Market Insights Consumer Luxury Goods Prestige Cosmetics & Fragrances

Prestige Fragrances - Luxembourg

Luxembourg

in Luxembourg, a country known for its affluent population, has witnessed a significant revenue growth in the Prestige Fragrances market.
In 2024, the revenue in this market segment amounted to US$11.97m.
This figure is expected to grow steadily at an annual rate of 3.05%, calculated as the compound annual growth rate (CAGR) from 2024 to 2028.
When compared to the global market, it is worth noting that in the United States leads the way in revenue generation.
In 2024, in the United States generated an impressive revenue of US$3,152m.
This indicates the dominance of the US market in the Prestige Fragrances market.
To put things into perspective, it is interesting to consider the per person revenues generated in Luxembourg.
In 2024, each individual in Luxembourg contributed US$18.09 in revenue to the Prestige Fragrances market.
This figure highlights the high purchasing power and demand for luxury fragrances among the population of this small yet affluent country.
Despite its small size, Luxembourg has a thriving market for prestige fragrances, with luxury brands catering to the country's affluent population.

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

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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.