The handbags market share in Brazil is expected to increase by USD 834.68 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 9.26%.
This handbags market in Brazil research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the handbags market in Brazil segmentation by distribution channel (offline and online) and product type (clutches and wallets, shoulder bags, satchels and saddles, and totes). The handbags market in Brazil report also offers information on several market vendors, including Arezzo COAREZZO INDUSTRIA E COMERCIO SA, ARTIFACT, BAGGU, Botkier, Brynn Capella Inc., Capri Holdings Ltd, CHANEL Ltd., Clare V, Dolce and Gabbana Srl, Etsy Inc., GiGi New York, Giorgio Armani S.p.A., Hermes International SA, LVMH Moet Hennessy Louis Vuitton SE, Mulberry Group Plc, Olivela Inc., Prada Spa, Shiraleah Chicago, Tapestry Inc., and Tory Burch LLC among others.
What will the Handbags Market Size in Brazil be During the Forecast Period?
Download Report Sample to Unlock the Handbags Market Size in Brazil for the Forecast Period and Other Important Statistics
Handbags Market in Brazil: Key Drivers, Trends, and Challenges
The researcher studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges market.
Key Handbags Market Driver in Brazil
The rising demand for eco-friendly and sustainable handbags is one of the key drivers fueling the Brazilian handbags market growth. With the shift to eco-friendly products and growing interest in minimizing the carbon footprint, consumers are starting to demand sustainable and eco-friendly handbags. As such, vendors focus on developing and promoting eco-friendly handbags that help reduce the negative environmental impact of the purse manufacturing process significantly. Traditional leather tanning is bad for people and disrupts the environment. As a result, there is an increase in demand for specific raw materials used in the production of handbags in nations all over the world. Thus, the increasing focus of vendors on manufacturing eco-friendly and sustainable handbags and the rising adoption of such products among consumers in Brazil are expected to drive the growth of the market during the forecast period
Key Handbags Market Trend in Brazil
The strong influence of celebrity endorsements on purchasing decisions is one of the key Brazilian handbags market trends propelling the market growth. Recommendations and the use of fashion products such as luxury handbags by celebrities act as catalysts in driving purchase decisions. Manufacturers of handbags and personal luxury goods adopt a variety of marketing campaigns and strategies to expand their customer base. Celebrity endorsements are a popular marketing tool used by sellers to build their brand image and trigger sales of luxury handbags. This, in turn, will propel market growth in the near future.
Key Handbags Market Challenge in Brazil
Backpacks and duffel bags replacing handbags are one of the factors limiting the Brazilian handbags market growth. The Millennial generation and other travelers, who take short trips and prefer lightweight luggage that can hold more garments, have a great demand for backpacks and duffle bags. The primary drivers of the expansion of the backpack industry are the rise in tourism, a desire for fashionable travel bags, a rise in business travelers' foreign travel, a rise in urbanization, and a shift in lifestyles. Thus, increased demand for backpacks as a way to protect laptops and tablets from harm while traveling is anticipated to challenge market expansion during the forecast period.
This handbags market in Brazil analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the handbags market in Brazil as a part of the global apparel, accessories, and luxury goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the handbags market in Brazil during the forecast period.
Who are the Major Handbags Market Vendors in Brazil?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Arezzo COAREZZO INDUSTRIA E COMERCIO SA
- ARTIFACT
- BAGGU
- Botkier
- Brynn Capella Inc.
- Capri Holdings Ltd
- CHANEL Ltd.
- Clare V
- Dolce and Gabbana Srl
- Etsy Inc.
- GiGi New York
- Giorgio Armani S.p.A.
- Hermes International SA
- LVMH Moet Hennessy Louis Vuitton SE
- Mulberry Group Plc
- Olivela Inc.
- Prada Spa
- Shiraleah Chicago
- Tapestry Inc.
- Tory Burch LLC
This statistical study of the handbags market in Brazil encompasses successful business strategies deployed by the key vendors. The handbags market in Brazil is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- lvmh.com - The company offers handbags such as Large Dior Book Tote and Medium Dior Book Tote under the brand name Christian Dior.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report handbags market in Brazil contains a comprehensive market knowledge and in-depth vendor landscape in addition to an analysis of the key vendors.
Handbags Market in Brazil Value Chain Analysis
Our report provides extensive information on the value chain analysis for the Brazilian handbags market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and the evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
What are the Revenue-generating Distribution Channel Segments in the Handbags Market in Brazil?
To gain further insights on the market contribution of various segments Request PDF Sample
The handbags market share growth in Brazil by the offline segment will be significant during the forecast period. Offline retail channels, such as convenience stores, hypermarkets and supermarkets, and factory outlets, are the most popular and preferred channels for the sales of a wide range of handbags, as they provide a vast assortment of products under a single roof. Moreover, customers prefer buying consumer goods, including handbags, from offline channels, as they can choose their desired brand after checking the products physically. Such factors in the offline segment will boost market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the handbags market size in Brazil and actionable market insights on the post-COVID-19 impact on each segment.
