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

By Product Type;

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

By Packaging Type;

Pumps & Dispensers, Compact Cases, Jars, Pencils & Sticks, Tubes, and Others.

By Price Range;

Low, Medium, and High.

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: May, 2025 Updated Date: June, 2025

Vegan Cosmetics Market Overview

Vegan Cosmetics Market (USD Million)

Vegan Cosmetics Market was valued at USD 18,393.48 million in the year 2024. 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%.


Global Vegan Cosmetics Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 6.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.4 %
Market Size (2024)USD 18,393.48 Million
Market Size (2031)USD 28,395.88 Million
Market ConcentrationMedium
Report Pages371
18,393.48
2024
28,395.88
2031

Major Players

  • Lush Cosmetics
  • Kat Von D Beauty
  • Cover FX
  • Pacifica Beauty
  • Urban Decay
  • e.l.f. Cosmetics
  • Tarte Cosmetics
  • Too Faced Cosmetics
  • BareMinerals
  • Milk Makeup

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Vegan Cosmetics Market

Fragmented - Highly competitive market without dominant players


The Vegan Cosmetics Market is gaining momentum as consumer preferences shift toward cruelty-free and plant-based beauty solutions. Over 50% of skincare and makeup users now choose products that align with ethical values, especially those free from animal ingredients. This growing interest is also amplified by lifestyle influencers and increased product transparency.

Clean Beauty Trends Driving Change
The broader movement toward clean, non-toxic skincare is closely tied to the rise of vegan cosmetics. With nearly 47% of buyers prioritizing natural, chemical-free formulas, the demand for safer and more sustainable beauty options is on the rise. This has encouraged brands to eliminate animal by-products and focus on holistic skin wellness.

Natural Innovation in Formulations
Brands are continuously innovating by turning to botanical and plant-derived ingredients as effective substitutes for conventional animal-based inputs. Roughly 38% of new product developments now highlight vegan-friendly formulations, offering efficacy along with ethical appeal. This innovation is driving quality improvements and broader adoption.

Growing Appeal Among Younger Consumers
Vegan cosmetics are resonating strongly with younger generations. With nearly 44% of Gen Z and Millennial consumers regularly purchasing vegan beauty products, this preference is reshaping the industry. Their influence is fostering long-term growth and encouraging inclusive, sustainable product innovation.

  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 Packaging Type
    3. Market Snapshot, By Price Range
    4. Market Snapshot, By Distribution Channel
    5. Market Snapshot, By Region
  4. 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. 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. Vegan Cosmetics Market, By Packaging Type, 2021 - 2031 (USD Million)

      1. Pumps & Dispensers

      2. Compact Cases

      3. Jars

      4. Pencils & Sticks

      5. Tubes

      6. Others

    3. Vegan Cosmetics Market, By Price Range, 2021 - 2031 (USD Million)

      1. Low

      2. Medium

      3. High

    4. Vegan Cosmetics Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Supermarkets/Hypermarkets
      2. Convenience Stores
      3. Specialty Stores
      4. Online Retailers
      5. Others
    5. 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