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North America Vegan Cosmetics Market Size, Share & Trends Analysis Report By Product (Skin Care, Color Cosmetics, Hair Care, and Others), By Distribution Channel, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 85 Pages
  • August 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5992214
The North America Vegan Cosmetics Market would witness market growth of 5.7% CAGR during the forecast period (2024-2031).

The US market dominated the North America Vegan Cosmetics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5.62 billion by 2031. The Canada market is exhibiting a CAGR of 7.9% during (2024 - 2031). Additionally, The Mexico market is experiencing a CAGR of 7% during (2024 - 2031).



The market has undergone a transformative evolution, emerging as one of the most dynamic and rapidly growing sectors within the broader beauty and personal care industry. This expansion is the result of a combination of factors, such as a rise in the popularity of veganism, heightened consumer awareness of ethical consumption, and a surging demand for sustainable and cruelty-free products. The market is prepared to benefit from the move toward more ecologically preferred and ethical alternatives. This is because customers are becoming more conscious of the sources and impacts of the products they purchase.

At its core, the market is defined by products free from animal-derived ingredients that have not been tested on animals. This encompasses a wide range of beauty and personal care items, from skincare and haircare to makeup and fragrances. The principles underpinning vegan cosmetics resonate deeply with a growing segment of consumers who prioritize animal welfare, environmental sustainability, and health-conscious living. This alignment with modern ethical standards has propelled the market forward, attracting dedicated vegans and a broader audience interested in more responsible consumption.

The demand for vegan cosmetics in Mexico is fueled by rising consumer awareness and regulatory changes. According to data from the National Institute of Statistics and Geography (INEGI), there has been an increase in consumer interest in sustainable and ethical products, including vegan cosmetics. This is partly due to the influence of global beauty trends and a growing middle class with disposable income. The Mexican government has also taken steps to support the development of a sustainable cosmetics industry, including regulations promoting cruelty-free practices and using natural ingredients. Hence, this confluence of factors positions the North American vegan cosmetics market for continued expansion in the foreseeable future.

Based on Product, the market is segmented into Skin Care, Color Cosmetics, Hair Care, and Others. Based on Distribution Channel, the market is segmented into Specialty Stores, Hypermarkets & Supermarkets, E-commerce, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • LVMH SE
  • Weleda AG
  • Emma Jean Cosmetics, INC
  • Monave
  • Pacifica Beauty LLC
  • NAOS
  • Amway Corporation
  • Clarins Group SA
  • L'Oréal S.A.
  • grüum Europe Ltd. (grüum)

Market Report Segmentation

By Product
  • Skin Care
  • Color Cosmetics
  • Hair Care
  • Others
By Distribution Channel
  • Specialty Stores
  • Hypermarkets & Supermarkets
  • E-commerce
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Vegan Cosmetics Market, by Product
1.4.2 North America Vegan Cosmetics Market, by Distribution Channel
1.4.3 North America Vegan Cosmetics Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Vegan Cosmetics Market by Product
4.1 North America Skin Care Market by Country
4.2 North America Color Cosmetics Market by Country
4.3 North America Hair Care Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Vegan Cosmetics Market by Distribution Channel
5.1 North America Specialty Stores Market by Country
5.2 North America Hypermarkets & Supermarkets Market by Country
5.3 North America E-commerce Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Vegan Cosmetics Market by Country
6.1 US Vegan Cosmetics Market
6.1.1 US Vegan Cosmetics Market by Product
6.1.2 US Vegan Cosmetics Market by Distribution Channel
6.2 Canada Vegan Cosmetics Market
6.2.1 Canada Vegan Cosmetics Market by Product
6.2.2 Canada Vegan Cosmetics Market by Distribution Channel
6.3 Mexico Vegan Cosmetics Market
6.3.1 Mexico Vegan Cosmetics Market by Product
6.3.2 Mexico Vegan Cosmetics Market by Distribution Channel
6.4 Rest of North America Vegan Cosmetics Market
6.4.1 Rest of North America Vegan Cosmetics Market by Product
6.4.2 Rest of North America Vegan Cosmetics Market by Distribution Channel
Chapter 7. Company Profiles
7.1 LVMH SE
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 SWOT Analysis
7.2 Weleda AG
7.2.1 Company overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Product Launches and Product Expansions:
7.2.5 SWOT Analysis
7.3 Emma Jean Cosmetics, INC.
7.3.1 Company Overview
7.4 Monave
7.4.1 Company Overview
7.5 Pacifica Beauty LLC
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Geographical Expansions:
7.5.3 SWOT Analysis
7.6 NAOS
7.6.1 Company Overview
7.7 Amway Corporation
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.7.3 SWOT Analysis
7.8 Clarins Group SA
7.8.1 Company Overview
7.9 L'Oreal S.A.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Recent strategies and developments:
7.9.4.1 Acquisition and Mergers:
7.9.5 SWOT Analysis
7.10. grüum Europe Ltd. (grüum)
7.10.1 Company Overview
7.10.2 SWOT Analysis

Companies Mentioned

  • LVMH SE
  • Weleda AG
  • Emma Jean Cosmetics, INC
  • Monave
  • Pacifica Beauty LLC
  • NAOS
  • Amway Corporation
  • Clarins Group SA
  • L'Oréal S.A.
  • grüum Europe Ltd. (grüum)

Methodology

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