Home > Press Release > Vegan Cosmetics Market

Vegan Cosmetics Market 2025 - 2035

Report Code: CGS-51347  |  Published in: September, 2025, By MarketGenics  |  Number of pages: 375
Get PDF Buy
Get PDF Buy Now
Get PDF
Buy Now

Global Vegan Cosmetics Market Forecast to Reach USD 31.5 Billion by 2035.

A detailed analysis report on, “Vegan Cosmetics Market Size, Share, Growth Opportunity Analysis Report Product Type (Skin Care-Moisturizers, Cleansers, Creams, Lotions, and Others, Hair Care-Shampoos, Conditioners, Hair Serums, and Others, Makeup-Foundation, Lipsticks, Eye Makeup, Blush, Fragrances,  and Others), Ingredient, Gender, Certification, Price, End-user, and Region (North America, Europe, Asia Pacific, Middle East, Africa, and South America) – Global Trends and Forecasts, 2025–2035,” offers a comprehensive overview of current growth trends in the Vegan Cosmetics industry. It highlights key innovation areas, regulatory support, and demand-driven developments shaping the global Vegan Cosmetics Market.

Global Vegan Cosmetics Market Forecast (2025–2035):

According to recent analysis, the global vegan cosmetics market is expected to grow from USD 16.6 Billion in 2025 to USD 31.5 Billion by 2035, registering a robust CAGR of 6% during the forecast period. The demand for Vegan Cosmetics is growing due to rising demand for animal friendly formulations, stronger local regulatory bans on animal testing and a significant consumer swing toward clean, plant-based ingredients.

Industries such as beauty retail, e-commerce, and wellness are embracing vegan cosmetics to meet ethical consumer demands, reduce ingredient-related fears, and improve product traceability. For instance, in 2023, Garnier expanded its vegan skincare range worldwide with The Vegan Society certification, which supports L’Oréal’s wider sustainability ambition and driving segment-level revenue growth. Such innovations are enabling brands to increase traceability, compliance, and consumer confidence especially in areas of skin health, allergy care and natural beauty.

“Key Driver, Restraint, and Growth Opportunity Shaping the Vegan Cosmetics Market             

Global regulations in beauty and personal care are becoming stricter, pushing cosmetic brands to align with vegan, cruelty-free, and sustainable standards. Regulatory bodies across Europe, the U.K. and parts of Asia are rolling out bans on animal testing, and are increasingly requiring transparent labels on ingredients and sources. By implementing certified vegan formulas and ethical sourcing standards, companies can do more to meet international regulations and appeal to conscious consumers.

For Instance, in 2022, the European Commission reinforced on non-animal tested imports, prompting more brands to pursue vegan certifications and traceable, plant-based ingredient supply chains.

One of the key challenges for the Vegan Cosmetics Market is the high cost of research and development and certification. Creating vegan items usually means special formulations, new ingredients and third-party certifications, from groups like PETA or The Vegan Society. These mandates drive up R&D costs and may delay the time-to-market especially for smaller or emerging brands without scale. Ingredient sourcing issues and the need to preserve product performance in the absence of synthetic fillers, and pricing strategies becomes even more complex.

One of the most significant growth opportunities is the demand for refillable packaging and zero-waste personal care. Driven by a consumer push for brand sustainability and ethics, vegan cosmetics companies are introducing refillable, plastic-free packaging to entice eco-conscious buyers. For Instance, In 2023, U.K.-based brand BYBI introduced its Refill-at-Home program, with low-waste refills of its certified vegan skincare line. The project enabled BYBI to reduce the emissions of its packaging by more than 50% and drive greater customer loyalty through sustainability-linked loyalty programs.

Regional Analysis of Vegan Cosmetics Market

  • Europe holds a dominant position in the global Vegan Cosmetics market, accounting for approximately 39.1% share in 2025, and is expected to maintain steady growth through 2035. The region benefits from early regulatory action, such as the EU ban on animal testing for cosmetics and ingredients, which has accelerated the adoption of vegan-certified products. Consumers in markets such as Germany, France and the U.K. are extremely conscious of ethical sourcing, sustainability, and ingredient transparency, which means that Europe is a mature, innovation-minded market for vegan beauty products.
  • Recent brand initiatives reflect this trend. In March 2024, Sephora Europe broadened its clean and vegan beauty category with more than 70 new SKUs in brands including Rare Beauty and Typology. National retailers’ countries such as Germany) and U.K launched private-label vegan lines to meet growing demand. The growing presence of refillable packaging, biodegradable formulas and credentials on cruelty-free in both mass and prestige categories again demonstrates Europe’s global leadership in shaping ethical beauty.

