Vietnam Skin Care Products Market Introduction and Overview
According to SPER Market Research, the Vietnam Skin Care Products Market is estimated to reach USD 2613.34 million by 2033 with a CAGR 10.81%.
The report includes an in-depth analysis of the Vietnam Skin Care Products Market, including market size and trends, product mix, distribution channels, and supplier analysis. Skin care products have been specifically created using materials intended to preserve and enhance the skin's appearance and health. They include a broad variety of compositions, such as moisturizers, exfoliants, cleansers, serums, sunscreens, and treatments for particular issues like aging or acne. Every product has a specific function; for example, moisturizers hydrate and shield the skin barrier, while cleansers eliminate debris and pollutants. Hyaluronic acid, retinol, and antioxidants are examples of active chemicals that are essential for treating particular skin conditions and fostering a glowing complexion.
- Tatcha announced the release of The Silk Serum, their new product, in March 2023. According to the firm, it is a retinol substitute that smoothes wrinkles. The product, according to the business, is also moisturizing, reduces redness, supports collagen-depleted skin, increases brightness, and is noticeably firm.
Market Opportunities and Challenges
Opportunities: One of the main factors driving the demand for skin care products among both men and women is the strong desire to keep one's complexion looking young. The growing aging population has led to an increase in grooming influencers and beauticians who focus on maintaining youth and looking younger by avoiding wrinkles, dry skin, uneven skin tone, and age spots. This has fueled the growth of the Vietnamese skin care products market. Additionally, the growing demand for body lotions, face creams, and sunscreens worldwide is anticipated to have a favorable effect on the expansion. Furthermore, the thriving e-commerce industry is expected to contribute to additional market expansion.
Challenges: One factor impeding the growth of the skin care products market in Vietnam is the growing consumer concerns about the possible numerous negative impacts of skin care products on both the environment and an individual's body. The environment is negatively impacted by skin care products because they increase the amount of chemical waste that is produced by industries, which deteriorates the land and water that they are released into. For those with sensitive skin types, a number of items may also trigger allergies and irritations. Because of the responses that parabens, perfumes, SLS (Sodium Lauryl Sulfate), phthalates, lead, triclosan, coal tar, oxybenzone, hydroquinone, and petrolatum cause, natural skin care products are becoming more and more popular. These substances may be harmful to skin health.
Market Competitive Landscape
Skin Care Products Market in Vietnam is moderately consolidated. Some of the market key players are Procter & Gamble Company, Estee Lauder Companies Inc, Avon Products, L'Oréal, Shiseido Company Limited, Unilever Vietnam, Saigon Cosmetics Corporation, Dai Viet Huong Company Limited, Others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Packaging Type, By Distribution Channel |
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region |
| Companies Covered | Procter & Gamble Company, Estee Lauder Companies Inc, Avon Products, L'Oréal, Shiseido Company Limited, Unilever Vietnam, Saigon Cosmetics Corporation, Dai Viet Huong Company Limited, Others. |
COVID-19 Impact on Vietnam Skin Care Products Market
Vietnam's market for skin care goods was greatly affected by the COVID-19 pandemic, which changed consumer behavior and market dynamics. Retail sales, especially in physical establishments, initially declined as a result of lockdown procedures and increased health concerns. However, online sales channels increased significantly as consumers adjusted to new buying habits, and e-commerce platforms became essential for product distribution. Customers' increased focus on skin health and personal cleanliness during the pandemic increased demand for products with anti-aging, hydration, and protective properties. As more people work from home, skincare regimens have become more important, and many consumers are now spending money on at-home beauty treatments.
Key Target Audience:
- Young Adults (18-25 years)
- Adults (26-40 years)
- Middle-Aged Consumers (41-60 years)
- Older Adults (60+ years)
- Men
- Women
- Health-Conscious Consumers
- Skincare Enthusiasts
- Professionals and Working Individuals
Our in-depth analysis of the Vietnam Skin Care Products Market includes the following segments:
| By Type: | Face CareCleansers & ExfoliatorsFace MasksOthersBody CareBody Lotions/MoisturizersBody Wash and Shower GelOther |
| By Packaging Type: | TubeBottlesJars |
| By Distribution Channel: | Offline Retail StoresOnline Retail Stores |
Key Topics Covered in the Report:
- Vietnam Skin Care Products Market Size (FY’2024-FY’2033)
- Overview of Vietnam Skin Care Products Market
- Segmentation of Vietnam Skin Care Products Market By Type {Face Care (Cleansers & Exfoliators, Face Masks, Others) Body Care (Body Lotions/Moisturizers, Body Wash and Shower Gel, Other}
- Segmentation of Vietnam Skin Care Products Market By Packaging Type (Tube, Bottles, Jars)
- Segmentation of Vietnam Skin Care Products Market By Distribution Channel (Offline Retail Stores, Online Retail Stores)
- /Expansion Analysis of Vietnam Skin Care Products Market
- Problems and Obstacles in Vietnam Skin Care Products Market
- Competitive Landscape in the Vietnam Skin Care Products Market
- Impact of COVID-19 and Demonetization on Vietnam Skin Care Products Market
- Details on Current Investment in Vietnam Skin Care Products Market
- Competitive Analysis of Vietnam Skin Care Products Market
- Prominent Players in the Vietnam Skin Care Products Market
- SWOT Analysis of Vietnam Skin Care Products Market
- Vietnam Skin Care Products Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Vietnam Skin Care Products Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Vietnam Skin Care Products Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Vietnam Skin Care Products Market
7. Vietnam Skin Care Products Market, By Type (USD Million) 2020-2033
7.1. Vietnam Skin Care Products Market Size, Share and Forecast, By Type, 2020-2026
7.2. Vietnam Skin Care Products Market Size, Share and Forecast, By Type, 2027-2033
7.3. Face Care
7.3.1. Cleansers & Exfoliators
7.3.2. Face Masks
7.3.3. Others
7.4. Body Care
7.4.1. Body Lotions/Moisturizers
7.4.2. Body Wash and Shower Gel
7.4.3. Other
8. Vietnam Skin Care Products Market, By Packaging Type (USD Million) 2020-2033
8.1. Vietnam Skin Care Products Market Size, Share and Forecast, By Packaging Type, 2020-2026
8.2. Vietnam Skin Care Products Market Size, Share and Forecast, By Packaging Type, 2027-2033
8.3. Tube
8.4. Bottles
8.5. Jars
9. Vietnam Skin Care Products Market, By Distribution Channel (USD Million) 2020-2033
9.1. Vietnam Skin Care Products Market Size, Share and Forecast, By Distribution Channel, 2020-2026
9.2. Vietnam Skin Care Products Market Size, Share and Forecast, By Distribution Channel, 2027-2033
9.3. Offline Retail Stores
9.4. Online Retail Stores
10. Vietnam Skin Care Products Market Forecast, 2020-2033 (USD Million)
10.1. Vietnam Skin Care Products Market Size and Market Share
11. Vietnam Skin Care Products Market, By Region, 2020-2033 (USD Million)
11.1. Vietnam Skin Care Products Market Size and Market Share By Region (2020-2026)
11.2. Vietnam Skin Care Products Market Size and Market Share By Region (2027-2033)
11.3. Eastern Region
11.4. Western Region
11.5. Southern Region
11.6. Northern Region
12. Company Profile
12.1. Procter Gamble Company
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Estee Lauder Companies Inc
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Avon Products,
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. LOreal,
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Shiseido Company Limited
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Unilever Vietnam
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Saigon Cosmetics Corporation
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Dai Viet Huong Company Limited
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations