U.S (New York) – Report Ocean has recently published a comprehensive research report titled “Vietnam Menstrual Cups Market” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
The Vietnam menstrual cups market size was $1.521 million in 2018 and is projected to reach $2.264 million by 2026, registering a CAGR of 5.2% from 2019 to 2026. A menstrual cup is a feminine hygiene product that is used during menstruation. It is inserted into the vagina and one can keep it inside for a maximum duration of 12 hours. Its purpose is to prevent menstrual blood from leaking onto the clothes. It is made up of either latex, silicone, or thermoplastic elastomer. Silicon and thermoplastic elastomer are hypoallergic, which means that the wearer can be safe from unwanted irritation and allergies. The menstrual cups are available in smaller and larger size, where smaller size is recommended for women under 30 (who have not given birth vaginally) and the larger size is recommended for women who are over 30 (have given birth vaginally or experience a heavy flow).
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The major factors that drive the growth of the Vietnam menstrual cups market include increase in awareness among the population about the available options during menstruation. Huge number of awareness campaigns conducted by women communities, educational institutes, and non-profit organizations also help in the growth of the market. In addition, rise in women populace coupled with high costs of sanitary pads and tampons further fuels the market growth. However, additional substitutes coupled with high cost of menstrual cups as well as cultural resistance & limited level of acceptance of these sanitary protections are expected to hamper the market growth. On the contrary, rise in awareness about eco-friendly and safety sanitary protections is anticipated to create lucrative opportunities for the menstrual cup manufacturers in Vietnam in the near future.
The Vietnam menstrual cups market is segmented based on product type, material, and distribution channel. Based on product type, the market is bifurcated into disposable menstrual cups and reusable menstrual cups. Based on material, the market is divided into medical grade silicones, natural latex rubber, and thermoplastic elastomer. Based on distribution channel, the market is categorized into online stores and pharmacies/retail stores.
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KEY BENEFITS FOR STAKEHOLDERS
? This report provides a detailed quantitative analysis of the current market trends and future estimations from 2019 to 2026, which assists to identify the prevailing market opportunities.
? A comprehensive analysis of the factors that drive and restrain the growth of the Vietnam menstrual cups market is provided.
? An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
KEY MARKET PLAYERS
> 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)
> YUUKI Company s.r.o.
KEY MARKET SEGMENTS
> By Product Type
o Reusable Menstrual Cups
o Disposable Menstrual Cups
> By Material
o Medical grade silicones
o Natural Latex Rubber
o Thermoplastic elastomer
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> By Distribution Channel
o Online Stores
o Pharmacies/Retail Stores
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