Philippines Skincare - Market Assessment and Forecasts to 2024

Philippines Skincare - Market Assessment and Forecasts to 2024

Philippines Skincare - Market Assessment and Forecasts to 2024

Summary

Filipino skincare sector is led by the facial care category in the value terms and the category is also forecast to register the fastest value growth during 2019-2024. Convenience stores is the leading channel for distribution of skincare products in the country. Rigid plastics is the commonly used pack material in the sector. Kids & babies(0-15 years) accounted for the highest consumption of skincare products in the country. Unilever, Procter & Gamble and Avon Products, Inc are the leading players in the sector.

Country Profile report on the Skincare sector in Philippines provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares.

What else is contained?

• Sector data: Overall sector value and volume data with growth analysis for 2014-2024
• Category coverage: Value and growth analysis for body care, depilatories, facial care, hand care and make-up remover with inputs on individual segment share within each category and the change in their market share forecast for 2019-2024
• Leading players: Market share of compaines (in value terms) and private labels (in value terms) in 2019
• Distribution data: Percentage of sales within each category through distribution channels such as cash & carries & warehouse clubs, chemists/pharmacies, convenience stores, department stores, direct sellers, health & beauty stores, hypermarkets & supermarkets, parapharmacies/drugstores, “dollar stores”, variety stores & general merchandise retailers, e-retailers other general retailers.
• Packaging data: consumption breakdown for package materials and pack types in each category, in terms of percentage share of number of units sold. Pack material data for glass, flexible packaging, paper & board, rigid plastics, and rigid metal; pack type for: tube, jar, bottle, bag/sachet, tub, aerosol, carton-folding, speciality container and other pack type, closure type for: flip/snap top, dispenser, screw top, cap, film, lever closure, prize off, foil, twist off, stopper and other closure types, primary outer types for: carton - folding, blister pack, sleeve and shrink wrap.

• Value share of Philippines is expected to grow in the global skincare market, in the next five years
• The Filipino skincare sector is forecast to register fifth largest value and volume growth amongst leading Asia - Pacific markets
• Both per capita consumption and per capita expenditure of skincare was lower in Philippines compared to the global and regional levels in 2019
• Filipino consumers prefer value foe money products in the skincare sector
• The per capita consumption of facial care products was higher than other skincare categories in 2019
• Pond`s, owned by Unilever is the leading brand in the Filipino skincare sector, in 2019
• Rigid plastics is the most commonly used pack material in the Filipino skincare sector

• Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
• Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
• Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning
• Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
• The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
• Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.