| Product Code: ETC388290 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The whole furskins market in Vietnam primarily focuses on animal furs, which are used for fashion and luxury goods. This market has experienced fluctuations due to changing fashion trends and increased attention to ethical and sustainable sourcing. Vietnamese businesses have sought to meet these demands by adhering to ethical and environmentally responsible practices in fur production.
The Vietnam whole furskins market has witnessed steady growth due to a combination of factors. One of the primary drivers is the increasing demand for luxury fashion products in the domestic market and the rise of the middle class with higher disposable incomes. As consumers seek high-end and fashionable clothing items, there has been a growing preference for fur-trimmed and fur-lined products. Furthermore, Vietnam strategic location in Southeast Asia allows it to tap into the global fur industry, with raw materials often sourced from neighboring countries. This geographical advantage, coupled with an expanding network of fur processing facilities, has boosted the whole furskins market in Vietnam.
The Vietnam whole furskins market confronts challenges related to animal welfare concerns and market demand. Concerns about ethical fur production and animal welfare can impact the market`s reputation. Moreover, consumer preferences are shifting away from fur products, posing a challenge to market demand. Implementing ethical fur farming practices and diversifying fur product offerings are crucial for addressing these challenges.
The Vietnam whole furskins market witnessed a decline in demand and export opportunities during the COVID-19 pandemic. As the global fashion industry was adversely affected, the demand for fur-related products decreased significantly. This impacted local fur producers and exporters. To mitigate losses, some businesses shifted their focus to domestic markets and explored alternatives to traditional fur products. The market`s recovery depends largely on the rebound of the international fashion and luxury industries.
The Vietnam whole furskins market is relatively small, with limited domestic production. However, some companies like Thien Nam Sunrise Fur Dressing Company have ventured into fur processing. Thien Nam Sunrise Fur Dressing Company focuses on ethical fur sourcing and processing, ensuring the humane treatment of animals and adhering to international fur industry standards.