Market Insights Consumer Luxury Goods Prestige Cosmetics & Fragrances

Prestige Fragrances - Philippines

Philippines

According to the latest data, the revenue of the Prestige Fragrances market in the Philippines is projected to reach US$287.10m in 2024.
Based on the estimated compound annual growth rate (CAGR) for the period 2024-2028, the market is expected to grow by 3.41% annually.
In terms of global comparison, it is worth noting that in the United States generates the highest revenue in the Prestige Fragrances market, with a total of US$3,152m in 2024.
This highlights the significant market presence and dominance of the United States in this industry.
When considering the revenue generated per person, it is interesting to observe that in 2024, the per person revenue in the Philippines amounts to US$2.41.
This figure provides insight into the average spending on Prestige Fragrances market by individuals in the country.
"The Philippines has seen a growing demand for luxury fragrances, with local consumers increasingly seeking high-end, exclusive scents."

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.