Vegan Fashion Market Analysis & Forecast: 2025-2032
The vegan fashion market is estimated to be valued at USD 518.81 Bn in 2025 and is expected to reach USD 849.58 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 7.3% from 2025 to 2032.
Key Takeaways
Market Overview
Vegan Fashion means the product such as footwear, cosmetics, clothing, and others made from natural resources without using any animal by product such as milk, fat, wool, fur, and others. The vegan cosmetics are made of extract from honey, beeswax, organic oil and others. Now a day’s more consumers are focusing on sustainability, which can affect on cosmetic brands to rethink ingredients used in manufacturing. The manufactures are improving sustainability to increase the production & sale of their product. For making the vegan footwear manufactures are used sticky rubber outsole, removable foot bed, water resistant upper, straps, laces, and all other component of the shoe. However, vegan shoes often end up being less expensive rather than animal-based product prices.
Current Events and Its Impact
Current Events |
Description and its Impact |
Growing awareness of animal welfare and environmental sustainability |
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Advancements in plant-based and recycled materials |
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Consumer Feedback and Unmet Needs
Vegan Fashion Market Insights, By Product type: Rising Health-Conscious Consumers is Driving the Footwear Industry
The footwear segment is expected to contribute 35.7% share of the market in 2025, owing to its ethical and eco-friendly approach. Along with that, the health-conscious and stylish choice preference of the consumers is driving to the vegan fashion market growth. Consumers are ditching animal-based material promotes non-violence and sustainability. In recent times, there is an innovation in synthetic leathers, textures, and constructions reflects in not compromising on quality. Vegan material often has a lesser environmental foot print than traditional leather and they are also hypoallergic suitable for sensitive people.
In May 2025, Skechers has introduced its latest summer footwear collection, featuring the new vegan Slip-Ins Sandals designed for effortless wear and enhanced comfort. These sandals incorporate the brand's patented Hands-Free Slip-ins® technology, allowing users to easily slide into their shoes without the need to bend down or use their hands.
Vegan Fashion Market Insights, By Gender: Women Acquires the Largest Vegan Fashion Market Share Owing to the Rising Demand for Cruelty-Free Products
The women segment is expected to contribute the largest shares of the market in 2025, owing to the rising demand for cruelty-free products among female consumers. Women are mainly targeted with the wider variety and availability of vegan fashion items including handbags, shoes, accessories and cosmetics. In October 2024, Allen Solly, a leader in modern fashion, introduced its new line of premium, PETA-approved vegan handbags. With a strong focus on sustainability, this collection blends stylish designs with a commitment to cruelty-free materials and eco-conscious innovation. Women often seek out for vegan products due to ethical, health and environmental concerns. This is further proliferating the vegan fashion market demand.
Vegan Fashion Market Insights, By Price Point: Economic Segment Dominates the Market Owing to Growing Price-Conscious Consumer
The economic segment is expected to contribute the highest share of the market in 2025, driven by the consumers who are price-conscious and motivated by ethical or environmental convers. Economic option is more accessible to the wider population, particularly as fast fashion brands adopt vegan alternatives. According to Bain & Company’s latest Annual Luxury Report, in 2024, around 50 million people walked away from luxury labels such as Dior and Burberry.
Vegan Fashion Market Insights, By Distribution Channel: Online Segment Dominates the Overall Industry Owing to Wide Range of Collection
The online segment is expected to contribute the greatest share of the market in 2025, supported by the wider range of collection, convenience, growing digital penetration and rise in ethical consumerism among young population such as millennials and Gen z. Online platforms also enables direct-to-consumer (D2C) brans to thrive, reducing costs and promoting sustainable practices. The rising online shoppers is also adding to the vegan fashion market share. In 2023, approximately 250 million people in India were estimated to shop online annually, marking a notable rise from the previous year. This number is projected to surpass 400 million by 2027.
