Data - Page 2
China’s luxury market share almost doubles in 2020
The luxury-goods market in mainland China is forecast to grow 48% to almost $53.6bn in 2020 with leather goods and jewelry the most in-demand categories, according to a report from Bain & Company and Tmall. Boosted by an increase in domestic[…]
France’s premium fragrance sales fare better than selective beauty overall
The market may have seen sales of premium perfumes plummet between January and end October of 2020, but the category's online sales increased by 41% during the same period, says NPD data. While premium fragrance sales in France saw a[…]
Covid-19: a catalyst for change for luxury, says Bain & Company
Heavily impacted by the covid-19 crisis, the luxury goods industry will have seen a double-digit sales decline in 2020 with profitability hard hit, highlights a report from Bain & Company published this month. However, the market is set to[…]
Luxury takes off as China’s economy bounces back
China’s GDP grew 4.9% year-on-year in the third quarter as it continues to bounce back from the coronavirus pandemic, figures from the country’s National Bureau of Statistics show, yet recovery in retail consumption has been slower. The luxury[…]
Glass half full for New World whiskies
Shaking up the segment and attracting new consumers, New World whisky is set for a bright future, according to a white paper from Distill Ventures*. New World whisky is defined as whisky that is either not produced in Scotland, Ireland, Canada,[…]
Fragrance leads UK prestige beauty recovery
Fragrance is at the forefront of the prestige beauty market’s recovery in the UK, according to new data from The NPD Group. While fragrance sales dropped -67% during lockdown (12 weeks from March 22 –June 13, 2020) compared to the same period in[…]
Asia-Pacific leads in retail’s post-covid digital transformation
The Covid-19 health crisis has seen retailers accelerate their digital transformation as they mine new technologies in response to novel consumption patterns. Nowhere is this shift more evident than in Asia-Pacific, which is at the forefront of[…]
The makeup market in figures
According to Mintel, which tracks all retail channels (physical and online, from mass to selective), the US makeup market was worth $11.13bn in 2019, an increase of 1.2% compared with 2017. Representing 45% of the market, the face segment[…]
China make-up market to see +8% CAGR through 2024, says GlobalData
Chinese consumers are spelling big opportunities for luxury makeup brands as the market is forecast to reach $8.8bn in 2024, according to GlobalData. The research firm’s new report, China Make-Up – Market Assessment and Forecasts to 2024,[…]
China’s luxury & beauty sales rebound, says Luxurynsight report
With China’s gradual economic recovery and consumption getting back on track, luxury and beauty are witnessing a fast rebound at retail in the country, according to a just-published report from research firm Luxurynsight. However, with the[…]
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Key Figures
40%
The percentage of annual fragrance sales done in the fourth quarter. Fragrance sales in December, especially during Christmas week, can be 25% to 100% higher than any other time of the year. (source: The NPD Group)