According to Cognitive Market Research, The Global Luxury Fashion Market size is USD 104.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.
The demand for luxury fashion market is increasing communication between consumers and key players through social media
Demand for apparel remains higher in the Luxury Fashion Market.
The online category held the highest Luxury Fashion Market revenue share in 2023.
Asia Pacific luxury fashion market will continue to lead, whereas the European Luxury Fashion Market will experience the most substantial growth until 2030.