Handbags Market Scope in Brazil
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Report Coverage
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Details
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Page number
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120
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Base year
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2021
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Forecast period
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2022-2026
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Growth momentum & CAGR
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Accelerate at a CAGR of 9.26%
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Market growth 2022-2026
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$834.68 million
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Market structure
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Fragmented
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YoY growth (%)
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8.19
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Competitive landscape
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Leading companies, Competitive Strategies, Consumer engagement scope
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Key companies profiled
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Arezzo COAREZZO INDUSTRIA E COMERCIO SA, ARTIFACT, BAGGU, Botkier, Brynn Capella Inc., Capri Holdings Ltd, CHANEL Ltd., Clare V, Dolce and Gabbana Srl, Etsy Inc., GiGi New York, Giorgio Armani S.p.A., Hermes International SA, LVMH Moet Hennessy Louis Vuitton SE, Mulberry Group Plc, Olivela Inc., Prada Spa, Shiraleah Chicago, Tapestry Inc., and Tory Burch LLC.
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Market dynamics
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Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
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Customization purview
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If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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Request PDF sample
What are the Key Data Covered in this Handbags Market in Brazil Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive handbags market growth in Brazil during the next five years
- Precise estimation of the handbags market size in Brazil and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the handbags industry in Brazil
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of handbags market vendors in Brazil
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 10: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 11: Chart on Brazil - Market size and forecast 2021-2026 ($ million)
- Exhibit 12: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)
- Exhibit 13: Chart on Brazil: Year-over-year growth 2021-2026 (%)
- Exhibit 14: Data Table on Brazil: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 15: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 21: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Distribution Channel
- 5.1 Market segments
- Exhibit 22: Chart on Distribution Channel - Market share 2021-2026 (%)
- Exhibit 23: Data Table on Distribution Channel - Market share 2021-2026 (%)
- 5.2 Comparison by Distribution Channel
- Exhibit 24: Chart on Comparison by Distribution Channel
- Exhibit 25: Data Table on Comparison by Distribution Channel
- 5.3 Offline - Market size and forecast 2021-2026
- Exhibit 26: Chart on Offline - Market size and forecast 2021-2026 ($ million)
- Exhibit 27: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
- Exhibit 28: Chart on Offline - Year-over-year growth 2021-2026 (%)
- Exhibit 29: Data Table on Offline - Year-over-year growth 2021-2026 (%)
- 5.4 Online - Market size and forecast 2021-2026
- Exhibit 30: Chart on Online - Market size and forecast 2021-2026 ($ million)
- Exhibit 31: Data Table on Online - Market size and forecast 2021-2026 ($ million)
- Exhibit 32: Chart on Online - Year-over-year growth 2021-2026 (%)
- Exhibit 33: Data Table on Online - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Distribution Channel
- Exhibit 34: Market opportunity by Distribution Channel ($ million)
6 Market Segmentation by Product Type
- 6.1 Market segments
- Exhibit 35: Chart on Product Type - Market share 2021-2026 (%)
- Exhibit 36: Data Table on Product Type - Market share 2021-2026 (%)
- 6.2 Comparison by Product Type
- Exhibit 37: Chart on Comparison by Product Type
- Exhibit 38: Data Table on Comparison by Product Type
- 6.3 Clutches and wallets - Market size and forecast 2021-2026
- Exhibit 39: Chart on Clutches and wallets - Market size and forecast 2021-2026 ($ million)
- Exhibit 40: Data Table on Clutches and wallets - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Chart on Clutches and wallets - Year-over-year growth 2021-2026 (%)
- Exhibit 42: Data Table on Clutches and wallets - Year-over-year growth 2021-2026 (%)
- 6.4 Shoulder bags - Market size and forecast 2021-2026
- Exhibit 43: Chart on Shoulder bags - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Data Table on Shoulder bags - Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Chart on Shoulder bags - Year-over-year growth 2021-2026 (%)
- Exhibit 46: Data Table on Shoulder bags - Year-over-year growth 2021-2026 (%)
- 6.5 Satchels and saddles - Market size and forecast 2021-2026
- Exhibit 47: Chart on Satchels and saddles - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Data Table on Satchels and saddles - Market size and forecast 2021-2026 ($ million)
- Exhibit 49: Chart on Satchels and saddles - Year-over-year growth 2021-2026 (%)
- Exhibit 50: Data Table on Satchels and saddles - Year-over-year growth 2021-2026 (%)
- 6.6 Totes - Market size and forecast 2021-2026
- Exhibit 51: Chart on Totes - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Data Table on Totes - Market size and forecast 2021-2026 ($ million)
- Exhibit 53: Chart on Totes - Year-over-year growth 2021-2026 (%)
- Exhibit 54: Data Table on Totes - Year-over-year growth 2021-2026 (%)
- 6.7 Market opportunity by Product Type
- Exhibit 55: Market opportunity by Product Type ($ million)
7 Customer Landscape
- 7.1 Customer landscape overview
- Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 57: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 58: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 59: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 60: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 61: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 62: Matrix on vendor position and classification
- 10.3 Arezzo COAREZZO INDUSTRIA E COMERCIO SA
- Exhibit 63: Arezzo COAREZZO INDUSTRIA E COMERCIO SA - Overview
- Exhibit 64: Arezzo COAREZZO INDUSTRIA E COMERCIO SA - Product / Service
- Exhibit 65: Arezzo COAREZZO INDUSTRIA E COMERCIO SA - Key offerings
- 10.4 Capri Holdings Ltd
- Exhibit 66: Capri Holdings Ltd - Overview
- Exhibit 67: Capri Holdings Ltd - Business segments
- Exhibit 68: Capri Holdings Ltd - Key news
- Exhibit 69: Capri Holdings Ltd - Key offerings
- Exhibit 70: Capri Holdings Ltd - Segment focus
- 10.5 CHANEL Ltd.
