Vietnam Skin Care Products Market Trends, Share, Size, Demand, Competition and Future Outlook
Vietnam Skin Care Products Market Growth, Size, Trends Analysis- By Type, By Packaging Type, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2024 | Report ID: FMCG24186 | Pages: 1 - 107 | Formats*: |
| Category : Consumer & Retail | |||
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: | |
| By Packaging Type: | |
| By Distribution Channel: |
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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Vietnam Skin Care Products Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Vietnam Skin Care Products Market Manufacturing Base Distribution, Sales Area, Product Type6.2. 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, 2020-20267.2. Vietnam Skin Care Products Market Size, Share and Forecast, By Type, 2027-20337.3. Face Care7.3.1. Cleansers & Exfoliators7.3.2. Face Masks7.3.3. Others7.4. Body Care7.4.1. Body Lotions/Moisturizers7.4.2. Body Wash and Shower Gel7.4.3. 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, 2020-20268.2. Vietnam Skin Care Products Market Size, Share and Forecast, By Packaging Type, 2027-20338.3. Tube8.4. Bottles8.5. 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, 2020-20269.2. Vietnam Skin Care Products Market Size, Share and Forecast, By Distribution Channel, 2027-20339.3. Offline Retail Stores9.4. 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 Region11.4. Western Region11.5. Southern Region11.6. Northern Region
12. Company Profile
12.1. Procter Gamble Company12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Estee Lauder Companies Inc12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Avon Products,12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. LOreal,12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Shiseido Company Limited12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Unilever Vietnam12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Saigon Cosmetics Corporation12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Dai Viet Huong Company Limited12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Others
13. Conclusion
14. Reference Links
15. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Vietnam Skin Care Products Market is projected to reach USD 2613.34 million by 2033, growing at a CAGR of 10.81% during the forecast period.
Vietnam Skin Care Products Market grew in Market size from 2024. The Market is expected to reach USD 2613.34 million by 2033, at a CAGR of 10.81% during the forecast period.
Vietnam Skin Care Products Market CAGR of 10.81% during the forecast period.
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Vietnam Skin Care Products Market size is USD 2613.34 million from 2024 to 2033.
Vietnam Skin Care Products Market is covered By Type, By Packaging Type and By Distribution Channel
The Asia Pacific is anticipated to have the highest Market share in the Vietnam Skin Care Products Market.
The Key players in the Market include 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.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
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