Major companies shaping the vegan cosmetics industry include Coty Inc., Cover FX, e.l.f. Beauty, Inc., Estée Lauder Companies Inc., Gabriel Cosmetics Inc., Herbivore Botanicals, Inika Organic, Kose Corporation, L'Oréal Group, Lush Cosmetics, Milk Makeup, Natura &Co, Pacifica Beauty, PHB Ethical Beauty, Procter & Gamble (P&G) and Other Key Players. These firms are investing in the development of vegan, cruelty-free, and sustainable standards

The vegan cosmetics market has been segmented as follows:

Vegan Cosmetics Market Analysis, By Ingredient Source

  • Natural (Plant-based Extracts)
  • Synthetic (Lab-formulated Vegan Alternatives)

Vegan Cosmetics Market Analysis, By Product

  • Skin Care
    • Moisturizers
    • Cleansers
    • Creams
    • Lotions
    • Others
  • Hair Care
    • Shampoos
    • Conditioners
    • Hair Serums
    • Others
  • Makeup
    • Foundation
    • Lipsticks
    • Eye Makeup
    • Blush
    • Others
  • Fragrances
  • Others (Nail care, Deodorants, etc.)

Vegan Cosmetics Market Analysis, By Certification

Vegan Cosmetics Market Analysis, By Distribution

  • Online Retail (E-commerce platforms, brand websites)
  • Supermarkets/Hypermarkets
  • Specialty Stores (Vegan/organic cosmetics shops)
  • Pharmacies & Drug Stores
  • Others (Salons, direct sales)

Vegan Cosmetics Market Analysis, By End User

  • Individual Consumers
  • Professional Users (Makeup Artists, Salons, Spas)
  • Others

Vegan Cosmetics Market Analysis, by Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
  • South America
 

About Us

MarketGenics is a global market research and management consulting company empowering decision makers from startups, Fortune 500 companies, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

We serve clients on every aspect of strategy, including product development, application modeling, exploring new markets and tapping into niche growth opportunities.

Contact US

USA Address:

800 N King Street Suite 304 #4208 Wilmington, DE 19801 United States.

+1(302)303-2617

[email protected]

India Address:

3rd floor, Indeco Equinox, Baner Road, Baner, Pune, Maharashtra 411045 India.

 

 

