• World News
  • Politics
  • Economy
  • Stock
  • Editor’s Pick
Global Trading Markets
EconomyEditor's Pick

Cosmetics industry poised to maintain 10% growth this year

by June 4, 2025
June 4, 2025

THE beauty and personal care industry is expected to sustain 10% growth this year, driven by product innovation and improved regulation.

“There are a lot of innovative products. And the regulations are also improving,” according to Christine Michelle P. Reyes, president of the Chamber of Cosmetics Industry of the Philippines, Inc.

Speaking on the sidelines of the Cosmobeauté Philippines 2025, she said beauty and personal care products continue to register “healthy” growth at retail level by volume and value. Last year, the value of beauty and personal care products grew at retail by 10.1%.

“The consumption pick-up in the previous year was due to lifestyle changes and easing of inflationary pressures,” she said.

“Middle-income groups are also growing in the Philippines alongside urbanization, with provincial areas attracting new consumers through the development of modern grocery retailers,” she added.

She said growth can also be attributed to improved consumer purchasing power due to easier access to credit.

She noted growing demand for sun care and sustainable products.

“The best-selling products are products that integrate SPF protection, and also climate and environmental issues are increasingly top of mind for players in beauty and personal care,” she added.

Trade Secretary Ma. Cristina A. Roque said Philippine beauty and personal care companies are ready to go global.

“This is our first time joining an international trade show such as this… I feel we really have companies that are ready to go global, especially those with products that are coconut-based and healthy,” she said.

“That will be the direction of Philippine products. We also have to be strategic in our approach when we sell our products because there are so many products from all over the world, and what can be our edge? Definitely the coconut-based products,” she added.

She said that most Philippine products are plant-based and organic, which could present a favorable contrast to products in the market that  are heavy on chemicals.

However, she said domestic companies are being challenged by the growth of e-commerce.

“We have a lot of products now from Korea, China, and Japan, some of which are really low-priced,” she said.

“But we are very competitive also because the cost of production in the Philippines is not that high,” she added.

She said that prospective countries for beauty and personal care exports include Thailand and Hong Kong, as well as the rest of ASEAN.

Scheduled to run from June 4 to 6, Cosmobeauté Philippines will be showcasing 250 brands and companies and business-to-business events.

“The journey towards Cosmobeauté Philippines 2025 is an interesting and empowering one,” said Rungphech Chitanuwat, country general manager of Informa Markets Philippines, the organizer of the event.

“This edition holds importance as it sets the latest trend and standard in events focused on skincare and cosmetics in the country,” she added.

Cosmobeauté Philippines serves as the kick-off event for the Cosmobeauté trade shows in Southeast Asia, such as Vietnam, Malaysia, and Indonesia. — Justine Irish D. Tabile

previous post
Lockheed Martin facility to service PAF aircraft
next post
Semiconductor industry council to look into ease of doing business, talent dev’t issues

You may also like

Chicken, fish prices rise in mid-June

June 30, 2025

The effects of VAT on digital services

June 30, 2025

Nonbank financial institutions remain ‘cautious’ about sustainability practices

June 30, 2025

Rice-processing system expected to benefit 6,000 Nueva Ecija...

June 30, 2025

Low inflation masks price hikes at sari-sari stores,...

June 30, 2025

Philippine corporate governance hindered by highly concentrated ownership,...

June 30, 2025

Konektadong Pinoy’s lighter regime deemed attractive to tech...

June 30, 2025

BoI pitching investors in Spain on 2 solar...

June 30, 2025

21 renewable projects forwarded to NGCP for grid...

June 30, 2025

Exporters remain ‘in the dark’ about eventual US...

June 30, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • The Smart Way To Choose Your Next Firearm

      June 30, 2025
    • Here We Go: After Announcing He Won’t Seek Reelection, RINO Don Bacon Signals He is a ‘No’ Vote on Big Beautiful Bill

      June 30, 2025
    • New Details on Tillis’ Decision to Retire Emerges

      June 30, 2025
    • Caitlin Clark’s Kobe Mamba Nike Basketball Shoe Sells Out in LESS THAN ONE MINUTE

      June 30, 2025
    • DeSantis Pushes New Deportation Center in Florida: “Simple Logistics, Concrete Results”

      June 30, 2025
    Footer Logo
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 GlobalTradingMarkets.com All Rights Reserved.

    Global Trading Markets
    • World News
    • Politics
    • Economy
    • Stock
    • Editor’s Pick