Philippines Professional Hair Care Market - Forecast (2021 - 2026)
According to the latest findings by the International Trade Administration (ITA), importation of cosmetics and personal care products in the Philippines had declined by $9 million in 2016. Moreover, in the past, it had gone downhill from $1.290 billion in 2014 to $1.281 billion in 2015,[1] and it has been perpetually reducing in amount. This drain in the importation is attributed to domestic production of personal care products. Evidently, the rise in domestic production is because of the demand influx in the cosmetic products market, and the professional hair care products bear a remarkable fraction of this upsurge in demand. This demand is leading to a booming Philippines professiona l hair care market which was valued to be $800 million as of 2018. Furthermore, the demand for professional hair care products in the Philippines is estimated to observe a modest compound annual growth rate (CAGR) of 2.2% during the forecast period of 2019 to 2025. Request Sample The Philippines Profess...