The Vietnamese skin care market was valued at US$961.95 million in 2023 and is expected to grow significantly, reaching US$2.35 billion by 2032. This represents a compound annual growth rate of 11.8 percent during the forecast period, according to a report from Organic Markets Research
This is inline with a self-care market on the rise. The health and supplements market in Vietnam, for example, has experienced significant growth in recent years, driven by increasing health awareness, rising disposable incomes, and a rapidly growing middle class.
See also: Vietnam’s Supplements Market: Overview