Market Insights Consumer Luxury Goods Prestige Cosmetics & Fragrances

Prestige Cosmetics - Vietnam

Vietnam

In Vietnam, the revenue in the Prestige Cosmetics market is projected to reach US$109.10m in 2024.
It is anticipated that this market will experience an annual growth rate of 4.03% (CAGR 2024-2028).
When compared to other countries worldwide, in the United States leads with the highest revenue, which is estimated to be US$5,284m in 2024.
Looking at the population figures, each person in Vietnam is expected to generate a revenue of US$1.10 in 2024.
Vietnamese consumers are increasingly investing in high-end skincare and makeup products, driving the growth of the prestige cosmetics market in Vietnam.

Key regions: Italy, Russia, United Kingdom, France, South Korea

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The Prestige Cosmetics market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Prestige Cosmetics industry.