France Luxury Goods Market by Distribution Channel, End-user and Product - Forecast and Analysis 2024-2028

Published: Feb 2024

Pages: 146

SKU: IRTNTR77632

Snapshot

France Luxury Goods Market Forecast 2024-2028

The France Luxury Goods Market size is forecast to increase by USD 3.69 billion at a CAGR of 3.57% between 2023 and 2028.

Several factors play a crucial role in the market's growth, such as the increased demand for premium beauty products and cosmetics, the expanding millennial and Gen Z consumer base, and the growth in online retailing of luxury goods. The report provides market size, historical data spanning from 2018 - 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

Increased demand for premium beauty products and cosmetics is notably driving the market. Personal expensive goods including luxury perfumes and apparel as well as skincare products. In addition, consumers are increasingly spending on businesses and brands launching widespread products that have the right combination of high-quality ingredients and premium cosmetics, especially skincare products, because of the rising disposable incomes. Furthermore, consumers are increasingly becoming aware of skin-related issues through various channels such as spots, acne, and pigmentation and are willing to pay for premium skincare products.

Moreover, french fashion cosmetics and skincare brands focus on differentiating themselves from pharmaceutical companies. Thus, they invest in innovative skincare ingredients and technologies. In addition, consumers, especially the aging population, look for skincare products that can help retain their youthful appearance. Furthermore, anti-aging creams were used to temporarily plump up the skin to reduce the appearance of fine lines and wrinkles. In addition, technological advances, however, have increased the number of premiums for advanced anti-aging products. Hence, such factors are boosting the market growth during the forecast period.

Market Trends

The rise of sustainable luxury is an emerging trend in the market. Consumers, especially in younger demographics, are becoming more environmentally conscious. In addition, the demand for sustainable costly reflects a desire to minimize the ecological footprint associated with expensive goods, appealing to those who prioritize eco-friendly and ethical practices. Furthermore, embracing sustainability allows brands to differentiate themselves in a competitive market.

Moreover, highlighting eco-conscious initiatives enhances brand image, fostering trust and loyalty among value-driven consumers. In addition, brands leverage storytelling to showcase their commitment to sustainability, creating a deeper emotional connection. Furthermore, consumers are increasingly willing to pay a premium for sustainable goods. Hence, such factors are driving the market growth during the forecast period.

Market Challenge

The growing issue of counterfeit luxury goods is a major challenge hindering market growth. Counterfeits dilute the exclusivity and prestige related to genuine expensive items, diminishing brand value and consumer perception. In addition, this tarnishes the image of legitimate brands and their products, potentially leading to customer disengagement and declining brand loyalty. Furthermore, the prevalence of counterfeits fuels distrust and frustration among consumers who unknowingly purchase fake goods.

This leads to negative word-of-mouth, damaged customer relationships, and reluctance to purchase genuine costly items due to fear of being deceived. The prevalence of counterfeit products results in revenue loss for authentic brands. It affects sales, as consumers may opt for cheaper imitations, negatively impacting the financial performance of legitimate businesses. This revenue loss can hinder investments in innovation, marketing, and expansion strategies.

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Capri Holdings Ltd: The company offers luxury goods such as Medusa 95 small tote bag, Medusa 95 tote bag, Barocco Athena small tote bag and Contasto Athena Tote bag through the subsidiary brand Versace.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 21 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Market?

The offline segment is estimated to witness significant growth during the forecast period. The growth of the offline segment comes from the sales of costly goods through specialty stores, including brand-owned stores, multi-brand stores, apparel stores, fashion, and personal accessory stores, sports equipment stores, hypermarkets, supermarkets, convenience stores, clubhouse stores, and department stores. In addition, the sales from this segment have been declining gradually over the years due to the increasing preference for online shopping.

