
Vietnam Personal Care Ingredients Market, By Ingredient Type (Emollients, Surfactants, Emulsifiers, Rheology Modifiers, Conditioning Polymers); By Application (Skin Care, Hair Care, Oral Care, Makeup), Trend Analysis, Competitive Landscape & Forecast, 201
Description
Vietnam Personal Care Ingredients Market, By Ingredient Type (Emollients, Surfactants, Emulsifiers, Rheology Modifiers, Conditioning Polymers); By Application (Skin Care, Hair Care, Oral Care, Makeup), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
Vietnam Personal Care Ingredients Market Expands at CAGR of 4.47% to Surpass USD 185 Million by 2030
Vietnam Personal Care Ingredients Market is booming primarily due to the growing consumer awareness, increasing number of elderly people, rapid urbanization, and evolving lifestyles.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Vietnam Personal Care Ingredients Market size by value at USD 134.45 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Vietnam Personal Care Ingredients Market size to expand at a CAGR of 4.47% reaching a value of USD 185.31 million by 2030. The Personal Care Ingredients Market in Vietnam is propelled by the rising government initiatives, particularly the Ministry of Health's regulatory role in ensuring product safety and quality. International trade, with significant imports from the United States, Singapore, Thailand, and the EU, contributes substantially to market dynamics. The increasing demand for natural products, fueled by Vietnam's focus on bio-based cosmetics, aligns with global trends. Consumer preferences, including rising financial independence, interest in natural products, male grooming trends, and the expansion of e-commerce platforms, have significantly boosted market demand. Foreign brands, especially from Korea, Europe, and the United States, have a strong presence, leveraging their reputation and innovation to capture market share.
Opportunity – Advancements in Technology
The cosmetics industry in Vietnam has undergone substantial growth and change driven by technological advancements. Innovations in ingredient development and modern production processes have transformed the manufacturing and marketing of personal care products. For instance, the local beauty brand Skinlosophy has successfully integrated traditional methods with contemporary techniques to offer unique products. Many Vietnamese brands are leveraging technology to establish a niche in the market for nature-based cosmetics. Additionally, the rise of e-commerce has significantly boosted demand for personal care ingredients, as increased internet access allows consumers to easily shop for a diverse range of products, resulting in higher spending on cosmetics. Notably, over 90% of medical equipment in Vietnam is imported, indicating significant growth potential in the healthcare sector, particularly for personal care ingredients used in medical applications like wound care and skin treatments. As consumers become more informed and selective, their expectations for beauty and personal care products have risen. Technology is essential in meeting these demands, enabling the creation of products tailored to specific skincare needs and utilizing AI and data analytics for personalized recommendations. By harnessing technology, Vietnam's cosmetics industry can continue to flourish and adapt to changing consumer preferences.
Skincare Application Segment Holds Largest Share in Vietnam
The skincare segment stands out as the dominant application segment, fueled by a surge in consumer awareness of skin health benefits. As Vietnamese consumers become increasingly knowledgeable about the advantages of various skincare components, demand for related products has skyrocketed. The aging population's desire to maintain a youthful appearance is a significant driver of market growth. Furthermore, Vietnam's abundance of affordable organic and herbal ingredients resonates with consumers seeking safer, more effective options. These natural components have gained popularity in skincare products, further bolstering the segment's dominance. The other major application segments in Vietnam Personal Care Ingredients Market include hair care, oral care, and make-up.
Impact of Escalating Geopolitical Tensions on Vietnam Personal Care Ingredients Market
Intensifying geopolitical tensions could have a multifaceted impact on Vietnam Personal Care Ingredients Market. Disruptions in supply chains, resulting from trade restrictions and tariffs, can lead to shortages of essential raw materials and increased costs for manufacturers. This, in turn, can affect the availability and pricing of foreign ingredients. Moreover, consumer sentiment can be influenced by geopolitical events, leading to cautious spending behaviors. The overall uncertainty in the geopolitical landscape may deter investment and innovation, hindering the sector's growth potential. As a result, businesses must be prepared to navigate these challenges and adapt to changing market conditions.
