North America Vegan Cosmetics Market Size & Outlook
The vegan cosmetics market in North America is expected to reach a projected revenue of US$ 7,610.3 million by 2030. A compound annual growth rate of 6.5% is expected of North America vegan cosmetics market from 2023 to 2030.
The North America vegan cosmetics market generated a revenue of USD 4,609.0 million in 2022.
The market is expected to grow at a CAGR of 6.5% 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, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
Market revenue in 2022
USD 4,609.0 million
Market revenue in 2030
USD 7,610.3 million
Growth rate
6.5% (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, North America region accounted for 28.3% 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.
North American cosmetics market is fast growing compared to other regions. According to the CEO of L’Oréal, demand for cosmetics in North America is expected to be gradually rising especially the vegan cosmetics sector. Presently, rising demand for herbal cosmetics is witnessed in this region.
In addition, changing lifestyle of individuals coupled with increasing awareness about the vegan ingredients and associated benefits, is also contributing to the increased sales of cosmetics in North America.
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 Outlook will help companies and investors design strategic landscapes.
Skin Care was the largest segment with a revenue share of 34.19% in 2022.
Horizon Databook has segmented the North America vegan cosmetics market based on skin care, hair care, color cometics covering the revenue growth of each sub-segment from 2018 to 2030.
North American cosmetics market is fast growing compared to other regions. According to the CEO of L’Oréal, demand for cosmetics in North America is expected to be gradually rising especially the vegan cosmetics sector. Presently, rising demand for herbal cosmetics is witnessed in this region.
In addition, changing lifestyle of individuals coupled with increasing awareness about the vegan ingredients and associated benefits, is also contributing to the increased sales of cosmetics in North America.
North America Vegan Cosmetics Market Product Outlook (Revenue, USD Million , 2018-2030)
Skin care
Hair care
Color cometics
Others
North America Vegan Cosmetics Market Market Outlook (Revenue, USD Million , 2018-2030)
Hypermarkets and Supermarkets
Specialty Stores
E-Commerce
Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America Vegan Cosmetics Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Vegan Cosmetics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Vegan Cosmetics Market, 2018-2030 (US$M)