The skin care products market in Philippines was estimated at USD 1,357 million in 2023 and is expected to hit USD 2,275 million by 2029, registering a CAGR of 9% from 2024 to 2029 as per the latest market estimates. Heightened consumer concerns about skin nourishment and an increasing preference for comprehensive skincare regimens are fueling substantial demand for skincare products, with a pronounced impact on the facial and body care segments. This trend is underpinned by a broader shift towards health and wellness, as consumers become more vigilant about the ingredients in their skincare products and the overall efficacy of their skincare routines.
In the facial care segment, products addressing specific concerns such as hydration, anti-aging, and blemish control are witnessing significant growth. Advanced formulations featuring active ingredients like hyaluronic acid, retinol, and niacinamide are particularly popular, reflecting a consumer base that is both knowledgeable and discerning.
Simultaneously, the body care segment is experiencing a surge in demand for products that offer more than basic moisturization. Consumers are seeking out multi-functional body care solutions that provide nourishment, exfoliation, and firming benefits. This shift is driving innovation in product development, with brands introducing body care lines that incorporate ingredients traditionally reserved for facial skincare.
The report offers a comprehensive evaluation of the Philippines skin care products market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product, price range, key pack material, and distribution channel. This comprehensive evaluation aids in identifying the growth potential within the skin care products industry.
Market Segmentation
The skin care products market in Philippines is classified into the following segments:
Product: body care (anti-cellulite and firming, general purpose), depilatories, facial care (acne treatments, cleansing wipes, face masks, face toners, face wash & cleansers, lip care products, moisturizers & treatments), hand care, others (make-up removers, skincare sets)
Price range: prestige product, mass product
Key pack material: flexible packaging, glass, metal, paper & board, rigid plastics
Distribution channel: convenience stores, supermarkets and hypermarkets, small grocery stores, department stores, health and beauty stores, direct selling, e-commerce, others
The Philippines skin care products market is segmented on the basis of product, price range, key pack material, and distribution channel. Based on product, the skin care products market in Philippines is categorized into body care (anti-cellulite and firming, general purpose), depilatories, facial care (acne treatments, cleansing wipes, face masks, face toners, face wash & cleansers, lip care products, moisturizers & treatments), hand care, and others (make-up removers, skincare sets). On the basis of price range, the skin care products market in Philippines has been segmented into prestige product, and mass product. By key pack material, the skin care products market in Philippines has been segmented into flexible packaging, glass, metal, paper & board, and rigid plastics. Based upon distribution channel, the skin care products market in Philippines is also categorized into convenience stores, supermarkets and hypermarkets, small grocery stores, department stores, health and beauty stores, direct selling, e-commerce, and others.
Competitive Landscape
The Philippines skin care products market is highly competitive. The competitive landscape of the industry has also been examined along with the profiles of the key players Unilever PLC, The Procter & Gamble Company (P&G), Wipro Limited, Genson Distribution Inc., Natura & Co, Beiersdorf AG, RDL Pharmaceutical Lab. Inc., BEVi Beauty Elements Ventures Inc., United Laboratories Inc. (ULSSI), L’Oreal S.A., Intelligent Skin Care Inc., Do Day Dream Public Company Limited, Rosmar Skin Essentials PH, The Estee Lauder Companies Inc., Shiseido Company Limited, Kenvue Inc., Karmarts Public Company Limited, Rohto Pharmaceutical Co. Ltd., Mary Kay Inc., Nu Skin Enterprises Inc., Ever Bilena Cosmetics Inc., Amorepacific Corporation, LVMH Moet Hennessy Louis Vuitton SA (LVMH), Tatcha LLC, Galderma S.A., Cosmetique Asia Corporation, The Clorox Company.
The report presents a detailed analysis of the Philippines skin care products market, focusing on the performance of major companies between 2019 and 2023. The data offers valuable insights into market share fluctuations, identifying established leaders and the ascent of new entrants. Such information provides companies with the tools needed to enhance their strategic positioning and remain competitive, even as market conditions evolve.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Philippines skin care products market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Philippines skin care products market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Philippines skin care products market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewPhilippines skin care products market – product analysis
Philippines skin care products market – price range analysis
Philippines skin care products market – key pack material analysis
Philippines skin care products market – distribution channel analysis
Key players and market share
– Unilever PLC
– The Procter & Gamble Company (P&G)
– Wipro Limited
– Genson Distribution Inc.
– Natura & Co
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Philippines skin care products market 2019-2029
Chart Philippines skin care products market, net growth, 2019-2029
Chart Philippines skin care products market, growth rates, 2019-2029
Table Philippines skin care products market by product, 2019-2029
Chart Philippines skin care products market by product, CAGR historic and forecast, 2019-2029
Chart Philippines skin care products market by product, 2019-2029
Table Philippines skin care products market by price range, 2019-2029
Chart Philippines skin care products market by price range, CAGR historic and forecast, 2019-2029
Chart Philippines skin care products market by price range, 2019-2029
Table Philippines skin care products market by key pack material, 2019-2029
Chart Philippines skin care products market by key pack material, CAGR historic and forecast, 2019-2029
Chart Philippines skin care products market by key pack material, 2019-2029
Table Philippines skin care products market by distribution channel, 2019-2029
Chart Philippines skin care products market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Philippines skin care products market by distribution channel, 2019-2029
Table Philippines skin care products market share (%), by companies, 2019-2023
Chart Philippines skin care products market, by companies, 2023
Table Philippines skin care products market share (%), by brands, 2019-2023
Chart Philippines skin care products market, by brands, 2023
Table Philippines – population (millions) and forecast
Table Philippines – consumer price index (CPI) and forecast
Table Philippines – gross domestic product and forecast
Table Philippines skin care products market: spend as a proportion of GDP (%)
Table Philippines skin care products market: consumption per capita (population)