Press release
Vietnam Skin Care Products Market Size is Expected to Surpass US$ 1,922.4 million Through 2027 | Allied Market Research
Request The Sample PDF of This Report @ https://www.alliedmarketresearch.com/request-sample/7094
Foreign brands such as L'Oreal, Estée Lauder, Unilever, and Colgate-Palmolive garner a significant share of the skin care products market, as domestic firms remain weak in terms of innovation, packaging, marketing, and promotion. Thus, many cosmetics brands from South Korea and Japan are focusing on strengthening their foothold in Vietnam. Vietnam's young, tech-savvy population is keen to try new products, which further contributes toward the expansion of concept stores.
Thus, to optimize conversion rates, fashion retailers consider the omnichannel model-an approach that provides an integrated shopping experience to customers-to extend their online and offline transactions.
With rapid increase in the middle-class population in Southeast Asia, Vietnam has been experiencing notable growth in its retail sector. This Vietnam skin care products market trend is anticipated to continue in near the future, owing to presence of relatively young population demographics. Low income consumers are witnessing increase in their spending power, which is anticipated to impact their purchasing preferences with regard to cosmetics products. Such consumers were increasingly drawn to more modern products, often offering added value features.
Moreover, the expansion of digital retail channels in Vietnam is one of the key trends expected to contribute toward the growth of the market. Despite rise in penetration of digital channels, physical channels continue to dominate the retail sector and is expected to continue this trend during the Vietnam skin care products market forecast period.
Procure Complete Report (143 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/2352bb24752b05a5b3e700a84ab5f63d
Strong desire among men and women to retain youthful appearance has boosted growth of the skin care products industry. In addition, rapidly aging demographics has led to a surge in demand for anti-aging products to prevent wrinkles, age spots, dry skin, and uneven skin tone, thereby augmenting the Vietnam skin care products market growth.
According to a report from the Society of Cosmetics of Ho Chi Minh City Foreign, cosmetic brands have been dominating the market in Vietnam with over 400 foreign cosmetic businesses running currently, accounting for 90% of the Vietnamese market share. Among the 400 foreign cosmetic businesses, Korean brands garner the highest share of 30%, followed by brands from European countries (23%), Japan (17%), Thailand (13%), the U.S. (10%), and other countries (7%).
The major players operating in the Vietnam skin care products are the L'Oréal Group, the Procter & Gamble Company, Unilever Vietnam, Estee Lauder Companies Inc., Shiseido Company Limited, and Avon Products Inc. The local companies include Dai Viet Huong Company Limited and Saigon Cosmetics Corporation.
According to Vietnam skin care products market analysis, the market is segmented into product type, demographics, age group, and sales channel. Depending on product type, the market is categorized into cream, lotion, and others. By demographic, it is bifurcated into male and female. On the basis of age group, it is divided into generation X, millennial, and generation Z. As per sales channel, it is classified into supermarket/hypermarket, specialty stores, department stores, beauty salons, pharma & drug stores, and online sales channel.
Inquiry Before Buying @: https://www.alliedmarketresearch.com/purchase-enquiry/7094
Key findings of the study
Based on product type, the cream segment held the major Vietnam skin care products market share in 2019, and is likely to remain dominant throughout the forecast period.
Based on demographics, the male segment is likely to hold the major annual growth rate of 12.4%.
Based on age group, the Millennials held the highest share in the Vietnam skin care products market.
Supermarket/hypermarket sales channel is likely to reach $493.5 million by 2027 in the Vietnam skin care products market.
Reasons to Buy this Vietnam Skin Care Products Market Report:
> Mergers and acquisitions should be well-planned by identifying the best manufacturer.
> Sort new clients or possible partners into the demographic you're looking for.
> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.
> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.
> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.
> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.
> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors
Similar Reports:
K-beauty Products Market: Global Opportunity Analysis and Industry Forecast 2021-2027
https://www.alliedmarketresearch.com/k-beauty-products-market
Indonesia Skin Care Products Market: Global Opportunity Analysis and Industry Forecast 2020-2030
https://www.alliedmarketresearch.com/indonesia-skin-care-products-market-A06724
Skin Care Products Market: Global Opportunity Analysis and Industry Forecast https://www.alliedmarketresearch.com/skin-care-products-market
Malaysia Skin Care Products Market: Global Opportunity Analysis and Industry Forecast 2021-2027
https://www.alliedmarketresearch.com/malaysia-skin-care-products-market-A06647
Professional Hair Care Market: Global Opportunity Analysis and Industry Forecast
https://www.alliedmarketresearch.com/professional-hair-care-market
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog:
https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Vietnam Skin Care Products Market Size is Expected to Surpass US$ 1,922.4 million Through 2027 | Allied Market Research here
News-ID: 3713358 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for Viet
Mr Viet Leads the Charge in Vietnam's Emerging Global Coffee Movement
The world has long been familiar with the delicate spices of Thai curry and the refined techniques of Japanese sushi. But lately, the vibrant, soul-warming flavors of Vietnamese cuisine have taken center stage on the global culinary stage. From bustling Banh Mi kiosks in Berlin to steaming bowls of Pho in Toronto, Vietnam's food is captivating international taste buds. One of its most underrated yet powerful exports-coffee-is now catching up.
Vietnam…
PLB Viet Nam - Genuine bearing distributor in Vietnam
Image: https://www.abnewswire.com/uploads/493addece835ac5460b19b59a86f104e.jpg
PLB Vietnam distributes bearings, chains, and bearing housings from many famous brands around the world. These include JTEKT (Koyo), Asahi, PBC, Timken, JNS, and MSB. The products are directly imported from Japan, the US, China, etc., to serve the needs of customers throughout Vietnam.
Each product of PLB Vietnam is a useful solution with high precision. Each bearing and chain is imported genuine and goes through a meticulously researched finishing…
Vietnamese Coffee Brand Mr. Viet Expands onto the International Stage!
Ho Chi Minh City, Vietnam - Mr. Viet, a brand capturing the true spirit and tradition of Vietnamese coffee, is now making waves on the international scene. From rich traditional brews to unique flavors like coconut and mango, Mr. Viet aims to offer the world a fresh perspective on coffee and Vietnamese culture.
With a commitment to preserving Vietnam's coffee heritage, Mr. Viet partners closely with local farmers, supporting sustainable practices…
Viet Embassy revolutionizes consular processes for Vietnamese people in America
Today, any Vietnamese person who wants to renew their Vietnamese passport can do so online easily by going to www.vietembassy.com and applying within minutes. Viet Embassy is the only place that lets you sign up for passports, visas, birth certificates, and other lawful papers conveniently. This is the result of years of development from legal experts and technologists. The passport renewal process used to take months but Viet Embassy's online…
Viet Noi Language Centre Offers Free Trials to Learn Vietnamese
Singapore - For those looking to learn Vietnamese, either for business or pleasure, then the Viet Noi Language School Singapore has an excellent track record of helping students faster than other conventional centres.
The key to their success is teaching Vietnamese in small groups, with a maximum of eight students per class. This focused approach helps students pick up the language quicker and speak in everyday situations as soon as…
Advanced Research report of Custard Apple Market by 2019 to 2025 | leading Compa …
The fruits vary in shape, heart-shaped, spherical, oblong or irregular. When ripe, the fruit is brown or yellowish, with red highlights and a varying degree of reticulation, depending again on the variety. The flesh varies from juicy and very aromatic to hard with a repulsive taste. The flavor is sweet and pleasant, akin to the taste of 'traditional' custard. CMFE Insights has recently published an innovative report to its database…
