The Vietnam skin care market generated $853.89 million in 2021, and is estimated to be valued at $1344.66 million by 2028, surging with a 6.47% CAGR during the assessment period 2022 to 2028.
VIETNAM SKIN CARE MARKET FORECAST 2022-2028
Vietnam Skin Care Market by Type (Body Care, Facial Care, Hand Care, Skin Care Sets/Kits) Market by Distribution Channel (Supermarkets, Beauty Specialists, Department Stores, Direct Selling, E-commerce, Other Distribution Channels)
The Vietnam skin care market generated $853.89 million in 2021, and is estimated to be valued at $1344.66 million by 2028, surging with a 6.47% CAGR during the assessment period 2022 to 2028.
Skin care is essential for facial rejuvenation. It includes topical or cosmeceutical products for home use. Daily sunscreen, topical vitamin C, tretinoin, and various skin moisturizers are routinely prescribed for patients with skin concerns. Aestheticians and skin spas are integral to helping patients select medical-grade products according to their individual needs. Further, some popular skin care procedures include micro-needling, non-ablative laser treatments, superficial peels, and non-invasive procedures.
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Furthermore, the increasing need for cosmetics suitable for sensitive skin and greater emphasis on health and wellbeing is the major driver of the skincare market growth in Vietnam. Moreover, a major trend in skin care in Vietnam is serum, which is recommended for dermatological treatments, particularly for sensitive skin and acne. Another reason for the rapid growth of serum used in Vietnam is that the bulk of serum-based skin care products developed in Vietnam has unique components for specific skin disorders.
In contrast, the market is restrained due to the price-sensitive nature of the Vietnam market. Vietnam has a low per capita income and is a developing region. In many underdeveloped countries, cosmetics and skincare are considered secondary needs and luxury products. This issue can be a barrier for foreign companies offering high-end skincare products in Vietnam.
Inkwood Research’s report on the Vietnam skin care market provides an in-depth insight & segmentation analysis of the market. The detailed assessment of the market includes PESTLE analysis, competitive landscape, key buying criteria, market share analysis, brand share analysis, and value chain analysis. The segmentation analysis of the market includes type and distribution channel.
Some of the leading players in the market include LG VINA Cosmetics Co Ltd, AmorePacific, L’oréal Vietnam Co Ltd, etc.
Report Synopsis
| Report Scope | Details |
| Market Forecast Years | 2022-2028 |
| Base Year | 2021 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Type and Distribution Channel |
| Country Analyzed | Vietnam |
| Companies Analyzed | AmorePacific, L’oréal Vietnam Co Ltd, LG VINA Cosmetics Co Ltd, Shiseido Cosmetics Vietnam Co Ltd, Unilever International Co Ltd |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- COUNTRY SNAPSHOT
- COUNTRY ANALYSIS
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY ANALYTICS
- IMPACT OF COVID-19 ON SKIN CARE MARKET
- KEY MARKET TRENDS
- DIGITAL MARKETING AUGMENTS SKINCARE PRODUCT SALES
- CONSUMER PREFERENCE FOR INTERNATIONAL BRANDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- PESTLE ANALYSIS
- VALUE CHAIN ANALYSIS
- KEY BUYING CRITERIA
- BRAND NAME
- PRICE
- PRODUCT FEATURES
- PRODUCT LABEL
- MARKET BY TYPE
- BODY CARE
- FIRMING/ANTI-CELLULITE BODY CARE
- GENERAL PURPOSE BODY CARE
- FACIAL CARE
- ACNE TREATMENT
- FACE MASKS
- FACIAL CLEANSERS
- MOISTURIZERS & TREATMENTS
- LIP CARE
- TONERS
- HAND CARE
- PREMIUM HAND CARE
- MASS HAND CARE
- SKIN CARE SETS/KITS
- BODY CARE
- MARKET BY DISTRIBUTION CHANNEL
- SUPERMARKETS
- BEAUTY SPECIALISTS
- DEPARTMENT STORES
- E-COMMERCE
- OTHER DISTRIBUTION CHANNELS
- COMPETITIVE LANDSCAPE
- MARKET SHARE ANALYSIS
- SKIN CARE
- BRAND SHARE ANALYSIS
- SKIN CARE
- COMPANY PROFILES
- AMOREPACIFIC
- L’ORÉAL VIETNAM CO LTD
