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.
Increasing awareness among the population about the availability of different cups & sizes, and benefits of menstrual cups over pads & tampons fuel the growth of the Vietnam menstrual cups market. On the other hand, availability of substitutes, cost of menstrual cups, cultural resistance and limited level of acceptance of the sanitary protections hamper the growth to some extent. However, growth in awareness about safety sanitary protections in Vietnam has created multiple opportunities in the near future.
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COVID-19 scenario analysis:
The ongoing covid-19 pandemic is fuelling the Vietnam Menstrual Cups Market industry. This is attributed due to the immense increase of covid-19 testing activities on the global diagnostics system. The demand of vaccine development for covid-19 has resulted in research towards covid-19 vaccine which has also boosted the market growth. For instance, in March 2020, Indian scientists has reveal microscopic image of novel coronavirus.
The high demand covid-19 testing and diagnostics has increased extensive investments towards addition to applications in vaccine research in the pharmaceutical sector which has also contribute towards the growth of the Vietnam Menstrual Cups Market.
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.
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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.
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.
List of Key Players Profiled in the Report:
Anigan, Diva International Inc., Fleurcup, Jaguara, s.r.o., Lingroup Co., Ltd. (Lintimate), Lune Group Oy Ltd., Lena Cup, Mooncup Ltd., Me Luna GmbH, OVA Vietnam Company Limited, Sterne (Si-Line), and YUUKI Company s.r.o. and others.
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