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The offline segment was the largest segment and was valued at USD 14.46 billion in 2018. Moreover, this scenario has also intensified the competition in the market in focus. In addition, to survive in such a competitive market and to overcome the declining preference for offline shopping, retailers are introducing new business and retail strategies, such as better pricing strategies and a wide range of products. Furthermore, several expensive brands have established a strong presence in the offline segment in France. Some notable companies with brick-and-mortar stores include Louis Vuitton, Gucci, and Chanel. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Segment Overview

The market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

Distribution Channel Outlook
- Offline
- Online
End-user Outlook
- Female
- Male
Product Outlook
- Clothing
- Perfumes and cosmetics
- Watches and jewelry
- Others

Market Analyst Overview

France, known as the fashion capital and the birthplace of many country-origin luxury brands, stands at the forefront of the global market. The industry caters to diverse consumers through both online and offline channels, attracting international tourists and millennial buyers. The French luxury goods sector is increasingly aligning with environmental concerns, emphasizing ethical sourcing, and adopting labeling schemes. Established fashion houses offer a digital ecosystem, providing luxury perfumes, cologne, and cruelty-free cosmetics. Key trends include popup-style marketing, government regulations, and the growing tendency for online shopping. The industry showcases a mix of domestic and international players, often collaborating with regional brands to introduce innovative luxury products. Capsule collections, eye-catching offers, and a commitment to premium quality and comfort define the diverse and dynamic landscape of the market in France.

Luxury goods in France are experiencing a transformation, with fashion-focused trips to Paris, the global capital of style, playing a crucial role. The apparel manufacturing industry is adapting to fur-free trends and prioritizing sustainability, aligning with customers' values. Fashion e-commerce platforms facilitate per capita consumption of luxury goods, offering a diverse range of products. The market also embraces natural ingredients-infused grooming products, attar, and exotic fragrances, particularly in the menswear category. Established brands with widespread presence adopt a popup-style approach, engaging customers online. The luxury fashion landscape in France includes collaborations with regional brands, innovative packaging, and a commitment to curated product offerings, reinforcing the country's position as a leader in the global luxury goods market.

France Luxury Goods Market Scope
Report Coverage	Details
Page number	146
Base year	2023
Historic period	2018 - 2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 3.57%
Market Growth 2024-2028	USD 3.69 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	3.25
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Capri Holdings Ltd., Chanel Ltd., Chow Tai Fook Jewellery Group Ltd., Compagnie Financiere Richemont SA, Coty Inc., Dolce and Gabbana SRL, Giorgio Armani S.p.A., Hermes International SA, Kering SA, LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, Prada S.p.A, PVH Corp., Ralph Lauren Corp., Rolex SA, Safilo Group Spa, Swarovski AG, Tapestry Inc., The Estee Lauder Companies Inc., The Swatch Group Ltd., and Shiseido Co. Ltd.
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 Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the market growth and forecasting between 2023 and 2028
Precise estimation of the market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming market growth trends and changes in consumer behavior
Growth of the market across France
Thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

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 End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 11: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 12: Chart on France - Market size and forecast 2023-2028 ($ billion)
- Exhibit 13: Data Table on France - Market size and forecast 2023-2028 ($ billion)
- Exhibit 14: Chart on France: Year-over-year growth 2023-2028 (%)
- Exhibit 15: Data Table on France: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Luxury goods market in France 2018 - 2022
- Exhibit 16: Historic Market Size – Data Table on luxury goods market in France 2018 - 2022 ($ billion)

4.2 Distribution Channel Segment Analysis 2018 - 2022
- Exhibit 17: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)

4.3 End-user Segment Analysis 2018 - 2022
- Exhibit 18: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)

4.4 Product Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Distribution Channel

6.1 Market segments
- Exhibit 27: Chart on Distribution Channel - Market share 2023-2028 (%)
- Exhibit 28: Data Table on Distribution Channel - Market share 2023-2028 (%)

6.2 Comparison by Distribution Channel
- Exhibit 29: Chart on Comparison by Distribution Channel
- Exhibit 30: Data Table on Comparison by Distribution Channel

6.3 Offline - Market size and forecast 2023-2028
- Exhibit 31: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
- Exhibit 32: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
- Exhibit 33: Chart on Offline - Year-over-year growth 2023-2028 (%)
- Exhibit 34: Data Table on Offline - Year-over-year growth 2023-2028 (%)

6.4 Online - Market size and forecast 2023-2028
- Exhibit 35: Chart on Online - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
- Exhibit 37: Chart on Online - Year-over-year growth 2023-2028 (%)
- Exhibit 38: Data Table on Online - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Distribution Channel
- Exhibit 39: Market opportunity by Distribution Channel ($ billion)
- Exhibit 40: Data Table on Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 41: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 42: Data Table on End-user - Market share 2023-2028 (%)

