Luxury Goods Market Size, Growth, Trends | Overview [2030]

The Luxury Goods market was valued at USD 274.2 billion in 2023 and is projected to grow to USD 388.4 billion by 2030, with a compound annual growth rate (CAGR) of 5.1% from 2024 to 2030. The luxury goods market is currently being influenced by changing consumer preferences and economic factors. There is a growing demand for sustainable and ethically produced items, leading brands to prioritize eco-friendly practices and transparency