Super premium beauty and personal care is expected to remain the most dynamic category within personal luxury over the forecast period, although these products are among the most accessible in terms of prices. Super premium colour cosmetics is set to see particularly strong growth over the forecast period, with consumers expected to be willing to pay more to achieve the latest looks.
Luxury writing instruments and stationery is expected to see the slowest growth rates in 2023 and over the forecast period as a whole. Luxury writing instruments and instruments will remain a niche area in Mexico, with a limited audience of wealthier afficionados and consumers gifting them as special presents to friends and family.
Digital engagement is expected to be a growing trend with personal luxury over the forecast period. E-commerce grew dramatically in 2020, followed by strong growth in 2021 and 2022, with the online channel set for further gains over the forecast period.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Personal Luxury industry in Mexico, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is an aggregation of Designer Clothing and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Timepieces, Luxury Leather Goods, Luxury Writing Instruments and Stationery, Luxury Portable Consumer Electronics and Super Premium Beauty and Personal Care.See All of Our Definitions
This report originates from Passport, our Personal Luxury research and analysis database.
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