Global demand for personal luxury goods was increasing steadily for decades with worth $308 billion in 2019. But suddenly interrupted due to COVID-19 to a brutal drop to 33% from the current luxury good market size in 2020.

Image credits: www.visualcapitalist.com

Global Rise and Fall of the Personal Luxury Goods Market

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Global demand for personal luxury goods was increasing steadily for decades with worth $308 billion in 2019. But suddenly interrupted due to COVID-19 to a brutal drop to 33% from the current luxury good market size in 2020.

Image credits: www.visualcapitalist.com

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