7.2 Comparison by End-user
- Exhibit 43: Chart on Comparison by End-user
- Exhibit 44: Data Table on Comparison by End-user

7.3 Female - Market size and forecast 2023-2028
- Exhibit 45: Chart on Female - Market size and forecast 2023-2028 ($ billion)
- Exhibit 46: Data Table on Female - Market size and forecast 2023-2028 ($ billion)
- Exhibit 47: Chart on Female - Year-over-year growth 2023-2028 (%)
- Exhibit 48: Data Table on Female - Year-over-year growth 2023-2028 (%)

7.4 Male - Market size and forecast 2023-2028
- Exhibit 49: Chart on Male - Market size and forecast 2023-2028 ($ billion)
- Exhibit 50: Data Table on Male - Market size and forecast 2023-2028 ($ billion)
- Exhibit 51: Chart on Male - Year-over-year growth 2023-2028 (%)
- Exhibit 52: Data Table on Male - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by End-user
- Exhibit 53: Market opportunity by End-user ($ billion)
- Exhibit 54: Data Table on Market opportunity by End-user ($ billion)

8 Market Segmentation by Product

8.1 Market segments
- Exhibit 55: Chart on Product - Market share 2023-2028 (%)
- Exhibit 56: Data Table on Product - Market share 2023-2028 (%)

8.2 Comparison by Product
- Exhibit 57: Chart on Comparison by Product
- Exhibit 58: Data Table on Comparison by Product

8.3 Clothing - Market size and forecast 2023-2028
- Exhibit 59: Chart on Clothing - Market size and forecast 2023-2028 ($ billion)
- Exhibit 60: Data Table on Clothing - Market size and forecast 2023-2028 ($ billion)
- Exhibit 61: Chart on Clothing - Year-over-year growth 2023-2028 (%)
- Exhibit 62: Data Table on Clothing - Year-over-year growth 2023-2028 (%)

8.4 Perfumes and cosmetics - Market size and forecast 2023-2028
- Exhibit 63: Chart on Perfumes and cosmetics - Market size and forecast 2023-2028 ($ billion)
- Exhibit 64: Data Table on Perfumes and cosmetics - Market size and forecast 2023-2028 ($ billion)
- Exhibit 65: Chart on Perfumes and cosmetics - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on Perfumes and cosmetics - Year-over-year growth 2023-2028 (%)

8.5 Watches and jewelry - Market size and forecast 2023-2028
- Exhibit 67: Chart on Watches and jewelry - Market size and forecast 2023-2028 ($ billion)
- Exhibit 68: Data Table on Watches and jewelry - Market size and forecast 2023-2028 ($ billion)
- Exhibit 69: Chart on Watches and jewelry - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on Watches and jewelry - Year-over-year growth 2023-2028 (%)

8.6 Others - Market size and forecast 2023-2028
- Exhibit 71: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Others - Year-over-year growth 2023-2028 (%)

8.7 Market opportunity by Product
- Exhibit 75: Market opportunity by Product ($ billion)
- Exhibit 76: Data Table on Market opportunity by Product ($ billion)

9 Customer Landscape

9.1 Customer landscape overview
- Exhibit 77: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 78: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 79: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 80: Overview on factors of disruption

11.4 Industry risks
- Exhibit 81: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 82: Vendors covered

12.2 Market positioning of vendors
- Exhibit 83: Matrix on vendor position and classification

12.3 Capri Holdings Ltd.
- Exhibit 84: Capri Holdings Ltd. - Overview
- Exhibit 85: Capri Holdings Ltd. - Business segments
- Exhibit 86: Capri Holdings Ltd. - Key offerings
- Exhibit 87: Capri Holdings Ltd. - Segment focus

12.4 Chow Tai Fook Jewellery Group Ltd.
- Exhibit 88: Chow Tai Fook Jewellery Group Ltd. - Overview
- Exhibit 89: Chow Tai Fook Jewellery Group Ltd. - Business segments
- Exhibit 90: Chow Tai Fook Jewellery Group Ltd. - Key offerings
- Exhibit 91: Chow Tai Fook Jewellery Group Ltd. - Segment focus

