Philippines Beauty & Personal Care Market by Product Type (Skin Care, Hair Care, Color Cosmetics, Fragrances, Toiletries, and Others); By Nature (Natural, Organic, and Synthetic); By End User (Commercial and Household); By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Store, B2B, and Online Stores); By Gender (Male and Female)and Region – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030

Product Overview

Beauty & personal care goods are grooming consumer goods used to improve the look and get the wanted appearance. Beauty & Personal care products offer a broad variety of goods including care for the skin, sun, hair care products, toiletries, and perfumes. Additionally, these products can be found online, supermarkets, specialty stores, and other Philippines distribution channels. Online stores are constantly expanding, and the beauty and personal care market in the Philippines is growing with them.
The Philippines beauty & personal care market analysis is segmented based on product type, gender, nature, end-use, and distribution channel. Depending on product type, the market is classified into skincare, haircare, color cosmetics, fragrances, toiletries, and others. By gender, the market is bifurcated into male and female. By nature, the market is divided into natural, organic, and synthetic. By end-use, the market is bifurcated into commercial and household. By distribution channels, it is fragmented into supermarkets/hypermarkets, specialty stores, convenience stores, B2B, and online stores.

Market highlights

Philippines Beauty & Personal care market was estimated to be USD 3.5 billion in 2018 and is anticipated to rise USD 6 billion by 2030, with a CAGR of 6 percent from 2019 to 2030.

Philippines Beauty & Personal Care Market Expected Market Growth

Philippines Beauty & Personal Care Market: Segments   

The skincare section led the world marketplace in the year 2018 with more than one-third of the market share and is anticipated to follow the same trend during the forecast period in 2019-2030.  The color cosmetics segment is also expected to rise with a CAGR of 7 percent during the forecast period 2019-2030.

During the forecast period, females are expected to lead the growth in the market with over 2/3 of the market share in the gender segment.  During the 2019-2030 forecast period, the male section is expected to grow at CAGR 7 percent.

The synthetic section of the nature segment led the worldwide marketplace in the year 2018 with more than half of the market share.  Whereas, the organic category is projected to rise at a higher CAGR during the forecast period 2019-2030 and gradually overtake the synthetic category.

Philippines Beauty & Personal Care Market: Market Dynamics

Drivers

Consumer preferences

The market in beauty and personal care is prosperous and one of the fastest-growing consumer markets primarily driven by the sections of cosmetics and skincare. The principal cause for this solid growth is the transition of the generation with young consumers. At the same time, social media, globalization, and e-commerce strengthen this transformation that has a lasting impact on beauty products shopping decision. The everyday beauty and care schedule is shifting and propagating trends from around the world. An increase in media influences and the effect of the Philippines' compelling celebs contribute to market growth. The Philippines, however, is expected to gain an enormous market opportunity in terms of value sales, with an increasing focus on natural beauty and personal care products, as well as a fast development of their online platforms in the country.

Rising disposable incomes

Philippines continues to have expanded sales in 2019, led by a rise in consumer sentiment due to higher discretionary income. Local customers are getting focused on improving their looks and appearances by using products that they feel provide higher value through more sophisticated formulations, enhancing their texture and shape, such as gel sun protection, and water-based skincare that asserts to be not gray and felt softer and therefore gives good comfort in a hot and humid country. With rising disposable incomes, people are more likely to look after themselves and use better quality products. In the Philippines, the economy is growing tangibly and the people save more now. These savings tend to be spent on enjoyment and care products eventually.

Opportunity

Positive performance and demand set to improve from 2021

Beauty and personal care in the Philippines are anticipated to be able to increase its value during the forecast period of 2020-2030, as demand rebound from 2021 when the consumer purchasing regularize is set to return for many commodities suffered by the 2020 COVID-19 lock-down. Since local customers can travel outside their homes more easily, as rigid shut-down policies are easier, many are likely to come back to the job and continue socializing with family and friends.

Challenge

The availability of counterfeit beauty & personal care products in the Philippines and the skin problems caused by them are making the young population fearful and uneasy to use the chemical-based products turning their focus on organic and natural products. The international and other nation’s brands with more prestige, lower cost, and higher quality are gaining feet in the Philippines market making the local producers lose, it is a problem for the Philippines producers and is anticipated to impede the growth of the market in the Philippines in terms of value sales during the forecast period.

Philippines Beauty & Personal Care Market: Key Players

• Johnson & Johnson Services, Inc.
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis
• Shiseido Company Limited
• Coty Inc.
• Est?e Lauder Companies Inc.
• Unilever
• Beiersdorf AG
• Olay
• Kao Corporation
• LVMH
• Other Prominent Players

The Philippines Beauty & Personal Care Market report also contains analysis on:

• Philippines Beauty & Personal Care Market Segments:

• By Product Type 
• Toiletries
• Fragrances
• Color Cosmetics
• Hair Care
• Skin Care
• Others
• By Nature Segment

• Organic
• Synthetic
• By Gender Segment
• Male
• Female

• By Distribution Channel

• Online Stores
• Convenience Stores
• B2B
• Specialty Stores
• Hypermarket/Supermarket

• Philippines Beauty & Personal Care Market Dynamics
• Philippines Beauty & Personal Care Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market

Market Drivers and Restraints