The skin care powders and make-up powders market in Vietnam showed variability between 2013 and 2023, hitting a peak value of 16.567 million USD in 2015 and experiencing a general downward trend afterward. As of 2023, the market stood at 13.817 million USD, reflecting a 1.1% decrease from 2022. Over the last five years, the market saw an average annual growth rate (CAGR) of -1.12%. Forecasted data from 2024 to 2028 continue this downward trend, with a 5-year CAGR of -0.94%.
Future trends to watch include:
- Increased consumer demand for natural and organic products.
- Rising influence of e-commerce on purchasing behavior.
- Potential growth in skincare routine personalization.
- Impact of innovative product formulations on market dynamics.
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