North America Vegan Cosmetics Market Insights Forecasts to 2032

• The North America Vegan Cosmetics Market Size was valued at USD XX Billion in 2022.
• The Market Size is Growing at a CAGR of XX from 2022 to 2032.
• The North America Vegan Cosmetics Market Size is expected to reach XX Billion by 2032.

The North America Vegan Cosmetics Market Size is expected to reach USD XX Billion by 2032, at a CAGR of XX during the forecast period 2022 to 2032.

Market Overview

Vegan cosmetics products have no known side effects because they are made from natural ingredients and are free of chemicals. Vegan cosmetics are not harmful to skin because they are 100% vegetarian and are free of colorants, butylated hydroxytoluene, formaldehyde, and silicone. Vegan cosmetics are never tested on animals. They are free of beeswax, collagen, gelatin, honey, carmine, cholesterol, milk, lanolin, shellac, and other animal-derived ingredients, making them both healthier and more humane. In the cosmetics industry, North American brands are known for their innovative formulations and product development. Many North American companies are pioneering the development of high-quality vegan alternatives to conventional beauty products. They invest in research and development to ensure that vegan cosmetics perform, feel, and function similarly to non-vegan counterparts. Many well-known celebrities and social media influencers actively promote vegan cosmetics in North America, which has a vibrant celebrity and influencer culture. Furthermore, several governments around the North America are implementing strict guidelines and issuing regulations regarding animal testing. Furthermore, a growing preference for organic and plant-based personal care and beauty products is propelling the global vegan cosmetics market forward.

Report Coverage

This research report categorizes the market for North America vegan cosmetics market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America vegan cosmetics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the North America vegan cosmetics market.

Driving Factors

In North America, there has been a steady increase in demand for vegan cosmetics. Individuals are actively seeking out plant-based alternatives, which is propelling the vegan cosmetics market forward. As a result, an increasing number of companies and entrepreneurs are focusing on creating innovative vegan cosmetics products to meet consumer demand. The increased availability of vegan cosmetics products provides consumers with more options, making it easier for them to adopt or maintain a plant-based lifestyle. Furthermore, many North Americans are becoming more health-conscious and looking for plant-based alternatives for a variety of reasons. Vegan products, which are typically free of animal-derived ingredients, can provide health benefits such as lower cholesterol, lower saturated fat intake, and increased intake of fibers.

Restraining Factors

Vegan cosmetics are becoming more and more popular around the world, but the fastest-growing prevalence of fake goods is impeding the growth of the vegan cosmetics market. Furthermore, the widespread availability of counterfeit products in the cosmetics category makes it even more difficult for genuine vegan cosmetic brands to compete in domestic and international markets.

Market Segment

• In 2022, the skin care segment accounted for the largest revenue share over the forecast period.

Based on the type, the North America vegan cosmetics market is segmented into skin care, hair care, color cosmetics, others. Among these, the skin care segment has the largest revenue share over the forecast period. Vegan skincare cosmetics products contain more antioxidants, which are beneficial compounds that can help to protect the skin from disease. Vegan skincare cosmetics products are don’t harsh on skin and better for environment.

• In 2022, the women segment accounted for the largest revenue share over the forecast period.

On the basis of gender, the North America vegan cosmetics market is segmented into men and women. Among these, the women segment has the largest revenue share over the forecast period. Some consider it is an essential component of self-care of women daily routine. Women all over the world rely on beauty products because they give them confidence. It will help them to improve boost self-confidence.

• In 2022, the economic segment is expected to hold the largest share of the North America vegan cosmetics market during the forecast period.          

Based on the distribution channel, the North America vegan cosmetics market is classified into economic and premium. Among these, the economic segment is expected to hold the largest share of the North America vegan cosmetics market during the forecast period. The growth of this segment can be attributed to the widespread use of economical vegan cosmetic products by global consumers, owing to their low prices and wide availability.

• In 2022, the women segment accounted for the largest revenue share over the forecast period.

On the basis of gender, the North America vegan cosmetics market is segmented into specialist retail stores, supermarket/hypermarket, online channels and others. Among these, the specialist retail stores segment has the largest revenue share over the forecast period. These stores have focused on offering a variety of products, including vegan cosmetics, to cater to customers and give them the option of selecting from a variety of brands before making a purchase. Furthermore, these stores offer discounts and vouchers on such products, which has increased foot traffic in these stores.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America vegan cosmetics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Billy Jealousy
• Ecco Bella
• Emma Jean Cosmetics
• Modern Minerals Makeup
• Gabrielcosmetics
• Emi Jay
• Pacifica
• Seraphine Botanicals 
• COTY INC
• Billy jealousy

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• On October 2023, Emi Jay, a hair accessory brand based in the United States, is launching its first styling product, Angelstick, into the hair care market.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the North America vegan cosmetics market based on the below-mentioned segments:

North America Vegan Cosmetics Market, By Product Type

• Skin care
• Hair Care
• Color Cosmetics
• Others

North America Vegan Cosmetics Market, By Gender

• Men
• Women

North America Vegan Cosmetics Market, By Price Range

• Economic
• Premium

North America Vegan Cosmetics Market, By Distribution Channel

• Specialist Retail Stores
• Supermarket/Hypermarket
• Online Channels
• Others

North America Vegan Cosmetics Market, By Country

• United States
• Canada
• Mexico
• Rest of North America