Press release
Personal Luxury Goods Market Revenue to Worth USD 526 billion by 2029 2030- Exclusive Research Report by Arizton
Personal Luxury Goods Market Research Report by Arizton
Looking for More Information? Click: [https://www.arizton.com/market-reports/personal-luxury-goods-market]
Report Scope:
Market Size (2030): USD 526 Billion
Market Size (2024): USD 410 Billion
CAGR (2024-2030): 4.24%
Historic Year: 2021-2023
Base Year: 2024
Forecast Year: 2025-2030
Market Segmentation: Product Type, Price Range, Sales Channel, Offline, Online, End-Users, and Geography
Geographic Analysis: North America, Europe, APAC, Latin America, And Middle East & Africa
Market Overview
The personal luxury goods market is witnessing significant growth and transformation driven by advanced technology and the rising demand for sustainable materials across end-users. Leading brands are actively exploring innovative and eco-friendly alternatives to reduce carbon footprints and contribute to a greener future. For example, LVMH aims to significantly cut its carbon emissions by 2026 through extensive R&D in sustainable raw and recycled materials.
Moreover, the growing beauty and cosmetic industry in countries such as China, India, Indonesia, and Malaysia is boosting the personal luxury goods market. In 2024, the beauty & perfume segment in the APAC region is projected to grow at a CAGR of 8.87%. Consumers are increasingly seeking personalized and customized luxury products that reflect their identities, like Louis Vuitton's hot-stamped or hand-painted handbags. With the rising adoption of personal luxury goods, key players are transforming their offerings through R&D. In 2024, Lavie Luxe introduced a new perfume line featuring LUSH, LILY, LAGOON, and LOVE, each with 18% fragrance concentration. Additionally, brands are expanding in emerging markets. Hermes, for instance, opened new flagship stores in key Chinese cities like Shanghai and Beijing, further supporting global market growth.
Sustainable Luxury on the Rise: Brands Respond to Growing Consumer Demand
Sustainability is becoming an increasingly important factor in the personal luxury goods market, The personal luxury goods market is undergoing a powerful shift, as sustainability becomes a central focus for both brands and consumers. With growing awareness around the environmental and ethical impacts of their purchases, today's consumers are seeking luxury products that reflect their values, driving unprecedented demand for sustainable materials and responsible practices.
Leading the way are luxury brands that are reimagining their product lines through the lens of sustainability and circular design. Consumers are showing increased interest in luxury goods made from eco-conscious materials like organic cotton, recycled polyester, bamboo, and even regenerated fabrics. Gucci, for example, was a pioneer in adopting ECONYL Registered , a 100% recycled nylon crafted from fishing nets, textile scraps, and carpet fibers within its ready-to-wear collections. Beyond materials, ethical sourcing and positive social impact are becoming equally important to luxury consumers. In 2023, Prada's Re-Nylon initiative set a benchmark in ethical fashion by converting ocean plastic waste into regenerated nylon, while also pledging 1% of its Re-Nylon revenue to the SEA BEYOND project-an ocean conservation and education initiative. As brands continue to align with circular economy principles and transparency, the personal luxury goods market is expected to experience sustained growth, reshaping the future of fashion through sustainability and innovation.
Recent developments
* In 2025, Hermes launched the Rouge Hermes Silky Lipstick Shine, a luxurious lipstick inspired by the brand's iconic silk scarves. Priced at 63 euro, the lipstick features a refillable design, magnetic closure, and a glossy, hydrating finish. It has quickly become a coveted beauty item, embodying Hermes commitment to craftsmanship and elegance.
* In 2024, Dolce & Gabbana ventured into pet luxury by introducing Fefe which is a perfume designed specifically for dogs. It is a alcohol-free fragrance certified under the Italian Bureau Veritas Safe Pet Cosmetics specifications.
Transforming Luxury Retail: The Surge of Online Shopping Experiences
The luxury e-commerce space is experiencing remarkable growth, driven by the global expansion of digital connectivity. As per the U.S. Census Bureau, retail e-commerce sales in Q3 2024 reached an estimated $300.1 billion, up 2.6% from the previous quarter, showcasing steady momentum in online shopping.With the widespread use of smartphones and faster internet, consumers now enjoy easier access to luxury goods through digital platforms. To keep up with shifting consumer behaviors, luxury brands are prioritizing online presence and customer engagement.
A notable example is Gucci, which revamped its e-commerce site in 2024 for the first time in over a decade, signaling a renewed focus on digital innovation. Similarly, Dior emerged as the most sought-after luxury brand online in 2023, thanks to its strategic investments in e-commerce, social media, and digital marketing, particularly boosting visibility and sales in key markets like the U.S. and China. Adding to this digital transformation, luxury retailers are integrating cutting-edge technologies such as augmented reality (AR) and virtual reality (VR) to elevate the customer experience.
