Beauty and personal care in 2024: The big picture
Sales of beauty and personal care in Vietnam saw strong and steady growth in current value terms in 2024, driven by rising disposable incomes, stronger digital engagement, and evolving consumer preferences. The expansion of e-commerce and social commerce, particularly TikTok Shop and livestream shopping, has also made beauty and personal care products more accessible, while endorsements from key opinion leaders (KOLs) and user generated content continued to shape purchasing decisions. Vietnamese people generally maintain conservative monthly budgets and prioritise basic functional products but are still willing to spend extra money for good-quality items within beauty and personal care, with many people being able to increase their spending on such items across multiple categories in 2024.
2024 key trends
Consumers tend to be more selective when it comes to facial care, prioritising science-backed formulations in the masstige and premium segments, especially as the country’s ageing population drives demand for anti-ageing solutions. Meanwhile, mass-market consumers lean towards widely recognised brands that offer affordable and easily accessible options, making their purchasing decisions more straightforward.
Competitive landscape
Unilever was the joint leading company within beauty and personal care in 2024, alongside L'Oréal. These two companies have large portfolios of brands such as P/S, Clear and Lifebuoy (Unilever) and Maybelline New York, L'Oréal Paris and La Roche-Posay (L'Oréal). As one of the leaders in mass beauty and personal care, Unilever’s strengths can be found in its competitive pricing and frequent promotional campaigns (such as bundle deals and flash sales) which have kept its brands accessible to a wide range of consumers. The company has also heavily invested in social media, TikTok, Shopee Mall, utilised livestream selling, influencer partnerships, and created viral content to engage younger consumers. Unilever also consistently introduces new formulations and packaging to keep up with current trends, focusing on sustainability (eg recycled materials, refillable bottles) and trending ingredients (eg scalp care in hair care, SPF protection in skin care, and probiotics in body care).
Retail developments
Health and beauty specialists remained the leading distribution channel for beauty and personal care in Vietnam in 2024, despite the channel seeing a slight dip in its value share during the year. The slight decline in share was mainly attributed to the rapid growth of TikTok Shop and Shopee Mall where brands are aggressively pushing flash sales, influencer-driven content, and live demos. These actions are attracting price-sensitive and digital-savvy consumers. Furthermore, many brands are expanding into direct-to-consumer online sales, allowing customers to compare prices, read reviews, and purchase online after testing in-store.
What next for beauty and personal care ?
Sales of beauty and personal care are set to see strong and stable growth over the forecast period in value terms (at constant 2024 prices). Sales are expected to be driven by rising disposable incomes, increasing urbanisation, and the expansion of modern retail channels. Despite fierce competition from global giants, the market remains highly dynamic and promising, with opportunities for both niche products and emerging local brands to gain a stronger foothold. New entrants can differentiate themselves by highlighting real product benefits, leveraging social media marketing with proven results, and engaging consumers through influencer collaborations, live shopping, and interactive content. As consumers become more informed and selective, brands that offer science-backed formulations, personalised solutions, and strong digital engagement will likely have a competitive edge in this evolving landscape.
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Overview:
Understand the latest market trends and future growth opportunities for the Beauty and Personal Care industry in Vietnam with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Baby and Child-Specific Products
- Bath and Shower
- Colour Cosmetics
- Deodorants
- Depilatories
- Fragrances
- Hair Care
- Men's Grooming
- Oral Care
- Skin Care
- Sun Care
- Premium Beauty and Personal Care
- Mass Beauty and Personal Care
If you're in the Beauty and Personal Care industry in Vietnam, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Beauty and Personal Care in Vietnam report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Beauty and Personal Care in Vietnam?
- Which are the leading brands in Vietnam?
- How are products distributed in Vietnam?
- To what extent is e-commerce changing the retail environment and consumer demand?
- How are sales of mass versus premium beauty products evolving?
- Which products are seeing rising demand in the wake of COVID-19?
- Why are changing lifestyles and consumer behaviour patterns stimulating growth of some categories but not others?
- How is the macroeconomic environment shaping demand?
- Where is future growth expected to be most dynamic?
Beauty and Personal Care in Vietnam
Beauty and personal care in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
What next for beauty and personal care ?
