Vietnam Professional Haircare Market to reach $169 Million by 2030; increasing awareness about scalp health, growing need for herbal products and increase in exports drive the growth of the market.

The Vietnam Professional Haircare Market size is estimated to reach $169 Million by 2030, growing at a CAGR of 2.6% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “ Vietnam Professional Haircare Market– By Gender (Male and Female), By Products (Coloring, Straightening & Perming, Shampoo & Conditioners, Styling and Others), By Type (Organic and Synthetic), By Distribution Channels (Hypermarkets/Retail Chain, E-commerce, Salons, Pharmacy, Specialty Stores, and Others) - Opportunity Analysis & Industry Forecast, 2024-2030.”

Vietnam Professional Hair Care market has garnered attention as Vietnamese consumers have shown increased interest in herbal products to manage their hair woes. There is also increasing awareness regarding scalp health driving the need for professional haircare products. Additionally, increase in exports drive the sales of professional hair care products.

Based on Product, the shampoo & conditioning segment held the largest market share of 38% in Vietnam in 2023. Hair holds profound cultural significance in Vietnam, where it is viewed as a symbol of beauty, vitality and identity. Vietnamese consumers place high importance on hair health driving demand for high-quality shampoos and conditioners. Shampoos and conditioners are considered the basic haircare to address issues such as dandruff, oily hair, hair loss etc. As a result, customers prefer going to salons thereby driving the demand for professional shampoos and conditioners.

Owing to the growing awareness about the harmful effects of chemicals in hair products, there is a growing demand for organic products. According to several studies, organic hair products were found to have a lower risk of adverse effects such as scalp irritation, dryness and hair damage compared to traditional shampoos that contain sulfates and parabens. Additionally, Vietnamese prefer hair care products with ingredients such as green tea, coconut, ginseng, etc. Organic products with these natural ingredients are very popular in the market. 

Vietnam’s professional hair care sector is seeing significant growth due to an increase in exports which is becoming a key driver for the industry. As Vietnamese brands gain recognition for producing high-quality hair care products using natural and organic ingredients the demand is rising in international markets, especially in EU and US. For instance, in February 2023, A collection of 47 made-in-Vietnam natural cosmetics by Sao Thai Duong company with the brand Nature Queen were rolled out in London, UK. The This export growth boosts the industry’s overall performance encouraging local manufacturers to innovate and improve their product offerings. As a result, the sector is experiencing steady expansion contributing to Vietnam's growing reputation as a key player in the global hair care market.

Key companies profiled in the Vietnam Profession Haircare Market are L'Oreal Group, Procter & Gamble, Kao Corporation, Sao Thai Duong, Revlon Inc., Unilever Ltd., Amos Professional, TMY Products LLC, Henkel KGaA, Saigon Cosmetics and Others

Singapore Professional Haircare Market- Singapore Professional Hair Care Market size is estimated to reach $98 million by 2030, growing at a CAGR of 2.9% during the forecast period 2024-2030 owing to increased consumer spending on hair care products, rising demand for chemical-free hair care products and the growing demand for luxury products.

South Africa Professional Haircare Market - South Africa Professional Hair Care Products Market size is estimated to reach $1.2 billion by 2027, growing at a CAGR of 3.4% during the forecast period 2022-2027. 

Hong Kong Professional Haircare Market - Hongkong Professional Hair Care Market size is estimated to reach $96 million by 2030, growing at a CAGR of 2.8% during the forecast period 2024-2030. Increasing awareness of scalp health is leading to a rise in products and services addressing scalp concerns in the country.