China Vegan Cosmetics Market Size & Outlook, 2022-2030
China vegan cosmetics market, 2018-2030 (US$M)
Related Markets
China vegan cosmetics market highlights
- The China vegan cosmetics market generated a revenue of USD 852.5 million in 2022 and is expected to reach USD 1,460.8 million by 2030.
- The China market is expected to grow at a CAGR of 7% from 2023 to 2030.
- In terms of segment, skin care was the largest revenue generating product in 2022.
- Hair care is the most lucrative product segment registering the fastest growth during the forecast period.
Vegan cosmetics market data book summary
| Market revenue in 2022 | USD 852.5 million |
| Market revenue in 2030 | USD 1,460.8 million |
| Growth rate | 7% (CAGR from 2022 to 2030) |
| Largest segment | Skin care |
| Fastest growing segment | Hair care |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skin care, Hair care, Color cometics |
| Key market players worldwide | Moderna Inc, L'Oreal SA, Arbonne International, Nature's Brands, Bello & Eco, Human Care Blossoms, Jean-Charles Brosseau |
Other key industry trends
- In terms of revenue, China accounted for 5.2% of the global vegan cosmetics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China vegan cosmetics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,202.6 million by 2030.
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Vegan Cosmetics Market Scope
Vegan Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 33.04% in 2022. Horizon Databook has segmented the China vegan cosmetics market based on skin care, hair care, color cometics covering the revenue growth of each sub-segment from 2018 to 2030.
Cosmetic and skin care companies operating in China requires to submit their product portfolios and animal testing documentations compulsorily in government labs for the products to be approved for sale by the regional regulators.
Several cosmetic giants strategize to operate in China, seeking to capture the potential but loses ground due to absolute essential animal testing regulations prevalent in the region.
Reasons to subscribe to China vegan cosmetics market databook:
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China 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 country-level data and insights on the China vegan cosmetics market , including forecasts for subscribers. This country databook contains high-level insights into China vegan cosmetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China vegan cosmetics market size, by product, 2018-2030 (US$M)
China Vegan Cosmetics Market Outlook Share, 2022 & 2030 (US$M)
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