Competitive Landscape
Vietnam Personal Care Ingredients Market is highly fragmented, with numerous players serving the market. The key players dominating the market include PEROMA, Vietnam Essential Oils Company, Thảo Mộc Thiên Nhiên, Hương Việt, Unilever, L'Oreal, Beiersdorf, and AmorePacific. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Vietnam Personal Care Ingredients Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and Vietnam Personal Care Ingredients Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Vietnam Personal Care Ingredients Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
110 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Vietnam Personal Care Ingredients Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising Consumer Awareness
- 3.2.1.2. Aging Population
- 3.2.1.3. Urbanization and Changing Lifestyles
- 3.2.2. Restraints
- 3.2.2.1. Economic Fluctuations
- 3.2.2.2. Regulatory Challenges
- 3.2.3. Opportunities
- 3.2.3.1. Economic Growth
- 3.2.3.2. Advancement in Technology
- 3.2.4. Challenges
- 3.2.4.1. Competition from Generic Products
- 3.2.4.2. Supply Chain Disruptions
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Vietnam Personal Care Ingredients Market: Marketing Strategies
- 5. Vietnam Personal Care Ingredients Market: Pricing Analysis
- 6. Vietnam Personal Care Ingredients Market Overview
- 6.1. Market Size & Forecast, 2019–2030
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Ingredient Type
- 6.2.1.1. Emollients
- 6.2.1.2. Surfactants
- 6.2.1.3. Emulsifiers
- 6.2.1.4. Rheology Modifiers
- 6.2.1.5. Conditioning Polymers
- 6.2.1.6. Others
- 6.2.2. By Application
- 6.2.2.1. Skin Care
- 6.2.2.2. Hair Care
- 6.2.2.3. Oral care
- 6.2.2.4. Makeup
- 6.2.2.5. Others
- 7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. Vietnam Personal Care Ingredients Company Market Share Analysis, 2023
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 8. Impact of Escalating Geopolitical Tensions on Vietnam Personal Care Ingredients Market
- 9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 9.1. PEROMA
- 9.2. Vietnam Essential Oils Company
- 9.3. Thảo Mộc Thiên Nhiên
- 9.4. Hương Việt
- 9.5. Unilever
- 9.6. L'Oreal
- 9.7. Beiersdorf
- 9.8. AmorePacific
- 9.9. Other Prominent Players
- 10. Key Strategic Recommendations
- 11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents, By Country
- 11.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 Vietnam Personal Care Ingredients Segmentation
- Figure 2 Vietnam Personal Care Ingredients Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Vietnam Personal Care Ingredients Market Size, By Value (USD Million), 2019–2030
- Figure 5 Vietnam Personal Care Ingredients Market Share, By Ingredient Type, By Value, 2019–2030
- Figure 6 Vietnam Personal Care Ingredients Market Share, By Application, By Value, 2019–2030
- List of Tables
- Table 1 Vietnam Personal Care Ingredients Market Size, By Value (USD Million), 2019–2030
- Table 2 Vietnam Personal Care Ingredients Market Size, By Ingredient Type, By Value, 2019–2030
- Table 3 Vietnam Personal Care Ingredients Market Size, By Application, By Value, 2019–2030
- Table 4 PEROMA Company Overview
- Table 5 PEROMA Financial Overview
- Table 6 Vietnam Essential Oils Company Overview
- Table 7 Vietnam Essential Oils Company Financial Overview
- Table 8 Thảo Mộc Thiên Nhiên Company Overview
- Table 9 Thảo Mộc Thiên Nhiên Financial Overview
- Table 10 Hương Việt Company Overview
- Table 11 Hương Việt Financial Overview
- Table 12 Unilever Company Overview
- Table 13 Unilever Financial Overview
- Table 14 L'Oreal Company Overview
- Table 15 L'Oreal Financial Overview
- Table 16 Beiersdorf Company Overview
- Table 17 Beiersdorf Financial Overview
- Table 18 AmorePacific Company Overview
- Table 19 AmorePacific Financial Overview
Pricing
Currency Rates
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