Philippines Dermocosmetics Market is valued at USD million in 2021 and is expected to reach a value of USD million by 2028, growing at a CAGR during the forecast period 2022 to 2028. The market report provides a detailed overview of the Philippines Dermocosmetics market, which has been segmented by product and distribution channel. By product, the Philippines Dermocosmetics market has been segmented into Hair Care Products, Skin Care Products, and Eye care products. The Skin Care Products segment is likely to be the largest and fastest-growing segment in terms of product type. Based on Distribution Channel, the Philippines Dermocosmetics is segmented into Retail Pharmacy, Hospital Pharmacy, and Online Sales. Among these, according to precision business insights, the Retail pharmacy segment is anticipated to register the fastest growth rate during the forecast period 2022-2028.
In 2021, Amorepacific acquired a 38.4% stake in cult K-beauty brand COSRX (Jeon Sanghoon), best known for sensitive skin products, to expand its business.