- LG VINA COSMETICS CO LTD
- SHISEIDO COSMETICS VIETNAM CO LTD
- UNILEVER INTERNATIONAL CO LTD
- MARKET SHARE ANALYSIS
LIST OF TABLES
TABLE 1: VIETNAM – COUNTRY SNAPSHOT
TABLE 2: VIETNAM SKIN CARE MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: VIETNAM SKIN CARE MARKET, BY TYPE, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 4: VIETNAM SKIN CARE MARKET, BY BODY CARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: VIETNAM SKIN CARE MARKET, BY BODY CARE, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 6: VIETNAM SKIN CARE MARKET, BY FACIAL CARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: VIETNAM SKIN CARE MARKET, BY FACIAL CARE, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 8: VIETNAM SKIN CARE MARKET, BY HAND CARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: VIETNAM SKIN CARE MARKET, BY HAND CARE, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 10: VIETNAM SKIN CARE MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 11: VIETNAM SKIN CARE MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 12: VIETNAM SKIN CARE MARKET SHARE ANALYSIS, 2020 & 2021 (IN %)
TABLE 13: VIETNAM SKIN CARE BRAND SHARE ANALYSIS, 2020 & 2021 (IN %)
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: EXAMPLES OF ACTIVE INGREDIENTS APPROVED FOR SKIN LIGHTENING IN VIETNAM
FIGURE 3: PORTER’S FIVE FORCES ANALYSIS
FIGURE 4: OPPORTUNITY MATRIX
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: KEY BUYING CRITERIA
FIGURE 7: VIETNAM SKIN CARE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021
FIGURE 8: VIETNAM SKIN CARE MARKET, BY BODY CARE 2022-2028 (IN $ MILLION)
FIGURE 9: VIETNAM SKIN CARE MARKET, GROWTH POTENTIAL, BY BODY CARE, IN 2021
FIGURE 10: VIETNAM SKIN CARE MARKET, BY FIRMING/ANTI-CELLULITE BODY CARE 2022-2028 (IN $ MILLION)
FIGURE 11: VIETNAM SKIN CARE MARKET, BY GENERAL PURPOSE BODY CARE 2022-2028 (IN $ MILLION)
FIGURE 12: VIETNAM SKIN CARE MARKET, BY FACIAL CARE 2022-2028 (IN $ MILLION)
FIGURE 13: VIETNAM SKIN CARE MARKET, GROWTH POTENTIAL, BY FACIAL CARE, IN 2021
FIGURE 14: VIETNAM SKIN CARE MARKET, BY ACNE TREATMENT, 2022-2028 (IN $ MILLION)
FIGURE 15: VIETNAM SKIN CARE MARKET, BY FACE MASKS, 2022-2028 (IN $ MILLION)
FIGURE 16: VIETNAM SKIN CARE MARKET, BY FACIAL CLEANSERS, 2022-2028 (IN $ MILLION)
FIGURE 17: VIETNAM SKIN CARE MARKET, BY MOISTURIZERS & TREATMENTS, 2022-2028 (IN $ MILLION)
FIGURE 18: VIETNAM SKIN CARE MARKET, BY LIP CARE, 2022-2028 (IN $ MILLION)
FIGURE 19: VIETNAM SKIN CARE MARKET, BY TONERS, 2022-2028 (IN $ MILLION)
FIGURE 20: VIETNAM SKIN CARE MARKET, BY HAND CARE 2022-2028 (IN $ MILLION)
FIGURE 21: VIETNAM SKIN CARE MARKET, GROWTH POTENTIAL, BY HAND CARE, IN 2021
FIGURE 22: VIETNAM SKIN CARE MARKET, BY PREMIUM HAND CARE 2022-2028 (IN $ MILLION)
FIGURE 23: VIETNAM SKIN CARE MARKET, BY MASS HAND CARE 2022-2028 (IN $ MILLION)
FIGURE 24: VIETNAM SKIN CARE MARKET, BY SKIN CARE SETS/KITS 2022-2028 (IN $ MILLION)
FIGURE 25: VIETNAM SKIN CARE MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2021
FIGURE 26: VIETNAM SKIN CARE MARKET, BY SUPERMARKETS, 2022-2028 (IN $ MILLION)
FIGURE 27: VIETNAM SKIN CARE MARKET, BY BEAUTY SPECIALISTS, 2022-2028 (IN $ MILLION)
FIGURE 28: VIETNAM SKIN CARE MARKET, BY DEPARTMENT STORES, 2022-2028 (IN $ MILLION)
FIGURE 29: VIETNAM SKIN CARE MARKET, BY E-COMMERCE, 2022-2028 (IN $ MILLION)
FIGURE 30: VIETNAM SKIN CARE MARKET, BY OTHER DISTRIBUTION CHANNELS, 2022-2028 (IN $ MILLION)
FIGURE 31: VIETNAM SKIN CARE MARKET SHARE ANALYSIS, 2020 & 2021 (IN %)
FIGURE 32: VIETNAM SKIN CARE BRAND SHARE ANALYSIS, 2020 & 2021 (IN %)
- MARKET BY TYPE
- BODY CARE
- FIRMING/ANTI-CELLULITE BODY CARE
- GENERAL PURPOSE BODY CARE
- FACIAL CARE
- ACNE TREATMENT
- FACE MASKS
- FACIAL CLEANSERS
- MOISTURIZERS & TREATMENTS
- LIP CARE
- TONERS
- HAND CARE
- PREMIUM HAND CARE
- MASS HAND CARE
- SKIN CARE SETS/KITS
- BODY CARE
- MARKET BY DISTRIBUTION CHANNEL
- SUPERMARKETS
- BEAUTY SPECIALISTS
- DEPARTMENT STORESLING
- E-COMMERCE
- OTHER DISTRIBUTION CHANNELS
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