Market Research

Philippines Beauty & Personal Care Market Report 2019-2026

Jul 14, 2020 1:52 PM ET

iCrowd Newswire – Jul 14, 2020

The Philippines Beauty & Personal Care Market is estimated to grow at a CAGR of 4.8% during the forecast period 2019-2026.

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Beauty & personal care include a wide range of products such as perfumes, toiletries, hair care products, sun care, skin care and others. These products are easily available through numerous distribution channels such as speciality stores, supermarkets, online stores and others in Philippines.

The Philippines Beauty & Personal Care Market is driven by various growth factors such as increase in number of population base in the Philippines that accounted for ~51% of population falls under the category of 24 year and below. Also, social media and celebrity influence among the Filipinos majorly contribute in increasing demand of beauty and personal care products. Whereas, increasing penetration of counterfeit beauty & personal care products in the region will hinder the market growth considering the forecast period. On the contrary, increase in consumer inclination towards personal care products in the region and rapid development of the online platforms with wide range of product availability offer lucrative opportunities for the market players operating in the Philippines beauty & personal care industry during the forecast period.

Competitive Insights of the Philippines Beauty & Personal Care Market

LVMH, Johnson & Johnson services, Inc., Kao Corporation, Olay, Beiersdorf AG, Unilever, Estée Lauder Companies Inc., Coty Inc., Shiseido Company Limited and L’Oréal are some major market players included in the research study of the Philippines beauty & personal care industry. The market players are adopting various competitive strategies to withhold the majority of the market share in the regional marketplace.

Segmentation Overview of the Philippines Beauty & Personal Care Market

The Philippines beauty & personal care industry is categorized on the basis of various market segments that include product type, nature, gender, end use and distribution channel.

The skin care segment of the product category dominated the global marketplace in the year 2018 with more than 1/3rd of the market share during the forecast period. Whereas, the colour cosmetics segment is anticipated to grow at a CAGR of 6.3% during the forecast period 2019-2026.

The female segment of the gender category dominated the global marketplace in the year 2018 with more than 2/3rd of the market share during the forecast period. Whereas, the male segment is anticipated to grow at a CAGR of 5.3% during the forecast period 2019-2026.

The synthetic segment of the nature category dominated the global marketplace in the year 2018 with more than 1/2nd of the market share during the forecast period. Whereas, the organic segment is anticipated to grow at a CAGR of 6.1% during the forecast period 2019-2026.

These major market segments are further categorized into various market segments to study the market in detail.

The Product Type Segment of the Philippines Beauty & Personal Care Market is Sub-Segmented into:

  • Toiletries
  • Fragrances
  • Colour Cosmetics
  • Hair Care
  • Skin Care
  • Others

The Nature Segment of the Philippines Beauty & Personal Care Market is Sub-Segmented into:

  • Organic
  • Synthetic
  • Natural

The Gender Segment of the Philippines Beauty & Personal Care Market is Sub-Segmented into:

  • Male
  • Female

The End Use Segment of the Philippines Beauty & Personal Care Market is Sub-Segmented into:

  • Commercial
  • Household

The Distribution Channel Segment of the Philippines Beauty & Personal Care Market is Sub-Segmented into:

  • Online Stores
  • Convenience Stores
  • B2B
  • Specialty Stores
  • Hypermarket/Supermarket

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iCrowdNewswire

Keywords:    Philippines Beauty & Personal Care

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