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.
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.
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.
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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.
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 DefinitionsThis report originates from Passport, our Personal Luxury research and analysis database.
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