Vietnam Cosmetics Market Insights, Size and Growth Forecast To 2027
Vietnam Cosmetics Market expected to boost by the rapid pace of urbanization and the surge in income levels in Vietnam. The Vietnam Cosmetics market projected to grow with a notable rate during the estimated period 2019-2027, owing to the higher demand for products enriched with natural ingredients. Vietnamese consumers believe that these products are safer, better quality, environmentally friendly, and more effective. Additionally, the aging of the population, an increase in the number of the middle class, and rapid urbanization projected to propel the Vietnam Cosmetics market in the forecast period. In 2017, households with per capita disposable income US $ 5,000 to $ 15,000 accounted for 34%, which are estimated to reach 49% by 2030. Moreover, the growth of the Vietnamese middle-income population and their changing preference for high-quality cosmetics is a major factor anticipated to grow the Vietnam cosmetics market. Additionally, the rise in internet penetratio...