Timeless Luxury: Watches & Jewellery Power Expansion Across Global Markets
The watches and jewellery segment remains the leading force in the global personal luxury goods market, supported by a strong tradition of craftsmanship and growing consumer interest in luxury timepieces and fine jewellery. The Asia-Pacific (APAC) region is the fastest-growing market, driven by an expanding male customer base and the increasing presence of brand-owned boutiques. In 2024, APAC is expected to hold a significant 38.66% share of the watches and jewellery market revenue. Cultural factors also contribute to growth, especially in countries like India, where gold plays an important role in weddings, festivals, and religious customs. Industry players are investing to meet rising demand. For example, in 2023, Swarovski Created Diamonds launched its Galaxy collection in the US and Canada, inspired by cosmic themes and designed by Global Creative Director Giovanna Engelbert. These developments are driving growth in the watches and jewellery segment and strengthening its position within the personal luxury goods market.
Key Company Profiles
* LVMH
* Kering
* Richemont
* Hermes
* Rolex
* The Estee Lauder Companies Inc.
* Prada Group
* The Swatch Group Ltd
* Signet Jewelers
* Pandora
Other Prominent Company Profiles
* Cartier
* Harry Winston
* CAPRI HOLDINGS
* Armani Group
* L'Oreal Group
* Charlotte Tilbury
* Chow Tai Fook Jewellery Company Limited
* Swarovski
* Burberry
* Valentino
* Ralph Lauren Corporation
* Calvin Klein
* SK-II
* Lancome
* David Yurman
* Grown Brilliance
* ALEX AND ANI
* Alexis Bittar
* BaubleBar
* Ben-Amun
* Brilliant Earth
* Catbird
* Chanel
* Chan Luu
* Dorsey
* Fantasia by DeSerio
* Gorjana
* Graff
* Ippolita
* John Hardy
Segmentation & Forecasts
Product Type
* Watches & Jewelry
* Beauty & Fragrances
* Handbags & Accessories
* Apparels
* Footwear
* Eyewear
Price Range
* Accessible Luxury
* Premium
* Super Luxury
Sales Channel
* Offline
* Online
Offline
* Mono-brand
* Retail Stores
* Outlets
* Travel Retail
Online
* Indirect Sales
* Direct Sales
End-users
* Women
* Men
* Children
Geography
APAC
* China
* Japan
* South Korea
* India
* Australia
* Indonesia
North America
* The U.S.
* Canada
Europe
* Germany
* The U.K.
* France
* Italy
* Spain
* Sweden
Latin America
* Brazil
* Mexico
* Argentina
* Chile
Middle East & Africa
* UAE
* Saudi Arabia
* South Africa
* Turkey
In a nutshell, the Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the personal luxury goods market. Request for Free Sample to get a glance of the report now: [https://www.arizton.com/market-reports/personal-luxury-goods-market]
Other Related Reports that Might be of Your Business Requirement
U.S. Luxury Resale Market Research Report 2025-2030
[https://www.arizton.com/market-reports/us-luxury-resale-market]
Europe Luxury Fashion Market - Focused Insights 2025-2030
https://www.arizton.com/market-reports/europe-luxury-fashion-market-size
What Key Findings Will Our Research Analysis Reveal?
* How big is the global personal luxury goods market?
* What is the growth rate of the global personal luxury goods market?
* What are the significant trends in the personal luxury goods industry?
* Which region dominates the global personal luxury goods market share?
* Who are the key players in the global personal luxury goods market?
* How big is the global personal luxury goods market?
* What is the growth rate of the global personal luxury goods market?
* Which region dominates the global personal luxury goods market share?
* What are the significant trends in the personal luxury goods industry?
* Who are the key players in the global personal luxury goods market?
Why Arizton?
100%Customer Satisfaction
24x7availability - we are always there when you need us
200+Fortune 500 Companies trust Arizton's report
80%of our reports are exclusive and first in the industry
100%more data and analysis
1500+reports published till date
Post-Purchase Benefit
* 1hr of free analyst discussion
* 10% off on customization
About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=personal-luxury-goods-market-revenue-to-worth-usd-526-billion-by-2029-2030-exclusive-research-report-by-arizton]
Phone: +1 3122332770
Country: United States
Website: https://www.arizton.com/market-reports/personal-luxury-goods-market
Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Personal Luxury Goods Market Revenue to Worth USD 526 billion by 2029 2030- Exclusive Research Report by Arizton here
News-ID: 4031920 • Views: …
More Releases from ABNewswire
From Roofer to Billion-Dollar Visionary, Jeremy Roma
Image: https://www.abnewswire.com/upload/2025/09/cda5f64c79b6074b76c4a328460bc817.jpgWe've all faced moments when life seemed to push us to our breaking point. For most people, those moments define their limits. For Jeremy Roma, they became the fuel that ignited one of the most inspiring comeback stories in modern entrepreneurship.
