Press release
Philippines Cosmetics Market Size to Reach USD 2.69 Billion by 2033 at a CAGR of 4.40% | IMARC Group
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 4.40% (2025-2033)
The Philippines cosmetics market is experiencing steady growth, driven by rising beauty consciousness, evolving consumer preferences, and increasing demand for innovative and natural products. According to the latest report by IMARC Group, The Philippines cosmetics market size reached USD 1.83 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.69 Billion by 2033, exhibiting a growth rate (CAGR) of 4.40% during 2025-2033.
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Philippines Cosmetics Industry Trends and Drivers:
The cosmetics industry in the Philippines is undergoing a period of growth, with a young and beauty-engaged population and rising disposable incomes. Social media and influencer marketing have a notable impact on consumer preferences, with Filipino consumers embracing new trends (and markets) like K-beauty, clean beauty, and sustainability. Local and international brands are laying claim to this market by providing affordable and excellent quality products that cater to different demographics and diverse skin tones in a tropical society. There is a growing demand for natural and organic cosmetics as consumers are increasingly tracking their budgets and opting for natural and eco-friendly or cruelty-free products. E-commerce and social commerce are also allowing consumers easier access to products, as brands can reach consumers in urban and rural settings alike. This is reflected in the marketing campaigns that emphasize conscious engagement to promote inclusivity and self-expression, as evident in the youth culture where individuality is embraced.
The market is being further powered by the growing popularity of skincare and personal care routines guided by global beauty trends. National and local retailers are expanding their product lines to include multi-purpose cosmetics such as tinted sunscreens and make-up with hydrating properties. This expansion aligns well with changing times and busy lifestyles and on-the-go-personal care. The growth of male grooming products reveals even more changing cultural norms, as men invest more money into skincare and cosmetics. Beauty salons and spas are also onboarding premium cosmetics and cosmetics products to enhance the consumer experience. Moving into e-commerce and e-commerce shopping platforms to simplify the buying process and uniquely tailored recommendations will see the Philippines' cosmetics market continue to expand and grow. The trend of innovation by local and national distributors to create cosmetics products with global and local trends will support the future growth of the beauty and cosmetics market in the Philippines.
Buy Full Report: https://www.imarcgroup.com/checkout?id=28752&method=1109
Philippines Cosmetics Industry Segmentation:
The report has segmented the market into the following categories:
Product Type Insights:
● Skin and Sun Care Products
● Hair Care Products
● Deodorants and Fragrances
● Makeup and Color Cosmetics
● Others
Category Insights:
● Conventional
● Organic
Gender Insights:
● Men
● Women
● Unisex
Distribution Channel Insights:
● Supermarkets and Hypermarkets
● Specialty Stores
● Pharmacies
● Online Stores
● Others
Regional Insights:
● Luzon
● Visayas
● Mindanao
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
● Market Performance (2019-2024)
● Market Outlook (2025-2033)
● COVID-19 Impact on the Market
● Porter's Five Forces Analysis
● Strategic Recommendations
● Historical, Current and Future Market Trends
● Market Drivers and Success Factors
● SWOT Analysis
● Structure of the Market
● Value Chain Analysis
● Comprehensive Mapping of the Competitive Landscape
Ask Analyst for Sample Report: https://www.imarcgroup.com/request?type=report&id=28752&flag=C
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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