Report the ad
Explore the Expanding Vietnam Cosmetics Market: Key Insights and Trends - Delhi
Tuesday, 3 September, 2024
Item details
City:
Delhi
Offer type:
Offer
Price:
Rs 1,000
Item description
The Vietnam Cosmetics Market is experiencing robust growth, projected to rise significantly from USD 2.4 billion in 2022 to a remarkable USD 2.4 billion by 2030. This growth is driven by various factors, including an aging population, increasing urbanization, and a burgeoning middle class. The demand for high-quality, natural, and organic cosmetics is also on the rise, reflecting a shift in consumer preferences.
With over 100 makeup brands in Vietnam, the market is dominated by foreign brands, which hold a 90% share. This dominance is supported by extensive distribution networks and strong brand presence. The surge in online shopping and e-commerce, along with higher urbanization rates, further contributes to the market's expansion. Vietnamese consumers, particularly in urban areas, are increasingly seeking premium cosmetics products, making this an attractive market for international and local brands alike.
The Vietnam Cosmetics Market is segmented into several categories, including Hair Care, Skin Care, Bath and Shower Products, Makeup & Color Cosmetics, and Fragrances & Deodorants. Skin Care and Hair Care products are anticipated to lead due to rising living standards and increased income levels. Additionally, the online channel is expected to be the fastest-growing distribution channel, reflecting the growing trend of digital shopping.
For more: httpswww.shingetsuresearch.com/vietnam-cosmetics-market/
With over 100 makeup brands in Vietnam, the market is dominated by foreign brands, which hold a 90% share. This dominance is supported by extensive distribution networks and strong brand presence. The surge in online shopping and e-commerce, along with higher urbanization rates, further contributes to the market's expansion. Vietnamese consumers, particularly in urban areas, are increasingly seeking premium cosmetics products, making this an attractive market for international and local brands alike.
The Vietnam Cosmetics Market is segmented into several categories, including Hair Care, Skin Care, Bath and Shower Products, Makeup & Color Cosmetics, and Fragrances & Deodorants. Skin Care and Hair Care products are anticipated to lead due to rising living standards and increased income levels. Additionally, the online channel is expected to be the fastest-growing distribution channel, reflecting the growing trend of digital shopping.
For more: httpswww.shingetsuresearch.com/vietnam-cosmetics-market/
