Philippines Beauty Care Products Market Overview
According to SPER Market Research, the Philippines Beauty Care Products Market is estimated to reach USD 6.54 billion by 2032 with a CAGR of 5.01%.
Beauty care products are any cosmetic or personal care items that people use to improve their appearance, maintain personal hygiene, and promote good health. These products are used to enhance the appearance and feel of skin, hair, and nails, as well as to protect and promote their health. Beauty care products are designed to meet a variety of needs, including skin types, hair types, and personal preferences. They come in a variety of forms, including creams, gels, lotions, sprays, powders, and liquids, and can be used on a daily or occasional basis, depending on the product's purpose. Beauty care products include moisturisers, cleansers, and sunscreens; shampoo, conditioner, and hair styling products; foundation, mascara, and lipstick; and deodorant, toothpaste, and soap. The beauty care products market in the Philippines has been growing steadily in recent years. Skincare products have the largest market share, accounting for the majority of sales, followed by hair care and colour cosmetics. Natural and organic beauty products are also becoming more popular in the Philippines.
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Impact of COVID-19 on the Philippines Beauty Care Products Market
The COVID-19 pandemic has made a significant impact on the Philippines' beauty care products market. Many consumers reduced their spending on non-essential items, including beauty products, as a result of the implementation of lockdowns and social distancing measures. This resulted in a drop in sales and revenue for the industry, especially in the early stages of the pandemic. The shift towards online shopping and e-commerce platforms also had an impact on the Philippines' beauty care products market. During the pandemic, as consumers increasingly turned to online shopping, brands and retailers had to adapt and expand their digital presence to meet the rising demand.
However, as the pandemic continued, consumers' focus on health and wellness grew, resulting in an increase in demand for products that promote skin health and hygiene. As a result, sales of hand sanitizers, hand soaps, and other hygiene-related products increased. In conclusion, the COVID-19 pandemic had a mixed effect on the Philippines' beauty care products market, with sales declines offset by increased demand for hygiene-related products and opportunities for brands and retailers to expand their digital presence.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product type, By Nature, By Gender, By End Use, By Distribution Channel
|
| Regions covered | Central Region, Southern Region, Northern Region
|
| Companies Covered | L’Oreal, Shiseido Company Limited, Coty Inc., Estee Lauder Companies Inc., Unilever, Beiresdorf AG, Olay, Kao Corporation, Johnson & Johnson services Inc.
|
Target Audience:
- Women
- Men
- Teenagers
- Older adults
- Professional Makeup Artists
Philippines Beauty Care Products Market Segmentation:
1. By Product Type:
- Skin Care
- Hair Care
- Color Cosmetics
- Fragrances
- Toiletries
- Others
2. By Nature:
3. By Gender:
4. By End Use:
5. By Distribution Channels:
- B2B
- Hypermarket/Supermarket
- Specialty Stores
- Convenience Stores
- Online Stores
6. By Region:
- Central Region
- Southern Region
- Northern Region
Key Topics Covered in the Report:
- Size of Philippines Beauty Care Products Market (FY’2019-FY’2032)
- Overview of Philippines Beauty Care Products Market
- Segmentation of Philippines Beauty Care Products Market By Product type (Skin Care, Hair Care, Color Cosmetics, Fragrances, Toiletries, Others)
- Segmentation of Philippines Beauty Care Products Market By Nature (Natural, Synthetic, Organic)
- Segmentation of Philippines Beauty Care Products Market By Gender (Male, Female)
- Segmentation of Philippines Beauty Care Products Market By End Use (Commercial, Household)
- Segmentation of Philippines Beauty Care Products Market By Distribution Channels (B2B, Hypermarket/Supermarket, Speciality Stores, Convenience Stores, Online Stores)
- Statistical Snap of Philippines Beauty Care Products Market
- Growth Analysis of Philippines Beauty Care Products Market
- Problems and Challenges in Philippines Beauty Care Products Market
- Competitive Landscape in the Philippines Beauty Care Products Market
- Impact of COVID-19 and Demonetization on Philippines Beauty Care Products Market
- Details on Recent Investment in Philippines Beauty Care Products Market
- Competitive Analysis of Philippines Beauty Care Products Market
- Major Players in the Philippines Beauty Care Products Market
- SWOT Analysis of Philippines Beauty Care Products Market
- Philippines Beauty Care Products Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Philippines Beauty Care Products Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Philippines Beauty Care Products Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Philippines Beauty Care Products Market
7. Philippines Beauty Care Products Market, By Product Type, 2019-2032 (USD Million)
7.1 Skin Care
7.2 Hair Care
7.3 Color Cosmetics
7.4 Fragrances
7.5 Toiletries
7.6 Others
8. Philippines Beauty Care Products Market, By Nature, 2019-2032 (USD Million)
8.1 Natural
8.2 Synthetic
8.3 Organic
9. Philippines Beauty Care Products Market, By Gender, 2019-2032 (USD Million)
9.1 Male
9.2 Female
10. Philippines Beauty Care Products Market, By End Use, 2019-2032 (USD Million)
10.1 Commercial
10.2 Household
11. Philippines Beauty Care Products Market, By Distribution Channels, 2019-2032 (USD Million)
11.1 B2B
11.2 Hypermarket/Supermarket
11.3 Specialty Stores
11.4 Convenience Stores
11.5 Online Stores
12. Philippines Beauty Care Products Market, By Region, 2019-2032 (USD Million)
12.1 Philippines Beauty Care Products Market Size and Market Share by Region (2019-2025)
12.2 Philippines Beauty Care Products Market Size and Market Share by Region (2026-2032)
12.3 Central Region
12.4 Southern Region
12.5 Northern Region
13. Company Profiles
13.1 L’Oreal
13.1.1 Company details
13.1.2 Financial outlook
13.1.3 Product summary
13.1.4 Recent developments
13.2 Shiseido Company Limited
13.2.1 Company details
13.2.2 Financial outlook
13.2.3 Product summary
13.2.4 Recent developments
13.3 Coty Inc.
13.3.1 Company details
13.3.2 Financial outlook
13.3.3 Product summary
13.3.4 Recent developments
13.4 Estee Lauder Companies Inc.
13.4.1 Company details
13.4.2 Financial outlook
13.4.3 Product summary
13.4.4 Recent developments
13.5 Unilever
13.5.1 Company details
13.5.2 Financial outlook
13.5.3 Product summary
13.5.4 Recent developments
13.6 Beiresdorf AG
13.6.1 Company details
13.6.2 Financial outlook
13.6.3 Product summary
13.6.4 Recent developments
13.7 Olay
13.7.1 Company details
13.7.2 Financial outlook
13.7.3 Product summary
13.7.4 Recent developments
13.8 Kao Corporation
13.8.1 Company details
13.8.2 Financial outlook
13.8.3 Product summary
13.8.4 Recent developments
13.9 Johnson & Johnson services Inc.
13.9.1 Company details
13.9.2 Financial outlook
13.9.3 Product summary
13.9.4 Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
