News

Vegan Beauty Industry to Be Worth $21 Billion by 2025

The global vegan cosmetics industry is set to nearly double as consumers become increasingly aware of animal cruelty in the beauty industry, and brands adjust product portfolios to accommodate the shift.

A new report compiled by market research firm Grand View Research (GVR) projected the worth of the global vegan cosmetics industry to reach $20.8 billion by 2025—up from $12.9 billion in 2017. GVR explained that growth in the vegan beauty industry—which it expects to steadily increase at a compounded annual growth rate of 6.3 percent—is primarily attributed to the increased consumer concern about animal welfare. “Spiraling demand for vegan cosmetics among millennials is one of the primary growth stimulants of the market,” the report stated. “Major cosmetics manufacturing companies across the globe are realizing the importance of making products that use ingredients, which are mineral-based or plant-based, rather than manufacturing products that are infused with animal-extracted ingredients. Vegan cosmetics are gaining popularity due to their superior properties.” A number of popular cosmetics brands, including Milk Makeup and Hourglass Cosmetics, have pledged to remove animal products from their collections to support the growing trend of vegan beauty products. In a separate report, GVR projected positive growth for vegan leather in the fashion industry, predicting that it will be a $85 billion global industry by 2025.

Photo courtesy of Hourglass Cosmetics

More News

Vegan Eatery Expands to Serve Historic Black Town

Jenn Ross—the bubbly owner of gas-station vegan café DaJen Eats—will soon bring her irie Jamaican food to Eatonville, FL, one of the country's first self-governing all-black districts.
Read More »

Dairy Farmers Make Beer as Milk Industry Sours

Massachusetts dairy farm Carter & Stevens converted part of its facility into a brewery to offset losses incurred by low prices and decreased demand for milk.
Read More »

The Hamptons Gets Its First Vegan Café

New York's luxury vacation destination will soon be home to the Plant Based Coffee Shop, where hearty vegan food will make for a cruelty-free getaway.
Read More »

CA Senate Passes Mandatory Vegan Prison-Food Bill

State prisons, nursing homes, and hospitals may soon be required to have at least one plant-based meal option.
Read More »

Natalie Portman Survives Fiery Vegan Wings on Hot Ones

The vegan actress makes her way through the gamut of hot sauces on the series as she explains her dedication to veganism and promotes documentary Eating Animals.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »