Luxury and Beauty Trends Shaping the Market

Q1. Could you start by giving us a brief overview of your professional background, particularly focusing on your expertise in the industry?

I am a strategist with more than 20 years of experience in Business Intelligence and Trend Forecasting. I have expertise in the Fashion, Luxury, Design, Beauty, and Wellness Industries.

I now run the Head of the Innovation Division of a top-tier Italian packaging manufacturer, serving international luxury conglomerates and premium brands globally.

I assist clients in navigating cultural, economic, and societal challenges by leveraging data and insight about their customers' and consumers' changing demands and expectations.

Q2. How are market segments such as eco-luxury, digital beauty tech, and sustainable fashion performing in terms of annual growth rates?

The digital beauty tech industry has experienced significant growth in recent years. It is projected to reach a compound growth rate of 16% in 2025, which is almost $80 billion.

According to major forecasting institutions, eco-luxury and sustainable fashion are also expected to grow, with increases predicted between 1% and 3% globally by 2027.

However, I would predict these figures to change drastically in the next year or so due to the crisis affecting luxury brands and supply chains. These brands…