Europe Vegan Cosmetics Market Overviews
Europe Vegan Cosmetics Market was valued at USD 5.38 billion in 2023. Europe Vegan Cosmetics Market size is estimated to grow at a CAGR of 6.59% over the forecast period.
Vegan cosmetics are eco-friendly and biodegradable products that prioritize sustainability. Many cosmetics companies are now focusing on developing cruelty-free, vegan options instead of relying on animal testing. Vegan cosmetics are formulated using plant-based ingredients, which means they do not contain any animal-derived substances such as honey, beeswax, carmine, cholesterol, gelatin, lanolin, collagen, or albumen. This makes them an excellent choice for individuals with sensitive skin, as they are free from chemicals and animal ingredients.
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Europe Vegan Cosmetics Market Scope and Methodology:
There is a growing consumer demand for plant-based and cruelty-free products, particularly in the cosmetics and personal care sectors. This trend is expected to create significant opportunities for manufacturers of vegan beauty items throughout the forecast period.
As safety becomes a top priority, many consumers are increasingly wary of beauty products containing chemicals, gravitating instead toward those labeled as “natural” and “safe.” This shift is anticipated to further boost the popularity of vegan beauty products in the coming years.
Europe Vegan Cosmetics Market Regional Insights
Geographically, the United Kingdom dominates the Europe Vegan Cosmetics market with a market share of more than xx%. The country is expected to be the largest market for Vegan Cosmetics in Europe, owing in recent years, the rising consumer awareness of the harmful effects of particular chemicals like paraben and aluminium compounds found in skincare, hair care, and deodorants in this region, as well as the rising demand for natural and organic products. The demand for safe, organic, and natural products, as well as the benefits of vegan cosmetics like long-lasting protection and clinical properties, have led to a significant increase in sales of vegan brand beauty products in just the United Kingdom over the past few years. Demand for vegan cosmetics is expected to increase as a result of consumer trends toward veganism, particularly in developed nations like the U.K., France, and Germany. Additionally, in 2023, the beauty sector will account for almost 82 % of all vegan products released in the U.K. Additionally, 97 % of British consumers were found to be looking for more vegan-certified cosmetics and personal care items in 2023, according to The Vegan Society.
Europe Vegan CosmeticsMarket Segmentation
The Europe Vegan Cosmetics Market is categorized by distribution channels, including E-commerce, Hypermarkets/Supermarkets, Department Stores, Specialty Stores, and others. In 2023, the E-commerce sector emerged as the leading segment, capturing over 51% of the market share and is anticipated to maintain this dominance in the coming years. The growth of the E-commerce segment is fueled by targeted marketing strategies and an increase in consumer internet usage. Furthermore, the expansion of online marketplaces globally, especially during the pandemic, has significantly enhanced product sales. For example, Blanka, an online platform that enables brands to showcase their vegan cosmetics, is contributing to industry growth. Additionally, fashion e-commerce retailer Boohoo has recently launched nearly 50 vegan cosmetic products on its website, further expanding the market.
Europe Vegan Cosmetics Market Key Players
Unilever plc (UK)
PHB Ethical Beauty Ltd (UK)
L’Oréal S.A.(France)
Ecco Bella (US)
Billy Jealousy (US)
Modern Minerals Makeup(US)
Natura (Brazil)
International B.V. (Brazil)
INIKA Organic (Australia)
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Key questions answered in the Europe Vegan Cosmetics Market are:
- What is Europe Vegan Cosmetics ?
- What was the Europe Vegan Cosmetics market size in 2023?
- What is the growth rate of the Europe Vegan Cosmetics Market?
- Which are the factors expected to drive the Europe Vegan Cosmetics market growth?
- What are the different segments of the Europe Vegan Cosmetics Market?
- What growth strategies are the players considering to increase their presence in Europe Vegan Cosmetics ?
- What are the upcoming industry applications and trends for the Europe Vegan Cosmetics Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Europe Vegan Cosmetics Market?
- Who are the leading companies and what are their portfolios in Europe Vegan Cosmetics Market?
- What segments are covered in the Europe Vegan Cosmetics Market?
- Who are the key players in the Europe Vegan Cosmetics market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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