# Global Counterfeit Market

<figure><img src="/files/bkmlTCB5w82gkw3AITHG" alt=""><figcaption></figcaption></figure>

In 2022, the global market for counterfeits reached an [estimated](https://www.thefashionlaw.com/state-of-the-fake-a-snapshot-of-the-trillion-dollar-counterfeit-market/#:~:text=As%20of%202022%2C%20the%20global,significant%20portion%20of%20that%20total.) $4.2 trillion, with luxury and fashion goods accounting for a large portion of that total. LVMH alone [employs](https://hbr.org/2019/05/how-luxury-brands-can-beat-counterfeiters#:~:text=And%20then%20there%20are%20the,on%20anti%2Dcounterfeiting%20legal%20action.) at least 60 lawyers and spends $17 million annually on anti-counterfeiting legal action. SHOPX will put trillions of dollars back in the hands of brands and creators.


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