Philippines: vitamins & minerals market revenue 2020-2029

The revenue in the 'Vitamins & Minerals' segment of the otc pharmaceuticals market in the Philippines was forecast to continuously increase between 2024 and 2029 by in total 321.2 million U.S. dollars (+56.82 percent). After the ninth consecutive increasing year, the indicator is estimated to reach 886.43 million U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Vitamins & Minerals' segment of the otc pharmaceuticals market was continuously increasing over the past years.

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Revenue of the vitamins & minerals market in the Philippines from 2020 to 2029 (in million U.S. dollars)

Characteristic	Revenue in million U.S. dollars
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Supplementary notes

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.
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