Philippines Dietary Supplements Market (2020-2026) | Trends, Industry, Segmentation, Share, Analysis, Growth, Size, Revenue, Value, Outlook & COVID-19 IMPACT

Philippines Dietary Supplements Market | Country-Wise Share and Competition Analysis

In the year 2021, Indonesia was the largest exporter in terms of value, followed by China. It has registered a decline of -24.33% over the previous year. While China registered a growth of 14.53% as compare to the previous year. In the year 2017 Indonesia was the largest exporter followed by China. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Philippines has the Herfindahl index of 2305 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of 2777 which signifies high concentration in the market.

Philippines Dietary Supplements Market - Export Market Opportunities

Topics Covered in the Philippines Dietary Supplements Market

Philippines Dietary Supplements Market report thoroughly covers the market by ingredient, by form, by application, by end user, and by distribution channel. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest (2023) Development of the Philippines Dietary Supplements Market

Philippines Dietary Supplements Market is forecast to grow in the coming years with a CAGR of XX% mainly due to the rising awareness of preventive healthcare and the increasing demand for natural products. In addition, due to the COVID-19 pandemic there has been an augmented need for immune-boosting health supplements, thus stimulating product safety in the industry. Another major trend observed in this market is personalized nutrition - where supplements can be modified according to individual requirements. This presents immense opportunities for market players who can supply solutions customized exactly to meet customer needs.

Philippines Dietary Supplements Market Synopsis

Philippines Dietary Supplements Market is flourishing industry and expected to expand in the future years. It incorporates various supplements such as vitamins, minerals, herbal supplements, and other products that are meant to supplement diet of an individual. Growing consumer awareness about health & wellness is a major factor driving the Philippines Dietary Supplements Market Growth, driven by the increased disposable income levels which enable individuals to invest in preventive healthcare. Manufacturers are also capitalizing on the trend for organic products by introducing new innovative products. Overall, the Market looks set to continue its upward trajectory due factors such as increasing health-consciousness coupled with rising disposable incomes.

According to 6Wresearch, the Philippines Dietary Supplements Market size is set to witness growth during 2020-26. The market is being driven by increasing health consciousness, rising disposable incomes, and growing awareness of dietary supplement benefits. Additionally, advancements in technology and product formulation will further bolster the growth in Philippines Dietary Supplements Industry which is a part of Asia Pacific Dietary Supplements Market. However, safeguarding quality control, meeting regulatory standards and raising consumer awareness are expected to hinder growth in this market.

COVID-19 Impact on the Philippines Dietary Supplements Market

The COVID-19 pandemic has impacted various industries in the Philippines. The Philippines Dietary Supplements Market was greatly influenced by the epidemic as many people became more health-conscious due to which there has been an augmented demand for dietary supplements. However, production and distribution delays have caused product shortages. Furthermore, with people staying home to avoid physical stores, companies are looking towards e-commerce or online platforms.

Key players in the Philippines Dietary Supplements Market

The Philippines Dietary Supplements Industry has seen significant growth owing to the growing interest in health and wellness among consumers. Some of the prominent players in the market includes;

• Amway Corporation
• Herbalife Ltd.
• Abbott Laboratories Inc.
• Pfizer Inc.
• Bayer AG
• Glanbia Plc.

Market Analysis by End User

According to Dhaval, Research Manager, 6Wresearch, the adult segment dominates the Philippines Dietary Supplements Market Share owing to the increasing demand for dietary supplements among adult consumer group.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Philippines Dietary Supplements Market Outlook
• Market Size of Philippines Dietary Supplements Market, 2019
• Forecast of Philippines Dietary Supplements Market, 2026
• Historical Data and Forecast of Philippines Dietary Supplements Revenues & Volume for the Period 2016 - 2026
• Philippines Dietary Supplements Market Trend Evolution
• Philippines Dietary Supplements Market Drivers and Challenges
• Philippines Dietary Supplements Price Trends
• Philippines Dietary Supplements Porter's Five Forces
• Philippines Dietary Supplements Industry Life Cycle
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Ingredient? for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Vitamins for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Botanicals for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Minerals for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Proteins & Amino Acids for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Fibers & Specialty Carbohydrates for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Omega Fatty Acids for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Others for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Form? for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Tablets for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Capsules for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Soft gels for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Powders for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Gummies for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Liquids for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Others for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Application? for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Energy & Weight Management for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By General Health for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Bone & Joint Health for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Gastrointestinal Health for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Immunity for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Cardiac Health for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Diabetes for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Others for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By End user for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Adults for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Geriatric for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Pregnant Women for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Children for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Infants for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Distribution Channel for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By OTC for the Period 2016 - 2026
• Historical Data and Forecast of Philippines Dietary Supplements Market Revenues & Volume By Prescribed for the Period 2016 - 2026
• Philippines Dietary Supplements Import Export Trade Statistics
• Market Opportunity Assessment By Ingredient?
• Market Opportunity Assessment By Form?
• Market Opportunity Assessment By Application?
• Market Opportunity Assessment By End user
• Market Opportunity Assessment By Distribution Channel
• Philippines Dietary Supplements Top Companies Market Share
• Philippines Dietary Supplements Competitive Benchmarking By Technical and Operational Parameters
• Philippines Dietary Supplements Company Profiles
• Philippines Dietary Supplements Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Ingredient

• Vitamins
• Botanicals
• Minerals
• Proteins & Amino Acids
• Fibers & Specialty Carbohydrates
• Omega Fatty Acids
• Others

By Form

• Tablets
• Capsules
• Soft Gels
• Powders
• Gummies
• Liquids
• Others

By Application

• Energy & Weight Management
• General Health
• Bone & Joint Health
• Gastrointestinal Health
• Immunity
• Cardiac Health
• Diabetes
• Others

By End User

• Adults
• Geriatric
• Pregnant Women
• Children
• Infants

By Distribution Channel

• OTC
• Prescribed

Philippines Dietary Supplements Market: FAQs