The Vietnam menstrual cups market size was estimated at $1.521 million in 2018, and is expected to reach $2.264 million by 2026, growing at a CAGR of 5.2% from 2019–2026. The report offers an in-depth analysis of the drivers & opportunities, top investment pockets, top winning strategies, market size & estimations, competitive scenario, and wavering market trends.
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The Vietnam healthcare industry is on a high growth trajectory currently and Vietnam has good scope for developing menstrual cups manufacturing sites across the country, due to growth in health awareness and feminine hygiene products among the population. However, the menstrual cup manufacturers need to invest extensively to increase production capacity, as their demand is experiencing rapid growth.
The reusable menstrual cups segment to lead the trail by 2026 –
Based on product type, the reusable menstrual cups segment accounted for more than two-thirds of the total market share in 2018. The same segment would also showcase the fastest CAGR of 5.5% during the estimated period.
The medical-grade silicon segment to rule the roost –
Based on material, the medical grade silicones segment contributed to more than four-fifths of the total market revenue in 2018. The thermoplastic elastomer segment is projected to grow at the fastest CAGR of 5.8% till 2026.
The online stores segment to retain its dominance during the study period –
Based on distribution channel, the online stores segment held the major share in 2018, garnering more than three-fourths of the total market. The pharmacy/retail stores segment, on the other hand, would cite the fastest CAGR of 6.1% throughout the estimated period.
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Rising awareness among the population about the availability of different cups & sizes, and benefits of menstrual cups over pads & tampons propel the growth of the Vietnam menstrual cups market. The reusable menstrual cups segment contributed to more than two-thirds of the total market share in 2018. On the other hand, based on distribution channel, the retail stores segment would garner the fastest CAGR of 6.1% by 2026.
A menstrual cup is a feminine hygiene device that is used to collect menstrual fluid and prevent it from leaking on the clothes. A menstrual cup is an environment-friendly alternative to sanitary pads and tampons. The utilization of menstrual cups is projected to witness a significant rise, owing to rise in awareness about feminine hygiene products, and increase in demand for eco-friendly products. The market is largely fragmented, and several manufacturers have focused on offering reusable and disposable menstrual cups.
Key Findings of the Vietnam Menstrual Cups Market :
Based on material, the medical grade silicones segment accounted for the largest market share in 2018 and is expected to maintain its dominance in the near future.
By distribution channel, the pharmacies/retail stores segment is estimated to grow at the highest CAGR during the forecast period.
Based on product type, the reusable menstrual cups segment is expected to exhibit highest CAGR of 5.5% from 2019 to 2026.
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