U.S. Vegan Cosmetics Market Size & Outlook, 2022-2030
U.S. vegan cosmetics market, 2018-2030 (US$M)
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U.S. vegan cosmetics market highlights
- The U.S. vegan cosmetics market generated a revenue of USD 3,727.6 million in 2022 and is expected to reach USD 6,073.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.3% 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 3,727.6 million |
| Market revenue in 2030 | USD 6,073.1 million |
| Growth rate | 6.3% (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, U.S. accounted for 22.9% 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 North America, U.S. vegan cosmetics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 6,073.1 million by 2030.
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Vegan Cosmetics Market Scope
Vegan Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 34.09% in 2022. Horizon Databook has segmented the U.S. vegan cosmetics market based on skin care, hair care, color cometics covering the revenue growth of each sub-segment from 2018 to 2030.
Veganism is increasingly gaining importance across the U.S., fueled majorly by the youngsters aged between 16 to 24. Not only is the population curbing use of cosmetic brushes made out of animal skins and byproducts but have also significantly decreased usage of any other cosmetics, which are made from animal extracts or are tested on animals.
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Target buyers of U.S. 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 U.S. vegan cosmetics market , including forecasts for subscribers. This country databook contains high-level insights into U.S. vegan cosmetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. vegan cosmetics market size, by product, 2018-2030 (US$M)
U.S. Vegan Cosmetics Market Outlook Share, 2022 & 2030 (US$M)
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