Press Release

Vietnam Cosmetic Pigments Market to Grow with a CAGR of 3.73% through 2028

Surge in research and development activities is expected to drive the Vietnam Cosmetic Pigments Market growth in the forecast period, 2024-2028.

According to TechSci Research report, “Vietnam Cosmetic Pigments Market– By Region, Competition, Forecast and Opportunities, 2018-2028F”, the Vietnam Cosmetic Pigments Market is anticipated to grow with a CAGR of 3.73% in the forecast period, 2023-2028. The initiatives taken by government based on cosmetic pigments has led to favorable market conditions for the Vietnam Cosmetic Pigments Market. Several factors contribute to the growth of various cosmetic pigments market products.

The Vietnamese authorities have been proactive in their efforts to crack down on substandard cosmetics, taking strict actions against brands that fail to meet the required quality standards. Through rigorous inspections and monitoring, these authorities have successfully removed such products from store shelves, ensuring that only safe and high-quality cosmetics are available to consumers.

In addition to their crackdown on substandard cosmetics, the government has been actively promoting and supporting local production of cosmetics in Vietnam. This includes encouraging the development and manufacturing of cosmetics with cosmetic pigments, aimed at reducing the country's reliance on imports and boosting the growth of the domestic cosmetic industry. By fostering local production, Vietnam aims to enhance its self-sufficiency in the cosmetics sector and create more opportunities for local businesses and manufacturers.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Vietnam Cosmetic Pigments Market

 

The significant surge in research and development (R&D) efforts within the cosmetic pigments market has led to the introduction of a plethora of innovative products. Companies are actively launching new products that boast unique features and characteristics, aiming to cater to the diverse and evolving needs of consumers. These product launches not only serve to expand the existing product portfolios of companies but also contribute to the intensification of competition within the market. With this heightened level of competition, companies are driven to continuously innovate and differentiate themselves, ultimately benefiting the consumers with a wider range of choices and improved product offerings.

The Vietnam Cosmetic Pigments Market is segmented in elemental composition, application, regional distribution, and company.

Based on its elemental composition, the inorganic pigments segment held the largest share in the market. The demand for inorganic pigments is experiencing a notable increase in the cosmetics industry, particularly in the premium and luxury segments. These pigments are being increasingly favored due to their ability to deliver intense color payoff and long-lasting effects, which are highly sought after in high-end cosmetic products.

Furthermore, the growing disposable income of consumers in Vietnam, coupled with the evolving fashion trends, has significantly contributed to the surge in demand for these premium cosmetic products. As a result, the market for inorganic pigments has been witnessing substantial growth, catering to the preferences of discerning consumers who prioritize quality and longevity in their cosmetic choices.

Based on region, Central segment is expected to grow during the forecast period.

In recent years, the central region of Vietnam has experienced a remarkable surge in consumer spending on cosmetics. This upward trend can be attributed to a combination of factors, such as the steady rise in disposable income among individuals and the evolving preferences of consumers.

As people become more conscious of beauty and self-care, they are increasingly inclined to invest in premium cosmetic products that boast high-quality ingredients and innovative cosmetic pigments. This growing demand for cosmetics reflects the region's shifting beauty landscape and presents exciting opportunities for businesses operating in the industry.

Major companies operating in Vietnam Cosmetic Pigments Market are:

  • BASF Vietnam Co. Ltd.
  • MERCK VIETNAM COMPANY LTD.
  • Lanxess Pte Ltd.
  • Huntsman Corporation
  • Sensient Cosmetic Technologies

 Download Free Sample Report

Customers can also request for 10% free customization on this report

 

“Growing application of cosmetic pigments in various end user industries are key drivers of the cosmetic pigments market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of cosmetic pigments with every passing year are anticipated to register an impressive growth to Vietnam Cosmetic Pigments Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Vietnam Cosmetic Pigments Market By Elemental Composition (Organic Pigments, Inorganic Pigments), By Application (Facial Makeup, Eye Makeup, Lip Products, Nail Products, Special Effect & Special Purpose Products, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Vietnam Cosmetic Pigments Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Vietnam Cosmetic Pigments Market.

 

Contact Us-

TechSci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

M: +13322586602

Email: [email protected]

Website: www.techsciresearch.com

Relevant News