Market Insights Consumer Luxury Goods Prestige Cosmetics & Fragrances

Prestige Cosmetics - Papua New Guinea

Papua New Guinea

In Papua New Guinea, the revenue generated in the Prestige Cosmetics market is estimated to reach US$11.66m in 2024.
This market is projected to experience an annual growth rate of 4.86% (CAGR 2024-2028).
When compared globally, in the United States leads in terms of revenue, generating US$5,284m in 2024.
Looking at the per person revenue, in 2024, each individual contributes US$1.11 to the total revenue.
Despite its remote location and limited access to luxury goods, Papua New Guinea has seen a growing demand for prestige cosmetics among its affluent population.

Key regions: Italy, Russia, United Kingdom, France, South Korea

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The Prestige Cosmetics market is built on resources from the Statista platform as well as on in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. We evaluate the status quo of the market, monitor trends, and create an independent forecast regarding market developments of the global Prestige Cosmetics industry.