Luxury handbags market forecast by 2030

Ashlywalde1016 Feb, 2023News

Premiumization has been on the rise in various industries, including the food, clothes, and cosmetics industries, among others. It's a marketing strategy in which companies emphasize a product's outstanding quality and exclusivity to make it more enticing to customers. Because the bulk of target customers' per capita income has increased, they value product quality more than price.