LATAM Luxury Goods Market Size & Outlook, 2025-2033
LATAM Luxury Goods Market Insights
- Based on Deep Market Insights findings, the LATAM Luxury Goods Market size reached USD 24.02 Billion in 2024 and is expected to grow to USD 46.04 Billion by 2033.
- During 2025–2033, the market is forecasted to advance at a CAGR of 7.51%.
- Leather Goods represented the largest share of the Category market in terms of size in 2024.
- Among the Category segments, Jewellery is forecasted to achieve the highest growth and remain the most lucrative through the forecast period.
Source: DMI Analysis Company Publications, Primary Interviews.
Other Key Findings
- LATAM represented 5.71% of the global Luxury Goods Market size in 2024.
- By 2033, United States is estimated to hold the largest position in the global market in terms of size.
- Colombia is estimated to remain the fastest-growing market in LATAM, advancing to USD 3.53 Billion by 2033.
Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2033 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2033 |
| Market Size In 2024 | USD 24.02 Billion |
| Market Size In 2033 | USD 46.04 Billion |
| Largest segment | Leather Goods |
| Units | Revenue in USD Billion |
| CAGR | 7.51% (2025-2033) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Segmnetation Covered
| Segments | Sub Segments |
|---|---|
| LATAM |
|
| Category |
|
| Channels |
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LATAM Luxury Goods Market Country 2025-2033
Source: DMI Analysis Company Publications, Primary Interviews.
LATAM Luxury Goods Market Category 2025-2033
Source: DMI Analysis Company Publications, Primary Interviews.
LATAM Luxury Goods Market Channels 2025-2033
Source: DMI Analysis Company Publications, Primary Interviews.