Table of Contents

  • 1. Research Methodology and Assumptions
    • 1.1. Definitions
    • 1.2. Research Design and Approach
    • 1.3. Data Collection Methods
    • 1.4. Base Estimates and Calculations
    • 1.5. Forecasting Models
      • 1.5.1. Key Forecast Factors & Impact Analysis
    • 1.6. Secondary Research
      • 1.6.1. Open Sources
      • 1.6.2. Paid Databases
      • 1.6.3. Associations
    • 1.7. Primary Research
      • 1.7.1. Primary Sources
      • 1.7.2. Primary Interviews with Stakeholders across Ecosystem
  • 2. Executive Summary
    • 2.1. Vegan Cosmetics Market Outlook
      • 2.1.1. Vegan Cosmetics Market Size in Volume (Million Units) and Value (US$ Billion), and Forecasts, 2021-2035
      • 2.1.2. Compounded Annual Growth Rate Analysis
      • 2.1.3. Growth Opportunity Analysis
      • 2.1.4. Segmental Share Analysis
      • 2.1.5. Geographical Share Analysis
    • 2.2. Market Analysis and Facts
    • 2.3. Supply-Demand Analysis
    • 2.4. Competitive Benchmarking
    • 2.5. Go-to- Market Strategy
      • 2.5.1. Customer/ End-use Industry Assessment
      • 2.5.2. Growth Opportunity Data, 2025-2035
        • 2.5.2.1. Regional Data
        • 2.5.2.2. Country Data
        • 2.5.2.3. Segmental Data
      • 2.5.3. Identification of Potential Market Spaces
      • 2.5.4. GAP Analysis
      • 2.5.5. Potential Attractive Price Points
      • 2.5.6. Prevailing Market Risks & Challenges
      • 2.5.7. Preferred Sales & Marketing Strategies
      • 2.5.8. Key Recommendations and Analysis
      • 2.5.9. A Way Forward
  • 3. Industry Data and Premium Insights
    • 3.1. Global Industry Overview, 2025
      • 3.1.1. Industry Ecosystem Analysis
      • 3.1.2. Key Trends for Consumer Goods & Services Industry
      • 3.1.3. Regional Distribution for Industry
    • 3.2. Supplier Customer Data
    • 3.3. Source Roadmap and Developments
    • 3.4. Trump Tariff Impact Analysis
      • 3.4.1. Manufacturer
      • 3.4.2. Supply Chain/Distributor
      • 3.4.3. End Consumer
  • 4. Market Overview
    • 4.1. Market Dynamics
      • 4.1.1. Drivers
        • 4.1.1.1. Strong support from influencers and celebrities promoting vegan beauty products through social media and digital platforms.
        • 4.1.1.2. Government regulations and bans on animal testing in regions like the EU boosting market adoption of vegan-certified products.
        • 4.1.1.3. Expansion of vegan product lines by mainstream beauty brands and availability across both online and offline retail channels.
      • 4.1.2. Restraints
        • 4.1.2.1. Higher production costs due to the use of plant-based ingredients and the need for third-party vegan certifications.
        • 4.1.2.2. Limited shelf life and performance concerns in some vegan formulations compared to traditional chemical-based alternatives.
    • 4.2. Key Trend Analysis
    • 4.3. Regulatory Framework
      • 4.3.1. Key Regulations, Norms, and Subsidies, by Key Countries
      • 4.3.2. Tariffs and Standards
      • 4.3.3. Impact Analysis of Regulations on the Market
    • 4.4. Value Chain Analysis
      • 4.4.1. Ingredient Source
      • 4.4.2. Manufacturers
      • 4.4.3. Wholesalers/ Distributor
      • 4.4.4. End-users/ Customers
    • 4.5. Cost Structure Analysis
      • 4.5.1. Parameter’s Share for Cost Associated
      • 4.5.2. COGP vs COGS
      • 4.5.3. Profit Margin Analysis
    • 4.6. Pricing Analysis
      • 4.6.1. Regional Pricing Analysis
      • 4.6.2. Segmental Pricing Trends
      • 4.6.3. Factors Influencing Pricing
    • 4.7. Porter’s Five Forces Analysis
    • 4.8. PESTEL Analysis
    • 4.9. Vegan Cosmetics Market Demand
      • 4.9.1. Historical Market Size - in Volume (Million Units) and Value (US$ Billion), 2021-2024
      • 4.9.2. Current and Future Market Size - in Volume (Million Units) and Value (US$ Billion), 2025–2035
        • 4.9.2.1. Y-o-Y Growth Trends
        • 4.9.2.2. Absolute $ Opportunity Assessment
  • 5. Competition Landscape
    • 5.1. Competition structure
      • 5.1.1. Fragmented v/s consolidated
    • 5.2. Company Share Analysis, 2025
      • 5.2.1. Global Company Market Share
      • 5.2.2. By Region
        • 5.2.2.1. North America
        • 5.2.2.2. Europe
        • 5.2.2.3. Asia Pacific
        • 5.2.2.4. Middle East
        • 5.2.2.5. Africa
        • 5.2.2.6. South America
    • 5.3. Product Comparison Matrix
      • 5.3.1. Specifications
      • 5.3.2. Market Positioning
      • 5.3.3. Pricing
  • 6. Vegan Cosmetics Market Analysis, by Product Type
    • 6.1. Key Segment Analysis
    • 6.2. Vegan Cosmetics Market Size in Volume (Million Units) and Value (US$ Billion), Analysis, and Forecasts, by Product Type, 2021-2035
      • 6.2.1. Skin Care
        • 6.2.1.1. Moisturizers
        • 6.2.1.2. Cleansers
        • 6.2.1.3. Creams
        • 6.2.1.4. Lotions
        • 6.2.1.5. Others
      • 6.2.2. Hair Care
        • 6.2.2.1. Shampoos
        • 6.2.2.2. Conditioners
        • 6.2.2.3. Hair Serums
        • 6.2.2.4. Others
      • 6.2.3. Makeup
        • 6.2.3.1. Foundation
        • 6.2.3.2. Lipsticks
        • 6.2.3.3. Eye Makeup
        • 6.2.3.4. Blush
        • 6.2.3.5. Others
      • 6.2.4. Fragrances
      • 6.2.5. Others (Nail care, Deodorants, etc.)
  • 7. Vegan Cosmetics Market Analysis, by Ingredient Source
    • 7.1. Key Segment Analysis
    • 7.2. Vegan Cosmetics Market Size in Volume (Million Units) and Value (US$ Billion), Analysis, and Forecasts, by Ingredient Source, 2021-2035
      • 7.2.1. Natural (Plant-based Extracts)
