LAMEA Vegan Cosmetics Market Size, Share & Trends Analysis Report By Product (Skin Care, Color Cosmetics, Hair Care, and Others), By Distribution Channel, By Country and Growth Forecast, 2024 - 2031

The Latin America, Middle East and Africa Vegan Cosmetics Market would witness market growth of 8.8% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Vegan Cosmetics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $502.4 Million by 2031. The Argentina market is capturing a CAGR of 9.4% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 7.7% during (2024 - 2031).

The increasing awareness and adoption of veganism have also led to significant changes in the beauty industry's landscape. Major cosmetic brands recognize the growing demand for vegan products and are expanding their offerings to include vegan and cruelty-free lines. This shift is not limited to niche or indie brands; mainstream companies like L'Oréal, Unilever, and Procter & Gamble invest in developing vegan products to cater to this burgeoning market. Expanding vegan product lines by established brands helps normalize veganism and make these products more accessible to a broader audience.

Retailers are also responding to the rising demand for vegan cosmetics. Stores such as Sephora, Ulta, and major supermarket chains are increasing their inventory of vegan and cruelty-free products, dedicating shelf space and online categories specifically for these items. This expanded availability facilitates consumers' discovery and acquisition of vegan cosmetics, thereby fostering market expansion. E-commerce platforms, in particular, have become essential in reaching consumers who prefer the convenience of online shopping and who may not have access to a wide range of vegan products locally.

A growing number of Brazilian consumers are becoming more conscious of the importance of animal welfare and environmental sustainability, which is driving the rapid growth of the market for vegan cosmetics in the country. According to the Brazilian Institute of Geography and Statistics (IBGE), there has been a significant shift in consumer preferences towards products that are cruelty-free and free from animal-derived ingredients. The Brazilian government has also supported sustainable practices and encouraged using natural ingredients in cosmetics. Additionally, Brazil has seen legislative changes, with bans on animal cosmetics testing in several states. This regulatory environment, a growing middle class, and increased disposable incomes have contributed to the country's vegan cosmetics market expansion. Thus, the LAMEA vegan cosmetics market shows immense growth potential.

Free Valuable Insights: The Worldwide Vegan Cosmetics Market is Projected to reach USD 24.9 billion by 2031, at a CAGR of 6.1%

Based on Product, the market is segmented into Skin Care, Color Cosmetics, Hair Care, and Others. Based on Distribution Channel, the market is segmented into Specialty Stores, Hypermarkets & Supermarkets, E-commerce, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

• LVMH SE
• Weleda AG
• Emma Jean Cosmetics, INC
• Monave
• Pacifica Beauty LLC
• NAOS
• Amway Corporation
• Clarins Group SA
• L'Oréal S.A.
• grüum Europe Ltd. (grüum)

LAMEA Vegan Cosmetics Market Report Segmentation

By Product

• Skin Care
• Color Cosmetics
• Hair Care
• Others

By Distribution Channel

• Specialty Stores
• Hypermarkets & Supermarkets
• E-commerce
• Others

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Vegan Cosmetics Market, by Product
1.4.2 LAMEA Vegan Cosmetics Market, by Distribution Channel
1.4.3 LAMEA Vegan Cosmetics Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. LAMEA Vegan Cosmetics Market by Product
4.1 LAMEA Skin Care Market by Country
4.2 LAMEA Color Cosmetics Market by Country
4.3 LAMEA Hair Care Market by Country
4.4 LAMEA Others Market by Country

Chapter 5. LAMEA Vegan Cosmetics Market by Distribution Channel
5.1 LAMEA Specialty Stores Market by Country
5.2 LAMEA Hypermarkets & Supermarkets Market by Country
5.3 LAMEA E-commerce Market by Country
5.4 LAMEA Others Market by Country

