Vegan Cosmetics Market to Reach USD 26.16 Billion by 2030, Fueled by Shifting Consumer Ethics and Plant-Based Innovation

The global vegan cosmetics market continues its robust upward trajectory, valued at USD 15.17 billion in 2021, and projected to reach USD 26.16 billion by 2030, growing at a CAGR of 6.3% from 2022 to 2030. This momentum is primarily driven by the global surge in vegan consumerism, as ethically conscious consumers increasingly demand cruelty-free, plant-based beauty solutions.

 Download Sample Pages- https://www.theresearchinsights.com/request_sample?id=120

Concerns over animal welfare, environmental sustainability, and ingredient transparency are prompting a shift away from animal-derived ingredients. As consumers become more mindful of the ethical and environmental impact of their purchases, vegan cosmetics are emerging as a mainstream choice, reshaping the beauty industry landscape.

Buy the report - https://www.theresearchinsights.com/license?id=120

Competitive Landscape & Key Developments

The vegan cosmetics sector comprises a mix of established global players and emerging niche brands, fostering strong competition and innovation. Key players are focusing on product development, brand partnerships, and sustainability initiatives to strengthen market presence.

Recent Highlights:

  • Colorbar (Jan 2022) launched a vegan nail lacquer line in India, offering 128 vibrant shades.

  • Hourglass (Mar 2021) partnered with Unilever to introduce carmine-free vegan lipsticks, enhancing ethical options.

  • Kat Von D Beauty (Apr 2019) released a 100% vegan mascara infused with sunflower and olive oils, promoting plant-based innovation.

  • Distribution Channel Insights

    Specialty Stores

    Specialty stores held the largest market share (35.7%) in 2021, owing to their curated product offerings and personalized service. These retailers offer consumers access to a variety of niche vegan brands, often complemented by discounts and loyalty programs that enhance foot traffic and customer retention.

    Hypermarkets & Supermarkets

    With a 24.8% share, traditional retail remains an important channel for vegan cosmetics. Located close to residential hubs and offering convenience, these stores are increasingly stocking vegan products in response to shifting preferences.

    E-commerce

    Online platforms are the fastest-growing distribution channel, forecasted to grow at a CAGR of 8.8%. The rise in internet accessibility, social media influence, and targeted digital campaigns has dramatically boosted online sales. Platforms like Blanka and retailers like Boohoo—which recently added over 50 vegan products—underscore the rapid expansion of vegan beauty in digital marketplaces.

    Product Insights

    Skin Care

    Accounting for approximately 34.01% of total revenue in 2021, vegan skincare remains the largest segment. Consumers are gravitating toward plant-based formulations for their gentle, non-irritating properties, with benefits including reduced skin irritation, acne, and sensitivity. As awareness of skincare ingredient sourcing grows, vegan options continue to gain favor for their natural and holistic appeal.

Comments

Post a Comment

Popular posts from this blog

Global Single Cell Analysis Market Poised for Significant Growth Through 2034, Driven by Precision Medicine and Advancements in Genomics

 A newly released report titled “ Single Cell Analysis Market Size, Share & Trends Analysis Report by Product [Consumables (Reagents, Assay Kits), Instruments (Microscopes, Hemocytometers, Flow Cytometers, Next Generation Sequencing, PCR Systems, High-content Screening Systems, Cell Microarrays, Single Live Cell Imaging, Automated Cell Counters)], Application (Cancer, Immunology, Neurology, Stem Cell, Non-invasive Prenatal Diagnosis, In-vitro Fertilization, Others), Workflow (Single Cell Isolation & Library Preparation, Downstream Analysis, Data Analysis), End-use (Academic and Research Laboratories, Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostic Laboratories, Others), Geography – Global Forecast to 2034” delivers critical insights into one of the fastest-growing segments in life sciences. As research institutions and biopharmaceutical companies intensify their focus on personalized medicine, cell heterogeneity, and molecular diagnostics, the single...
Read more

Collagen & Gelatin Market to Witness Robust Growth Through 2034 Driven by Expanding Applications Across Food, Pharma, and Beauty Industries

 A newly released market research report titled " Collagen & Gelatin Market Size, Share & Trends Analysis Report – Global Forecast to 2034" highlights the dynamic evolution of the global collagen and gelatin industry. With expanding applications across food, pharmaceuticals, cosmetics, and healthcare sectors, the market is poised for significant growth over the forecast period. Market Overview Collagen and gelatin, known for their functional and bioactive properties, are increasingly utilized in industries ranging from food to medical devices. Driven by the rising demand for clean-label ingredients, protein-rich diets, and anti-aging solutions, this market is expected to exhibit a strong compound annual growth rate (CAGR) through 2034. Download Sample Pages -  https://www.theresearchinsights.com/request_sample?id=14946 Key Insights: By Product Type: Collagen leads the market, fueled by its rising incorporation in skincare, supplements, and tissue engineering...
Read more

Global Shunt Capacitor Market to Reach USD 1.61 Billion by 2030, Driven by Grid Modernization and Renewable Energy Integration

The global shunt capacitor market is set to grow significantly, with a market size estimated at USD 1.08 billion in 2024 and projected to reach USD 1.61 billion by 2030 , expanding at a CAGR of 7.0% during the forecast period. This growth is driven by the escalating demand for reliable electricity distribution, the integration of renewable energy sources, and the modernization of aging grid infrastructure.  Download Sample Pages-  https://www.theresearchinsights.com/request_sample?id=102 Buy the report -  https://www.theresearchinsights.com/license?id=102 Regional Insights Asia Pacific With a 45.04% market share in 2024 , Asia Pacific leads global demand for shunt capacitors. The region's surging energy consumption, growing industrial base, and massive renewable energy investments make it a hotspot for capacitor deployment. Countries such as India and China are aggressively expanding grid infrastructure to meet increasing electricity demands. China Trends China is inv...
Read more