Market Insights Consumer Luxury Goods Prestige Cosmetics & Fragrances

Prestige Cosmetics - Russia

Russia

In Russia, the Prestige Cosmetics market generated a revenue of €472.80m in 2024.
It is projected to experience an annual growth rate of 2.69% (CAGR 2024-2028).
In comparison to other countries worldwide, in the United States leads with a revenue of €4,900m in 2024.
Looking at the population, the per person revenue in Russia amounts to €3.29 in 2024.
In Russia, there is a growing demand for luxury cosmetics brands, with consumers willing to pay a premium for high-quality products.

Key regions: Italy, Russia, United Kingdom, France, South Korea

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Methodology

The Prestige Cosmetics market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Prestige Cosmetics industry.