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Philippines Beauty Care Products Market Growth 2023- Global Industry Size, Future Trends, Business Opportunities, Demand Forecast Report 2032: SPER Market Research
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Philippines Beauty Care Products Market Overview (2022-2032)
Forecast CAGR (2022-2032): 5.01%
Forecast Market Size (2032): 6.54 billion
The Philippines' beauty care products market has expanded steadily. Skincare products dominate the market, accounting for the majority of sales, followed by hair care and colour cosmetics. Natural and organic beauty products are gaining popularity in the Philippines.
Impact of COVID-19 on the Philippines Beauty Care Products Market
The COVID-19 pandemic has had a significant impact on the beauty care products market in the Philippines. As a result of the implementation of lockdowns and social distancing measures, many consumers reduced their spending on non-essential items, including beauty products. This resulted in a drop in industry sales and revenue, particularly in the early stages of the pandemic. The shift towards online shopping and e-commerce platforms has also had an impact on the beauty care products market in the Philippines. As consumers increasingly turned to online shopping during the pandemic, brands and retailers had to adapt and expand their digital presence to meet the rising demand. However, as the pandemic progressed, consumers' focus on health and wellness grew, resulting in an increase in demand for skin health and hygiene products. Sales of hand sanitizers, hand soaps, and other hygiene-related products increased as a result.
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Philippines Beauty Care Products Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Product Type:
Skin Care
Hair Care
Color Cosmetics
Fragrances
Toiletries
Others
By Nature:
Natural
Synthetic
Organic
By Gender:
Male
Female
By End Use:
Commercial
Household
By Distribution Channels:
B2B
Hypermarket/Supermarket
Specialty Stores
Convenience Stores
Online Stores
By Region:
Central Region
Southern Region
Northern Region
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
Philippines Beauty Care Products Market Key Players:
The Philippines Beauty Care Products Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; L'Oreal, Shiseido Company Limited, Coty Inc., Estee Lauder Companies Inc., Unilever, Beiresdorf AG, Olay, Kao Corporation, Johnson & Johnson services Inc.
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