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

𝐕𝐞𝐠𝐚𝐧 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬, 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐚𝐧𝐝 𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

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.

𝐕𝐞𝐠𝐚𝐧 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam is emerging as a growing market for vegan cosmetics, driven by increasing awareness of ethical beauty and sustainability. International brands like 𝐋𝐮𝐬𝐡 and 𝐓𝐡𝐞 𝐁𝐨𝐝𝐲 𝐒𝐡𝐨𝐩 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.

𝐕𝐞𝐠𝐚𝐧 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's vibrant beauty industry is witnessing a shift towards vegan cosmetics, supported by the government's promotion of sustainable products. Local brands like 𝐎𝐫𝐢𝐞𝐧𝐭𝐚𝐥 𝐏𝐫𝐢𝐧𝐜𝐞𝐬𝐬 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.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰:https://www.maximizemarketresearch.com/request-sample/20003/

𝐕𝐞𝐠𝐚𝐧 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan's vegan cosmetics market is thriving due to the country's focus on high-quality and innovative beauty products. Leading brands like 𝐒𝐡𝐢𝐬𝐞𝐢𝐝𝐨 and 𝐃𝐇𝐂 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.

𝐕𝐞𝐠𝐚𝐧 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐂𝐡𝐢𝐧𝐚

China's vegan cosmetics market is undergoing rapid consolidation as regulatory changes favor cruelty-free products. Major companies like 𝐄𝐬𝐭é𝐞 𝐋𝐚𝐮𝐝𝐞𝐫 and 𝐏𝐫𝐨𝐜𝐭𝐞𝐫 & 𝐆𝐚𝐦𝐛𝐥𝐞 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.

𝐕𝐞𝐠𝐚𝐧 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea's vegan cosmetics market is evolving with a focus on K-beauty trends that emphasize sustainability and cruelty-free practices. Brands like 𝐀𝐦𝐨𝐫𝐞𝐩𝐚𝐜𝐢𝐟𝐢𝐜 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.

𝐕𝐞𝐠𝐚𝐧 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore, known for its cosmopolitan beauty market, is seeing a surge in vegan cosmetics demand. Global brands like 𝐓𝐚𝐫𝐭𝐞 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 and 𝐂𝐨𝐯𝐞𝐫 𝐅𝐗 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.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐝𝐚𝐭𝐚 𝐚𝐧𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐯𝐢𝐞𝐰𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 @https://www.maximizemarketresearch.com/request-sample/20003/

𝐕𝐞𝐠𝐚𝐧 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒

The US remains a leader in the vegan cosmetics market, accounting for over 35% of global revenue in 2023. Companies like 𝐞.𝐥.𝐟. 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 and 𝐏𝐚𝐜𝐢𝐟𝐢𝐜𝐚 are driving growth through innovative marketing and product diversification. Mergers and acquisitions, such as L'Oréal's acquisition of cruelty-free brands, are shaping the competitive landscape.

𝐕𝐞𝐠𝐚𝐧 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

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 𝐂𝐡𝐚𝐫𝐥𝐨𝐭𝐭𝐞 𝐓𝐢𝐥𝐛𝐮𝐫𝐲 and 𝐑𝐌𝐒 𝐁𝐞𝐚𝐮𝐭𝐲 gaining traction. The market's growth is supported by initiatives such as the European Green Deal, promoting sustainable production practices.

𝐆𝐞𝐭 𝐚 𝐜𝐥𝐨𝐬𝐞𝐫 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐞 𝐠𝐚𝐦𝐞-𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐬𝐮𝐜𝐜𝐞𝐬𝐬 :https://www.maximizemarketresearch.com/request-sample/20003/

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭

Skin Care
Hair Care
Makeup
Others

𝐛𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫

Premium
Economic

𝐛𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫

Men
Women
Children

𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥

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.

𝐆𝐞𝐭 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬:https://www.maximizemarketresearch.com/market-report/global-vegan-cosmetics-market/20003/

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚
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)

𝐄𝐮𝐫𝐨𝐩𝐞
16. Beiersdorf (Hamburg, Germany)
17. L'Oréal SA (Paris, France)
18. Groupe Rocher (France)
19. MuLondon (United Kingdom)

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜
20. Cosmax Inc (South Korea)
21. Inika Organic
22. Ere Perez
23. Others

𝐒𝐨𝐮𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐚𝐧𝐝 𝐌𝐄𝐀
24. Natura (São Paulo, Brazil)
25. Grupo Boticario (Brazil)
26. Others

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐨𝐮𝐫 𝐭𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐭𝐨 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐬𝐡𝐢𝐟𝐭𝐬 :

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

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

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

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

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

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