Chapter 6. LAMEA Vegan Cosmetics Market by Country
6.1 Brazil Vegan Cosmetics Market
6.1.1 Brazil Vegan Cosmetics Market by Product
6.1.2 Brazil Vegan Cosmetics Market by Distribution Channel
6.2 Argentina Vegan Cosmetics Market
6.2.1 Argentina Vegan Cosmetics Market by Product
6.2.2 Argentina Vegan Cosmetics Market by Distribution Channel
6.3 UAE Vegan Cosmetics Market
6.3.1 UAE Vegan Cosmetics Market by Product
6.3.2 UAE Vegan Cosmetics Market by Distribution Channel
6.4 Saudi Arabia Vegan Cosmetics Market
6.4.1 Saudi Arabia Vegan Cosmetics Market by Product
6.4.2 Saudi Arabia Vegan Cosmetics Market by Distribution Channel
6.5 South Africa Vegan Cosmetics Market
6.5.1 South Africa Vegan Cosmetics Market by Product
6.5.2 South Africa Vegan Cosmetics Market by Distribution Channel
6.6 Nigeria Vegan Cosmetics Market
6.6.1 Nigeria Vegan Cosmetics Market by Product
6.6.2 Nigeria Vegan Cosmetics Market by Distribution Channel
6.7 Rest of LAMEA Vegan Cosmetics Market
6.7.1 Rest of LAMEA Vegan Cosmetics Market by Product
6.7.2 Rest of LAMEA Vegan Cosmetics Market by Distribution Channel

Chapter 7. Company Profiles
7.1 LVMH SE
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 SWOT Analysis
7.2 Weleda AG
7.2.1 Company overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Product Launches and Product Expansions:
7.2.5 SWOT Analysis
7.3 Emma Jean Cosmetics, INC.
7.3.1 Company Overview
7.4 Monave
7.4.1 Company Overview
7.5 Pacifica Beauty LLC
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Geographical Expansions:
7.5.3 SWOT Analysis
7.6 NAOS
7.6.1 Company Overview
7.7 Amway Corporation
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.7.3 SWOT Analysis
7.8 Clarins Group SA
7.8.1 Company Overview
7.9 L'Oreal S.A.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Recent strategies and developments:
7.9.4.1 Acquisition and Mergers:
7.9.5 SWOT Analysis
7.10. grüum Europe Ltd. (grüum)
7.10.1 Company Overview
7.10.2 SWOT Analysis

