Vietnamese cosmetic products have only a 10 per cent market share though they can easily compete with foreign ones in terms of quality, said the deputy chairman of vietnam essential oils, aromatherapy and cosmetics association in an interview with the viet name news. Dhg pharmaceutical jointstock company dhg pharma dhg pharma for a more beautiful and healthier life. We are the leading company in vietnam manufacturing and trading pharmaceutical products, with about 200 assorted products competitive prices. The ecommerce market revenues of vietnam have grown at a cagr of 114. Companies use customers communication networks as a comprehensive marketing strategy for advertising and distributing products and an option in finance strategies. Friends70% and website58% are the common information source korean brands are overwhelmingly popular among vietnamese asia plus inc. Growing awareness and popularity for natural cosmetics is the key factor driving the demand. Our complete website solution frees up the time, cost and technical expertise required to build and operate your own successful online travel business. Organizations or individuals distributing the cosmetic product on the market are only permitted when being granted the number of cosmetic product proclamation from the authority agencies. To ensure that cosmetic products are safe, regulation. Cosmetics market makeup or beauty products are mixture of chemical generally used to enhance the appearance or odor of the human body.
Vietnam promising market for foreign cosmetics manufacturers. Sweden cosmetics products market is projected to grow at a cagr of 6. Oneface was founded in 2009 by yonghwe kim who has 30 years of experience in the korean cosmetics industry. This rising awareness is the main reason why the domestic herbal cosmetics market of indonesia is growing sharply. Projects in the west market attracting tenants having demand for large in the west, developers are ready to. All together we shared the vision of a new platform and new ways to do beauty business. For example, international brand shiseido has introduced za and aupres.
A study of the european cosmetics industry european commission. These figures were confirmed as euromonitor international, a market research company, also reported that the market size of vietnams cosmetic industry has surpassed usd1 billion in two years, 90% of which are imports, and with annual growth rates often reaching two figures. However, vietnam is one of the countries which has shown the biggest growth among the major sea countries. May 04, 2016 cosmetic gmp guideline vietnamese update 1. Vietnam market entry, market research and business. Shoji agata, executive officer of overseas division, worldwide of nippon menard cosmetics co ltd, said with viet nams economy growing at such a high speed, the country has even more potential as a major market for cosmetics and other. Understand vietnam market in depth how big is vietnam. Our market entry services cover a range of services that help the clients to do business in vietnam in a cost effective ways through. Sholihin sofyan, chairman of the indonesian cosmetic producers association ppa kosmetika, said the indonesian people are becoming increasingly aware of the importance of nonchemical basic materials inside cosmetic products. Cosmetics product proclamation in vietnam ant lawyers.
Under vietnam law, a cosmetic product made in vietnam or imported into vietnam must go through procedure of proclamation before being sold on the market. Hcm city mekong beauty show, the only businesstobusiness beauty exhibition in vi. Cosmetic, perfume and toiletry market in vietnam to 2020 market size, development, and forecasts. Presently, the sale of cosmetics and beauty products is largely uncontrolled and is plagued by a wide range of fake, mislabeled, and smuggled products. Since then, oneface has been spreading its name globally in the cosmetics market with the development of products such as doctorcos, elisha. The cosmetic industry in the country has high development and growth potential with an average turnover of 10,500 billion vnd a year and an annual sale increase of 30%. Our solution survey is conducted via mobile phone and the data is processed realtime affordable quick high quality takes 24 48 hours for most surveys, proving realtime analysis superb realtime analysis for flexible and accurate data collection of the competitor pricing. Jun 08, 2019 euromonitor internationals beauty and personal care in vietnam report offers a comprehensive guide to the size and shape of the market at a national level. Swat cosmetics trading pakistan pakistan info email phone swat cosmetics trading p. Makeup behaviors and cosmetic market in vietnam 2018 this survey was conducted to understand female makeup behaviors and find out cosmetic and makeup trends in the market compared with 2016, there are more makeup users, who apply makeup for more occassions. The impacts of viral marketing on vietnamese travelers. Despite nterest rate, certain projects still have good uction progress. Market knowledge property valuations require an extensive understanding of the local market to ensure reports are accurate and timely.
Vietnam market research report vietnam makeup market. How to ensure cosmetics labeling complies in vietnam description for cosmetic label content, vietnam law provides that the cosmetic products label must be suitable for requirements of the cosmetic label writing set by the asean. Despite the relative unsophistication of the market, however, it is not without its regional variations. International corporations would face challenges to understand the vietnam market in both commercial and regulatory terms. Mekong beauty show to show off cosmetics in hcm city.
Makeup behaviors and cosmetic market in vietnam 2018. Foreign brands find vietnam cosmetics market alluring during. Cosmeticsdesignasia said vietnam is a market worth investing in for japanese beauty firms, as foreign enterprises dominate the countrys cosmetic market. Cosmetic corporation number 1 leader in vietnam and asean zone market for fragrances and cosmetics, medicare leader retailer in vietnam, beautystreams from usa beauty leader trendsetter and nielsen for market reaserch and analisy. Vietnam market research report vietnam makeup market 2016. The cosmeceutical market current and future outlook in cosmetics asia. Nwc can support with market scans, legal set up and other market entry business development services.
