Philippines Beauty & Personal Care Market by Product Type (Skin Care, Hair Care, Color Cosmetics, Fragrances, Toiletries, and Others); By Nature (Natural, Organic, and Synthetic); By End User (Commercial and Household); By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Store, B2B, and Online Stores); By Gender (Male and Female) and Region – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
Beauty & personal care goods are grooming consumer goods used to improve the look and get the wanted appearance. Beauty & Personal care products offers a broad variety of goods including care for the skin, sun, hair care products, toiletries and perfumes. Additionally, these products can be found online, supermarkets, specialty stores and through other Philippines distribution channels. Online stores are constantly expanding, and the beauty and personal care market in the Philippines is growing with them.
Philippines Beauty & Personal care market was estimated to be USD 3.5 billion in 2018, and is anticipated to rise USD 6 billion by 2030, with a CAGR of 6 percent from 2019 to 2030.
Philippines Beauty & Personal Care Market: Segments
The skin care section led the world marketplace in the year 2018 with more than one-third of the market share and is anticipated to follow the same trend during the forecast period in 2019-2030. The color cosmetics segment is also expected to rise with a CAGR of 7 percent during the forecast period 2019-2030.
During the forecast period, females are expected to lead the growth in the market with over 2/3 of the market share in gender segment. During the 2019-2030 forecast period, the male section is expected to grow at CAGR 7 percent.
Philippines Beauty & Personal Care Market: Market Dynamics
The market in beauty and personal care is prosperous and one of the fastest-growing consumer markets primarily driven by the sections of cosmetics and skincare. The principal cause for this solid growth is the transition of the generation with young consumers. At the same time, social media, globalization, and e-commerce strengthen this transformation that has a lasting impact on beauty products shopping decision. The everyday beauty and care schedule are shifting and propagating trends from around the world. An increase in media influences and the effect of the Philippines’ compelling celebs contribute to market growth.
The availability of counterfeit beauty & personal care products in the Philippines and the skin problems caused by them are making the young population fearful and uneasy to use the chemical based products turning their focus on organic and natural products. The international and other nation’s brands with more prestige, lower cost and higher quality are gaining feet in the Philippines market making the local producers lose, it is a problem for the Philippines producers and is anticipated to impede the growth of the market in the Philippines in terms of value sales during the forecast period.
Philippines Beauty & Personal Care Market: Key Players
• Johnson & Johnson services, Inc.
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Shiseido Company Limited
• Coty Inc.
• Est?e Lauder Companies Inc.
• Beiersdorf AG
• Kao Corporation
• Other Prominent Players
The Philippines Beauty & Personal Care Market report also contains analysis on:
• Philippines Beauty & Personal Care Market Segments:
• By Product Type
• By Nature Segment
• By Gender Segment
• By Distribution Channel
• Philippines Beauty & Personal Care Market Dynamics
• Philippines Beauty & Personal Care Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints