Personal Luxury goods market
The Personal Luxury Goods (PLG) Market has already bounced back
- Personal Luxury Goods Market is worth € 283b in 2021 and we expect it to reach € 370b in 2025, with a CAGR of 6,9%
- The sector is already returned to pre-pandemic levels, mostly driven by super luxury brands
- The key growth drivers for the next future are the further expansion of the Chinese customer base, the development of online sales channel and the generational shift towards Gen Y and Z.
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