Luxury Goods

Japan is the world’s third largest economy and its consumers are renowned for their strong desire for excellent-quality, precision products. There is therefore no surprise that demand for luxury goods has traditionally been high in Japan, stifled only by economic crises. Now, after 20 years of fluctuating trends during Japan’s bubble economy and the subsequent global financial crisis, confidence is finally being restored by the economic and structural reforms undertaken by the current government, and consumer spending is increasing. Find out more about Japan's luxury goods sector below.

About Luxury Goods

 Latest update: February 2022 

Cosmetics & Perfumes

— Latest update: March 2022 —

Japan is the third largest market in the world for cosmetics and personal care products. Even though the global pandemic resulted in a significant drop in consumer traffic and inbound tourism, the domestic market continues to grow.


 Latest update: March 2022