
Vietnam Skin Care Products Market Growth Analysis - Forecast Trends and Outlook (2025-2034)
Description
The Vietnam skin care products market size reached approximately USD 1.20 Billion in 2024 . The market is estimated to grow at a CAGR of 9.50% in the forecast period of 2025-2034, reaching a value of around USD 2.97 Billion by 2034 .
Key Trends in the Market
Skincare products encompass a broad range of products that enhance the health and appearance of the skin. They offer specific solutions for various skin issues such as acne, dryness, dehydration, dullness, oiliness, hyperpigmentation, and fine lines, among others.
Market Breakup by Type
Facial care occupies a significant portion of Vietnam skin care products market share owing to the growing trend of self-care and the increasing focus on bolstering the appearance of the face. Face toners are also gaining popularity as an additional step in the facial care routine for providing an extra level of hydration to the skin.
Meanwhile, body care is expected to witness robust growth in the forecast period due to the increasing skin concerns and growing awareness regarding the positive impact of optimal skin health on overall well-being.
Market Share by Gender
As per the Vietnam skin care products market analysis, women account for a substantial share of the market as they are more prone to skin issues compared to men, due to hormonal imbalances and menstrual cycles. This has led to a surge in the demand for skin care products such as serums and creams, that address specific skin issues among women.
Additionally, unisex skin care products are expected to gain sizeable growth in the coming years, due to the growing trend of gender neutrality.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Vietnam skin care products market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Shiseido Co Ltd.
Shiseido Co Ltd., established in 1972, is a multinational cosmetic company, headquartered in Tokyo, Japan. Some of its major brands include Integrate, AUPRES, ELIXIR, IPSA, BENEFIQUE, and ANESSA, among others.
Unilever PLC
Unilever PLC is a consumer goods company, incorporated in 1929, with its headquarters in London, the United Kingdom. The company aims to reach net-zero emissions by reformulating its products and offering plant-based alternatives.
L'Oreal SA
L'Oreal SA, founded in 1909 and based in Clichy, France, is a prominent cosmetic brand across the world. The company offers a wide range of skincare, makeup, hair care, and personal care products, among others.
Other Vietnam skin care products market players include Estee Lauder Companies Inc., Procter & Gamble Company, Beiersdorf AG, Revlon, Inc., Amorepacific Corporation, DECIEM Beauty Group Inc., Saigon Cosmetics Corporation, and Marico Limited, among others.
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Middle East Skin Care Products Market Bangladesh Skin Care Products Market South Korea Skin Care Products Market Malaysia Skin Care Products Market Australia Organic Skin Care Market Myanmar Skin Care Products Market Kuwait Skin Care Market Skin Care Products Market
Key Trends in the Market
Skincare products encompass a broad range of products that enhance the health and appearance of the skin. They offer specific solutions for various skin issues such as acne, dryness, dehydration, dullness, oiliness, hyperpigmentation, and fine lines, among others.
- Growing demand for organic and natural skincare products, due to the rising concerns regarding the harmful effects of chemicals on the skin, is a prominent Vietnam skin care products market trend.
- The burgeoning popularity of sun protection products such as sunscreens, sunblocks, and sun sticks, among others, due to the hot and humid climate of Vietnam is also a major trend aiding the market expansion.
- The rising trend of skin minimalism has fuelled the demand for hybrid products that offer the goodness of both skincare and make-up such as primer moisturiser and concealer serum, among others, further providing impetus to the Vietnam skin care products market growth.
- Several market players in the country also provide the facility of skin testing and consultation to offer a personalised skincare experience to their customers and enhance their brand value.
Market Breakup by Type
- Facial Care
- Body Care
- Others
- Face Creams and Moisturisers
- Cleansers and Face Wash
- Face Masks and Packs
- Sunscreen
- Body Creams and Moisturisers
- Body Wash
- Others
- Natural
- Chemical
- Men
- Women
- Unisex
- Premium
- Mass
- Supermarkets and Hypermarkets
- Convenience Stores
- Speciality Stores
- Online
- Others
Facial care occupies a significant portion of Vietnam skin care products market share owing to the growing trend of self-care and the increasing focus on bolstering the appearance of the face. Face toners are also gaining popularity as an additional step in the facial care routine for providing an extra level of hydration to the skin.
