Vietnam Cosmetics Market to See Striking Growth by 2032

IMARC Group, a leading market research company, has recently releases report titled “Vietnam Cosmetics Market Report by Product Type (Skin and Sun Care Products, Hair Care Products, Deodorants and Fragrances, Makeup and Color Cosmetics, and Others), Category (Conventional, Organic), Gender (Men, Women, Unisex), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Pharmacies, Online Stores, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the Vietnam cosmetics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Vietnam Cosmetics Market?

Vietnam cosmetics market size is projected to exhibit a growth rate (CAGR) of 3.16% during 2024-2032.

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Vietnam Cosmetics Market Trends and Drivers:

The rising disposable income among the people and a growing interest in personal grooming and skincare, are the factors responsible for the growth of the Vietnam cosmetics market. Additionally, premium cosmetic items are in high demand as the economy continues to grow, placing more emphasis on quality and brand, which is fueling the market. Besides this, social media and beauty influencers have had a major impact on consumer preferences by introducing local customers to cutting-edge items and international beauty trends, which further bolsters the market. Moreover, the youthful population, which makes up a sizable portion of the populace, is eager to try out new skincare and cosmetics, which contribute to the expansion of the market.

A growing inclination towards natural and organic products, driven by concerns over harmful chemicals and a general shift towards healthier lifestyle choices, is further augmenting the Vietnam cosmetics market. In addition to this, green and clean beauty products are in high demand because of the rising preference for natural ingredients free of sulfates and parabens, which is creating a positive outlook for the market. Furthermore, as society's views change and men are increasingly accepted for spending on skincare and cosmetics, there is a growing trend of male grooming goods, thereby escalating the market. In line with this, due to their ability to capitalize on customer confidence in domestic production and national pride, local brands are becoming more and more well-known, which is expected to stimulate the Vietnam cosmetics market over the forecasted period.

Vietnam Cosmetics Market Report Segmentation:

The report is organized into distinct sections as follows:

Product Type Insights:

• Skin and Sun Care Products

• Hair Care Products

• Deodorants and Fragrances

• Makeup and Color Cosmetics

• Others

Category Insights:

• Conventional

• Organic

Gender Insights:

• Men

• Women

• Unisex

Distribution Channel Insights:

• Supermarkets and Hypermarkets

• Specialty Stores

• Pharmacies

• Online Stores

• Others

Regional Insights:

• Northern Vietnam

• Central Vietnam

• Southern Vietnam

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Other Key Points Covered in the Report:

• COVID-19 Impact

• Porters Five Forces Analysis

• Value Chain Analysis

• Strategic Recommendations

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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