Middle East & Africa Vegan Cosmetics Market Size & Outlook
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MEA vegan cosmetics market highlights
- The MEA vegan cosmetics market generated a revenue of USD 1,290.1 million in 2022.
- The market is expected to grow at a CAGR of 4.5% from 2023 to 2030.
- In terms of segment, skin care was the largest revenue generating product in 2022.
- Hair care is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 1,290.1 million |
| Market revenue in 2030 | USD 1,833.9 million |
| Growth rate | 4.5% (CAGR from 2022 to 2030) |
| Largest segment | Skin care |
| Fastest growing segment | Hair care |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skin care, Hair care, Color cometics |
| Key market players worldwide | Moderna Inc, L'Oreal SA, Arbonne International, Nature's Brands, Bello & Eco, Human Care Blossoms, Jean-Charles Brosseau |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.9% of the global vegan cosmetics market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,161.0 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Vegan Cosmetics Market Scope
Vegan Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Jean-Charles Brosseau | View profile | 11-50 | Paris, Ile-de-France, France, Europe | https://www.jcbrosseau.com/fr |
| Human Care Blossoms | View profile | 101-250 | Kumamoto-shi, Kumamoto, Japan, Asia | https://hc-b.com/ |
| Bello & Eco | View profile | 1-10 | Delden, Overijssel, The Netherlands, Europe | https://www.bello-eco.com/ |
| Moderna Inc | View profile | 5600 | 200 Technology Square, Cambridge, MA, United States, 02139 | https://www.modernatx.com |
| Nature's Brands | View profile | 11-50 | Chattanooga, Tennessee, United States, North America | https://www.naturesbrands.com/ |
| Arbonne International | View profile | 10001+ | Irvine, California, United States, North America | http://www.arbonne.com/ |
| L'Oreal SA | View profile | 94605 | 41, Rue Martre, Clichy Cedex, Paris, France, 92117 | https://www.loreal.com |
Middle East & Africa vegan cosmetics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vegan cosmetics market will help companies and investors design strategic landscapes.
Skin care was the largest segment with a revenue share of 33.9% in 2022. Horizon Databook has segmented the Middle East & Africa vegan cosmetics market based on skin care, hair care, color cometics covering the revenue growth of each sub-segment from 2018 to 2030.
Exploding population, fast-growing middle-class individuals, improved business regulations and rising urbanizations are the major driving factors for the cosmetics market Middle East and Africa. According to a survey by Procter and Gamble, in Middle East, per capita spending on cosmetics is around 10% more as compared to developed countries.
This factor is pushing multiple players to tap into this potential market for their future business growth. Deodorants, skin care cosmetics and hair care vegan products are gaining significant importance, owing to the varied climatic conditions prevailing in this region. This gives large opportunities for existing as well as new companies to enter these untapped markets.
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Target buyers of Middle East & Africa vegan cosmetics market databook
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Our clientele includes a mix of vegan cosmetics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa vegan cosmetics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa vegan cosmetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA vegan cosmetics market size, by country, 2018-2030 (US$M)
Middle East & Africa Vegan Cosmetics Market Outlook Share, 2022 & 2030 (US$M)
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