Cosmetic Brands Vietnam

Research on vietnam cosmetic market 2019 1.

Cosmetic surgery york. Euromonitor international is the leading provider of strategic market research reports. Market value of cosmetics industry in vietnam 2016 2018. Specifically cosmetic products which cursereduce acne and treatment for oily skin rejuvenate the skin whiten skin and take care of hair are the best seller products.

Therefore vietnam is considered as a very potential market for this industry now. Qme is online market research provided by asia plus inc. Beauty brands looking to tapping into the growing vietnam market may have more opportunities following the governments announcement that it plans to focus on developing its e commerce sector in the wake of the novel coronavirus covid 19 outbreak.

Overview cosmetic and beauty care products have penetrated more deeply into vietnamese society when the incomes rise. According to the chemical cosmetic association in ho chi minh city 430 cosmetic brands operate in the country of which 90 are well known foreign brands. Purchase the colour cosmetics in vietnam country report as part of our colour cosmetics market research for july 2020.

Brands vietnam cong dong marketing va xay dung thuong hieu toan dien tai viet nam. Most of cosmetic products used in spa are imported. The growth of natural beauty brands from vietnam hasnt been smooth.

Vietnamese people consume only 4 usd per capita a year while this number for thai is 20 usd. Therefore it is an opportunity for high end foreign owned cosmetics brands to compete in vietnam market. Share of beauty product sales in vietnam june.

According to a survey conducted in january 2020 about the most used beauty brands among female consumers in vietnam 55 percent of the respondents stated that they used products from nivea. Currently 90 of vietnams cosmetic market share is dominated by multinationals including companies from south korea europe japan thailand and the us although a number of natural beauty brands from vietnam are slowly beginning to make their mark on the industry.