Market Insights Consumer Beauty & Personal Care Skin Care

Face Skin Care - Vietnam

Vietnam

In Vietnam, the Face market generates a revenue of US$0.41bn in 2024.
It is projected to experience an annual growth rate of 4.05% (CAGR 2024-2029).
When comparing globally, in Japan generates the highest revenue of US$17,990m in 2024.
In terms of per person revenues, US$4.13 is generated in 2024, taking into account the total population figures.
Vietnamese consumers are increasingly embracing the use of face masks to protect their skin from pollution and maintain a youthful appearance.

Key regions: United States, Indonesia, United Arab Emirates, South Korea, Canada

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Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.