Product Code: ETC010429 | Publication Date: Jun 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Philippines Skin Care market currently, in 2023, has witnessed an HHI of 1170, Which has decreased slightly as compared to the HHI of 1363 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Philippines skin care market is estimated to reach US$ 5.5 billion by 2026, growing at a CAGR of 8.3% during the forecast period 2020-2026. The increasing demand for anti-aging and natural products has propelled the growth of the market in this region. Additionally, rising awareness regarding skin health among consumers is driving sales of different types of skin care products such as creams, lotions, serums, cleansers and toners are also boosting the growth prospects for this industry in Philippines.
To capitalize on these opportunities manufacturers have been introducing new formulations with advanced ingredients such as peptides which help maintain youthful appearance of the users skin thus boosting their appeal among customers who desire to look young and attractive while keeping up with changing trends in fashion industry. Moreover, growing preference towards herbal or organic products due to their health benefits coupled with easy availability through online channels will further drive demand from Philippine consumers who seek natural solutions without harming their delicate facial tissues or compromising on effectiveness.
Furthermore, aggressive marketing strategies adopted by cosmetic companies coupled with presence across multiple retail outlets including supermarkets & pharmacies are expected to create significant traction for various brands active in this space over next few years which would eventually lead to increased revenue generation within sector during study period.
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 Skin Care Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Skin Care Market Revenues & Volume, 2019 & 2026F |
3.3 Philippines Skin Care Market - Industry Life Cycle |
3.4 Philippines Skin Care Market - Porter's Five Forces |
3.5 Philippines Skin Care Market Revenues & Volume Share, By Product Types, 2019 & 2026F |
3.6 Philippines Skin Care Market Revenues & Volume Share, By Distribution Channel, 2019 & 2026F |
4 Philippines Skin Care Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Skin Care Market Trends |
6 Philippines Skin Care Market, By Types |
6.1 Philippines Skin Care Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Philippines Skin Care Market Revenues & Volume, By Product Types, 2016 - 2026F |
6.1.3 Philippines Skin Care Market Revenues & Volume, By Face Creams, 2016 - 2026F |
6.1.4 Philippines Skin Care Market Revenues & Volume, By Body Lotions, 2016 - 2026F |
6.2 Philippines Skin Care Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Philippines Skin Care Market Revenues & Volume, By Online, 2016 - 2026F |
6.2.3 Philippines Skin Care Market Revenues & Volume, By Offline, 2016 - 2026F |
7 Philippines Skin Care Market Import-Export Trade Statistics |
7.1 Philippines Skin Care Market Export to Major Countries |
7.2 Philippines Skin Care Market Imports from Major Countries |
8 Philippines Skin Care Market Key Performance Indicators |
9 Philippines Skin Care Market - Opportunity Assessment |
9.1 Philippines Skin Care Market Opportunity Assessment, By Product Types, 2019 & 2026F |
9.2 Philippines Skin Care Market Opportunity Assessment, By Distribution Channel, 2019 & 2026F |
10 Philippines Skin Care Market - Competitive Landscape |
10.1 Philippines Skin Care Market Revenue Share, By Companies, 2019 |
10.2 Philippines Skin Care Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |