Brazil Handbag Market Size & Outlook, 2025-2030
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Brazil handbag market highlights
- The Brazil handbag market generated a revenue of USD 1,476.5 million in 2021 and is expected to reach USD 2,205.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.6% from 2022 to 2030.
- In terms of segment, tote bag was the largest revenue generating product in 2021.
- Satchel is the most lucrative product segment registering the fastest growth during the forecast period.
Handbag market data book summary
| Market revenue in 2021 | USD 1,476.5 million |
| Market revenue in 2030 | USD 2,205.9 million |
| Growth rate | 4.6% (CAGR from 2021 to 2030) |
| Largest segment | Tote bag |
| Fastest growing segment | Satchel |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tote Bag, Clutch, Satchel |
| Key market players worldwide | Lvmh Moet Hennessy Louis Vuitton SE, Hermes International SA, Capri Holdings Ltd, Fossil Group Inc, Kering SA, Prada SpA, Burberry Group PLC, Tapestry Inc, CHANEL, Compagnie Financiere Richemont SA Class A |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.0% of the global handbag market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil handbag market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 2,205.9 million by 2030.
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Handbag Market Scope
Handbag Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tapestry Inc | View profile | 20600 | 10 Hudson Yards, New York, NY, United States, 10001 | https://www.tapestry.com |
| Hermes International SA | View profile | 22067 | 24 rue du Faubourg Saint Honore, Paris, France, 75008 | https://www.hermes.com |
| CHANEL | View profile | 10001+ | Neuilly-sur-seine, Ile-de-France, France, Europe | https://www.chanel.com/us/ |
| Prada SpA | View profile | 14876 | Via Antonio Fogazzaro, 28, Milan, Italy, 20135 | https://www.pradagroup.com |
| Compagnie Financiere Richemont SA Class A | View profile | 37117 | 50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, Switzerland, 1293 | https://www.richemont.com |
| Burberry Group PLC | View profile | 9336 | Horseferry Road, Horseferry House, London, United Kingdom, SW1P 2AW | https://www.burberryplc.com |
| Capri Holdings Ltd | View profile | 15100 | 90 Whitfield Street, 2nd Floor, London, United Kingdom, W1T 4EZ | https://www.capriholdings.com |
| Fossil Group Inc | View profile | 6100 | 901 S. Central Expressway, Richardson, TX, United States, 75080 | https://www.fossilgroup.com |
| Lvmh Moet Hennessy Louis Vuitton SE | View profile | 192346 | 22, Avenue Montaigne, Paris, France, 75008 | https://www.lvmh.com |
| Kering SA | View profile | 49000 | 40 Rue de Sevres, Paris, France, 75007 | https://www.kering.com |
Brazil handbag market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to handbag market will help companies and investors design strategic landscapes.
Tote bag was the largest segment with a revenue share of 42.56% in 2024. Horizon Databook has segmented the Brazil handbag market based on tote bag, clutch, satchel covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing usage of handbags by working-class women in Brazil is projected to be a prominent factor driving market growth. Moreover, according to the data released by Trading Economics in September 2021, the labor force participation rate in Brazil increased to 61.9% in July-September.
Tote bags are one of the most popular handbag styles because they are highly adaptable. A tote can be as small as a fabric bag or as huge as a leather purse. Totes, like satchels, are more structured than hobos, but they're still built with a lot of room inside.
The classic ‘it bag’ is a lovely baguette bag. The little purse is designed to look like a loaf of bread and is adorable, casual, and carefree. A baguette bag has a short strap that makes it a proper handbag rather than a shoulder bag.
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Target buyers of Brazil handbag market databook
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Our clientele includes a mix of handbag market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil handbag market , including forecasts for subscribers. This country databook contains high-level insights into Brazil handbag market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil handbag market size, by distribution channel, 2018-2030 (US$M)
Brazil Handbag Market Outlook Share, 2024 & 2030 (US$M)
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