TABLE 1 LAMEA Vegan Cosmetics Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Vegan Cosmetics Market, 2024 - 2031, USD Million
TABLE 3 LAMEA Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
TABLE 4 LAMEA Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
TABLE 5 LAMEA Skin Care Market by Country, 2020 - 2023, USD Million
TABLE 6 LAMEA Skin Care Market by Country, 2024 - 2031, USD Million
TABLE 7 LAMEA Color Cosmetics Market by Country, 2020 - 2023, USD Million
TABLE 8 LAMEA Color Cosmetics Market by Country, 2024 - 2031, USD Million
TABLE 9 LAMEA Hair Care Market by Country, 2020 - 2023, USD Million
TABLE 10 LAMEA Hair Care Market by Country, 2024 - 2031, USD Million
TABLE 11 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 12 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 13 LAMEA Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 14 LAMEA Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 15 LAMEA Specialty Stores Market by Country, 2020 - 2023, USD Million
TABLE 16 LAMEA Specialty Stores Market by Country, 2024 - 2031, USD Million
TABLE 17 LAMEA Hypermarkets & Supermarkets Market by Country, 2020 - 2023, USD Million
TABLE 18 LAMEA Hypermarkets & Supermarkets Market by Country, 2024 - 2031, USD Million
TABLE 19 LAMEA E-commerce Market by Country, 2020 - 2023, USD Million
TABLE 20 LAMEA E-commerce Market by Country, 2024 - 2031, USD Million
TABLE 21 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 22 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 23 LAMEA Vegan Cosmetics Market by Country, 2020 - 2023, USD Million
TABLE 24 LAMEA Vegan Cosmetics Market by Country, 2024 - 2031, USD Million
TABLE 25 Brazil Vegan Cosmetics Market, 2020 - 2023, USD Million
TABLE 26 Brazil Vegan Cosmetics Market, 2024 - 2031, USD Million
TABLE 27 Brazil Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
TABLE 28 Brazil Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
TABLE 29 Brazil Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 30 Brazil Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 31 Argentina Vegan Cosmetics Market, 2020 - 2023, USD Million
TABLE 32 Argentina Vegan Cosmetics Market, 2024 - 2031, USD Million
TABLE 33 Argentina Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
TABLE 34 Argentina Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
TABLE 35 Argentina Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 36 Argentina Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 37 UAE Vegan Cosmetics Market, 2020 - 2023, USD Million
TABLE 38 UAE Vegan Cosmetics Market, 2024 - 2031, USD Million
TABLE 39 UAE Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
TABLE 40 UAE Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
TABLE 41 UAE Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 42 UAE Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 43 Saudi Arabia Vegan Cosmetics Market, 2020 - 2023, USD Million
TABLE 44 Saudi Arabia Vegan Cosmetics Market, 2024 - 2031, USD Million
TABLE 45 Saudi Arabia Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
TABLE 46 Saudi Arabia Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
TABLE 47 Saudi Arabia Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 48 Saudi Arabia Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 49 South Africa Vegan Cosmetics Market, 2020 - 2023, USD Million
TABLE 50 South Africa Vegan Cosmetics Market, 2024 - 2031, USD Million
TABLE 51 South Africa Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
TABLE 52 South Africa Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
TABLE 53 South Africa Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 54 South Africa Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 55 Nigeria Vegan Cosmetics Market, 2020 - 2023, USD Million
TABLE 56 Nigeria Vegan Cosmetics Market, 2024 - 2031, USD Million
TABLE 57 Nigeria Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
TABLE 58 Nigeria Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
TABLE 59 Nigeria Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 60 Nigeria Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 61 Rest of LAMEA Vegan Cosmetics Market, 2020 - 2023, USD Million
TABLE 62 Rest of LAMEA Vegan Cosmetics Market, 2024 - 2031, USD Million
TABLE 63 Rest of LAMEA Vegan Cosmetics Market by Product, 2020 - 2023, USD Million
TABLE 64 Rest of LAMEA Vegan Cosmetics Market by Product, 2024 - 2031, USD Million
TABLE 65 Rest of LAMEA Vegan Cosmetics Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 66 Rest of LAMEA Vegan Cosmetics Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 67 key Information – LVMH SE
TABLE 68 Key Information – Weleda AG
TABLE 69 Key Information – Emma Jean Cosmetics, INC.
TABLE 70 Key Information – Monave
TABLE 71 Key Information – Pacifica Beauty LLC
TABLE 72 Key Information – NAOS
TABLE 73 Key Information - Amway Corporation
TABLE 74 KEY INFORMATION – CLARINS GROUP SA
TABLE 75 Key Information – L'Oreal S.A.
TABLE 76 Key Information – grüum Europe Ltd.

List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Vegan Cosmetics Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Vegan Cosmetics Market
FIG 4 Porter’s Five Forces Analysis – Vegan Cosmetics Market
FIG 5 LAMEA Vegan Cosmetics Market share by Product, 2023
FIG 6 LAMEA Vegan Cosmetics Market share by Product, 2031
FIG 7 LAMEA Vegan Cosmetics Market by Product, 2020 - 2031, USD Million
FIG 8 LAMEA Vegan Cosmetics Market share by Distribution Channel, 2023
FIG 9 LAMEA Vegan Cosmetics Market share by Distribution Channel, 2031
FIG 10 LAMEA Vegan Cosmetics Market by Distribution Channel, 2020 - 2031, USD Million
FIG 11 LAMEA Vegan Cosmetics Market share by Country, 2023
FIG 12 LAMEA Vegan Cosmetics Market share by Country, 2031
FIG 13 LAMEA Vegan Cosmetics Market by Country, 2020 - 2031, USD Million
FIG 14 SWOT Analysis: LVMH SE
FIG 15 SWOT Analysis: Weleda AG
FIG 16 Swot Analysis: Pacifica Beauty LLC
FIG 17 SWOT Analysis: Amway Corporation
FIG 18 Swot Analysis: L'Oréal S.A.
FIG 19 Swot Analysis: grüum Europe Ltd.