Meanwhile, body care is expected to witness robust growth in the forecast period due to the increasing skin concerns and growing awareness regarding the positive impact of optimal skin health on overall well-being.
Market Share by Gender
As per the Vietnam skin care products market analysis, women account for a substantial share of the market as they are more prone to skin issues compared to men, due to hormonal imbalances and menstrual cycles. This has led to a surge in the demand for skin care products such as serums and creams, that address specific skin issues among women.
Additionally, unisex skin care products are expected to gain sizeable growth in the coming years, due to the growing trend of gender neutrality.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Vietnam skin care products market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Shiseido Co Ltd.
Shiseido Co Ltd., established in 1972, is a multinational cosmetic company, headquartered in Tokyo, Japan. Some of its major brands include Integrate, AUPRES, ELIXIR, IPSA, BENEFIQUE, and ANESSA, among others.
Unilever PLC
Unilever PLC is a consumer goods company, incorporated in 1929, with its headquarters in London, the United Kingdom. The company aims to reach net-zero emissions by reformulating its products and offering plant-based alternatives.
L'Oreal SA
L'Oreal SA, founded in 1909 and based in Clichy, France, is a prominent cosmetic brand across the world. The company offers a wide range of skincare, makeup, hair care, and personal care products, among others.
Other Vietnam skin care products market players include Estee Lauder Companies Inc., Procter & Gamble Company, Beiersdorf AG, Revlon, Inc., Amorepacific Corporation, DECIEM Beauty Group Inc., Saigon Cosmetics Corporation, and Marico Limited, among others.
More Insights On:
Middle East Skin Care Products Market Bangladesh Skin Care Products Market South Korea Skin Care Products Market Malaysia Skin Care Products Market Australia Organic Skin Care Market Myanmar Skin Care Products Market Kuwait Skin Care Market Skin Care Products Market
Table of Contents
129 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Asia Pacific Skin Care Products Market Overview
- 5.1 Key Industry Highlights
- 5.2 Asia Pacific Skin Care Products Historical Market (2018-2024)
- 5.3 Asia Pacific Skin Care Products Market Forecast (2025-2034)
- 6 Vietnam Skin Care Products Market Overview
- 6.1 Key Industry Highlights
- 6.2 Vietnam Skin Care Products Historical Market (2018-2024)
- 6.3 Vietnam Skin Care Products Market Forecast (2025-2034)
- 7 Vietnam Skin Care Products Market by Type
- 7.1 Facial Care
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Body Care
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Others
- 8 Vietnam Skin Care Products Market by Product
- 8.1 Face Creams and Moisturisers
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Cleansers and Face Wash
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Face Masks and Packs
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Sunscreen
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Body Creams and Moisturisers
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Body Wash
- 8.6.1 Historical Trend (2018-2024)
- 8.6.2 Forecast Trend (2025-2034)
- 8.7 Others
- 9 Vietnam Skin Care Products Market by Ingredient
- 9.1 Natural
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Chemical
