The Philippine beauty industry is projected to see up to 10% growth in sales this year, according to a report by Philstar.com.
The growth is attributed to increased consumer spending on skincare and cosmetics, as well as the rapid expansion of online sales channels. Local brands have also gained traction, contributing to the sector's resilience.
Industry experts expect the upward trend to continue, supported by rising disposable incomes and a growing beauty-conscious population. The performance aligns with broader retail growth in the country.