Market Insights Consumer Luxury Goods Prestige Cosmetics & Fragrances

Prestige Cosmetics - Philippines

Philippines

In the Philippines, the revenue generated in the Prestige Cosmetics market in 2024 amounts to €184.30m.
It is projected that the market will experience an annual growth rate of 4.25% (CAGR 2024-2028).
When compared globally, in the United States leads in terms of revenue generation with €4,831m in 2024.
Looking at the per person revenues in 2024, it can be observed that €1.55 is generated in relation to the total population figures.
In the Philippines, the prestige cosmetics market is experiencing a surge in demand due to the growing influence of social media influencers and beauty vloggers.

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.