The revenue change in the 'Vitamins & Minerals' segment of the otc pharmaceuticals market in the Philippines was forecast to decrease between 2024 and 2029 by in total 1.3 percentage points. This overall decrease does not happen continuously, notably not in 2026 and 2027. The indicator is estimated to amount to 8.32 percent in 2029.
Data provided by Statista Market Insights are estimates.
Definition: The Vitamins and Minerals market comprises over-the-counter natural and synthetic food supplements like multivitamin preparations, minerals, vitamins, tonics and cod liver oil. Vitamins and minerals include preparations in the form of capsules, dragees, pills, granulate, ampoules, solutions, powders, syrups for oral use. Not included are prescription medicines, preparations that are not explicit food supplement drugs (e.g. muscle-building preparations) or primarily serve cosmetic purposes. Among the top-selling vitamin and mineral products are Vitasprint, Orthomol, magnesium granulate, Curazink, Centrum. It includes both products which are exclusively sold in pharmacies and products which can be purchased elsewhere. Sales by hospitals are not included.
Additional information: The market comprises revenues, average revenue per capita. Sales channels show online and offline revenue. Revenues include VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included. For more information on the data displayed, use the info button next to the boxes.
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Statista. (April 8, 2024). Revenue growth of the vitamins & minerals market in the Philippines from 2019 to 2029 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/forecasts/1197306/revenue-growth-vitamins-and-minerals-philippines
Statista. "Revenue growth of the vitamins & minerals market in the Philippines from 2019 to 2029." Chart. April 8, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/forecasts/1197306/revenue-growth-vitamins-and-minerals-philippines
Statista. (2024). Revenue growth of the vitamins & minerals market in the Philippines from 2019 to 2029. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/forecasts/1197306/revenue-growth-vitamins-and-minerals-philippines
Statista. "Revenue Growth of The Vitamins & Minerals Market in The Philippines from 2019 to 2029." Statista, Statista Inc., 8 Apr 2024, https://www.statista.com/forecasts/1197306/revenue-growth-vitamins-and-minerals-philippines
Statista, Revenue growth of the vitamins & minerals market in the Philippines from 2019 to 2029 Statista, https://www.statista.com/forecasts/1197306/revenue-growth-vitamins-and-minerals-philippines (last visited November 21, 2024)
Revenue growth of the vitamins & minerals market in the Philippines from 2019 to 2029 [Graph], Statista, April 8, 2024. [Online]. Available: https://www.statista.com/forecasts/1197306/revenue-growth-vitamins-and-minerals-philippines