Market Insights Consumer Luxury Goods Prestige Cosmetics & Fragrances

Prestige Fragrances - South Korea

South Korea

In South Korea, the revenue generated in the Prestige Fragrances market is valued at €206.70m in the year 2024.
According to projections, this market is anticipated to experience an annual growth rate of 5.20% (CAGR 2024-2028).
When comparing this data on a global scale, it is noteworthy that in the United States generates the highest revenue in this segment, reaching a staggering €2,881m in 2024.
Additionally, in terms of per capita figures, each individual in South Korea contributes approximately €4.00 in revenue to the Prestige Fragrances market in 2024.
In South Korea, the demand for prestige fragrances is driven by the growing popularity of K-beauty and the emphasis on personal grooming.

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.