In the Philippines, the Vitamins in Dosage Market is projected to grow from $420.7 million in 2024 to $488.52 million by 2028. Given the starting value of $400 million in 2023, this suggests an increasing trend. Year-on-year growth rates are 4.1% for 2025, 3.9% for 2026, 3.7% for 2027, and 3.5% for 2028, indicating a gradual slowing of growth. The compound annual growth rate (CAGR) for this period is approximately 3.8%.
Future trends to watch for include:
- Increased consumer awareness of health and wellness
- Greater market penetration of e-commerce channels
- Rising interest in natural and organic vitamin options