Question of the Week 1 minuteFree ReportHow Much Do Chinese Consumers Contribute to the Global Luxury Goods Market? Coresight Research February 17, 2020 QUESTION OF THE WEEK: How Much Do Chinese Consumers Contribute to the Global Luxury Goods Market? Chinese consumers accounted for 35% of total worldwide sales of personal luxury goods in 2019, up from 33% in 2018; Bain forecasts this share to reach 46% in 2025. Using Bain data, Coresight Research estimates that 70% of the total luxury spend by Chinese consumers in 2019 was outside of China. This document was generated for Other research you may be interested in: Research Preview: Market Navigator—US Drugstore and Pharmacy RetailersResponses to Inflation and Financial Resilience—Strategic Purchasing Behavior: US Consumer Survey InsightsYour Guide to Groceryshop 2024: Five Key Themes Driving Growth and Innovation in Grocery and CPG RetailCES 2023: Metaverse Highlights—Exploring Key Innovations in Augmented Reality, Artificial Intelligence and Immersive Technologies
