Market Insights Consumer Luxury Goods Prestige Cosmetics & Fragrances

Prestige Fragrances - Asia

Asia

In the year 2024, the revenue generated in the Prestige Fragrances market in Asia amounts to a substantial US$5.61bn.
It is projected that this market will experience an annual growth rate of 3.95% from 2024 to 2028 (CAGR 2024-2028).
When compared to other countries around Worldwide, in the United States leads the pack in terms of revenue generated in the Prestige Fragrances market, with a staggering US$3,152m in 2024.
Taking into consideration the population figures, the per person revenue in Asia for the year 2024 stands at US$1.23.
This indicates the significant economic impact and consumer demand for Prestige Fragrances market in the region.
In Asia, the demand for prestige fragrances in Japan is driven by a cultural emphasis on personal grooming and luxury.

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.