Retail Market in the Philippines 2022-2026

Retail Market in the Philippines 2022-2026

Technavio has been monitoring the retail market in the Philippines and it is poised to grow by $ 70.67 bn during 2022-2026, progressing at a CAGR of 11.68% during the forecast period. Our report on the retail market in the Philippines provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing demand for convenience food products and the growing popularity of private-label brands. In addition, the growing demand for convenience food products is anticipated to boost the growth of the market as well.

The retail market in the Philippines analysis includes the product and distribution channel segments.

Technavio's retail market in the Philippines is segmented as below:

By Product

• Food and beverages
• Personal and household care
• Apparel and footwear
• Electrical and electronics
• Others

By Distribution Channel

• Offline
• Online

This study identifies the rising prominence of in-store bakeries in supermarketsas one of the prime reasons driving the retail market growth in the Philippines during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on retail market in the Philippines covers the following areas:

• Retail market sizing
• Retail market forecast
• Retail market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading retail market vendors in the Philippines that include Amazon.com Inc., Cosco Capital Inc., Fast Retailing Co. Ltd., Mercury Drug Corp., Metro Retail Stores Group Inc., New City Commercial Corp, Robinsons Retail Holding Inc., Seven and i Holdings Co. Ltd., SM Investments Corp, and SSI Group Inc. Also, the retail market in the Philippines analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.