Data - Page 2

Luxury is back in business with 7% growth in 2021

The personal luxury-goods segment reported vibrant growth in 2021 as markets rebounded from the global health pandemic. Worldwide value sales reached €288bn in 2021, or +7%, according to a new report from Bain & Company and this upward...

Dossier

Champagne: packaging innovations, consumer trends... where's the market headed?

Anchored in tradition, Champagne has nonetheless taken a proactive position in the area of packaging innovation and eco-design. In our dedicated Dossier, Luxe Packaging Insight looks at how the Champagne market is adapting to a post-pandemic...

Recovery ahead for the prestige beauty sector in France?

After a turbulent 2020, the prestige beauty market in France continued to suffer from the pandemic in 2021. However, according to the latest figures from NPD Group, the country’s selective beauty sales showed 9% growth last...

More turbulent times for supply chains in 2022, affirms KYU study

French consultancy KYU Associé’s third annual Supply Chain Risk Barometer, published this week, shows that the Covid-19 crisis combined with a strong rebound in consumption are amplifying what was already an acute situation facing supply...

Cognac sales outperform with 30.6% increase in 2021

Sales of Cognac increased in both value and volume in 2021, driven by demand in the US and China, according to industry association BNIC. Newer, dynamic markets like South Africa and Nigeria are boosting growth, while the cocktail culture...

Exclusive Study

Young French consumers & Champagne: what’s the future?

Is Champagne still attracting young consumers in France today? How often, where and why do they drink Champagne and how are alternatives like Prosecco or Cava impacting consumption? A study by scientific organization Mind Insights* reveals...

Covid-19 ushers in a new digital & innovation age for luxury

The 2021 edition of Deloitte’s Global Powers of Luxury Goods report takes stock of the impact of Covid-19 on the world’s luxury market. While sales were hard hit across the board – the top 100 luxury players saw their revenue fall from...

China luxury driven by post-90s & heavy-spending consumers

Mainland China’s luxury market is forecast to grow to RMB630bn ($94.1bn) in 2022, according to the 2021 Tencent x BCG China Digital Luxury Report.A better local shopping environment and changing spending habits are set to drive the 23%-25%...

French luxury study taps consumer perception

France’s hold on the luxury consumer’s mindset is assured for the foreseeable future, says a new report by Ifop-sociovision for French luxury association Comité Colbert. But there are also challenges to address, including changing...

“Full recovery for the fragrance market will be a marathon, not a sprint”

Market analyst Fragrances of the World’s latest data shows global fragrance launches down by 21% in the first nine months of 2021 versus 2020. The prestige segment has seen the biggest downturn, while luxury scents are accelerating their...