Market Insights Consumer Luxury Goods Prestige Cosmetics & Fragrances

Prestige Fragrances - ASEAN

ASEAN

In 2024, the Prestige Fragrances market in ASEAN is projected to generate a revenue of US$1.00bn.
This market is expected to experience an annual growth rate of 4.00% (CAGR 2024-2028).
When compared to other countries globally, in the United States leads in terms of revenue generation, with an estimated amount of US$3,152m in 2024.
In relation to the total population, per person revenues amount to US$1.45 in 2024.
In the ASEAN region, the demand for prestige fragrances has been steadily increasing, with consumers in countries like Singapore and Malaysia showing a strong preference for luxury perfume brands.

Key regions: China, France, South Korea, Russia, United States

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Methodology

The Prestige Fragrances 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 Fragrances industry.