Global Luxury Fashion Market Poised for Steady Growth at CAGR of 4% Until 2029, Driven by Rising Consumer Awareness and E-commerce Surge
The global luxury fashion market is expected to reach US$ 346.39 billion by 2029, reflecting a steady growth trajectory with a CAGR of 4.0% according to Maximize Market Research. This growth is fueled by a growing population of fashion-conscious consumers, particularly millennials and Gen Z, and the increasing popularity of online shopping channels for luxury goods.
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