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| Report Code: A06728 | Aug 2020 | Pages: 95 | ||
| Tables: 4 | Charts: 38 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Philippines Skin Care Products Market
Request Now !The Philippines skin care products market size was valued at $1,205.6 million in 2017, and is projected reach $2,018.6 million by 2027, registering a CAGR of 7.3% from 2021 to 2027.  Skin care is the practice of maintaining and enhancing one’s physical appearance with the use of various skin care products, including cream, lotions and others. These products are easily accessible to its end users in the Philippines through various distribution channels such as supermarkets/hypermarket, online stores, pharmacies & drug stores, department stores specialty stores, and beauty salons. The Philippines skin care products market has witnessed substantial growth in the last few years, due to upsurge in disposable income and shift of Filipinos toward healthier lifestyle. However, the recent outbreak of coronavirus has significantly impacted personal care and cosmetics industry along with all stages of supply chain and value chain. It has further affected the consumer behavior with regards to purchasing cosmetics and skin care products in the Philippines.
According to the Philippines skin care products market analysis, the market is studied on the basis of product type, demographics, age group, and sales channel. Depending on product type, the market is classified into cream, lotion, and others. By demographic, it is bifurcated into male and female. As per age group, it is segregated into generation X, millennial, and generation Z. According to distribution channel, it is fragmented into supermarket/hypermarket, specialty stores, department stores, beauty salons, pharmacies & drug stores, and online sales channel.
On the basis of product type, the cream segment accounted for the maximum share in the Philippines market in 2017. This is attributable to rise in fashion consciousness among Filipinos in recent years. Moreover, rise in trend of using skin care products such as acne treatments, face masks, facial cleansers, and facial moisturizers among Filipinos, who are keen to maintain a healthy and youthful appearance, drives the Philippines skin care products market demand.
Depending on demographics, the female segment was dominant, which accounted for more than half of the share in market in 2017, and is expected to continue this trend throughout the forecast period. Females in the Philippines have been taking extra efforts on maintaining their well-being, owing to which skin care products are being increasingly adopted among female consumers. Furthermore, surge in female working population, increase in awareness regarding maintaining prolonged beauty, and change in lifestyle have significantly contributed toward the growth of the Philippines skin care products market. In addition, the demand for herbal and natural skin care products is anticipated to increase at a substantial rate during the forecast period, which is likely to boost the Philippines skin care products market growth.
By age group, the generation X segment is expected to garner the highest revenue in 2027, due to increase in engagement of generation X in purchasing skin care products from supermarket/hypermarket, departmental stores, independent stores, and grocery stores. In addition, products such as face mask, anti-aging cream, and other creams, which prevent aging and improve skin radiance are more preferred by this generation. Email marketing, newspaper advertisement, and online advertising on television are expected to gain traction in the near future.
According to sales channel, the supermarket/hypermarket led the Philippines skin care products market share in 2017. This is attributed to increase in popularity of supermarket/hypermarket due to the availability of broad range of consumer goods under a single roof, in addition to ample parking space and convenient operation timings. Consumers in the Philippines prefer to buy products that are on sale. However, the beauty salons segment in the Philippines is expected to exhibit a significant CAGR, due to rise in interest of men in personal grooming. This, in turn, is boosting the adoption of anti-ageing products and other specialized men's skin care products
The players in Philippines skin care products market have adopted new product launch as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in Philippines skin care products industry include Procter & Gamble, Patanjali Ayurved Limited, The Estée Lauder Companies Inc., Emami Limited,  Johnson & Johnson Services, Inc., the Himalaya Drug Company, Dabur, Kao Corporation, Unilever Plc., L'oréal S.A., and Beiersdorf AG.Â
Key Benefits For Stakeholders