Beauty and personal care market value vietnam, 2014 statista. It provides the latest retail sales data 20142018, allowing you to identify the sectors driving growth. Posted on june 11, 2018 author vov 0 with a compound annual growth of 30% in the beauty product market, vietnam has become a prospective hub for foreign companies, including those from the republic of korea and japan. The purpose of todays speech is to discuss about the cosmetic market in vietnam. Survey about cosmetics in vietnam linkedin slideshare. Sweden cosmetics products market growth trends forecasts. S bbcc creams grow 61% constant value packaging innovations launch innovation spurs growth in premium facial cosmetics 2011 2012 20 2015 93% us premium bbcc 17%. The market for online gaming is dominated by vtg, which possesses a large portfolio of gamers of different age groups. High disposable incomes and inclination to spend on appearance as a large section of the countrys population being older and aging is driving the market. The demand for natural cosmetics for skin care was estimated to have the highest revenue share of usd 10.
Vietnam makeup market 2016 check out our latest finding about how vietnamese female makes up, to understand them better in terms of the lifestyle, information source, brand preference and others. The report suggests there is significant room for the expansion and further development of domestic brands, although the modest presence does indicate the fact that there is a lot of work to be done to enhance the perception of foreign brands amongst vietnamese consumers. Vietnam is a developing country with many opportunities but also difficult to enter. Japan cosmetics firms look to vietnam as domestic slowdown. Euromonitor internationals beauty and personal care in vietnam report offers a comprehensive guide to the size and shape of the market at a national level. Overview cosmetic and beauty care products have penetrated more deeply into vietnamese society when the incomes rise. Nu cosmetic clinic united kingdom info email web phone nu cosmetic clinic 33a rodney street liverpool merseyside l1 9eh uk.
Vietnamese people spent billions of dollars on imported. Korean cosmetics korean cosmetics suppliers, buyers. Why is the vietnamese cosmetic market dominated by. The cosmetics market in vietnam nice to meet you today, my names nhu and welcome to my presentation. According to experts, the consumption of cosmetic products has risen by an average of 30 per cent per year. Nearly 30% of the respondents make up everyday and 25% do not make up at all. Within the region, vietnam has become a promising market for. Foreign brands find vietnam cosmetics market alluring with doubledigit growth annually, vietnam has a promising cosmetics industry for foreign firms seeking to expand overseas, experts have said. The natural fragrance market is expected to register a cagr of 5. Vietnams beauty market booming with new brands vietnam up. Vietnam cosmetic market ripe for the expansion of domestic. Beauty and personal care market value in vietnam 2014, by category hong kongs imports of cosmetics and toiletries 2014, by country of origin cosmetic product shipment share in japan 20102014, by. Cosmetic products market share in italy 2018, by channel body care product consumption in italy 2019, by category face care product consumption in italy 2019, by category. New players from thailand and china are also rolling out their products to.
For more than 10 years in vietnam, cbre has undertaken in depth research, market studies and data collection to establish comprehensive market knowledge and a thorough understanding of the property market locally. Its market size was forecasted to reach around 127 billion u. This market is contains large companies, with lazada and hotdeal being dominant players in online retail segment. Herbal cosmetics market of indonesia growing sharply. Cosmetics market research market overview the cosmetics sector in vietnam is in the early stages of development. The global cosmetics market continued to grow steadily, spurred on by the limitless diversity of consumer aspirations and by. Vietnams cosmetics market has great potential for further growth but is very much dominated by international brands. The vietnamese cosmetics market is becoming busier than ever as vietnam, as a member of ftas, has slashed the import tariff on many items to 05%. Cosmetics are care substances used to enhance the appearance or odor of the human body. As of 2014, vietnam cosmetic market size is estimated to be 600m usd, which were 16 of thailand and 15 of indonesia according to yano research institute. A number of foreign cosmetic brands have become victims of counterfeits as local authorities face many obstacles in exerting some oversight. It is clearly a rent ion but headline rents are kept unchanged to in the buildings reputation. Guosen research report on chinas cosmetics industry ll, 28 november 2012. Cosmetics distributor companies in vietnam company list.
May 24, 2016 beauty and personal care market value in vietnam 2014, by category hong kongs imports of cosmetics and toiletries 2014, by country of origin cosmetic product shipment share in japan 20102014, by. Comparatively, only a few vietnamese cosmetic brand names are visible in the market, such as saigon cosmetics, my hao chemical cosmetics and thorakao of the lan hao company. Through free trade agreements, import tariffs on cosmetics will be reduced to 05%, paving the way for the vietnams domestic market to develop its presence in apac. Cosmetics market size, share, industry trends and analysis. Foreign brands find vietnam cosmetics market alluring. The cosmeceutical market current and future outlook in.