12.5 Compagnie Financiere Richemont SA
- Exhibit 92: Compagnie Financiere Richemont SA - Overview
- Exhibit 93: Compagnie Financiere Richemont SA - Business segments
- Exhibit 94: Compagnie Financiere Richemont SA - Key offerings
- Exhibit 95: Compagnie Financiere Richemont SA - Segment focus

12.6 Coty Inc.
- Exhibit 96: Coty Inc. - Overview
- Exhibit 97: Coty Inc. - Business segments
- Exhibit 98: Coty Inc. - Key news
- Exhibit 99: Coty Inc. - Key offerings
- Exhibit 100: Coty Inc. - Segment focus

12.7 Dolce and Gabbana SRL
- Exhibit 101: Dolce and Gabbana SRL - Overview
- Exhibit 102: Dolce and Gabbana SRL - Product / Service
- Exhibit 103: Dolce and Gabbana SRL - Key news
- Exhibit 104: Dolce and Gabbana SRL - Key offerings

12.8 Giorgio Armani S.p.A.
- Exhibit 105: Giorgio Armani S.p.A. - Overview
- Exhibit 106: Giorgio Armani S.p.A. - Product / Service
- Exhibit 107: Giorgio Armani S.p.A. - Key offerings

12.9 Hermes International SA
- Exhibit 108: Hermes International SA - Overview
- Exhibit 109: Hermes International SA - Business segments
- Exhibit 110: Hermes International SA - Key offerings
- Exhibit 111: Hermes International SA - Segment focus

12.10 Kering SA
- Exhibit 112: Kering SA - Overview
- Exhibit 113: Kering SA - Business segments
- Exhibit 114: Kering SA - Key news
- Exhibit 115: Kering SA - Key offerings
- Exhibit 116: Kering SA - Segment focus

12.11 LOreal SA
- Exhibit 117: LOreal SA - Overview
- Exhibit 118: LOreal SA - Business segments
- Exhibit 119: LOreal SA - Key news
- Exhibit 120: LOreal SA - Key offerings
- Exhibit 121: LOreal SA - Segment focus

12.12 LVMH Moet Hennessy Louis Vuitton SE
- Exhibit 122: LVMH Moet Hennessy Louis Vuitton SE - Overview
- Exhibit 123: LVMH Moet Hennessy Louis Vuitton SE - Business segments
- Exhibit 124: LVMH Moet Hennessy Louis Vuitton SE - Key offerings
- Exhibit 125: LVMH Moet Hennessy Louis Vuitton SE - Segment focus

12.13 Prada S.p.A
- Exhibit 126: Prada S.p.A - Overview
- Exhibit 127: Prada S.p.A - Product / Service
- Exhibit 128: Prada S.p.A - Key offerings

12.14 PVH Corp.
- Exhibit 129: PVH Corp. - Overview
- Exhibit 130: PVH Corp. - Business segments
- Exhibit 131: PVH Corp. - Key offerings
- Exhibit 132: PVH Corp. - Segment focus

12.15 Ralph Lauren Corp.
- Exhibit 133: Ralph Lauren Corp. - Overview
- Exhibit 134: Ralph Lauren Corp. - Business segments
- Exhibit 135: Ralph Lauren Corp. - Key news
- Exhibit 136: Ralph Lauren Corp. - Key offerings
- Exhibit 137: Ralph Lauren Corp. - Segment focus

12.16 Rolex SA
- Exhibit 138: Rolex SA - Overview
- Exhibit 139: Rolex SA - Product / Service
- Exhibit 140: Rolex SA - Key offerings

12.17 The Swatch Group Ltd.
- Exhibit 141: The Swatch Group Ltd. - Overview
- Exhibit 142: The Swatch Group Ltd. - Business segments
- Exhibit 143: The Swatch Group Ltd. - Key news
- Exhibit 144: The Swatch Group Ltd. - Key offerings
- Exhibit 145: The Swatch Group Ltd. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 146: Inclusions checklist
- Exhibit 147: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 148: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 149: Research methodology
- Exhibit 150: Validation techniques employed for market sizing
- Exhibit 151: Information sources

13.5 List of abbreviations
- Exhibit 152: List of abbreviations

Methodology

Research Framework

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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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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