      • 7.2.2. Synthetic (Lab-formulated Vegan Alternatives)
  • 8. Vegan Cosmetics Market Analysis, by Gender
    • 8.1. Key Segment Analysis
    • 8.2. Vegan Cosmetics Market Size in Volume (Million Units) and Value (US$ Billion), Analysis, and Forecasts, by Gender, 2021-2035
      • 8.2.1. Women
      • 8.2.2. Men
      • 8.2.3. Unisex
  • 9. Vegan Cosmetics Market Analysis, by Certification
    • 9.1. Key Segment Analysis
    • 9.2. Vegan Cosmetics Market Size in Volume (Million Units) and Value (US$ Billion), Analysis, and Forecasts, by Certification, 2021-2035
      • 9.2.1. Certified Vegan (Vegan Society, PETA, etc.)
      • 9.2.2. Non-Certified but Vegan-labeled
      • 9.2.3. Cruelty-Free (without animal testing)
      • 9.2.4. Others
  • 10. Vegan Cosmetics Market Analysis, by Price Range
    • 10.1. Key Segment Analysis
    • 10.2. Vegan Cosmetics Market Size in Volume (Million Units) and Value (US$ Billion), Analysis, and Forecasts, by Price Range, 2021-2035
      • 10.2.1. Premium
      • 10.2.2. Mid-Range
      • 10.2.3. Economy
  • 11. Vegan Cosmetics Market Analysis, by End User
    • 11.1. Key Segment Analysis
    • 11.2. Vegan Cosmetics Market Size in Volume (Million Units) and Value (US$ Billion), Analysis, and Forecasts, by End User, 2021-2035
      • 11.2.1. Individual Consumers
      • 11.2.2. Professional Users (Makeup Artists, Salons, Spas)
      • 11.2.3. Others
  • 12. Vegan Cosmetics Market Analysis and Forecasts, by Region
    • 12.1. Key Findings
    • 12.2. Vegan Cosmetics Market Size in Volume (Million Units) and Value (US$ Billion),Analysis, and Forecasts, by Region, 2021-2035
      • 12.2.1. North America
      • 12.2.2. Europe
      • 12.2.3. Asia Pacific
      • 12.2.4. Middle East
      • 12.2.5. Africa
      • 12.2.6. South America
  • 13. North America Vegan Cosmetics Market Analysis
    • 13.1. Key Segment Analysis
    • 13.2. Regional Snapshot
    • 13.3. North America Vegan Cosmetics Market Size in Volume (Million Units) and Value (US$ Billion), Analysis, and Forecasts, 2021-2035
      • 13.3.1. Product
      • 13.3.2. Ingredient
      • 13.3.3. Gender
      • 13.3.4. Certification
      • 13.3.5. Price
      • 13.3.6. End-User
      • 13.3.7. Distribution
      • 13.3.8. Country
          • 13.3.8.1.1. USA
          • 13.3.8.1.2. Canada
          • 13.3.8.1.3. Mexico
    • 13.4. USA Vegan Cosmetics Market
      • 13.4.1. Country Segmental Analysis
      • 13.4.2. Product
      • 13.4.3. Ingredient
      • 13.4.4. Gender
      • 13.4.5. Certification
      • 13.4.6. Price
      • 13.4.7. End-User
      • 13.4.8. Distribution
    • 13.5. Canada Vegan Cosmetics Market
      • 13.5.1. Country Segmental Analysis
      • 13.5.2. Product
      • 13.5.3. Ingredient
      • 13.5.4. Gender
      • 13.5.5. Certification
      • 13.5.6. Price
      • 13.5.7. End-User
      • 13.5.8. Distribution
    • 13.6. Mexico Vegan Cosmetics Market
      • 13.6.1. Country Segmental Analysis
      • 13.6.2. Product
      • 13.6.3. Ingredient
      • 13.6.4. Gender
      • 13.6.5. Certification
      • 13.6.6. Price
      • 13.6.7. End-User
      • 13.6.8. Distribution
  • 14. Europe Vegan Cosmetics Market Analysis
    • 14.1. Key Segment Analysis
    • 14.2. Regional Snapshot
    • 14.3. Europe Vegan Cosmetics Market Size in Volume (Million Units) and Value (US$ Billion), Analysis, and Forecasts, 2021-2035
      • 14.3.1. Country Segmental Analysis
      • 14.3.2. Product
      • 14.3.3. Ingredient
      • 14.3.4. Gender
      • 14.3.5. Certification
      • 14.3.6. Price
      • 14.3.7. End-User
      • 14.3.8. Distribution
      • 14.3.9. Country
        • 14.3.9.1. Germany
        • 14.3.9.2. United Kingdom
        • 14.3.9.3. France
        • 14.3.9.4. Italy
        • 14.3.9.5. Spain
        • 14.3.9.6. Netherlands
        • 14.3.9.7. Nordic Countries
        • 14.3.9.8. Poland
        • 14.3.9.9. Russia & CIS
        • 14.3.9.10. Rest of Europe
    • 14.4. Germany Vegan Cosmetics Market
      • 14.4.1. Country Segmental Analysis
      • 14.4.2. Product
      • 14.4.3. Ingredient
      • 14.4.4. Gender
      • 14.4.5. Certification
      • 14.4.6. Price
      • 14.4.7. End-User
      • 14.4.8. Distribution
    • 14.5. United Kingdom Vegan Cosmetics Market
      • 14.5.1. Country Segmental Analysis
      • 14.5.2. Product
      • 14.5.3. Ingredient
      • 14.5.4. Gender
      • 14.5.5. Certification
      • 14.5.6. Price
      • 14.5.7. End-User
      • 14.5.8. Distribution
    • 14.6. France Vegan Cosmetics Market
      • 14.6.1. Country Segmental Analysis
      • 14.6.2. Product
      • 14.6.3. Ingredient
      • 14.6.4. Gender
      • 14.6.5. Certification
      • 14.6.6. Price
      • 14.6.7. End-User
      • 14.6.8. Distribution
    • 14.7. Italy Vegan Cosmetics Market
      • 14.7.1. Country Segmental Analysis
      • 14.7.2. Product
      • 14.7.3. Ingredient
      • 14.7.4. Gender
      • 14.7.5. Certification
      • 14.7.6. Price
      • 14.7.7. End-User
      • 14.7.8. Distribution
    • 14.8. Spain Vegan Cosmetics Market
      • 14.8.1. Country Segmental Analysis
      • 14.8.2. Product
      • 14.8.3. Ingredient
      • 14.8.4. Gender
      • 14.8.5. Certification
      • 14.8.6. Price
      • 14.8.7. End-User
      • 14.8.8. Distribution
    • 14.9. Netherlands Vegan Cosmetics Market
      • 14.9.1. Country Segmental Analysis
      • 14.9.2. Product
      • 14.9.3. Ingredient
      • 14.9.4. Gender
      • 14.9.5. Certification
      • 14.9.6. Price