DISCLAIMER
Baby and Child-Specific Products in Vietnam
KEY DATA FINDINGS
Sales see strong growth in 2024 despite declining child population
Johnson’s Baby remains the go-to brand despite mounting competition
Distribution landscape evolving as more consumers shift online
Strong growth projected despite declining birth rates
Local players and private label set to make inroads
Health and sustainability likely to be a focus of innovation
Bath and Shower in Vietnam
KEY DATA FINDINGS
Demand for body wash/shower gel continues to fuel growth in bath and shower
Unilever and Unza remain the standout players with both investing heavily in marketing activities
Supermarkets the big winner in the distribution of bath and shower products in 2024
Positive outlook for bath and shower as new brands continue to enter the market
Cocoon could make a big mark with a strong focus on its local origins
Skin brightening formulations expected to be a focus of innovations
Colour Cosmetics in Vietnam
KEY DATA FINDINGS
Social media and new product development helping to fuel growth
L'Oréal remains on top with players using social media to reach younger consumers
E-commerce continues to take big strides in colour cosmetics
Consumers expected to look for added skin care benefits in their make-up
Local players could benefit from greater insight into local preferences
Health and convenience expected to be the focus on innovation
Deodorants in Vietnam
KEY DATA FINDINGS
Sales of deodorants benefiting from increasing hygiene awareness
Beiersdorf loses ground due to a drop off in investment in the market
Supermarkets and e-commerce expanding their share of distribution as consumers look for value and convenience
Increasing awareness of the importance of good personal hygiene should drive growth
New and innovative ingredients likely to be a feature of new product development
Creams, serums and smaller packaging set to drive innovation
Depilatories in Vietnam
KEY DATA FINDINGS
Western beauty trends fuelling demand for depilatories among younger women
Gillette dominates but Cleo finding success with natural formulations
Supermarkets and e-commerce expanding their presence in depilatories
Bright outlook for depilatories as more look for hair free skin
Natural ingredients and convenient solutions two trends to look out for in depilatories
Innovation expected to focus on convenience and comfort
Fragrances in Vietnam
KEY DATA FINDINGS
Fragrances thriving as more players enter the market and demand grows
Leading players make strong use of social media to drive sales and build customer engagement
Department stores remain the primary destination for fragrances
Women will likely remain the key target audience for fragrances
Body mists and unisex fragrances well placed to respond to new market trends
Local players could look to connect with consumers through local ingredients and cultural references
Hair Care in Vietnam
KEY DATA FINDINGS
Consumers show willingness to invest more in their hair care routines
Leading players use new product development and online marketing to drive sales
Supermarkets and e-commerce continue to take share from small local grocers
Increasing education around hair care set to benefit sales of premium products
Gentle formulations and long-lasting fragrances set to capture demand
Two-step approach to hair care could boost sales
Men's Grooming in Vietnam
KEY DATA FINDINGS
Evolving ideas around masculinity shaping the market and driving sales
X-Men on top but competition is on the rise
Consumers shift to supermarkets and e-commerce to meet their growing needs
Social and demographic factors should favour sales of men’s grooming
The changing scent of men in Vietnam
Convenience and comfort expected to be the focus of innovation
Oral Care in Vietnam
KEY DATA FINDINGS
Increasing desire for the perfect smile driving growth in oral care
Unilever and Colgate remain the two major players in oral care
Consumers shifting towards modern channels in search of better deals
Increasing focus on oral hygiene set to propel growth
Consumers expected to show willingness to invest in more advanced solutions
Players could look to follow in Colgate’s footsteps with multifunctional products
Skin Care in Vietnam
KEY DATA FINDINGS
Sales thriving as consumers pay more attention to their skin care routines
L'Oréal the big winner in 2024 extending its lead at the top
Beauty specialists lead distribution but e-commerce making big strides
Ageing population should trigger strong growth in skin care
Local players focus on product quality and innovation to build consumer trust
Efficiency and effectiveness likely to be the focus of innovation
Sun Care in Vietnam
KEY DATA FINDINGS
Sun protection a growing concern for locals
L'Oréal storms into the lead after an impressive year’s growth in 2024
E-commerce making big gains in sun care boosted by the strength of TikTok Shop
Increasing awareness of the importance of sun protection should fuel dynamic growth
Multifunctional products could present challenges and opportunities
Innovation expected to focus on skin health
Premium Beauty and Personal Care in Vietnam
KEY DATA FINDINGS
Improving economy encourages spending on premium products
L'Oréal increases its lead thanks to ongoing investment in the market
Savvy shoppers use e-commerce to secure the best deals
Bright outlook for the premium segment as consumer incomes rise
E-commerce set to retain a key role in driving sales and dictating trends
