Vietnam Oral Care Market to Grow with Advancing Technology until 2027
Vietnam Oral Care Market is
anticipated to grow with increasing oral care hygiene in the forecast period,
2023-2027F.
According to TechSci Research report on, “Vietnam
Oral
Care Market - By Region, Competition
Forecast & Opportunities, 2027”,
Vietnam oral care market is anticipated to grow with an impressive CAGR in the
forecast period, 2023-2027 on the account of increasing demands for the dental
hygiene maintenance products like toothpaste, toothbrush, mouthwashes, dental
accessories, etc. Increasing awareness among the population regarding benefits
of maintaining oral health and utilization of the products is further driving
the growth of the Vietnam oral care market in the upcoming five years.
Growing economy of the country is also responsible
for the market growth since rising income of the population allows them to
invest actively in their regular health checkups and dental care visitation to
the dentists. Moreover, higher production of oral care products, and increasing
therapeutic services & treatments further support the growth of the Vietnam
oral care market in the next five years.
Government supported awareness programs and schemes
are promoting the health benefits of oral care products, and hygiene
maintenance along with consequences of avoiding dental care, would also aid
Vietnam oral care market growth in the future five years. Increasing investment
in the healthcare industry from the government as well as private investments
would further support market growth.
Increasing investment would support the awareness
raising events, NGOs that work for children dental health, etc. and further
substantiate the growth of the Vietnam oral care market in the forecast years
through 2027. Increasing penetration from the global giants in the market,
increased new market players entering the market, and higher influences from
the western dental culture among the population may also influence the growth
of the Vietnam oral care market in the forecast period.
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The
Vietnam oral care market is segmented by type, distribution channel, end user,
competitional landscape, and regional distribution. Based on type, the market
is widely distributed among toothpaste, toothbrush, mouthwashes/rinses, dental
accessories, denture products, and others. Various sub types of these products
include, paste, gels, powders, polishes, types of toothpaste; manual, electric,
and battery powered toothbrushes, non-medicated and medicated type of
mouthwashes/rinses.
Also,
dental accessories include dental flosses, breath fresheners, dental water
jets, tongue scrapers, and others. While denture products may include cleaner
and fixatives. Toothpastes are anticipated to hold the largest revenue shares
of the market and dominate the market segment in the upcoming five years on
grounds of increasing production of toothpaste in the country. Over 38 thousand
metric tons of production was recorded in 2020, further production is also
anticipated due to increasing demands from the consumers.
Advancements
like gel-based toothpaste and added mouth fresheners to enhance functions of
the toothpaste may further influence consumers preferences. Toothbrushes are
also anticipated to hold significant growth in the future five years with
increasing demands for technologically advanced products. Electric and battery
powered toothbrushes are gaining popularity and they are much preferred among
the younger generation, and children population.
The
ease of usage, as well as training toddlers to attain good dental practices,
the electric and battery powered toothbrushes are utilized. Advancements like
all corners reaching bristles and attached tongue cleaners further influence
consumer preferences and aid the growth of the Vietnam oral care market in the
next five years.
Other
than type, the market is also bifurcated on the basis of distribution channel
into consumer stores, retail pharmacies, online distribution, and dental
dispensaries. Consumer stores are anticipated to lead the market segment and
hold the largest revenue shares of the market in the upcoming five years on the
grounds of ease of accessibility for the consumers to purchase oral care
products. Monthly demands for the toothpaste, toothbrush, and other oral care
products are satisfied through regular purchases, and availability of these
products in common consumer stores influences the sales of the products thus
driving the growth of the Vietnam oral care market.
A partial list of major market players of the Vietnam
oral care market includes:
·
Colgate Palmolive (Vietnam) Limited
·
Unilever Vietnam International Co., Ltd.
·
Oral-B (Vietnam), Ltd.
·
Johnson & Johnson Vietnam Co., Ltd.
·
Amway Vietnam, Ltd.
·
Procter & Gamble Vietnam Company Limited
·
GlaxoSmithKline Vietnam Company Limited
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“Homecare end uses may
hold the largest revenue generating share of the market in upcoming five years
growing on the backbone of increasing awareness among the population to use
dental products and services regularly. Although increasing regular checkup and
surging demand for the dental health services like therapeutic treatments,
dental implant treatment, and denture repairs would substantiate the growth of
the market. Technological advancement and increasing research for innovative
product development would also aid market growth,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Vietnam Oral Care
Market By Type (Toothpaste {Paste, Gels, Powders, Polishes}, Toothbrush
{Manual, Electric, Battery Powered}, Mouthwashes/Rinses {Non-Medicated v/s
Medicated}, Dental Accessories {Dental Flosses, Breath Fresheners, Dental Water
Jets, Tongue Scrapers, Others}, Denture Products {Cleaner v/s Fixatives},
Others), By Distribution Channel (Consumer Stores, Retail Pharmacies, Online
Distribution, Dental Dispensaries), By End User (Dental Hospitals & Clinics
v/s Homecare), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future
growth potential of Vietnam oral care 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 oral care market.
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