- Exhibit 71: CHANEL Ltd. - Overview
- Exhibit 72: CHANEL Ltd. - Business segments
- Exhibit 73: CHANEL Ltd. - Key offerings
- Exhibit 74: CHANEL Ltd. - Segment focus
- 10.6 Dolce and Gabbana Srl
- Exhibit 75: Dolce and Gabbana Srl - Overview
- Exhibit 76: Dolce and Gabbana Srl - Product / Service
- Exhibit 77: Dolce and Gabbana Srl - Key offerings
- 10.7 Hermes International SA
- Exhibit 78: Hermes International SA - Overview
- Exhibit 79: Hermes International SA - Business segments
- Exhibit 80: Hermes International SA - Key offerings
- Exhibit 81: Hermes International SA - Segment focus
- 10.8 LVMH Moet Hennessy Louis Vuitton SE
- Exhibit 82: LVMH Moet Hennessy Louis Vuitton SE - Overview
- Exhibit 83: LVMH Moet Hennessy Louis Vuitton SE - Business segments
- Exhibit 84: LVMH Moet Hennessy Louis Vuitton SE - Key news
- Exhibit 85: LVMH Moet Hennessy Louis Vuitton SE - Key offerings
- Exhibit 86: LVMH Moet Hennessy Louis Vuitton SE - Segment focus
- 10.9 Mulberry Group Plc
- Exhibit 87: Mulberry Group Plc - Overview
- Exhibit 88: Mulberry Group Plc - Business segments
- Exhibit 89: Mulberry Group Plc - Key offerings
- Exhibit 90: Mulberry Group Plc - Segment focus
- 10.10 Prada Spa
- Exhibit 91: Prada Spa - Overview
- Exhibit 92: Prada Spa - Product / Service
- Exhibit 93: Prada Spa - Key offerings
- 10.11 Tapestry Inc.
- Exhibit 94: Tapestry Inc. - Overview
- Exhibit 95: Tapestry Inc. - Business segments
- Exhibit 96: Tapestry Inc. - Key offerings
- Exhibit 97: Tapestry Inc. - Segment focus
- 10.12 Tory Burch LLC
- Exhibit 98: Tory Burch LLC - Overview
- Exhibit 99: Tory Burch LLC - Product / Service
- Exhibit 100: Tory Burch LLC - Key offerings
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 101: Inclusions checklist
- Exhibit 102: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 103: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 104: Research methodology
- Exhibit 105: Validation techniques employed for market sizing
- Exhibit 106: Information sources
- 11.5 List of abbreviations
- Exhibit 107: List of abbreviations
- raw material prices: In recent times, key manufacturers have been experiencing fluctuations in their profit margins due to the fluctuating prices of raw materials. For instance, the prices of synthetic fibers, such as Spandex (also known as Lycra or elastane in different regions), keep fluctuating. Besides, the unavailability of high-quality polyester fibers is increasing their prices. Subsequently, such volatility results in the high prices of apparel made using these raw materials. The continuous change in the profit margins of market competitors due to the volatility of raw material prices acts as a major challenge for the growth of the global apparel, accessories, and luxury goods market. The lag between cost fluctuations and the ability of market competitors to increase product prices can negatively impact the profit margins of vendors. The fluctuations in the prices of raw materials make manufacturers unable to anticipate their investments or control costs. Moreover, cost-driven end-users prefer reasonably priced apparel rather than investing heavily in global brands, which reduces the sales potential and revenue of competitors.