The COVID-19 pandemic has stoked consumer interest in natural and sustainable cosmetics and personal care products, thereby lending momentum to a trend for ‘clean’ beauty products, says GlobalData. The data and analytics company notes that this trend will drive the projected growth of the Philippines’ skincare market from PHP 51.8 billion (USD 1.1 billion) in 2021 to PHP 74.8 billion (USD 1.5 billion) by 2026, at a compound annual growth rate (CAGR) of 7.7%.
Philippine skincare market seen to bloom to P75 billion by 2026 philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
GlobalData plc (via Public) / Health and wellness to drive South Korea seasonings, dressings & sauces market at 3.1% CAGR through 2026, says GlobalData publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.