Philippines Skin Care Products Market Report Highlights
| Aspects | Details |
|---|---|
| By Product Type |
|
| By Demographic |
|
| By Age Group |
|
| By Sales Channel |
|
| Key Market Players | The Estée Lauder Companies Inc., Kao Corporation, Emami Limited, Beiersdorf AG., L'oréal S.A, Unilever Plc, Dabur, Patanjali Ayurved Limited, Johnson & Johnson Services, Inc, Procter & Gamble, Himalaya Drug Company |
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key market benefits for stakeholders
1.4.Research methodology
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.CXO perspective
CHAPTER 3:MARKET LANDSCAPE
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pocket
3.3.Porter's five forces analysis
3.3.1.Bargaining power of suppliers
3.3.2.Bargaining power of buyer
3.3.3.Thereat of new entrants
3.3.4.Threat of substitute
3.3.5.Intensity of competitive rivalry
3.4.Market dynamics snapshot
3.5.Top influencers
3.6.Average duration of skin care products registration
3.6.1.Introduction
3.6.2.Part 1 Regulatory Framework and Competent Authority
3.6.3.Part 2 Cosmetics Products
3.7.COVID-19 impact on Philippines skin care products market
CHAPTER 4:PHILIPPINES SKIN CARE PRODUCTS MARKET, BY PRODUCT TYPE
4.1.Overview
4.1.1.Market size and forecast
4.2.Cream
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast
4.3.Lotions
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast
4.4.Others
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast
CHAPTER 5:PHILIPPINES SKIN CARE PRODUCTS MARKET, BY DEMOGRAPHICS
5.1.Overview
5.1.1.Market size and forecast
5.2.Male
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast
5.3.Female
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast
CHAPTER 6:PHILIPPINES SKIN CARE PRODUCTS MARKET, BY AGE GROUP
6.1.Overview
6.1.1.Market size and forecast
6.2.Generation X
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast
6.3.Millennial
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast
6.4.Generation Z
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast
CHAPTER 7:PHILIPPINES SKIN CARE PRODUCTS MARKET, BY SALES CHANNEL
7.1.Overview
7.2.Premium skin care products
7.2.1.Key market trends, growth factors, and opportunities
7.3.Non-premium skin care products
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast
7.4.Supermarket/hypermarket
7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast
7.4.3.Premium
7.4.3.1.Market size and forecast
7.4.4.Non-premium
7.4.4.1.Market size and forecast
7.5.Specialty stores
7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast
7.5.3.Premium
7.5.3.1.Market size and forecast
7.5.4.Non-premium
7.5.4.1.Market size and forecast
7.6.Department stores
7.6.1.Key market trends, growth factors, and opportunities
7.6.2.Market size and forecast
7.6.3.Premium
7.6.3.1.Market size and forecast
7.6.4.Non-premium
7.6.4.1.Market size and forecast
7.7.Beauty salons
7.7.1.Key market trends, growth factors, and opportunities
7.7.2.Market size and forecast
7.7.3.Premium
7.7.3.1.Market size and forecast
7.7.4.Non-premium
7.7.4.1.Market size and forecast
7.8.Pharma & drug stores
7.8.1.Key market trends, growth factors, and opportunities
7.8.2.Market size and forecast
7.8.3.Premium
7.8.3.1.Market size and forecast
7.8.4.Non-premium
7.8.4.1.Market size and forecast
7.9.Online sales channel
7.9.1.Key market trends, growth factors, and opportunities
7.9.2.Market size and forecast
7.9.3.Premium
7.9.3.1.Market size and forecast
7.9.4.Non-premium
7.9.4.1.Market size and forecast
LIST OF TABLES
TABLE 01.PHILIPPINES SKIN CARE PRODUCTS MARKET, BY PRODUCT TYPE, 2017-2027 ($MILLION)
TABLE 02.PHILIPPINES SKIN CARE PRODUCTS MARKET, BY DEMOGRAPHICS, 2017-2027 ($MILLION)
TABLE 03.PHILIPPINES SKIN CARE PRODUCTS MARKET, BY AGE GROUP, 2017-2027 ($MILLION)
TABLE 04.PHILIPPINES SKIN CARE PRODUCTS MARKET, BY SALES CHANNEL, 2017-2027 ($MILLION)
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.PHILIPPINES SKIN CARE PRODUCTS MARKET SNAPSHOT
FIGURE 03.TOP INVESTMENT POCKETS, BY TYPE
FIGURE 04.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05.MODERATE BARGAINING POWER OF BUYERS
FIGURE 06.MODERATE THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE THREAT OF SUBSTITUTION
FIGURE 08.HIGH INTENSITY OF COMPETITIVE RIVALRY
FIGURE 09.PHILIPPINES SKIN CARE PRODUCTS MARKET SHARE, BY PRODUCT TYPE, 2019(%)
FIGURE 10.PHILIPPINES SKIN CARE PRODUCTS MARKET VALUE FOR CREAM, 2017–2027 ($MILLION)
FIGURE 11.PHILIPPINES SKIN CARE PRODUCTS MARKET VALUE FOR LOTIONS, 2017–2027 ($MILLION)
FIGURE 12.PHILIPPINES SKIN CARE PRODUCTS MARKET VALUE FOR OTHERS, 2017–2027 ($MILLION)
FIGURE 13.PHILIPPINES SKIN CARE PRODUCTS MARKET SHARE, BY DEMOGRAPHICS, 2019(%)
FIGURE 14.PHILIPPINES SKIN CARE PRODUCTS MARKET VALUE FOR MALE, 2017–2027 ($MILLION)
FIGURE 15.PHILIPPINES SKIN CARE PRODUCTS MARKET VALUE FOR FEMALE, 2017–2027 ($MILLION)
