Vietnam Laundry Care Products Market (2023-2029) | Share, Size, Growth, Analysis, Industry, Value, Trends, Revenue, Outlook, Segmentation & COVID-19 IMPACT

Topics Covered in the Vietnam Laundry Care Products Market

Vietnam Laundry Care Products Market report thoroughly covers the market by product, by product form type, and by distribution channel. The Laundry Care Products Market Outlook report provides an unbiased and detailed analysis of the ongoing Laundry Care Products Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Vietnam Laundry Care Products Market Synopsis

Vietnam Laundry Care Products Market is expected to grow at a massive growth rate during the forecast period on the back of a growing population, rising disposable income levels, and changing lifestyles. However, the high price of laundry care products and low levels of awareness are the major factors hampering the Vietnam Laundry Care Products Market growth. Additionally, competition from other countries is also posing challenges to market expansion. However, the high cost of laundry care products is expected to be a major constraint for industry development.

According to 6Wresearch, the Vietnam Laundry Care Products Market share is projected to grow at a higher growth rate during 2023-2029. The key drivers of demand for laundry care products in Vietnam are rising incomes, urbanization, and the increasing availability of laundry care products in Vietnam is also driving up demand. With the increasing popularity of online shopping, many consumers have started buying laundry care products online. The laundry care products market in Vietnam is growing tremendously owing to the increasing awareness of personal hygiene and the changing lifestyle of people. The market is further driven by the growth of the hospitality industry and increasing tourism. The key trends observed in the market are an increase in sales through e-commerce channels and an expansion of distribution channels. In general, laundry care products offer consumers the great convenience of not having to wash their clothes by hand. Moreover, it offers effectiveness in removing dirt and stains from clothes.

COVID-19 Impact on the Vietnam Laundry Care Products Market

The COVID-19 pandemic has had a miscellaneous impact on the Vietnam laundry care products industry as people spend time at home due to lockdown measures. Due to this, there has been an increase in demand for laundry care products. However, the pandemic has also led to an economic slowdown which has had an impact on consumer purchasing power. Additionally, the pandemic has led to supply chain disturbances and logistical issues, which have affected the availability and pricing of raw materials.

Key Players in the Vietnam Laundry Care Products Market

The market is comprised of several key players. For instance;

• Unilever
• Procter & Gamble
• Lion Corporation
• SC Johnson
• Henkel
• Vico Limited.

Market Analysis by Product

According to Ravi Bhandari, Research Head, 6Wresearch, detergent is the largest segment in the market, driven by the growing awareness of hygiene and cleanliness.

Market Analysis by Product Form Type

By Product Form Type, the liquid segment is the fastest-growing segment due to the rising popularity of liquid detergents in urban areas.

Market Analysis by Distribution Channel

By distribution channel, the online segment includes the sales of laundry care products via e-commerce platforms. On the other hand, the offline segment includes the sales of laundry care products through traditional brick-and-mortar stores. This is the largest distribution channel in Vietnam. However, it is expected to grow at a slow pace due to the growing popularity of online sales.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Vietnam Laundry Care Products Market Outlook
• Market Size of Vietnam Laundry Care Products Market, 2022
• Forecast of Vietnam Laundry Care Products Market, 2029
• Historical Data and Forecast of Vietnam Laundry Care Products Revenues & Volume for the Period 2019 - 2029
• Vietnam Laundry Care Products Market Trend Evolution
• Vietnam Laundry Care Products Market Drivers and Challenges
• Vietnam Laundry Care Products Price Trends
• Vietnam Laundry Care Products Porter's Five Forces
• Vietnam Laundry Care Products Industry Life Cycle
• Historical Data and Forecast of Vietnam Laundry Care Products Market Revenues & Volume By Product Type for the Period 2019 - 2029
• Historical Data and Forecast of Vietnam Laundry Care Products Market Revenues & Volume By Detergent for the Period 2019 - 2029
• Historical Data and Forecast of Vietnam Laundry Care Products Market Revenues & Volume By Fabric Softener for the Period 2019 - 2029
• Historical Data and Forecast of Vietnam Laundry Care Products Market Revenues & Volume By Bleach for the Period 2019 - 2029
• Historical Data and Forecast of Vietnam Laundry Care Products Market Revenues & Volume By Speciality Products for the Period 2019 - 2029
• Historical Data and Forecast of Vietnam Laundry Care Products Market Revenues & Volume By Product Form Type for the Period 2019 - 2029
• Historical Data and Forecast of Vietnam Laundry Care Products Market Revenues & Volume By Bar/Cake for the Period 2019 - 2029
• Historical Data and Forecast of Vietnam Laundry Care Products Market Revenues & Volume By Powder for the Period 2019 - 2029
• Historical Data and Forecast of Vietnam Laundry Care Products Market Revenues & Volume By Liquid for the Period 2019 - 2029
• Historical Data and Forecast of Vietnam Laundry Care Products Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
• Historical Data and Forecast of Vietnam Laundry Care Products Market Revenues & Volume By Online for the Period 2019 - 2029
• Historical Data and Forecast of Vietnam Laundry Care Products Market Revenues & Volume By Offline for the Period 2019 - 2029
• Vietnam Laundry Care Products Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Product Form Type
• Market Opportunity Assessment By Distribution Channel
• Vietnam Laundry Care Products Top Companies Market Share
• Vietnam Laundry Care Products Competitive Benchmarking By Technical and Operational Parameters
• Vietnam Laundry Care Products Company Profiles
• Vietnam Laundry Care Products Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

• Detergent
• Fabric Softener
• Bleach
• Speciality Products

By Product Form Type

• Bar/Cake
• Powder
• Liquid

By Distribution Channel

• Online
• Offline