Market revenue for vegan beauty and personal care products has shown a steady upward trajectory. In 2021, revenue stood at $10,600 million, and is projected to reach $41,200 million by 2035, underscoring strong consumer migration towards vegan and cruelty-free offerings. This growth is driven by both increased product innovation and heightened consumer awareness worldwide.
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The women's segment remains the predominant application area for vegan beauty and personal care products, accounting for the highest market share in 2025, fueled by an increased focus on ethical and ingredient transparency. Unisex products are rapidly growing as gender-neutral beauty becomes more mainstream. Meanwhile, the men’s segment is seeing steady growth with tailored vegan grooming launches.
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Who are the key players in Global Vegan Beauty And Personal Care Products industry?
Key players include L'Oréal, Unilever, Coty Inc., Estée Lauder Companies, and Pacifica Beauty. These companies lead the market by offering innovative and certified vegan products, expanding their portfolios, and focusing on sustainability to meet the increasing global demand for ethical and cruelty-free beauty and personal care solutions.
What is the Global Vegan Beauty And Personal Care Products growth?
The Global Vegan Beauty And Personal Care Products market has witnessed significant growth, with a CAGR above 7% in recent years. In 2023, L'Oréal reported strong double-digit growth in its vegan product portfolio, attributed to rising consumer demand for clean, ethical and cruelty-free ingredients worldwide.
Which segment accounted for the largest Global Vegan Beauty And Personal Care Products share?
The skincare segment held the largest market share in the Global Vegan Beauty And Personal Care Products industry. Consumers are increasingly prioritizing plant-based formulations for facial care, moisturizers, and sunscreens. Brands like The Body Shop and Paula's Choice have expanded their vegan skincare offerings to capitalize on this trend.
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