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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