PROSPECTS AND OPPORTUNITIES
Increased beauty spending will encourage retailer expansion
With an anticipated improvement in the labour market in the Philippines, health and beauty specialists are poised to benefit significantly over the forecast period. As employment rates increase and disposable incomes rise, consumers are expected to invest more in achieving a polished corporate look.
Optical goods stores will grow significantly
As malls continue to proliferate throughout the Philippines, there is also a growing opportunity for optical goods stores to expand their presence. For instance, an SM Mall can house multiple optical brands - such as Sunnies, Sarabia Optical, and Owndays - offering consumers a variety of options at different price points.
Generic drugs will support pharmacy growth
While established pharmacies have long offered both branded and generic drugs, the rapid expansion of retail chains like Generica and Generiks Pharmacy signals a growing consumer demand for affordable, generic options. This increased acceptance of generic medications is expected to strengthen the pharmacy market, particularly in rural areas where cost-effective healthcare is in high demand.
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Overview:
Understand the latest market trends and future growth opportunities for the Health and Beauty Specialists 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 Health and Beauty Specialists 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.
The Health and Beauty Specialists in Philippines report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Health and Beauty Specialists in Philippines?
- Which are the leading retailers in Health and Beauty Specialists in Philippines?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Health and Beauty Specialists in the Philippines - Category analysis
KEY DATA FINDINGS
Return to physical office environments benefits health and beauty products
Players step up their e-commerce presence
Rising interest in home-grown health and beauty brands
Increased beauty spending will encourage retailer expansion
Optical goods stores will grow significantly
Generic drugs will support pharmacy growth
Retail in the Philippines - Industry Overview
Retail in 2024: The big picture
SM Retail maintained its dominance
Ongoing digitalisation of retail channels and payment methods
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas Season
Back to School
DISCLAIMER
The following categories and subcategories are included:
Health and Beauty Specialists
- Beauty Specialists
- Pharmacies
- Optical Goods Stores
- Health and Personal Care Stores
Health and Beauty Specialists
The aggregation of beauty specialists, pharmacies, optical goods stores, and health and personal care stores.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Health and Beauty Specialists research and analysis database.
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