Global Vegan Cosmetics Market Size & Outlook, 2022-2030
Global vegan cosmetics market, 2018-2030 (US$M)
Related Markets
Global vegan cosmetics market highlights
- The global vegan cosmetics market generated a revenue of USD 16,295.5 million in 2022 and is expected to reach USD 26,161.4 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6.1% by 2030.
- In terms of segment, skin care accounted for a revenue of USD 5,453.0 million in 2022.
- Hair care is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2022.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 16,295.5 million |
| Market revenue in 2030 | USD 26,161.4 million |
| Growth rate | 6.1% (CAGR from 2022 to 2030) |
| Largest segment | Skin care |
| Fastest growing segment | Hair care |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skin care, Hair care, Color cometics |
Other key industry trends
- In terms of revenue, the North America accounted for 28.3% of the global vegan cosmetics market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 566.7 million by 2030.
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Vegan Cosmetics Market Scope
Vegan Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global vegan cosmetics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vegan cosmetics market will help companies and investors design strategic landscapes.
Skin care was the largest segment with a revenue share of 33.46% in 2022. Horizon Databook has segmented the Global vegan cosmetics market based on skin care, hair care, color cometics covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Vegan Cosmetics Product Outlook (Revenue, USD Million, 2018-2030)
- Skin care
- Hair care
- Color cometics
- Others
- Global Vegan Cosmetics Market Outlook (Revenue, USD Million, 2018-2030)
- Hypermarkets and Supermarkets
- Specialty Stores
- E-Commerce
- Others
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Target buyers of Global vegan cosmetics market databook
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Our clientele includes a mix of vegan cosmetics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global vegan cosmetics market , including forecasts for subscribers. This global databook contains high-level insights into Global vegan cosmetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global vegan cosmetics market size, by regions, 2018-2030 (US$M)
Top 10 countries: Vegan cosmetics market size, 2022 (US$M)
Global vegan cosmetics market share, by product, 2022 & 2030 (%, US$M)
Vegan cosmetics market: Opportunity assessment by country
Global vegan cosmetics market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 3,963.3 | 4,194.6 | 3,903.5 | 4,344.8 | 4,609.0 | 4,893.2 | 5,199.0 | 5,528.3 | 5,883.4 | 6,266.4 | 6,680.0 | 7,126.9 | 7,610.3 | 6.5% |
| Europe | 5,143.4 | 5,425.8 | 5,032.6 | 5,583.1 | 6,135.8 | 6,246.5 | 6,615.1 | 7,011.0 | 7,436.8 | 7,894.9 | 8,388.4 | 8,920.2 | 9,494.0 | 5.6% |
| Asia Pacific | 2,895.9 | 3,091.2 | 2,901.4 | 3,257.1 | 3,484.8 | 3,731.4 | 3,998.6 | 4,288.4 | 4,602.9 | 4,944.7 | 5,316.2 | 5,720.6 | 6,161.0 | 7.4% |
| Latin America | 732.5 | 757.3 | 688.4 | 748.5 | 775.7 | 804.5 | 835.0 | 867.3 | 901.7 | 938.2 | 977.0 | 1,018.2 | 1,062.2 | 4.0% |
| MEA | 1,172.4 | 1,225.1 | 1,124.9 | 1,234.5 | 1,290.1 | 1,348.4 | 1,409.2 | 1,472.8 | 1,539.1 | 1,608.3 | 1,680.5 | 1,755.7 | 1,833.9 | 4.5% |
| Overall | 13,907.3 | 14,694.0 | 13,650.7 | 15,168.0 | 16,295.5 | 17,023.9 | 18,056.8 | 19,167.8 | 20,363.9 | 21,652.5 | 23,042.0 | 24,541.6 | 26,161.4 | 6.1% |
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