The outlook for premium beauty and personal care is a bright one with consumers expected to be willing to be willing to start spending more on these products now that the COVID-19 pandemic is over and consumer confidence is returning. After a difficult economic period it is also expected that inflation will stabilise which should also help to attract sales of premium beauty and personal care.
Retail e-commerce is seeing dynamic growth in the Philippines and it is set to play a growing role in the premium beauty and personal care segment over the forecast period. The COVID-19 crisis served to dramatically expand the consumer base for e-commerce while also encouraging established online shoppers to use the channel more frequently and for a wider range of products.
The increased emphasis on personal health and wellbeing has helped to increase the time and attention many consumers are devoting to their personal care routines with a focus on skin health, anti-ageing and other longer term benefits. This is supporting demand for premium skin care products and is providing a platform for raising consumer awareness and knowledge about skin care.
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Understand the latest market trends and future growth opportunities for the Premium Beauty and Personal Care industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Premium Beauty and Personal Care industry in Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Premium Beauty and Personal Care
This is the aggregation of premium colour cosmetics, fragrances, deodorants, skin care, sun care, baby and child-specific products, bath and shower and hair care.See All of Our Definitions
This report originates from Passport, our Premium Beauty and Personal Care research and analysis database.
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