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Dietary Supplements in the Philippines

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    Report

  • 25 Pages
  • September 2024
  • Region: Philippines
  • Euromonitor International
  • ID: 594172
The market for dietary supplements in the Philippines is anticipated to see strong growth in current value terms in 2024. Within this, consumers are increasingly viewing herbal dietary supplements as healthier alternatives, driven by the belief that these natural products are gentler on the body and more easily absorbed.

The Dietary Supplements in Philippines report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2019-2023, allowing you to identify the sectors driving growth. Forecasts to 2028 illustrate how the market is set to change.

Product coverage: Combination Dietary Supplements, Herbal/Traditional Dietary Supplements, Non-Herbal/Traditional Dietary Supplements.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Dietary Supplements market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

KEY DATA FINDINGS
2024 DEVELOPMENTS
  • Herbal dietary supplements are commonly favoured by consumers
  • Probiotics continue to grow in popularity
  • Collagen and glutathione see heightened interest amongst female consumers
PROSPECTS AND OPPORTUNITIES
  • Heart, eye and gut health will emerge as key priorities
  • Trend towards personalised nutrition will be accompanied by emergence of niche dietary supplements
  • Local dietary supplement brands will benefit from prominence of local influencers
CATEGORY DATA
  • Table 1 Sales of Dietary Supplements by Category: Value 2019-2024
  • Table 2 Sales of Dietary Supplements by Category: % Value Growth 2019-2024
  • Table 3 Sales of Dietary Supplements by Positioning: % Value 2019-2024
  • Table 4 NBO Company Shares of Dietary Supplements: % Value 2020-2024
  • Table 5 LBN Brand Shares of Dietary Supplements: % Value 2021-2024
  • Table 6 Forecast Sales of Dietary Supplements by Category: Value 2024-2029
  • Table 7 Forecast Sales of Dietary Supplements by Category: % Value Growth 2024-2029
CONSUMER HEALTH IN THE PHILIPPINES
EXECUTIVE SUMMARY
  • Consumer health in 2024: The big picture
  • 2024 key trends
  • Competitive landscape
  • Retailing developments
  • What next for consumer health?
MARKET INDICATORS
  • Table 8 Consumer Expenditure on Health Goods and Medical Services: Value 2019-2024
  • Table 9 Life Expectancy at Birth 2019-2024
MARKET DATA
  • Table 10 Sales of Consumer Health by Category: Value 2019-2024
  • Table 11 Sales of Consumer Health by Category: % Value Growth 2019-2024
  • Table 12 NBO Company Shares of Consumer Health: % Value 2020-2024
  • Table 13 LBN Brand Shares of Consumer Health: % Value 2021-2024
  • Table 14 Penetration of Private Label in Consumer Health by Category: % Value 2019-2024
  • Table 15 Distribution of Consumer Health by Format: % Value 2019-2024
  • Table 16 Distribution of Consumer Health by Format and Category: % Value 2024
  • Table 17 Forecast Sales of Consumer Health by Category: Value 2024-2029
  • Table 18 Forecast Sales of Consumer Health by Category: % Value Growth 2024-2029
APPENDIX
  • OTC registration and classification
  • Vitamins and dietary supplements registration and classification
  • Self-medication/self-care and preventive medicine
  • Switches
  • Summary 1 OTC: Switches 2023-2024
DISCLAIMERDEFINITIONS
SOURCES
  • Summary 2 Research Sources