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Retail Industry in Philippines - Major trends, Growth and Opportunities (2020 - 2025)

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Philippines is always a disaster prone country and thus consumption of FMCG goods can increase or decrease suddenly. Philippines retail market is driven by large and young consumer’s market base and an expanding middle class with high disposable income. The retail industry in Philippines continues to maintain its momentum, driven by economic and social developments and population growth. Key factors in the growth of retail industry are rising population, growing youth segment, changing consumer trends and rising purchasing power. Retail industry in the Philippines region will expand at a CAGR of 8.3% over 2013-18.

Most of the consumers in Philippines prefers cheap and best goods. The traditional Sari-Sari convenience stores (Variety stores) dominates the market because the demand is mostly of cheap goods.

Philippines retail sector is driven by rising income, consumer confidence and increasing high net worth Individuals. Majority of Philippines’s have relatively low income, because of less agricultural production and disaster prone location. Instead of spending people tends to save more money.

What the report offers

The study elucidates the situation of Philippines and predicts the growth of its Retail Industry. Report talks about growth, market trends, progress, challenges, opportunities, technologies in use, growth forecast, major companies, upcoming companies and projects etc. in the Retail sector of Philippines. In addition to it, the report also talks about economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on the growth of this sector. Lastly, the report is segmented by various types’ Retail available in the country.

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