Bain Luxury Report 2024 Pdf May 2026
In 2024, the global luxury market reached approximately €1.5 trillion, remaining relatively flat with an estimated growth rate between -1% and 1%. The year was marked by a "normalization" phase following the post-pandemic boom, characterized by a significant shift in consumer spending from tangible goods to luxury experiences. Key Market Performance
Showed relative resilience; the US saw "green shoots" toward the end of the year, while Europe was buoyed by tourism, especially in Italy and Spain. Category Highlights: Beauty & Eyewear: The fastest-growing categories ( ) as consumers looked for "small indulgences". bain luxury report 2024 pdf
- The global luxury market grew by 5-7% in 2022, driven by the recovery of tourism and the growth of e-commerce.
- The Asia-Pacific region accounted for over 40% of the global luxury market in 2022.
- Sustainability and social responsibility are becoming increasingly important for luxury consumers, with over 70% of consumers considering these factors when making purchasing decisions.
Total Market Size: The global luxury market is projected to reach approximately €1.5 trillion in 2024, remaining relatively flat compared to 2023 (growth between -1% and 1%). In 2024, the global luxury market reached approximately
Below is a summary of the report's key findings, suitable for a blog post or industry update. The "New Normal": A Market in Transition The global luxury market grew by 5-7% in
Luxury in Transition: Securing Future Growth - Bain & Company