Personalisation presents a new way to add value
Mass Beauty and Personal Care in Vietnam
KEY DATA FINDINGS
More informed consumers show willingness to invest in beauty and personal care
Unilever loses the lead to L'Oréal
Consumers remain value focused but social media is shaking up the competitive landscape
Positive outlook for mass beauty and personal care
E-commerce and digital marketing will be key to success
Local brands full of promise while ingredients will come under the microscope
The following categories and subcategories are included:
Beauty and Personal Care
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- Baby and Child-specific Hair Care
- Baby and Child-specific Skin Care
- Baby and Child-specific Sun Care
- Baby and Child-specific Toiletries
- Baby Wipes
- Medicated Baby and Child-specific Products
- Nappy (Diaper) Rash Treatments
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- Bar Soap
- Bath Additives
- Body Powder
- Body Wash/Shower Gel
- Hand Sanitisers
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- Intimate Washes
- Intimate Wipes
- Liquid Soap
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- Premium Eye Liner/Pencil
- Mass Eye Liner/Pencil
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- Premium Eye Shadow
- Mass Eye Shadow
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- Premium Mascara
- Mass Mascara
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- Premium Other Lash and Brow Make-Up
- Mass Other Lash and Brow Make-Up
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-
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- Premium BB/CC Creams
- Mass BB/CC Creams
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- Premium Blusher/Bronzer/Highlighter
- Mass Blusher/Bronzer/Highlighter
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- Premium Foundation/Concealer
- Mass Foundation/Concealer
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- Premium Powder
- Mass Powder
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- Premium Other Facial Make-Up
- Mass Other Facial Make-Up
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-
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- Premium Lip Gloss
- Mass Lip Gloss
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- Premium Lip Liner/Pencil
- Mass Lip Liner/Pencil
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- Premium Lipstick
- Mass Lipstick
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- Premium Other Lip Products
- Mass Other Lip Products
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-
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- Premium Nail Polish
- Mass Nail Polish
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- Premium Nail Treatments/Strengthener
- Mass Nail Treatments/Strengthener
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- Premium Polish Remover
- Mass Polish Remover
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- Premium Other Nail Products
- Mass Other Nail Products
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- Premium Colour Cosmetics Sets/Kits
- Mass Colour Cosmetics Sets/Kits
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- Deodorant Creams
- Deodorant Pumps
- Deodorant Roll-Ons
- Deodorant Sprays
- Deodorant Sticks
- Deodorant Wipes
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- Hair Removers/Bleaches
- Women's Pre-Shave
- Women's Razors and Blades
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- Premium Body Mists
- Premium Men's Fragrances
- Premium Women's Fragrances
- Premium Unisex Fragrances
- Premium Fragrance Sets/Kits
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- Mass Body Mists
- Mass Men's Fragrances
- Mass Women's Fragrances
- Mass Unisex Fragrances
- Mass Fragrance Sets/Kits
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- 2-in-1 Products
- Colourants
- Conditioners and Treatments
- Hair Loss Treatments
- Perms and Relaxants
- Salon Professional Hair Care
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- Medicated Shampoos
- Standard Shampoos
- Styling Agents
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- Men's Post-Shave
- Men's Pre-Shave
- Men's Razors and Blades
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- Premium Men's Bath and Shower
- Mass Men's Bath and Shower
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- Premium Men's Deodorants
- Mass Men's Deodorants
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- Premium Men's Hair Care
- Mass Men's Hair Care
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- Premium Men's Skin Care
- Mass Men's Skin Care
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- Premium Men's Fragrances
- Mass Men's Fragrances
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- Dental Floss
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- Denture Cleansers
- Denture Fixatives
- Mouth Fresheners
- Mouthwashes/Dental Rinses
- Tooth Whiteners
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- Manual Toothbrushes
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- Battery Toothbrush Replacement Heads
- Battery Toothbrush Units
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- Electric Toothbrush Replacement Heads
- Electric Toothbrush Units
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- Toothpaste
- Oral Care Excl Power Toothbrushes
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- Premium Firming Body Care
- Mass Firming Body Care
