The Vietnamese market for polishes and creams for footwear or leather saw fluctuations over the past decade. As of 2023, the market value per capita was $0.053. From 2022 to 2023, the value remained stable with no year-on-year growth. Analyzing the 5-year Compound Annual Growth Rate (CAGR) from 2018 to 2023, the market observed a growth of 1.19% per annum.

Future trends to watch for include:

The impact of increasing consumer preference for sustainable and eco-friendly leather care products.
Potential growth driven by rising disposable incomes and an expanding middle class in Vietnam.
Technology advancements in product formulations and distribution channels.