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 30 billion U.S. dollars by 2030. Growth was forecasted also for the United States, which currently is one of the leading markets in the industry: prestige cosmetics and fragrances revenues are expected to reach a value of nearly 19 billion U.S. dollars by 2029. In the United States, prestige cosmetics remain the largest segment of this market, followed by fragrances and skin care.