      • 14.9.7. End-User
      • 14.9.8. Distribution
    • 14.10. Nordic Countries Vegan Cosmetics Market
      • 14.10.1. Country Segmental Analysis
      • 14.10.2. Product
      • 14.10.3. Ingredient
      • 14.10.4. Gender
      • 14.10.5. Certification
      • 14.10.6. Price
      • 14.10.7. End-User
      • 14.10.8. Distribution
    • 14.11. Poland Vegan Cosmetics Market
      • 14.11.1. Country Segmental Analysis
      • 14.11.2. Product
      • 14.11.3. Ingredient
      • 14.11.4. Gender
      • 14.11.5. Certification
      • 14.11.6. Price
      • 14.11.7. End-User
      • 14.11.8. Distribution
    • 14.12. Russia & CIS Vegan Cosmetics Market
      • 14.12.1. Country Segmental Analysis
      • 14.12.2. Product
      • 14.12.3. Ingredient
      • 14.12.4. Gender
      • 14.12.5. Certification
      • 14.12.6. Price
      • 14.12.7. End-User
      • 14.12.8. Distribution
    • 14.13. Rest of Europe Vegan Cosmetics Market
      • 14.13.1. Country Segmental Analysis
      • 14.13.2. Product
      • 14.13.3. Ingredient
      • 14.13.4. Gender
      • 14.13.5. Certification
      • 14.13.6. Price
      • 14.13.7. End-User
      • 14.13.8. Distribution
  • 15. Asia Pacific Vegan Cosmetics Market Analysis
    • 15.1. Key Segment Analysis
    • 15.2. Regional Snapshot
    • 15.3. East Asia Vegan Cosmetics Market Size in Volume (Million Units) and Value (US$ Billion), and Forecasts, 2021-2035
      • 15.3.1. Product
      • 15.3.2. Product
      • 15.3.3. Ingredient
      • 15.3.4. Gender
      • 15.3.5. Certification
      • 15.3.6. Price
      • 15.3.7. End-User
      • 15.3.8. Distribution
      • 15.3.9. Country
        • 15.3.9.1. China
        • 15.3.9.2. India
        • 15.3.9.3. Japan
        • 15.3.9.4. South Korea
        • 15.3.9.5. Australia and New Zealand
        • 15.3.9.6. Indonesia
        • 15.3.9.7. Malaysia
        • 15.3.9.8. Thailand
        • 15.3.9.9. Vietnam
        • 15.3.9.10. Rest of Asia Pacific
    • 15.4. China Vegan Cosmetics Market
      • 15.4.1. Country Segmental Analysis
      • 15.4.2. Product
      • 15.4.3. Ingredient
      • 15.4.4. Gender
      • 15.4.5. Certification
      • 15.4.6. Price
      • 15.4.7. End-User
      • 15.4.8. Distribution
    • 15.5. India Vegan Cosmetics Market
      • 15.5.1. Country Segmental Analysis
      • 15.5.2. Product
      • 15.5.3. Ingredient
      • 15.5.4. Gender
      • 15.5.5. Certification
      • 15.5.6. Price
      • 15.5.7. End-User
      • 15.5.8. Distribution
    • 15.6. Japan Vegan Cosmetics Market
      • 15.6.1. Country Segmental Analysis
      • 15.6.2. Product
      • 15.6.3. Ingredient
      • 15.6.4. Gender
      • 15.6.5. Certification
      • 15.6.6. Price
      • 15.6.7. End-User
      • 15.6.8. Distribution
    • 15.7. South Korea Vegan Cosmetics Market
      • 15.7.1. Country Segmental Analysis
      • 15.7.2. Pr Product
      • 15.7.3. Ingredient
      • 15.7.4. Gender
      • 15.7.5. Certification
      • 15.7.6. Price
      • 15.7.7. End-User
      • 15.7.8. Distribution
      • 15.7.9. Australia and New Zealand Vegan Cosmetics Market
      • 15.7.10. Country Segmental Analysis
      • 15.7.11. Product
      • 15.7.12. Ingredient
      • 15.7.13. Gender
      • 15.7.14. Certification
      • 15.7.15. Price
      • 15.7.16. End-User
      • 15.7.17. Distribution
      • 15.7.18. Distribution
    • 15.8. Indonesia Vegan Cosmetics Market
      • 15.8.1. Country Segmental Analysis
      • 15.8.2. Product
      • 15.8.3. Ingredient
      • 15.8.4. Gender
      • 15.8.5. Certification
      • 15.8.6. Price
      • 15.8.7. End-User
      • 15.8.8. Distribution
    • 15.9. Malaysia Vegan Cosmetics Market
      • 15.9.1. Country Segmental Analysis
      • 15.9.2. Product
      • 15.9.3. Ingredient
      • 15.9.4. Gender
      • 15.9.5. Certification
      • 15.9.6. Price
      • 15.9.7. End-User
      • 15.9.8. Distribution
    • 15.10. Thailand Vegan Cosmetics Market
      • 15.10.1. Country Segmental Analysis
      • 15.10.2. Product
      • 15.10.3. Ingredient
      • 15.10.4. Gender
      • 15.10.5. Certification
      • 15.10.6. Price
      • 15.10.7. End-User
      • 15.10.8. Distribution
    • 15.11. Vietnam Vegan Cosmetics Market
      • 15.11.1. Country Segmental Analysis
      • 15.11.2. Product
      • 15.11.3. Ingredient
      • 15.11.4. Gender
      • 15.11.5. Certification
      • 15.11.6. Price
      • 15.11.7. End-User
      • 15.11.8. Distribution
    • 15.12. Rest of Asia Pacific Vegan Cosmetics Market
      • 15.12.1. Country Segmental Analysis
      • 15.12.2. Product
      • 15.12.3. Ingredient
      • 15.12.4. Gender
      • 15.12.5. Certification
      • 15.12.6. Price
      • 15.12.7. End-User
      • 15.12.8. Distribution
  • 16. Middle East Vegan Cosmetics Market Analysis
    • 16.1. Key Segment Analysis
    • 16.2. Regional Snapshot
    • 16.3. Middle East Vegan Cosmetics Market Size in Volume (Million Units) and Value (US$ Billion), Analysis, and Forecasts, 2021-2035
      • 16.3.1. Product
      • 16.3.2. Ingredient
      • 16.3.3. Gender
      • 16.3.4. Certification
      • 16.3.5. Price
      • 16.3.6. End-User
      • 16.3.7. Distribution
      • 16.3.8. Country
        • 16.3.8.1. Turkey
        • 16.3.8.2. UAE
        • 16.3.8.3. Saudi Arabia
        • 16.3.8.4. Israel
        • 16.3.8.5. Rest of Middle East
    • 16.4. Turkey Vegan Cosmetics Market
      • 16.4.1. Country Segmental Analysis
      • 16.4.2. Product
      • 16.4.3. Ingredient
      • 16.4.4. Gender
