Product Code: ETC8836050 | Publication Date: Sep 2024 | Updated Date: May 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The beauty and personal care market in the Philippines is a dynamic and competitive sector, encompassing skincare, cosmetics, haircare, and grooming products. Growth is fueled by rising disposable incomes, increasing beauty consciousness, the influence of social media, and the entry of global and local brands offering diverse product ranges.
The beauty and personal care market in the Philippines is seeing consistent growth, driven by the increasing awareness of skincare, wellness, and self-care. Rising disposable incomes, the influence of digital media, and the popularity of natural and organic products are shaping the market. Consumers are becoming more sophisticated in their choice of beauty products, prioritizing sustainability and ethical sourcing.
The beauty and personal care market in the Philippines faces challenges related to intense competition, shifting consumer preferences, and economic fluctuations. Consumers are increasingly drawn to affordable, natural, and sustainable products, pressuring companies to adapt quickly. Counterfeit and low-quality products also flood the market, eroding consumer trust. Moreover, fluctuating disposable incomes and inflation can affect consumer spending on non-essential beauty products, making market demand unpredictable.
The beauty and personal care market in the Philippines is growing rapidly, driven by increasing consumer awareness of health, wellness, and aesthetics. The rise in disposable income, particularly among the millennial and Gen Z demographics, is fostering demand for beauty products such as skincare, haircare, cosmetics, and personal hygiene items. Investment opportunities in this market include the development of organic, cruelty-free, and locally sourced beauty products to cater to the rising demand for natural and sustainable alternatives. Additionally, with the increase in online shopping, e-commerce platforms present a key channel for reaching a wider audience. There is also potential for growth in premium beauty products, as consumers seek more specialized and high-quality options.
The beauty and personal care market in the Philippines is characterized by high demand for both traditional and innovative products. The Philippine government, through the Philippine FDA, regulates this market to ensure that products are safe for consumer use. Policies focus on the development of local manufacturers, with the Department of Trade and Industry (DTI) offering financial and technical support for businesses looking to expand. Additionally, the government encourages sustainability in the industry through incentives for eco-friendly product lines and sustainable packaging initiatives.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Beauty and Personal Care Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Beauty and Personal Care Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Beauty and Personal Care Market - Industry Life Cycle |
3.4 Philippines Beauty and Personal Care Market - Porter's Five Forces |
3.5 Philippines Beauty and Personal Care Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Beauty and Personal Care Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Philippines Beauty and Personal Care Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Philippines Beauty and Personal Care Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Beauty and Personal Care Market Trends |
6 Philippines Beauty and Personal Care Market, By Types |
6.1 Philippines Beauty and Personal Care Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Beauty and Personal Care Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Beauty and Personal Care Market Revenues & Volume, By Vegan, 2021- 2031F |
6.1.4 Philippines Beauty and Personal Care Market Revenues & Volume, By Organic, 2021- 2031F |
6.1.5 Philippines Beauty and Personal Care Market Revenues & Volume, By Inorganic, 2021- 2031F |
6.2 Philippines Beauty and Personal Care Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Philippines Beauty and Personal Care Market Revenues & Volume, By Skincare/Sun Care, 2021- 2031F |
6.2.3 Philippines Beauty and Personal Care Market Revenues & Volume, By Hair Care, 2021- 2031F |
6.2.4 Philippines Beauty and Personal Care Market Revenues & Volume, By Makeup and Color Cosmetic Product, 2021- 2031F |
6.2.5 Philippines Beauty and Personal Care Market Revenues & Volume, By Deodorants/Fragrances, 2021- 2031F |
6.2.6 Philippines Beauty and Personal Care Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Philippines Beauty and Personal Care Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Philippines Beauty and Personal Care Market Revenues & Volume, By Supermarkets and Hypermarkets, 2021- 2031F |
6.3.3 Philippines Beauty and Personal Care Market Revenues & Volume, By Convenience Stores, 2021- 2031F |
6.3.4 Philippines Beauty and Personal Care Market Revenues & Volume, By Pharmacies and Drug Stores, 2021- 2031F |
6.3.5 Philippines Beauty and Personal Care Market Revenues & Volume, By Online Stores, 2021- 2031F |
6.3.6 Philippines Beauty and Personal Care Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Beauty and Personal Care Market Import-Export Trade Statistics |
7.1 Philippines Beauty and Personal Care Market Export to Major Countries |
7.2 Philippines Beauty and Personal Care Market Imports from Major Countries |
8 Philippines Beauty and Personal Care Market Key Performance Indicators |
9 Philippines Beauty and Personal Care Market - Opportunity Assessment |
9.1 Philippines Beauty and Personal Care Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Beauty and Personal Care Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Philippines Beauty and Personal Care Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Philippines Beauty and Personal Care Market - Competitive Landscape |
10.1 Philippines Beauty and Personal Care Market Revenue Share, By Companies, 2024 |
10.2 Philippines Beauty and Personal Care Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |