Vietnam Cosmetics Market 2019-2027
Posted by Sonika on December 27th, 2019
Bharat Book Bureau Provides the Trending Market Research Report on “Vietnam Cosmetics Market”under Cosmetics Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.
Vietnam Cosmetics Market by Product Type (Hair Care, Skin Care, Bath and Shower Products, Makeup & Color Cosmetics Products, Fragrances & Deodorants), By Distribution Channel (Beauty Parlors/Salons, Multi Branded Retail Stores, Online Channels, Supermarkets/Hypermarkets, Exclusive Retail Store, and Others), By Gender (Men and Women) and By Region (North Vietnam, Central Vietnam, South Vietnam)
Vietnam Cosmetics Market expected to garner a significant growth over the forecast period, 2019-2027. With the aging population and rapid urbanization across Vietnam will foster Vietnam Cosmetics Market in the projected period.
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Additionally, the increasing number of the middle class in Vietnam, domestic cosmetics companies need to pay attention to and open up high-end markets. Also, the surge in cosmetic spending is the resurgence of natural products, along with changing consumers’ preferences towards products made with natural ingredients is estimated to fuel the Vietnam cosmetic market. Vietnamese government plans to increase the current per capita GDP from the US $ 2,500 to the US $ 10,000 by 2030, and the annual growth rate will reach 12%.
There are more than 100 makeup brands in the Vietnamese market, and 90% of cosmetics on the market imported from abroad. Moreover, the rising consumer awareness towards natural and organic cosmetics, coupled with the upsurge in income levels in Vietnam, will boom the Vietnam cosmetic market.
Table of Contents
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About the AuthorSonika
Joined: January 22nd, 2019
Articles Posted: 539
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