The Personal Deodorants and Antiperspirants Market in the Philippines has shown fluctuating growth over the years. Initially, between 2012 to 2014, the market experienced a decline, but it started recovering from 2015 onwards with some yearly variations. The market witnessed notable growth from 2018, peaking in 2022 at a value of 96.663 million USD. The compound annual growth rate (CAGR) over the past 5 years is relatively modest but positive at 3.22%. The year-on-year change over the last two years indicates an average increase of 4.86%, showing a steady market recovery post-2020.
Future trends to watch for in this market include an increased demand for natural and organic products, a rising preference for sustainable packaging, and growing consumer awareness regarding personal hygiene. Additionally, the influence of lifestyle changes and economic factors such as per capita income growth will further shape the market dynamics.
How does the Philippines rank in Personal Deodorants and Antiperspirants Market Size Value?
| # | 59 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 2,091,500,000 | 2023 | +0.93% | +0.98% | View data |
| 2 | 2 United Kingdom | 1,026,800,000 | 2023 | +1.06% | -1.85% | View data |
| 3 | 3 Germany | 779,790,000 | 2023 | -0.32% | -0.98% | View data |
| 4 | 4 France | 675,390,000 | 2023 | -0.52% | -1.07% | View data |
| 5 | 5 Spain | 454,760,000 | 2023 | +1.84% | -1.19% | View data |
| 21 | 21 Ecuador | 103,130,000 | 2023 | +1.94% | +1.71% | View data |
| 22 | 22 Ukraine | 103,110,000 | 2023 | -0.43% | -0.11% | View data |
| 23 | 23 Philippines | 98,625,000 | 2023 | +2.03% | +2.72% | |
| 24 | 24 Hungary | 94,155,000 | 2023 | +1.89% | +0.29% | View data |
| 25 | 25 Sweden | 91,968,000 | 2023 | +0.15% | +0.2% | View data |
