PROSPECTS AND OPPORTUNITIES
Personalisation will be an ongoing trend across luxury categories
Personalisation will be an ongoing trend across luxury categories over the forecast period. Indeed, consumers are increasingly demanding a personal touch across various product categories and services, driven by a combination of rising disposable incomes and a cultural emphasis on individuality and status.
Success of international luxury brands hinders growth of local options
International luxury brands continue to be those best known in the Philippines, which hinders the potential growth of local brands in this space. Indeed, the high-end shopping districts offer the most sought after international names, which are perceived to be the epitome of prestige and status.
Ongoing demand for sustainable materials and “meaningfulness”
The increasing demand for sustainable materials in luxury fashion reflects a significant shift in consumer behaviour, driven by heightened environmental awareness. Many consumers, particularly younger demographics, favour brands which demonstrate a commitment to ethical production and sustainability.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Philippines 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 Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Personal Luxury in Philippines report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Personal Luxury in Philippines?
- Which are the leading brands in Personal Luxury in Philippines?
- How are products distributed in Personal Luxury in Philippines?
- How important is tourism in evaluating demand for Personal Luxury in Philippines?
- How is the rise of e-commerce changing the retail and competitive landscape?
- How has COVID-19 and global recession impacted demand for luxury goods? What are the opportunities amidst the adversity?
- Where is future growth expected to be most dynamic?
Personal Luxury in the Philippines - Category analysis
KEY DATA FINDINGS
Designer apparel and footwear (ready-to-wear) benefits from both digitisation and “Quiet Luxury”
Luxury eyewear gets the personal touch and incorporates AI
Luxury jewellery benefits from influencer marketing
Luxury leather goods see a sustainable makeover
Luxury wearables gain smart functions in line with technology developments
Rolex remains seen as the king of luxury timepieces
Luxury writing instruments and stationery offer affordable status symbols
Super premium beauty and personal care continues to benefit from post-pandemic boom
Personalisation will be an ongoing trend across luxury categories
Success of international luxury brands hinders growth of local options
Ongoing demand for sustainable materials and “meaningfulness”
Luxury Goods in the Philippines - Industry Overview
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
DISCLAIMER
The following categories and subcategories are included:
Personal Luxury
-
-
- Men's Designer Apparel
- Women's Designer Apparel
- Designer Childrenswear
- Designer Clothing Accessories and Hosiery
-
- Children's Designer Footwear
- Men's Designer Footwear
- Women's Designer Footwear
-
-
- Luxury Spectacle Frames
-
- Men's Luxury Sun Glasses
- Women's Luxury Sun Glasses
-
- Luxury Costume Jewellery
-
- Men's Luxury Fine Jewellery
- Women's Luxury Fine Jewellery
-
-
- Men's Luxury Bags and Small Leather Goods
- Women's Luxury Bags and Small Leather Goods
- Luxury Travel Goods
-
- Luxury Wearables Electronics
-
- Men's Luxury Timepieces
- Women's Luxury Timepieces
- Luxury Writing Instruments and Stationery
-
- Super Premium Colour Cosmetics
- Super Premium Fragrances
- Super Premium Skin Care
- Other Super Premium Beauty and Personal Care
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 definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Personal Luxury research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!