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- Premium General Purpose Body Care
- Mass General Purpose Body Care
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- Premium Acne Treatments
- Mass Acne Treatments
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- Premium Face Masks
- Mass Face Masks
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- Premium Liquid/Cream/Gel/Bar Cleansers
- Mass Liquid/Cream/Gel/Bar Cleansers
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- Premium Facial Cleansing Wipes
- Mass Facial Cleansing Wipes
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- Premium Basic Moisturisers
- Mass Basic Moisturisers
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- Premium Anti-Agers
- Mass Anti-Agers
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- Premium Lip Care
- Mass Lip Care
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- Premium Toners
- Mass Toners
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- Premium Hand Care
- Mass Hand Care
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- Premium Skin Care Sets/Kits
- Mass Skin Care Sets/Kits
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- Premium Aftersun
- Mass Aftersun
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- Premium Self-Tanning
- Mass Self-Tanning
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- Premium Sun Protection
- Mass Sun Protection
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- Baby and Child-specific Sun Care
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- Premium Baby and Child-specific Products
- Premium Bath and Shower
-
-
- Premium Eye Liner/Pencil
- Premium Eye Shadow
- Premium Mascara
- Premium Other Lash and Brow Make-Up
-
- Premium BB/CC Creams
- Premium Blusher/Bronzer/Highlighter
- Premium Foundation/Concealer
- Premium Powder
- Premium Other Facial Make-Up
-
- Premium Lip Gloss
- Premium Lip Liner/Pencil
- Premium Lipstick
- Premium Other Lip Products
-
- Premium Nail Polish
- Premium Nail Treatments/Strengthener
- Premium Polish Remover
- Premium Other Nail Products
- Premium Colour Cosmetics Sets/Kits
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- Premium Deodorants
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- Premium Body Mists
- Premium Men's Fragrances
- Premium Women's Fragrances
- Premium Unisex Fragrances
- Premium Fragrance Sets/Kits
- Premium Hair Care
-
-
- Premium Firming Body Care
- Premium General Purpose Body Care
-
- Premium Acne Treatments
- Premium Face Masks
- Premium Facial Cleansing Wipes
-
- Premium Basic Moisturisers
- Premium Anti-Agers
- Premium Lip Care
- Premium Liquid/Cream/Gel/Bar Cleansers
- Premium Toners
- Premium Hand Care
- Premium Skin Care Sets/Kits
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- Premium Aftersun
- Premium Self-Tanning
- Premium Sun Protection
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- Prestige Baby and Child-specific Products
- Prestige Bath and Shower
- Prestige Colour Cosmetics
- Prestige Deodorants
- Prestige Fragrances
- Prestige Hair Care
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- Prestige Body Care
- Prestige Facial Care
- Prestige Hand Care
- Prestige Skin Care Sets/Kits
- Prestige Adult Sun Care
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- Mass Baby and Child-specific Products
- Mass Bath and Shower
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- Mass Eye Liner/Pencil
- Mass Eye Shadow
- Mass Mascara
- Mass Other Lash and Brow Make-Up
-
- Mass BB/CC Creams
- Mass Blusher/Bronzer/Highlighter
- Mass Foundation/Concealer
- Mass Powder
- Mass Other Facial Make-Up
-
- Mass Lip Gloss
- Mass Lip Liner/Pencil
- Mass Lipstick
- Mass Other Lip Products
-
- Mass Nail Polish
- Mass Nail Treatments/Strengthener
- Mass Polish Remover
- Mass Other Nail Products
- Mass Colour Cosmetics Sets/Kits
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- Mass Deodorants
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- Mass Body Mists
- Mass Men's Fragrances
- Mass Women's Fragrances
- Mass Unisex Fragrances
- Mass Fragrance Sets/Kits
- Mass Hair Care
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-
- Mass Firming Body Care
- Mass General Purpose Body Care
-
- Mass Acne Treatments
- Mass Face Masks
- Mass Facial Cleansing Wipes
-
- Mass Basic Moisturisers
- Mass Anti-Agers
- Mass Lip Care
- Mass Liquid/Cream/Gel/Bar Cleansers
- Mass Toners
- Mass Hand Care
- Mass Skin Care Sets/Kits
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- Mass Aftersun
- Mass Self-Tanning
- Mass Sun Protection
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- Dermocosmetics Baby and Child-specific Products
- Dermocosmetics Bath and Shower
- Dermocosmetics Colour Cosmetics
- Dermocosmetics Deodorants
- Dermocosmetics Fragrances
- Dermocosmetics Hair Care
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- Dermocosmetics Body Care
- Dermocosmetics Facial Care
- Dermocosmetics Hand Care
- Dermocosmetics Skin Care Sets/Kits
- Dermocosmetics Adult Sun Care
Beauty and Personal Care
This is the aggregation of baby and child-specific products, bath & shower, colour cosmetics, deodorants, depilatories, fragrances, hair care, men's grooming, oral care, skin care and sun care. Black market sales and travel retail are excluded.
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This report originates from Passport, our Beauty and Personal Care research and analysis database.
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