      • 16.4.5. Certification
      • 16.4.6. Price
      • 16.4.7. End-User
      • 16.4.8. Distribution
    • 16.5. UAE Vegan Cosmetics Market
      • 16.5.1. Country Segmental Analysis
      • 16.5.2. Product
      • 16.5.3. Ingredient
      • 16.5.4. Gender
      • 16.5.5. Certification
      • 16.5.6. Price
      • 16.5.7. End-User
      • 16.5.8. Distribution
    • 16.6. Saudi Arabia Vegan Cosmetics Market
      • 16.6.1. Country Segmental Analysis
      • 16.6.2. Product
      • 16.6.3. Ingredient
      • 16.6.4. Gender
      • 16.6.5. Certification
      • 16.6.6. Price
      • 16.6.7. End-User
      • 16.6.8. Distribution
    • 16.7. Israel Vegan Cosmetics Market
      • 16.7.1. Country Segmental Analysis
      • 16.7.2. Product
      • 16.7.3. Ingredient
      • 16.7.4. Gender
      • 16.7.5. Certification
      • 16.7.6. Price
      • 16.7.7. End-User
      • 16.7.8. Distribution
    • 16.8. Rest of Middle East Vegan Cosmetics Market
      • 16.8.1. Country Segmental Analysis
      • 16.8.2. Product
      • 16.8.3. Ingredient
      • 16.8.4. Gender
      • 16.8.5. Certification
      • 16.8.6. Price
      • 16.8.7. End-User
      • 16.8.8. Distribution
  • 17. Africa Vegan Cosmetics Market Analysis
    • 17.1. Key Segment Analysis
    • 17.2. Regional Snapshot
    • 17.3. Africa Vegan Cosmetics Market Size in Volume (Million Units) and Value (US$ Billion), Analysis, and Forecasts, 2021-2035
      • 17.3.1. Product
      • 17.3.2. Ingredient
      • 17.3.3. Gender
      • 17.3.4. Certification
      • 17.3.5. Price
      • 17.3.6. End-User
      • 17.3.7. Distribution
      • 17.3.8. Country
        • 17.3.8.1. South Africa
        • 17.3.8.2. Egypt
        • 17.3.8.3. Nigeria
        • 17.3.8.4. Algeria
        • 17.3.8.5. Rest of Africa
    • 17.4. South Africa Vegan Cosmetics Market
      • 17.4.1. Country Segmental Analysis
      • 17.4.2. Product
      • 17.4.3. Ingredient
      • 17.4.4. Gender
      • 17.4.5. Certification
      • 17.4.6. Price
      • 17.4.7. End-User
      • 17.4.8. Distribution
    • 17.5. Egypt Vegan Cosmetics Market
      • 17.5.1. Country Segmental Analysis
      • 17.5.2. Product
      • 17.5.3. Ingredient
      • 17.5.4. Gender
      • 17.5.5. Certification
      • 17.5.6. Price
      • 17.5.7. End-User
      • 17.5.8. Distribution
    • 17.6. Nigeria Vegan Cosmetics Market
      • 17.6.1. Country Segmental Analysis
      • 17.6.2. Product
      • 17.6.3. Ingredient
      • 17.6.4. Gender
      • 17.6.5. Certification
      • 17.6.6. Price
      • 17.6.7. End-User
      • 17.6.8. Distribution
    • 17.7. Algeria Vegan Cosmetics Market
      • 17.7.1. Country Segmental Analysis
      • 17.7.2. Product
      • 17.7.3. Ingredient
      • 17.7.4. Gender
      • 17.7.5. Certification
      • 17.7.6. Price
      • 17.7.7. End-User
      • 17.7.8. Distribution
    • 17.8. Rest of Africa Vegan Cosmetics Market
      • 17.8.1. Country Segmental Analysis
      • 17.8.2. Product
      • 17.8.3. Ingredient
      • 17.8.4. Gender
      • 17.8.5. Certification
      • 17.8.6. Price
      • 17.8.7. End-User
      • 17.8.8. Distribution
  • 18. South America Vegan Cosmetics Market Analysis
    • 18.1. Key Segment Analysis
    • 18.2. Regional Snapshot
    • 18.3. Central and South Africa Vegan Cosmetics Market Size in Volume (Million Units) and Value (US$ Billion), Analysis, and Forecasts, 2021-2035
      • 18.3.1. Product
      • 18.3.2. Ingredient
      • 18.3.3. Gender
      • 18.3.4. Certification
      • 18.3.5. Price
      • 18.3.6. End-User
      • 18.3.7. Distribution
      • 18.3.8. Country
        • 18.3.8.1. Brazil
        • 18.3.8.2. Argentina
        • 18.3.8.3. Rest of South America
    • 18.4. Brazil Vegan Cosmetics Market
      • 18.4.1. Country Segmental Analysis
      • 18.4.2. Product
      • 18.4.3. Ingredient
      • 18.4.4. Gender
      • 18.4.5. Certification
      • 18.4.6. Price
      • 18.4.7. End-User
      • 18.4.8. Distribution
    • 18.5. Argentina Vegan Cosmetics Market
      • 18.5.1. Country Segmental Analysis
      • 18.5.2. Product
      • 18.5.3. Ingredient
      • 18.5.4. Gender
      • 18.5.5. Certification
      • 18.5.6. Price
      • 18.5.7. End-User
      • 18.5.8. Distribution
    • 18.6. Rest of South America Vegan Cosmetics Market
      • 18.6.1. Country Segmental Analysis
      • 18.6.2. Product
      • 18.6.3. Ingredient
      • 18.6.4. Gender
      • 18.6.5. Certification
      • 18.6.6. Price
      • 18.6.7. End-User
      • 18.6.8. Distribution
  • 19. Key Players/ Company Profile
    • 19.1. Coty Inc.
      • 19.1.1. Company Details/ Overview
      • 19.1.2. Company Financials
      • 19.1.3. Key Customers and Competitors
      • 19.1.4. Business/ Industry Portfolio
      • 19.1.5. Product Portfolio/ Specification Details
      • 19.1.6. Pricing Data
      • 19.1.7. Strategic Overview
      • 19.1.8. Recent Developments
    • 19.2. Cover FX
    • 19.3. e.l.f. Beauty, Inc.
    • 19.4. Estée Lauder Companies Inc.
    • 19.5. Gabriel Cosmetics Inc.
    • 19.6. Herbivore Botanicals
    • 19.7. Inika Organic
    • 19.8. Kose Corporation
    • 19.9. L'Oréal Group
    • 19.10. Lush Cosmetics
    • 19.11. Milk Makeup
    • 19.12. Natura &Co
    • 19.13. Pacifica Beauty
    • 19.14. PHB Ethical Beauty
    • 19.15. Procter & Gamble (P&G)
    • 19.16. Shiseido Company, Limited
    • 19.17. The Body Shop
    • 19.18. Thrive Causemetics
    • 19.19. Unilever
    • 19.20. Urban Decay (a subsidiary of L'Oréal)
    • 19.21. Other Key Players

