Vietnam Skin Care Products Market 2024

$350.00

Description

The skin care products market in Vietnam was estimated at USD 1,361 million in 2023 and is expected to hit USD 2,148 million by 2029, registering a CAGR of 7.9% from 2024 to 2029 as per the latest market estimates. The growing middle class, characterized by higher disposable incomes, is driving substantial expenditure on premium and luxury skincare products. Additionally, urbanization is playing a crucial role, with an increasing number of people moving to cities and embracing modern lifestyles that emphasize personal grooming and skincare. This shift has spurred greater demand for a diverse array of skincare products tailored to different skin types and concerns.

Enhanced access to information through the internet and social media has made consumers more knowledgeable about skincare. This increased awareness is resulting in more discerning purchasing decisions and a stronger preference for products with proven efficacy. The impact of social media and key opinion leaders (KOLs) or influencers is particularly significant in this context. Endorsements and reviews by well-known personalities can dramatically boost the visibility and sales of skincare products.

This report provides a thorough assessment of the Vietnam skin care products industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product, price range, key pack material, and distribution channel. Through this detailed assessment, the report helps uncover the growth potential of the skin care products industry.

Market Segmentation

The skin care products market in Vietnam is categorized into the following segments:
Product: body care (anti-cellulite and firming, general purpose), depilatories, facial care (acne treatments, cleansing wipes, face masks, face toners, face wash & cleansers, lip care products, moisturizers & treatments), hand care, others (make-up removers, skincare sets)
Price range: prestige product, mass product
Key pack material: flexible packaging, glass, metal, paper & board, rigid plastics
Distribution channel: convenience stores, supermarkets and hypermarkets, small grocery stores, department stores, health and beauty stores, direct selling, e-commerce, others

The Vietnam skin care products market is segmented on the basis of product, price range, key pack material, and distribution channel. By product, the skin care products market in Vietnam has been segmented into body care (anti-cellulite and firming, general purpose), depilatories, facial care (acne treatments, cleansing wipes, face masks, face toners, face wash & cleansers, lip care products, moisturizers & treatments), hand care, and others (make-up removers, skincare sets). Based upon price range, the skin care products market in Vietnam is categorized into prestige product, and mass product. On the basis of key pack material, the skin care products market in Vietnam has been segmented into flexible packaging, glass, metal, paper & board, and rigid plastics. By distribution channel, the skin care products market in Vietnam has been segmented into convenience stores, supermarkets and hypermarkets, small grocery stores, department stores, health and beauty stores, direct selling, e-commerce, and others.

Competitive Landscape

The Vietnam skin care products market is highly competitive. As of 2023, the major players in the Vietnam skin care products market were L’Oreal S.A., Unilever PLC, Amorepacific Corporation, The Estee Lauder Companies Inc., Rohto Pharmaceutical Co. Ltd., LG Household & Health Care Ltd., Beiersdorf AG, Shiseido Company Limited, The Procter & Gamble Company (P&G), FineToday Holdings Co. Ltd., NAOS SAS, Wishcompany Inc., Galderma S.A., Kenvue Inc., Obagi Cosmeceuticals LLC, Natura & Co, Pierre Fabre S.A., L’Occitane International S.A., Nature Story Cosmetics Co. Ltd., Kao Corporation.

This report provides a comprehensive analysis of the key players in the Vietnam skin care products market, along with their performance from 2019 to 2023. By utilizing this data, businesses can gain a deeper understanding of market dynamics, including shifts in market share, the identification of leading players, and the rise of emerging companies. This information equips firms with a strategic advantage in a competitive landscape, enabling them to refine their market strategies and make informed, long-term decisions.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Vietnam skin care products market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Vietnam skin care products market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Vietnam skin care products market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewVietnam skin care products market – product analysis
Vietnam skin care products market – price range analysis
Vietnam skin care products market – key pack material analysis
Vietnam skin care products market – distribution channel analysis
Key players and market share
– L’Oreal S.A.
– Unilever PLC
– Amorepacific Corporation
– The Estee Lauder Companies Inc.
– Rohto Pharmaceutical Co., Ltd.
…
Macroeconomic data and forecast
Disclaimer

FIGURES AND TABLES
Table Vietnam skin care products market 2019-2029
Chart Vietnam skin care products market, net growth, 2019-2029
Chart Vietnam skin care products market, growth rates, 2019-2029
Table Vietnam skin care products market by product, 2019-2029
Chart Vietnam skin care products market by product, CAGR historic and forecast, 2019-2029
Chart Vietnam skin care products market by product, 2019-2029
Table Vietnam skin care products market by price range, 2019-2029
Chart Vietnam skin care products market by price range, CAGR historic and forecast, 2019-2029
Chart Vietnam skin care products market by price range, 2019-2029
Table Vietnam skin care products market by key pack material, 2019-2029
Chart Vietnam skin care products market by key pack material, CAGR historic and forecast, 2019-2029
Chart Vietnam skin care products market by key pack material, 2019-2029
Table Vietnam skin care products market by distribution channel, 2019-2029
Chart Vietnam skin care products market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Vietnam skin care products market by distribution channel, 2019-2029
Table Vietnam skin care products market share (%), by companies, 2019-2023
Chart Vietnam skin care products market, by companies, 2023
Table Vietnam skin care products market share (%), by brands, 2019-2023
Chart Vietnam skin care products market, by brands, 2023
Table Vietnam – population (millions) and forecast
Table Vietnam – consumer price index (CPI) and forecast
Table Vietnam – gross domestic product and forecast
Table Vietnam skin care products market: spend as a proportion of GDP (%)
Table Vietnam skin care products market: consumption per capita (population)

Additional information

Product Type

Industry Statistics
Region

Asia Pacific
Published Date

2024

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