Market Insights Consumer Beauty & Personal Care Skin Care

Face Skin Care - Philippines

Philippines

In the Philippines, the revenue generated in the Face market is projected to reach €0.96bn in 2024.
It is anticipated that this market will experience an annual growth rate of 1.02% (CAGR 2024-2029).
When compared to other countries worldwide, in Japan leads in terms of revenue generation, with an estimated amount of €16,680m in 2024.
In relation to the total population, each person in the Philippines is expected to generate €8.04 in revenue in 2024.
Despite the popularity of international beauty brands, Filipino consumers still prefer locally-made facial products due to their familiarity and trust in homegrown brands.

Key regions: United States, Indonesia, United Arab Emirates, South Korea, Canada

Marché

Région

Comparaison de régions

Monnaie

Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.