FIGURE 16.PHILIPPINES SKIN CARE PRODUCTS MARKET SHARE, BY AGE GROUP, 2019(%)
FIGURE 17.PHILIPPINES SKIN CARE PRODUCTS MARKET VALUE FOR GENERATION X, 2017–2027 ($MILLION)
FIGURE 18.PHILIPPINES SKIN CARE PRODUCTS MARKET VALUE FOR MILLENNIAL, 2017–2027 ($MILLION)
FIGURE 19.PHILIPPINES SKIN CARE PRODUCTS MARKET VALUE FOR GENERATION Z, 2017–2027 ($MILLION)
FIGURE 20.PHILIPPINES SKIN CARE PRODUCTS MARKET SHARE, BY SALES CHANNEL, 2019 (%)
FIGURE 21.PHILIPPINES SKIN CARE PRODUCTS MARKET FOR SUPERMARKET/HYPERMARKET, 2017-2027 ($MILLION)
FIGURE 22.PHILIPPINES PREMIUM SKIN CARE PRODUCTS MARKET FOR SUPERMARKET/HYPERMARKET, 2017-2027 ($MILLION)
FIGURE 23.PHILIPPINES NON-PREMIUM SKIN CARE PRODUCTS MARKET FOR SUPERMARKET/HYPERMARKET, 2017-2027 ($MILLION)
FIGURE 24.PHILIPPINES SKIN CARE PRODUCTS MARKET FOR SPECIALTY STORES 2017-2027 ($MILLION)
FIGURE 25.PHILIPPINES PREMIUM SKIN CARE PRODUCTS MARKET FOR SPECIALTY STORES , 2017-2027 ($MILLION)
FIGURE 26.PHILIPPINES NON PREMIUM SKIN CARE PRODUCTS MARKET FOR SPECIALTY STORES, 2017-2027 ($MILLION)
FIGURE 27.PHILIPPINES SKIN CARE PRODUCTS MARKET FOR DEPARTMENT STORES, 2017-2027 ($MILLION)
FIGURE 28.PHILIPPINES PREMIUM SKIN CARE PRODUCTS MARKET FOR DEPARTMENT STORES, 2017-2027 ($MILLION)
FIGURE 29.PHILIPPINES NON PREMIUM SKIN CARE PRODUCTS MARKET FOR DEPARTMENT STORES, 2017-2027 ($MILLION)
FIGURE 30.PHILIPPINES SKIN CARE PRODUCTS MARKET FOR BEAUTY SALONS, 2017-2027 ($MILLION)
FIGURE 31.PHILIPPINES PREMIUM SKIN CARE PRODUCTS MARKET FOR BEAUTY SALONS, 2017-2027 ($MILLION)
FIGURE 32.PHILIPPINES NON PREMIUM SKIN CARE PRODUCTS MARKET FOR BEAUTY SALONS, 2017-2027 ($MILLION)
FIGURE 33.PHILIPPINES SKIN CARE PRODUCTS MARKET FOR PHARMA AND DRUG STORES, 2017-2027 ($MILLION)
FIGURE 34.PHILIPPINES PREMIUM SKIN CARE PRODUCTS MARKET FOR PHARMA AND DRUG STORES, 2017-2027 ($MILLION)
FIGURE 35.PHILIPPINES NON PREMIUM SKIN CARE PRODUCTS MARKET FOR PHARMA AND DRUG STORES, 2017-2027 ($MILLION)
FIGURE 36.PHILIPPINES SKIN CARE PRODUCTS MARKET FOR ONLINE STORES, 2017-2027 ($MILLION)
FIGURE 37.PHILIPPINES PREMIUM SKIN CARE PRODUCTS MARKET FOR ONLINE STORES, 2017-2027 ($MILLION)
FIGURE 38.PHILIPPINES NON PREMIUM SKIN CARE PRODUCTS MARKET FOR ONLINE STORES, 2017-2027 ($MILLION)
According to the perspective of top-level CXOs, natural and organic skin care products have gained momentum in the Philippines skin care products market. Thus, shift in the consumer purchasing behavior makes way for manufacturers to introduce herbal skin care products along with affordable prices and eco-friendly packaging.
The CXOs further added that rise in trend has been witnessed among Filipinos of using skin care products such as masks, lotion, cream, serums, peel offs, powder, oil, cleansers, and toners to enhance their physical appearance and keep skin younger and radiant. This factor acts a key factor, which drives the growth of the Philippines skin care products market. Furthermore, increase in penetration of various online portals in the Philippines and huge discounts offered by online channels to attract a large consumer base contribute toward the growth of the market. Moreover, online sales channel has increased the consumer reach, making it the key source of revenue for many companies.
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A. The total market value of Philippines skin care products market in 2027 is $2,018.6 million.
A. The CAGR of Philippines skin care products market is 7.3%.
A. The base year calculated in the Philippines skin care products market is 2017.
A. The Philippines skin care products market top impacting factor are rapid growth of online platform, young & rapidly growing population and availability of counterfeit products.
A. The Philippines skin care products market is segmented into product type, demographics, age group, and sales channel. Depending on product type, the market is categorized into cream, lotion, and others. By demographic, it is bifurcated into male and female. On the basis of age group, it is segregated into generation X, millennial, and generation Z. As per sales channel, it is fragmented into supermarket/hypermarket, specialty stores, department stores, beauty salons, pharmacies & drug stores, and online sales channel.
A. The forecast period in the market report is 2021-2027.
A. The key players profiled in Philippines skin care products industry include Procter & Gamble, Patanjali Ayurved Limited, The Estée Lauder Companies Inc., Emami Limited, Johnson & Johnson Services, Inc., the Himalaya Drug Company, Dabur, Kao Corporation, Unilever Plc., L'oréal S.A., and Beiersdorf AG.
A. The key trends in the Philippines skin care products market report are growth of local beauty brands, increasing influence of social media and consumer inclination towards natural products.
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