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Handbags Market in Brazil by Distribution Channel and Product Type - Forecast and Analysis 2022-2026

Handbags Market in Brazil by Distribution Channel and Product Type - Forecast and Analysis 2022-2026

Published: Sep 2022 112 Pages SKU: IRTNTR74344

Market Overview at a Glance

$834.68 Mn
Market Opportunity
9.26%
CAGR
YoY growth 2021-2022(%)

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?

Handbags Market in Brazil Size

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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?

Handbags Market in Brazil Share

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

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.26%

Market growth 2022-2026

$834.68 million

Market structure

Fragmented

YoY growth (%)

8.19

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

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.

Market dynamics

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.

Customization purview

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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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

Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Handbags market growth will increase by 834.68 million during 2022-2026.

The Handbags market is expected to grow at a CAGR of 9.26% during 2022-2026.

Handbags market is segmented by Product Type( Clutchs and wallets, Shoulder bags, Satchels and saddles, Totes) Geographic( Brazil)

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 are a few of the key vendors in the Handbags market.

South America will register the highest growth rate of 100% among the other regions. Therefore, the Handbags market in South America is expected to garner significant business opportunities for the vendors during the forecast period.

Brazil

  • Rising demand for eco-friendly and sustainable handbagsWith the shift to eco-friendly products and growing interest in minimizing carbon footprints is the driving factor this market.
  • consumers are starting to demand sustainable and eco-friendly handbags. As such is the driving factor this market.
  • vendors focus on developing and promoting eco-friendly handbags that help significantly reduce the negative environmental impact of the purse manufacturing process. Traditional leather tanning is bad for people and disrupts the environment. Similarly is the driving factor this market.
  • the polyvinyl chloride (PVC) used to make handbags contains substances such as lead and mercury that have an negative impact on people and the environment during all stages of their lifecycle is the driving factor this market.
  • including production is the driving factor this market.
  • use is the driving factor this market.
  • and disposal. As a result is the driving factor this market.
  • there is an increase in demand for specific raw materials used in the production of handbags in nations all over the world is the driving factor this market.
  • including Brazil. Eco-leather is organically tanned is the driving factor this market.
  • and the major tanning ingredients are smoke is the driving factor this market.
  • plant tannins is the driving factor this market.
  • and vegetable tannins. Gucci by Kering SA produces a wide range of handbags using eco and organic leather. Moreover is the driving factor this market.
  • Neide Ambrosio is the driving factor this market.
  • a Brazilian handbag designer is the driving factor this market.
  • given a new statement of handbags with recycled aluminum pop tops found on a can of soft drink. Neide has already designed and produced over 240 fashion products such as bags is the driving factor this market.
  • belts is the driving factor this market.
  • caps is the driving factor this market.
  • dresses is the driving factor this market.
  • and pants using recycled materials is the driving factor this market.
  • including the original tin pop tops. The Neide Ambrosio accessory collection continues to stand out from the competition is the driving factor this market.
  • especially in the variety of bags is the driving factor this market.
  • which has received the most international response. The stunning statement bags from the Neide Ambrosio accessories collection are fashioned by hand-crocheting glittering aluminum pop tops in silver and bronze tones. These bags are a stylish is the driving factor this market.
  • contemporary interpretation of eco-friendly clothing and truly make a bold fashion statement. Thus is the driving factor this market.
  • 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 is the driving factor this market.

The Handbags market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.