NEW YORK, June 2, 2022 /PRNewswire/ — The personal luxury goods market size is set to grow by USD 33.53 billion from 2020 to 2025, progressing at a CAGR of 3% according to the latest market report by Technavio. The personal luxury goods market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Coty Inc., Hermès International, Kering SA, LOreal SA, LVMH Moet Hennessy Louis Vuitton, PRADA Group, Ralph Lauren Corp., Compagnie Financière Richemont SA, Rolex SA, and The Estee Lauder Companies Inc. are some of the major market participants.
Coty Inc. – The company offers personal luxury goods under various brands.
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The competitive scenario provided in the Personal Luxury Goods Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don’t wait, Make a strategic approach & boost your business goals with our Personal Luxury Goods Market Forecast Report – Buy Now!
Personal Luxury Goods Market 2021-2025: Scope
Our personal luxury goods market report covers the following areas:
Personal Luxury Goods Market size
Personal Luxury Goods Market trends
Personal Luxury Goods Market industry analysis
Personal Luxury Goods Market 2021-2025: Drivers & Challenges
The increased demand for premium beauty products and cosmetics will offer immense growth opportunities, However, the increasing labor costs and fluctuating raw material prices will challenge the growth of the market participants. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.
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Personal Luxury Goods Market 2021-2025: Segmentation Analysis
Personal Luxury Goods Market 2021-2025: Revenue Generating Segment & Regional Analysis
The personal luxury goods market share growth in the accessories segment will be significant for revenue Generation.
48% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for personal luxury goods in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the personal luxury goods market size and actionable market insights on each segment.
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Personal Luxury Goods Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist personal luxury goods market growth during the next five years
Estimation of the personal luxury goods market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the personal luxury goods market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of personal luxury goods market vendors
The haircare market share in Japan is estimated to reach a value of USD 620.33 million from 2021 to 2026 at an accelerating CAGR of 2.21%. Download a sample now!
The foam-based beauty and personal care products market share is expected to increase by USD 2.04 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.3%. Download a sample now!
Personal Luxury Goods Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 3%
Market growth 2021-2025
USD 33.53 billion
YoY growth (%)
Performing market contribution
APAC at 48%
Leading companies, competitive strategies, consumer engagement scope
Coty Inc., Hermès International, Kering SA, LOreal SA, LVMH Moet Hennessy Louis Vuitton, PRADA Group, Ralph Lauren Corp., Compagnie Financière Richemont SA, Rolex SA, and The Estee Lauder Companies Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table Of Contents :
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
Five force summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
Accessories – Market size and forecast 2020-2025
Apparel – Market size and forecast 2020-2025
Hard luxury – Market size and forecast 2020-2025
Cosmetics – Market size and forecast 2020-2025
Others – Market size and forecast 2020-2025
Market opportunity by Product
APAC – Market size and forecast 2020-2025
North America – Market size and forecast 2020-2025
Europe – Market size and forecast 2020-2025
MEA – Market size and forecast 2020-2025
South America – Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
LVMH Moet Hennessy Louis Vuitton
Ralph Lauren Corp.
Compagnie Financière Richemont SA
The Estee Lauder Companies Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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