Note* - This is just tentative list of players. While providing the report, we will cover more number of players based on their revenue and share for each geography.

 

Research Design

Our research design integrates both demand-side and supply-side analysis through a balanced combination of primary and secondary research methodologies. By utilizing both bottom-up and top-down approaches alongside rigorous data triangulation methods, we deliver robust market intelligence that supports strategic decision-making.

MarketGenics' comprehensive research design framework ensures the delivery of accurate, reliable, and actionable market intelligence. Through the integration of multiple research approaches, rigorous validation processes, and expert analysis, we provide our clients with the insights needed to make informed strategic decisions and capitalize on market opportunities.

Research Design Graphic

MarketGenics leverages a dedicated industry panel of experts and a comprehensive suite of paid databases to effectively collect, consolidate, and analyze market intelligence.

Our approach has consistently proven to be reliable and effective in generating accurate market insights, identifying key industry trends, and uncovering emerging business opportunities.

Through both primary and secondary research, we capture and analyze critical company-level data such as manufacturing footprints, including technical centers, R&D facilities, sales offices, and headquarters.

Our expert panel further enhances our ability to estimate market size for specific brands based on validated field-level intelligence.

Our data mining techniques incorporate both parametric and non-parametric methods, allowing for structured data collection, sorting, processing, and cleaning.

Demand projections are derived from large-scale data sets analyzed through proprietary algorithms, culminating in robust and reliable market sizing.

