Market Insights Consumer Luxury Goods Prestige Cosmetics & Fragrances

Prestige Cosmetics - Guatemala

Guatemala

In Guatemala, the revenue in the Prestige Cosmetics market reaches a substantial amount of US$34.62m in the year 2024.
It is projected that the market will experience a steady annual growth rate of 1.02% (CAGR 2024-2028).
When comparing this market to the global scale, in the United States stands out as the leader, generating a remarkable revenue of US$5,284m in 2024.
Looking at the ratio of revenue to population, it is estimated that in 2024, each individual in Guatemala contributes to the industry with US$1.89 in revenue.
In Guatemala, the demand for high-end cosmetics is on the rise, with consumers increasingly seeking prestige brands for luxury and status.

Key regions: Italy, Russia, United Kingdom, France, South Korea

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The Prestige Cosmetics market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Prestige Cosmetics industry.