Regional Insights
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Asia Pacific Vegan Fashion Market Analysis and Trends
Asia Pacific held a dominant position in the global vegan fashion market in 2025, accounting for 37.0% market revenue share. The market in Asia Pacific region is primarily driven by increasing demand for vegan handbags and cork wallets worldwide and the benefits of vegan products can drive the market growth over the forecast period. Along with that, population of Asia Pacific region has a rising health consciousness, environmental concerns and ethical considerations. The Asia-Pacific region has the highest share of vegetarians (19%) and vegans (9%) among the world's regions. According to the vegan Society, India has the population of vegetarians, followed by South Korea with approximately 2.5 million vegans. This further propels the vegan fashion market revenue.
North America Vegan Fashion Market Analysis and Trends
North America is considered to have the fastest growing share in the vegan fashion market forecast period. The growth is experienced due to rising health consciousness, increasing awareness of veganism and its environmental impacts. North America has the rising number of individuals adopting to plant-based diets. According to a study, there are out 3 % of Americans identifying themselves as vegan and the number is constantly rising.
Vegan Fashion Market Outlook Country-wise
India Vegan Fashion Market Trends
India is considered to be the number one vegan country in the world. The primary reason for India to have majority of the vegetarian population is due to its religious and ethical culture. India comprises of various religion such as Hinduism, Buddhism and Jainism which teach the practices of ahimsa or non-violence towards other living beings. PETA India’s booth at the India Fashion Forum (IFF) 2025, that took place on January 28 and 29 2025 at Whitefield, Bengaluru, showcased top sustainable and cruelty-free innovations, presenting brands that are transforming the fashion landscape.
China
China has a growing trend towards veganism, especially in urban areas, despite the country having a long history of meat consumption. The populations highly influenced by the Western counties and the growing vegan community. Chinese cuisine is being natural and plant-based. At present, China has 14% of vegetarians and 2% of vegan population. A new sustainable vegan fashion brand has debuted in Guangzhou, China, aiming to revolutionize the global fashion scene. Veshin specializes in high-end bags and accessories crafted entirely from vegan materials. This is further propelling the vegan fashion industry in China.
Market Report Scope
Vegan Fashion Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 518.81 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 7.3% | 2032 Value Projection: | USD 849.58 Bn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
Insecta Shoes Canada Inc., ROMBAUT, Nike, Adidas, Beyond Skin UK, Monk Story, Hexa Vegan Shoes, Ethletic, Matt & Nat, MooShoes, Susi Studio, Veerah, AVESU GmbH., ASICS Corporation, Ahimsa, Niche, Lusso Lifestyle, Vritti Designs, and Bar One Clothing. |
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Growth Drivers: |
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Restraints & Challenges: |
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Vegan Fashion Market Drivers
Vegan cosmetics
Vegan fashion has arrived the new horizon for consumers and brands that can help to boost the vegan fashion market growth in upcoming years. Furthermore, vegan cosmetics are better for the skin which can attract customers to purchase vegan cosmetics and help to increase the global vegan fashion market growth. Additionally, the vegan cosmetics are derived from plants, they are considered to be a more nutritious and richest source of vitamins, minerals and antioxidants which are used to improve healthier looking skin.
For instance, in June 2025, a South Korea-based consumer goods company ‘LG Household & Health Care’, launched a vegan-certified color cosmetic brand ‘Freshian’, to attract Generation Y & Z beauty clients. It launched two different types of cushion compacts, a variety of lip balms, and a sunscreen that can help to increase the sale of vegan cosmetics in the market.
Key Developments
Analyst Opinion (Expert Opinion)
Market Segmentation
Sources
Primary Research Interviews from the following stakeholders
Stakeholders
Specific stakeholders
Databases
Magazines
Journals
Newspapers
Associations
Public Domain Sources
Proprietary Elements
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About Author
Sakshi Suryawanshi is a Research Consultant with 6 years of extensive experience in market research and consulting. She is proficient in market estimation, competitive analysis, and patent analysis. Sakshi excels in identifying market trends and evaluating competitive landscapes to provide actionable insights that drive strategic decision-making. Her expertise helps businesses navigate complex market dynamics and achieve their objectives effectively.
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