Research Approach

The bottom-up approach builds market estimates by starting with the smallest addressable market units and systematically aggregating them to create comprehensive market size projections. This method begins with specific, granular data points and builds upward to create the complete market landscape.
Customer Analysis → Segmental Analysis → Geographical Analysis

The top-down approach starts with the broadest possible market data and systematically narrows it down through a series of filters and assumptions to arrive at specific market segments or opportunities. This method begins with the big picture and works downward to increasingly specific market slices.
TAM → SAM → SOM

Bottom-Up Approach Diagram
Top-Down Approach Diagram
Research Methods
Desk/ Secondary Research

While analysing the market, we extensively study secondary sources, directories, and databases to identify and collect information useful for this technical, market-oriented, and commercial report. Secondary sources that we utilize are not only the public sources, but it is combination of Open Source, Associations, Paid Databases, MG Repository & Knowledgebase and Others.

Open Sources
  • Company websites, annual reports, financial reports, broker reports, and investor presentations
  • National government documents, statistical databases and reports
  • News articles, press releases and web-casts specific to the companies operating in the market, Magazines, reports, and others
Paid Databases
  • We gather information from commercial data sources for deriving company specific data such as segmental revenue, share for geography, product revenue, and others
  • Internal and external proprietary databases (industry-specific), relevant patent, and regulatory databases
Industry Associations
  • Governing Bodies, Government Organizations
  • Relevant Authorities, Country-specific Associations for Industries

We also employ the model mapping approach to estimate the product level market data through the players product portfolio

Primary Research

Primary research/ interviews is vital in analyzing the market. Most of the cases involves paid primary interviews. Primary sources includes primary interviews through e-mail interactions, telephonic interviews, surveys as well as face-to-face interviews with the different stakeholders across the value chain including several industry experts.

Respondent Profile and Number of Interviews
Type of Respondents Number of Primaries
Tier 2/3 Suppliers~20
Tier 1 Suppliers~25
End-users~25
Industry Expert/ Panel/ Consultant~30
Total~100

MG Knowledgebase
• Repository of industry blog, newsletter and case studies
• Online platform covering detailed market reports, and company profiles

Forecasting Factors and Models
Forecasting Factors
  • Historical Trends – Past market patterns, cycles, and major events that shaped how markets behave over time. Understanding past trends helps predict future behavior.
  • Industry Factors – Specific characteristics of the industry like structure, regulations, and innovation cycles that affect market dynamics.
  • Macroeconomic Factors – Economic conditions like GDP growth, inflation, and employment rates that affect how much money people have to spend.
  • Demographic Factors – Population characteristics like age, income, and location that determine who can buy your product.
  • Technology Factors – How quickly people adopt new technology and how much technology infrastructure exists.
  • Regulatory Factors – Government rules, laws, and policies that can help or restrict market growth.
  • Competitive Factors – Analyzing competition structure such as degree of competition and bargaining power of buyers and suppliers.
Forecasting Models/ Techniques

Multiple Regression Analysis

  • Identify and quantify factors that drive market changes
  • Statistical modeling to establish relationships between market drivers and outcomes

Time Series Analysis – Seasonal Patterns

  • Understand regular cyclical patterns in market demand
  • Advanced statistical techniques to separate trend, seasonal, and irregular components

Time Series Analysis – Trend Analysis

  • Identify underlying market growth patterns and momentum
  • Statistical analysis of historical data to project future trends

Expert Opinion – Expert Interviews

  • Gather deep industry insights and contextual understanding
  • In-depth interviews with key industry stakeholders

Multi-Scenario Development

  • Prepare for uncertainty by modeling different possible futures
  • Creating optimistic, pessimistic, and most likely scenarios

Time Series Analysis – Moving Averages

  • Sophisticated forecasting for complex time series data
  • Auto-regressive integrated moving average models with seasonal components

Econometric Models

  • Apply economic theory to market forecasting
  • Sophisticated economic models that account for market interactions

Expert Opinion – Delphi Method

  • Harness collective wisdom of industry experts
  • Structured, multi-round expert consultation process

Monte Carlo Simulation

  • Quantify uncertainty and probability distributions
  • Thousands of simulations with varying input parameters
Research Analysis

Our research framework is built upon the fundamental principle of validating market intelligence from both demand and supply perspectives. This dual-sided approach ensures comprehensive market understanding and reduces the risk of single-source bias.

Demand-Side Analysis: We understand end-user/application behavior, preferences, and market needs along with the penetration of the product for specific application.
Supply-Side Analysis: We estimate overall market revenue, analyze the segmental share along with industry capacity, competitive landscape, and market structure.

Validation & Evaluation

Data triangulation is a validation technique that uses multiple methods, sources, or perspectives to examine the same research question, thereby increasing the credibility and reliability of research findings. In market research, triangulation serves as a quality assurance mechanism that helps identify and minimize bias, validate assumptions, and ensure accuracy in market estimates.

  • Data Source Triangulation – Using multiple data sources to examine the same phenomenon
  • Methodological Triangulation – Using multiple research methods to study the same research question
  • Investigator Triangulation – Using multiple researchers or analysts to examine the same data
  • Theoretical Triangulation – Using multiple theoretical perspectives to interpret the same data
Data Triangulation Flow Diagram

Custom Market Research Services

We Will Customise The Research For You, In Case The Report Listed Above Does Not Meet With Your Requirements

Get 10% Free Customisation