Retail market in the Philippines expected to make up 20% of the GDP by 2025

reogma|Retail market in the Philippines expected to make up 20% of the GDP by 2025

Secured by strong economic growth, consumer confidence with the Philippines is now at a 10-year high and it topped world rankings in 2016. This has driven strong economic growth and increasing purchasing power, modern retail in the Philippines is expanding rapidly.

  • Definition / Scope
  • Market Overview
  • Top Market Opportunities
  • Market Trends
  • Industry Challenges
  • Technology Trends
  • Pricing Trends
  • Other Key Market Trends
  • Market Size and Forecast
  • Market Outlook
  • Distribution Chain Analysis
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References

Definition / Scope

Retail is how producers of goods and services get their products to the consumer. Retailers often get their goods directly from the manufacturer. That is when a commodity becomes a finished product.

Retail Industry in Philippines is flourishing day by day in the country. Retail is expected to account for one-fifth of the country’s GDP by 2025, as the outsourcing industry helps boost the local economic growth.

Philippines is an island with a population exceeding almost 100 million and also second largest population in ASEAN region. It is also considered one of the largest growing economies in the world with a CAGR growth trajectory of 6% annually in near future.

The prime factor for the growth is the median age of the population which is 24.6 years. As it has the youngest population globally, it is the most attractive market for the consumption of goods and main reason why retail market has a very high scope to develop in the near future.

Increase in GDP alongside with the increasing consumer confidence is allowing consumers to spend more. There are two categories for the retail products: grocery and non-grocery items.

Grocery retailers are dominating the retail market because grocery items consist of essential commodities which every household needs to buy and thus, this category has a high demand.


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Secured by strong economic growth, consumer confidence with the Philippines is now at a 10-year high and it topped world rankings in 2016. This has driven strong economic growth and increasing purchasing power, modern retail in the Philippines is expanding rapidly. Definition / Scope Market Overview Top Market Opportunities Market […]
reogma|Retail market in the Philippines expected to make up 20% of the GDP by 2025reogma|Retail market in the Philippines expected to make up 20% of the GDP by 2025

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