Nina Jobst
Research expert covering South Korea
Prestige/luxury beauty market in the U.S. - statistics & facts
Every day consumers are given the opportunity to test and choose from not only many types of products and brands, but also from different price ranges, and the prestige/luxury beauty industry attracts several shoppers worldwide each year. In 2024, the global prestige cosmetics market generated revenues of about 24 billion U.S. dollars, and this value was forecast to keep on increasing up to around 29 billion U.S. dollars by 2029. Growth was forecasted also for the United States, which currently is one of the leading markets in the industry: revenues are expected to reach a value of nearly 14 billion U.S. dollars by 2029. In the United States, prestige cosmetics and fragrances make up the largest share of this market, followed by prestige skin care.
