Global Vegan Cosmetics Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Facial Cosmetics, Eye Cosmetic Products, Lip and Nail Make-Up Products, Hairstyling and Coloring Products, and Others.

By Distribution Channel;

Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retailers, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn445599908 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Vegan Cosmetics Market (USD Million), 2021 - 2031

In the year 2024, the Global Vegan Cosmetics Market was valued at USD 18,393.48 million. The size of this market is expected to increase to USD 28,395.88 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.4%.

The global vegan cosmetics market has experienced significant growth in recent years, fueled by shifting consumer preferences towards cruelty-free and environmentally friendly products. Vegan cosmetics are defined as products that do not contain any animal-derived ingredients and are not tested on animals. This ethical stance resonates strongly with consumers who are increasingly conscious of the impact of their purchasing decisions on animal welfare and the environment.

One of the key drivers of growth in the vegan cosmetics market is the rising awareness of the adverse effects of traditional beauty products on both animals and the planet. Consumers are increasingly seeking out alternatives that align with their values of compassion and sustainability. As a result, brands that offer vegan cosmetics have seen a surge in demand, prompting established players as well as new entrants to expand their product lines to include vegan options.

The growing influence of social media and digital platforms has played a significant role in driving the popularity of vegan cosmetics. Influencers and celebrities often endorse vegan beauty products, amplifying their reach and visibility among consumers. This has led to a broader acceptance of vegan cosmetics beyond niche markets, with mainstream consumers actively seeking out these products for their perceived benefits to both animals and the environment.

The global vegan cosmetics market is poised for continued growth, driven by ongoing consumer awareness campaigns, regulatory initiatives promoting cruelty-free practices, and advancements in vegan-friendly formulations. As sustainability and ethical considerations continue to shape consumer behavior, the demand for vegan cosmetics is expected to further accelerate, presenting lucrative opportunities for brands to innovate and cater to this evolving market segment.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Region
  4. Global Vegan Cosmetics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing consumer awareness
        2. Health consciousness
        3. Influence of social media
        4. Expansion of distribution channels
      2. Restraints
        1. Limited product availability
        2. Higher pricing
        3. Perception challenges
        4. Regulatory hurdles
      3. Opportunities
        1. Innovation in product development
        2. Expansion in emerging markets
        3. Partnerships and collaborations
        4. Sustainability focus
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Vegan Cosmetics Market, By Product Type, 2021 - 2031 (USD Million)
      1. Facial Cosmetics
      2. Eye Cosmetic Products
      3. Lip and Nail Make-up Products
      4. Hairstyling & Coloring products
      5. Others
    2. Global Vegan Cosmetics Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Supermarkets/Hypermarkets
      2. Convenience Stores
      3. Specialty Stores
      4. Online Retailers
      5. Others
    3. Global Vegan Cosmetics Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Lush Cosmetics
      2. Kat Von D Beauty
      3. Cover FX
      4. Pacifica Beauty
      5. Urban Decay
      6. e.l.f. Cosmetics
      7. Tarte Cosmetics
      8. Too Faced Cosmetics
      9. BareMinerals
      10. Milk Makeup
  7. Analyst Views
  8. Future Outlook of the Market