U.S. Vegan Cosmetics Market Size & Outlook, 2022-2030
The vegan cosmetics market in the United States is expected to reach a projected revenue of US$ 6,073.1 million by 2030. A compound annual growth rate of 6.3% is expected of the United States vegan cosmetics market from 2023 to 2030.
The U.S. vegan cosmetics market generated a revenue of USD 3,727.6 million in 2022 and is expected to reach USD 6,073.1 million by 2030.
The U.S. market is expected to grow at a CAGR of 6.3% 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 3,727.6 million
Market revenue in 2030
USD 6,073.1 million
Growth rate
6.3% (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, U.S. accounted for 22.9% 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 North America, U.S. vegan cosmetics market is projected to lead the regional market in terms of revenue in 2030.
U.S. is the fastest growing regional market in North America and is projected to reach USD 6,073.1 million by 2030.
Veganism is increasingly gaining importance across the U.S., fueled majorly by the youngsters aged between 16 to 24. Not only is the population curbing use of cosmetic brushes made out of animal skins and byproducts but have also significantly decreased usage of any other cosmetics, which are made from animal extracts or are tested on animals.
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 34.09% in 2022.
Horizon Databook has segmented the U.S. vegan cosmetics market based on skin care, hair care, color cometics covering the revenue growth of each sub-segment from 2018 to 2030.
Veganism is increasingly gaining importance across the U.S., fueled majorly by the youngsters aged between 16 to 24. Not only is the population curbing use of cosmetic brushes made out of animal skins and byproducts but have also significantly decreased usage of any other cosmetics, which are made from animal extracts or are tested on animals.
U.S. Vegan Cosmetics Market Product Outlook (Revenue, USD Million , 2018-2030)
Skin care
Hair care
Color cometics
Others
U.S. 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 country-level data and insights on the U.S. Vegan Cosmetics Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.S. Vegan Cosmetics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.