Market Insights Consumer Beauty & Personal Care Skin Care

Body - Vietnam

Vietnam

In Vietnam, the revenue in the Body market is projected to reach €221.50m by 2024.
It is anticipated that the market will grow annually by 6.47% (CAGR 2024-2029).
When compared globally, in China generates the highest revenue in this market segment, with €3,982m in 2024.
Looking at the per capita figures, each person in Vietnam is expected to generate revenues of €2.23 in 2024.
In Vietnam, there is a growing trend in the body market towards holistic wellness and natural beauty products.

Key regions: South Korea, India, Canada, Singapore, United States

Mercado

Región

Comparación de regiones

Moneda

Methodology

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.