Market Insights Consumer Luxury Goods Prestige Cosmetics & Fragrances

Prestige Cosmetics - Asia

Asia

In 2024, the revenue in the Prestige Cosmetics market in Asia amounts to €10.44bn.
According to projections, the market is expected to grow annually by 5.45% from 2024 to 2028 (CAGR 2024-2028).
When compared globally, in the United States generates the highest revenue in this segment, amounting to €4,900m in 2024.
In terms of per person revenues, in 2024, each individual in Asia generates €2.30.
In South Korea, the demand for prestige cosmetics is skyrocketing, with consumers seeking innovative skincare products and makeup brands.

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

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Methodology

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.