Personal luxury is slated for a current value CAGR of 61% (14% constant value CAGR) over the forecast period, with sales set to reach ARS1.2 trillion by 2028.
The forecast period is expected to see super premium beauty and personal care remain the largest category in personal luxury over the forecast period, with a CAGR of 67% in current value terms (18% 2023 constant value terms) set to result in sales of ARS811.1 billion in 2028.
In addition to remaining the largest category of luxury goods in Argentina, super premium beauty and personal care is expected to be the best performing category over the forecast period, with sales set to increase at a current value CAGR of 67% (18% 2023 constant value CAGR). While pressure on disposable incomes as a result of the economic crisis and high inflation continued to diminish the size of the consumer bases in various categories of luxury goods, the relatively low retail selling prices of many items of super premium beauty and personal care mean that the impact of the economic crisis on the category has been less severe than in other areas of the luxury goods industry.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Argentina with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Personal Luxury industry in Argentina, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Personal Luxury
This is an aggregation of Designer Clothing and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Timepieces, Luxury Leather Goods, Luxury Writing Instruments and Stationery, Luxury Portable Consumer Electronics and Super Premium Beauty and Personal Care.
See All of Our DefinitionsThis report originates from Passport, our Personal Luxury research and analysis database.
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