Professional Documents
Culture Documents
Men's Grooming in Vietnam
Men's Grooming in Vietnam
Euromonitor International
May 2022
MEN'S GROOMING IN VIETNAM Passport i
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MEN'S GROOMING IN VIETNAM Passport 1
2021 DEVELOPMENTS
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consumers shifted from offline channels to e-commerce to circumnavigate lockdown and social
distancing measures and use convenient and safer shopping methods. Moreover, in men’s
grooming, as in other areas of beauty and personal care, digitalisation is becoming increasingly
visible beyond e-commerce, especially digital marketing. Livestream on Facebook, in particular,
and Zalo have become effective social media platforms for leading companies to advertise their
products, interact with consumers and enhance brand reputations.
Local brands start to penetrate men’s grooming with low prices and
niche appeal
International Consumer Products Co Ltd maintained its leadership of men’s grooming in 2021
through the top brand, X-Men. The player continued to leverage strong brand reputation,
dynamic marketing and a diversified product offer, including men’s bath and shower,
deodorants, hair care, skin care and fragrances. Global brands continued to dominate sales due
to wide distribution networks, strong financial capabilities and dynamic marketing activities.
Since Vietnam signed various free trade agreements (FTAs) with developed countries like South
Korea, Japan and Australia over the review period, the landscape is expected to become more
competitive due to the appearance of new international companies. However, these new
operators are likely to account for only a small share of overall sales, due to low brand
awareness and narrow distribution.
Local brands have tended to lag behind due to limited financial power and narrow distribution.
Nonetheless, in 2021, local brands started to increase their penetration of men’s grooming, due
to growing demand for such products from male consumers. Local brands are normally targeted
at the mass market by offering lower prices than international brands. For example, Iron & Stone
by Lix Detergent JSC and Ramus by Dai Viet Huong Trading Manufacturing Co Ltd.
Local players have also looked to niches, such as natural products for male consumers, to
deepen their penetration. For example, Sao Thai Duong Cosmetics’s herbal antidandruff
shampoo, which is claimed to work for up to five days without the need to rewash hair. The
company has also been very active in terms of marketing, including advertisements on TV and
radio, posters and online platforms to increase brand awareness among male consumers.
Therefore, Thai Duong has started to become a familiar brand name among male consumers of
shampoo, especially in northern Vietnam. However, local brands continued to account for small
slices of the market, with the focus mainly on suburban and rural areas.
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Higher awareness of the potential benefits of using men’s bath and shower, saving,
deodorants, skin care, hair care and fragrances is expected to be accelerated by the return to
pre-pandemic lifestyles and locations, especially the office, college/university and social and
entertainment events and venues. The resumption of work, education and social and
entertainment norms will foster grooming occasions and increase consumption.
CATEGORY DATA
Table 1 Sales of Men’s Grooming by Category: Value 2016-2021
VND billion
2016 2017 2018 2019 2020 2021
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-- Mass Men's Bath and 280.7 274.5 292.4 316.9 340.8 319.5
Shower
- Men's Deodorants 509.1 620.9 701.6 788.7 847.7 802.9
-- Premium Men's - - - - - -
Deodorants
-- Mass Men's Deodorants 509.1 620.9 701.6 788.7 847.7 802.9
- Men's Hair Care 1,917.6 1,990.4 2,060.1 2,178.5 2,321.0 2,146.6
-- Premium Men's Hair - - - - - -
Care
-- Mass Men's Hair Care 1,917.6 1,990.4 2,060.1 2,178.5 2,321.0 2,146.6
- Men's Skin Care 263.4 289.8 315.8 332.8 357.0 368.0
-- Premium Men's Skin 6.0 6.6 7.2 8.0 9.2 9.7
Care
-- Mass Men's Skin Care 257.4 283.2 308.6 324.8 347.8 358.4
Men's Fragrances 673.8 748.4 820.8 898.4 778.7 728.2
- Premium Men's 454.9 509.5 560.4 617.6 531.5 500.0
Fragrances
- Mass Men's Fragrances 218.9 238.9 260.4 280.9 247.2 228.2
Men's Grooming 4,281.2 4,607.6 4,920.6 5,290.2 5,448.6 5,102.3
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources
Table 3 Sales of Men's Razors and Blades by Type: % Value Breakdown 2018-2021
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Burberry (Coty Inc) Coty Beauty Vietnam Co Ltd 0.5 0.6 0.5 0.5
Jean Paul Gaultier Shiseido Cosmetics 0.5 0.5 0.5 0.5
(Puig SL) Vietnam Co Ltd
Guess (Inter Inter Parfums Asia 0.4 0.5 0.4 0.4
Parfums Inc) Pacific Pte Ltd
TJ Dorco Co Ltd 0.5 0.5 0.4 0.4
Hugo Boss (Coty Inc) Coty Beauty Vietnam Co Ltd 0.5 0.5 0.4 0.4
Gatsby (Mandom Corp) Mandom Vietnam Co Ltd 0.4 0.4 0.4 0.4
Dorco Dorco Co Ltd 0.4 0.4 0.4 0.4
Kenzo (LVMH Moët Kenzo Parfums SA 0.4 0.4 0.3 0.4
Hennessy Louis
Vuitton SA)
Wilkinson Edgewell Personal Care 0.4 0.4 0.3 0.3
Brands LLC
Salvatore Ferragamo Salvatore Ferragamo SpA 0.5 0.4 0.3 -
Oriflame (Oriflame Thuong Xuan Cosmetic Co 0.9 1.0 - -
Cosmetics SA) Ltd
Others Others 16.8 16.2 15.7 16.0
Total Total 100.0 100.0 100.0 100.0
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources
Table 7 LBN Brand Shares of Men's Razors and Blades: % Value 2018-2021
Gillette (Procter & Oral-B (Vietnam) Ltd 54.4 56.4 57.4 58.7
Gamble Co, The)
Croma (STADA Croma Pharma GmbH 20.2 20.2 20.0 19.6
Arzneimittel AG)
TJ Dorco Co Ltd 4.0 3.9 3.8 3.7
Dorco Twin Dorco Co Ltd 3.4 3.2 3.2 3.2
Wilkinson Edgewell Personal Care 3.4 3.3 3.0 2.9
Brands LLC
Wilkinson Energizer Holdings Inc - - - -
Bic Société Bic SA - - - -
Others Others 14.6 13.0 12.7 11.9
Total Total 100.0 100.0 100.0 100.0
Source: Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources
VND billion
2021 2022 2023 2024 2025 2026
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