The COVID-19 pandemic has fueled consumer interest in natural and sustainable cosmetics and personal care products, thereby fueling a trend for ‘clean’ beauty products, according to GlobalData. According to the data and analytics firm, this trend will propel the Philippines’ skincare market from PHP 51.8 billion (USD 1.1 billion) in 2021 to PHP 74.8 billion (USD 1.5 billion) by 2026, at a compound annual growth rate (CAGR) of 7.7%.
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