Vietnam Personal Care Ingredients Market – Analysis, Industry Size & Share

Vietnam personal care ingredients market is projected to register growth at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the growing demand for natural & organic personal care products, owing to changing lifestyle of consumers and their increasing purchasing power.

The Important Factors of the Vietnam Personal Care Ingredients Market

Besides, increasing shift of consumers from petroleum-based products to natural products and growing demand for personal care products. Additionally, rising demand for high-quality personal care ingredients and increase awareness regarding hygiene and skin care are anticipated to boost the growth of Vietnam's personal care ingredients market.

Moreover, increasing demand for organic skincare and hair care products, owing to a rise in awareness towards hazardous and chemical-laden ingredients is expected to boost the growth of the Vietnam personal care ingredients market. Furthermore, technological advancements in ingredient processing and growing R&D expenditure are expected to fuel the growth of the Vietnam personal care ingredients market in the coming years.

Vietnam's personal care ingredients market is based on type, application, and region. Based on ingredients, the personal care ingredients market is segmented into emollients, surfactants, emulsifiers, rheology modifiers, active ingredients, and others. In 2021, in terms of value, the emollient segment dominated the market owing to their application in skin care products, ranging from face creams, cleansers, and shampoos, etc. The active ingredients segment is projected to register the highest CAGR, in terms of value, between 2023-2027, owing to the growing demand for multifunctional products such as anti-aging creams and sunscreens. Based on application, the market has been segmented into toiletries, hair care, skincare, etc.

In 2021, the skin care ingredients segment dominated the market and is anticipated to maintain its dominance over the next five years as well owing to growing demand for anti-aging and anti-acne creams, growing demand for sunscreens, and the growing aging population. Moreover, increasing consumer disposable incomes coupled with changing lifestyles have contributed to the rising demand for chemical-free skin and hair care products by Vietnamese consumers which further boost the personal care ingredients market in the country.

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Some of the leading players in the Vietnam personal care ingredients market

• BASF SE
• Evonik Industries AG
• Croda International PLC.
• The DOW Chemical Company
• Solvay SA
• Wacker Chemie AG
• Clariant AG
• Lonza Group Ltd
• E. I. Du Pont De Nemours and Company
• Innospec Inc., etc.

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Report Scope:

In this report, Vietnam's personal care ingredients market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Personal Care Ingredients Market, by Type:
  • Surfactant
  • Conditioning Polymers
  • Emollients
  • Rheology Control Agents
  • Emulsifiers
  • UV Absorbers
  • Hair Fixative Polymers
  • Antimicrobials
• Vietnam's Personal Care Ingredients Market, by Application:
  • Skincare
  • Hair care
  • Oral care
  • Toiletries
  • Make up
  • Fragrances
•  Vietnam Personal Care Ingredients Market, By Country:

• • South Vietnam
  • North Vietnam
  • Central Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam's personal care ingredients market.