massive research catalog by adding a new study, titled โ€œLogistics Marketโ€. The study offers a clear insight about the prevailing trends and innovations happening in the Logistics Market. Readers can further access details about research highlights and executive summary to gain a better idea about this assessment. The market overview covers key industry developments and market opportunity map during theโ€ฆ
09-07-2018 | Business, Economy, Finances, B โ€ฆ
Market Research Reports Search Engine - MRRSE
Global Logistics Market 2024 | Key Players : J.B. Hunt Transport Services (Unite โ€ฆ
A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled โ€œLogistics Market โ€“ Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 โ€“ 2024โ€ which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. Request for a sample of this research report @ https://www.mrrse.com/sample/2184 Logistics isโ€ฆ