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 Vietnam Skin Care Products Market by Gender
- 10.1 Men
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Women
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Unisex
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 11 Vietnam Skin Care Products Market by Price Category
- 11.1 Premium
- 11.1.1 Historical Trend (2018-2024)
- 11.1.2 Forecast Trend (2025-2034)
- 11.2 Mass
- 11.2.1 Historical Trend (2018-2024)
- 11.2.2 Forecast Trend (2025-2034)
- 12 Vietnam Skin Care Products Market by Distribution Channel
- 12.1 Supermarkets and Hypermarkets
- 12.1.1 Historical Trend (2018-2024)
- 12.1.2 Forecast Trend (2025-2034)
- 12.2 Convenience Stores
- 12.2.1 Historical Trend (2018-2024)
- 12.2.2 Forecast Trend (2025-2034)
- 12.3 Speciality Stores
- 12.3.1 Historical Trend (2018-2024)
- 12.3.2 Forecast Trend (2025-2034)
- 12.4 Online
- 12.4.1 Historical Trend (2018-2024)
- 12.4.2 Forecast Trend (2025-2034)
- 12.5 Others
- 13 Market Dynamics
- 13.1 SWOT Analysis
- 13.1.1 Strengths
- 13.1.2 Weaknesses
- 13.1.3 Opportunities
- 13.1.4 Threats
- 13.2 Porter’s Five Forces Analysis
- 13.2.1 Supplier’s Power
- 13.2.2 Buyer’s Power
- 13.2.3 Threat of New Entrants
- 13.2.4 Degree of Rivalry
- 13.2.5 Threat of Substitutes
- 13.3 Key Indicators for Demand
- 13.4 Key Indicators for Price
- 14 Trade Data Analysis (HS Code - 334)
- 14.1 Major Importing Countries
- 14.1.1 By Volume
- 14.1.2 By Value
- 14.2 Major Exporting Countries
- 14.2.1 By Volume
- 14.2.2 By Value
- 15 Competitive Landscape
- 15.1 Supplier Selection
- 15.2 Key Global Players
- 15.3 Key Regional Players
- 15.4 Key Player Strategies
- 15.5 Company Profiles
- 15.5.1 Shiseido Co Ltd.
- 15.5.1.1 Company Overview
- 15.5.1.2 Product Portfolio
- 15.5.1.3 Demographic Reach and Achievements
- 15.5.1.4 Certifications
- 15.5.2 Unilever PLC
- 15.5.2.1 Company Overview
- 15.5.2.2 Product Portfolio
- 15.5.2.3 Demographic Reach and Achievements
- 15.5.2.4 Certifications
- 15.5.3 L'Oreal SA
- 15.5.3.1 Company Overview
- 15.5.3.2 Product Portfolio
- 15.5.3.3 Demographic Reach and Achievements
- 15.5.3.4 Certifications
- 15.5.4 Estee Lauder Companies Inc.
- 15.5.4.1 Company Overview
- 15.5.4.2 Product Portfolio
- 15.5.4.3 Demographic Reach and Achievements
- 15.5.4.4 Certifications
- 15.5.5 Procter & Gamble Company
- 15.5.5.1 Company Overview
- 15.5.5.2 Product Portfolio
- 15.5.5.3 Demographic Reach and Achievements
- 15.5.5.4 Certifications
- 15.5.6 Beiersdorf AG
- 15.5.6.1 Company Overview
- 15.5.6.2 Product Portfolio
- 15.5.6.3 Demographic Reach and Achievements
- 15.5.6.4 Certifications
- 15.5.7 Revlon, Inc.
- 15.5.7.1 Company Overview
- 15.5.7.2 Product Portfolio
- 15.5.7.3 Demographic Reach and Achievements
- 15.5.7.4 Certifications
- 15.5.8 Amorepacific Corporation
- 15.5.8.1 Company Overview
- 15.5.8.2 Product Portfolio
- 15.5.8.3 Demographic Reach and Achievements
- 15.5.8.4 Certifications
- 15.5.9 DECIEM Beauty Group Inc.
- 15.5.9.1 Company Overview
- 15.5.9.2 Product Portfolio
- 15.5.9.3 Demographic Reach and Achievements
- 15.5.9.4 Certifications
- 15.5.10 Saigon Cosmetics Corporation
- 15.5.10.1 Company Overview
- 15.5.10.2 Product Portfolio
- 15.5.10.3 Demographic Reach and Achievements
- 15.5.10.4 Certifications
- 15.5.11 Marico Limited
- 15.5.11.1 Company Overview
- 15.5.11.2 Product Portfolio
- 15.5.11.3 Demographic Reach and Achievements
- 15.5.11.4 Certifications
- 15.5.12 Others
Pricing
Currency Rates
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