The Philippines luxury goods market reached around USD 6.36 Billion in 2025. The market is projected to grow at a CAGR of 4.20% between 2026 and 2035 to reach almost USD 9.60 Billion by 2035.
Base Year
Historical Period
Forecast Period
Despite inflation, 43% of the Philippines’ consumers are expected to retain their spending pattern on luxury goods.
74% of Filipino consumers purchase luxury goods for self-consumption, while 22% purchase them for the purpose of collection.
21% of all Filipino consumers purchase luxury goods for resale.
Compound Annual Growth Rate
4.2%
Value in USD Billion
2026-2035
*this image is indicative*
| Philippines Luxury Goods Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 6.36 |
| Market Size 2035 | USD Billion | 9.60 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 4.20% |
| CAGR 2026-2035 - Market by Product Type | Watches and Jewellery | 4.9% |
| CAGR 2026-2035 - Market by Distribution Channel | Online | 9.8% |
| 2025 Market Share by Distribution Channel | Online | 13.3% |
In the Global Wealth and Lifestyle Report 2021, Manila was ranked the 16th most expensive city for high-net-worth individuals in 2020. In the city, the prices of luxury items surged by 9% in the same year, which was significantly higher than in other cities like Shanghai and Tokyo. The city recorded a 63% surge in domestic fares for transportation and has become the most lucrative destination to buy exclusive fashion, including men’s suits, and women’s bags. The lifestyle index of Manila has outpaced the domestic rate of headline inflation (2.6% in 2020), which highlights sustained demand for luxury goods even in challenging economic times.
The top luxury goods purchases by Filipino consumers include fashionable items like clothing (53%), cosmetics, skincare, and other beauty and wellness products (48%), pieces of jewellery such as bracelets, rings, and watches (45%), and tech gadgets like mobile phones and computers (64%). Product longevity (58%), unique designs (53%), and superior product quality (56%) are the topmost reasons for Filipino consumers to purchase luxury goods.
As per the United States Department of Agriculture, overall wine exports to the Philippines are expected to grow at a rate of 5% annually between 2022-2025 due to rising preference for drinking among the younger generation and the emergence of online stores. This is expected to sustain the demand for luxury wines over the forecast period, propelling the market growth.
"Philippines Luxury Goods Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by End User
Market Breakup by Distribution Channel
| CAGR 2026-2035 - Market by | Product Type |
| Watches and Jewellery | 4.9% |
| Perfumes and Cosmetics | 4.5% |
| Clothing | XX% |
| Bags/Purse | XX% |
| Others | XX% |
| CAGR 2026-2035 - Market by | Distribution Channel |
| Online | 9.8% |
| Offline | XX% |
Based on product type, the market is segmented into watches and jewellery, perfumes and cosmetics, clothing, and bags/purse, among others. Over the forecast period, watches and jewellery are expected to grow at a CAGR of 4.9% due to increasing fashion consciousness among consumers and the emergence of unique products by luxury brands.
| 2025 Market Share by | Distribution Channel |
| Online | 13.3% |
| Offline | XX% |
A subsidiary of Store Specialists Inc., SSI Group entered into a joint venture agreement with the company G Distribution B.V. or Gucci in May 2022 to establish Luxury Goods Phuliipines Inc., which is responsible for operating and managing all Gucci stores across the country.
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The market reached nearly USD 6.36 Billion in 2025.
The market is projected to grow at a CAGR of 4.20% between 2026 and 2035.
The market is assessed to witness healthy growth in the forecast period to reach around USD 9.60 Billion in 2035.
The different product types in the market are watches and jewellery, perfumes and cosmetics, clothing, and bags/purse, among others.
The different distribution channels in the market are online and offline.
The different end users of luxury goods in the market are men and women.
The key market players are Chanel Limited, Rolex SA, Giorgio Armani S.p.A, Estee Lauder Companies Inc., Ralph Lauren Corporation, Cartier International AG, and Burberry Group plc, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by End User |
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| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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