Jeremy's story isn't one of privilege or luck. It's a tale of grit, perseverance, and an unwavering belief that we are all born to do what's never been done…
K L Sanchez Law Office, P.C. Highlights Dedicated Team of Queens Ladder Accident …
Queens, New York - K L Sanchez Law Office, P.C. (https://accidentlawyer-queens.com/queens-ladder-accident-lawyer/) announced a focused initiative to serve construction workers and families affected by elevated falls, with a dedicated team of Queens ladder accident lawyers addressing investigations, claims, and litigation under New York Labor Law. The firm is prioritizing timely case evaluation, preservation of evidence, and coordinated medical documentation to support injured workers seeking recovery after ladder accidents on active job…
Juan Luciano Divorce Lawyer Discusses Non-Consummation Annulments In New York
New York, NY - Juan Luciano Divorce Lawyer (https://divorcelawfirmnyc.com/am-i-entitled-to-an-annulment-in-new-york-if-my-marriage-has-not-been-consummated/) announced an informational initiative led by a seasoned Manhattan annulment attorney to clarify when lack of consummation may support an annulment under New York law. The firm's latest resource explains that non-consummation alone does not invalidate a marriage in New York and outlines the narrow circumstances in which courts may grant relief.
In New York, annulment differs from divorce by treating a…
Marketing Expert Reveals How "Boring" Businesses Generated $253K in 6 Months Usi …
Internet marketing strategist Tony Hayes releases a comprehensive newsletter edition exposing unconventional profit strategies in overlooked industries. The latest edition features 18 actionable case studies, including a breakthrough automation agency that scaled from a hobby project to $253K monthly revenue by targeting traditional businesses like law firms and dental practices instead of trendy tech startups.
Marketing Expert Reveals How "Boring" Businesses Generated $253K in 6 Months Using AI Automation
Internet marketing strategist…
More Releases for Luxury
Global Luxury Watch Market, Global Luxury Watch Industry, Covid-19 Impact Global …
Luxury watch is a specific type of an exclusive high-end watch that has better quality of products and flawless methods used in the manufacturing process for the same. Various inventive advertising methods combined with advanced products presented by the manufacturers have created a dizzying demand for the product. These watches are a minimal improvement over conventional clocks, with sophisticated functions and features that result in their great value. In addition,…
Luxury Travel Market Is Expected To Witness Faster Growth Throughout By Type Of …
Acumen Research and Consulting has announced the addition of the "Luxury Travel Market” report to their offering.
The Luxury Travel Market Report 2018 is an in depth study analyzing the current state of the Luxury Travel Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Luxury Travel Market provides analysis of China market covering the industry trends, recent…
worldwide luxury market comprises of nine sectors including personal luxury good …
The worldwide luxury market comprises of nine sectors including personal luxury goods, personal cars, luxury hospitality, fine food, luxury cruises, fine wine and spirits, private jet, yachts and luxury furniture. Out of these sectors, luxury furniture has exhibited huge market attractiveness everywhere throughout the world. Luxury furniture raises the artistic value of hotels, restaurants, offices and homes notwithstanding different indoor and outdoor spaces. In the course of recent years, the…
Luxury Cars Rental Market Report 2018: Segmentation by Type (Compact Luxury Cars …
Global Luxury Cars Rental market research report provides company profile for Avis Budget Group, Inc., Sixt Rent-A-Car, Enterprise Rent-A-Car, The Hertz Corporation, Europcar, Al-Futtaim Group, Carzonrent, Localiza Rent A Car, Eco Rent A Car and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate,…
Luxury Apparels Market:E-commerce Spearheads Luxury Fashion Movement; Trends 201 …
Since the historic times, only the rich could afford luxury apparels. Reserved for the elite class, the luxury apparels market has boasted an esteemed clientele comprising the high net worth individuals. However, over the years several designers and fashion brands have started reaching out the broader range of customers through affordable products. Big brands such as Louis Vuitton, Prada, and Versace are expanding to developing economies, which has not only…
Power Meets Luxury - MTM-Klassen T300 Business Luxury Van
The 83rd International Motor Show in Geneva will see a world premiere in the luxury sector with the first ever presentation for the press of the MTM-Klassen T300 Business Luxury Van since Tuesday March 5th 2013. “Power meets luxury” – there is no doubt that the introduction of the unique Business Luxury Van, at 2pm in front of the MTM-Klassen Stand 2045 in Hall 2, is one of the…
