South Africa Vegan Cosmetics Market Size & Outlook
The vegan cosmetics market in South Africa is expected to reach a projected revenue of US$ 566.7 million by 2030. A compound annual growth rate of 3.5% is expected of South Africa vegan cosmetics market from 2023 to 2030.
- Consumer Goods
- Beauty & Personal Care
- Vegan Cosmetics Market Outlook
- Beauty & Personal Care
Revenue, 2022 (US$M)
$431.8
Forecast, 2030 (US$M)
$566.7
CAGR, 2023 - 2030
3.5%
Report Coverage
South Africa
South Africa Vegan Cosmetics Market, 2018-2030 (US$M)
Global Market
Related Markets
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South Africa vegan cosmetics market highlights
- The South Africa vegan cosmetics market generated a revenue of USD 431.8 million in 2022 and is expected to reach USD 566.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.5% 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.
Vegan cosmetics market data book summary
| Market revenue in 2022 | USD 431.8 million |
| Market revenue in 2030 | USD 566.7 million |
| Growth rate | 3.5% (CAGR from 2022 to 2030) |
| Largest segment | Skin care |
| Fastest growing segment | Hair care |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, South Africa accounted for 2.6% of the global vegan cosmetics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa vegan cosmetics market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 566.7 million by 2030.
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Vegan Cosmetics Market Scope
Vegan Cosmetics Market segmentation & scope
Vegan Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| L'Oreal SA | View profile | 94,605 | 41, Rue Martre, Clichy Cedex, Paris, France, 92117 | www.loreal.com |
| Arbonne International | View profile | 10001+ | Irvine, California, United States, North America | www.arbonne.com/ |
| Nature's Brands | View profile | 11-50 | Chattanooga, Tennessee, United States, North America | www.naturesbrands.com/ |
| Moderna Inc | View profile | 5,600 | 200 Technology Square, Cambridge, MA, United States, 02139 | www.modernatx.com |
| Bello & Eco | View profile | 1-10 | Delden, Overijssel, The Netherlands, Europe | www.bello-eco.com/ |
| Human Care Blossoms | View profile | 101-250 | Kumamoto-shi, Kumamoto, Japan, Asia | hc-b.com/ |
| Jean-Charles Brosseau | View profile | 11-50 | Paris, Ile-de-France, France, Europe | www.jcbrosseau.com/fr |
South 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 Outlook will help companies and investors design strategic landscapes.
Skin Care was the largest segment with a revenue share of 34.69% in 2022.
Horizon Databook has segmented the South Africa vegan cosmetics market based on skin care, hair care, color cometics covering the revenue growth of each sub-segment from 2018 to 2030.
- South Africa Vegan Cosmetics Market Product Outlook (Revenue, USD Million , 2018-2030)
- Skin care
- Hair care
- Color cometics
- Others
- South Africa Vegan Cosmetics Market Market Outlook (Revenue, USD Million , 2018-2030)
- Hypermarkets and Supermarkets
- Specialty Stores
- E-Commerce
- Others
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- Our clientele includes a mix of Vegan Cosmetics Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa Vegan Cosmetics Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Africa Vegan Cosmetics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Africa Vegan Cosmetics Market, 2018-2030 (US$M)
South Africa vegan cosmetics market statistics, by product, 2018-2030 (US$M)
