Top Companies in Vegan Cosmetics Market | Top Key Players Market Insights, Statistics, Future Scope, Growth, Sales Volume, | Vantage Market Research
Vegan Cosmetics are those that do not contain animal ingredients, such as beeswax or collagen, and are used to beautify, maintain hygiene, or change or enhance the appearance of its users.
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Market Overview:
The Global Vegan Cosmetics Market was valued at USD 15.1 Billion in 2021 and is expected to reach a value of USD 21.5 Billion by 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 6.1% over the forecast period. Vegan Cosmetics refers to organic beauty products that primarily include plant-based extracts and environmental-friendly materials. These products are cruelty-free as they do not mix animal-based products or harmful chemicals. Vegan Cosmetics contain a rich amount of naturally extracted vitamins, minerals, antioxidants, gelatine, etc. These beauty products have several benefits over chemical-based cosmetics that can solve problems by reducing skin malnourishment, skin acne, and improving skin health. As a result, Vegan Cosmetic products are available in various forms, including Facial Beauty, Eye Cosmetics, Nail Makeup Products, and Hair Styling.
Furthermore, the increasing influence of beauty trends through social media platforms, along with the rising number of celebrities’ support for promoting the use of Vegan Cosmetics, also boosts the product demand. Apart from the regular cosmetics available for women, several manufacturers are also introducing vegan men grooming products catering to their changing preferences and requirements in the market. Additionally, the need for e-commerce platforms has increased the product offerings accompanied by heavy discounts, doorstep delivery, and secured transaction gateways. These factors further contributed to the {{keyword}} market growth.
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Some of the key players operating in the Vegan Cosmetics Market are listed below:
|
Company Name |
Revenue in the US |
|
$24 Million |
|
$2 Billion |
|
$300 Million |
|
<$5 Million |
|
$4 Billion |
|
<$5 Million |
|
<$5 Million |
|
$10 Million |
Lauri Minc, a former art teacher in East Los Angeles, founded Milani under one principle: "Beauty is alive, real, and should be accessible to everyone." Wanting to make high-end cosmetics at a drugstore price, Milani started as a brand for multicultural consumers, faithful to bringing beauty to those who often overlooked the beauty counter—the brand was one of the first to showcase diverse models in-store. The company was founded in the year 2001.
Kosé Corporation is a Japanese multinational personal care company with cosmetics, skincare, and hair care products. The company is founded in the year 1948.
Urban Decay, an American cosmetic brand headquartered in Newport Beach, California, is a subsidiary of the French cosmetic company L’Oreal. Current products include eye, lip, complexion, and body products. They are most famous for their Naked collection, which contains twelve eye shadow palettes. It was founded in the year 1996.
Wet n Wild is a division of Markwins North America, a global consumer products company. Markwins is a world leader in cosmetic and beauty care products and has been in business for nearly two decades. It was founded in the year 1979.
Lush produces creams, soaps, shampoos, shower gels, lotions, moisturizers, fragrances, scrubs, toothpaste tablets, masks, and other cosmetics for the hair, face, and body using only vegetarian or vegan recipes. In 2016, Lush produced 41 million products, of which 13.3 million were bath bombs. The Company was founded in the year 1995.
KVD Vegan Beauty creates high-performance, cruelty-free makeup that has disrupted the industry since its debut in 2008. As a vegan makeup brand, they changed the beauty world. They redefined Vegan Cosmetics in 2016 when they reformulated their entire line to include 100% vegan makeup without sacrificing the performance they are known for. The Company was founded in the year 2008.
Emma Jean Cosmetics offers beautiful salon-quality vegan nail polish. They go the extra mile to ensure that their products do not contain harmful ingredients such as Toluene, Formaldehyde, Camphor, and Dibutyl Phthalates.
Zuzu Luxe was founded by Gabriel De Santino in 1992. The company originated as a botanical skincare company drawing on Gabriel's personal influence experiences of homeopathic skincare and cosmetics.
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