How to say the market for luxury goods is growing fast. in Japanese

1)贅沢品贅沢品(zeitakuhin) (n) luxury itemの(no) (prt) indicates possessive/nominalizes verbs and adjectives/substitutes for "ga" in subordinate phrases/indicates a confident conclusion/ indicates emotional emphasis/indicates question市場市場(shijou) (n) market/marketplaceは(ha) (int) indicating a subject/yes/indeed/well/ha!/what?/huh?/sigh急速急速(kyuusoku) (adj-na,n) rapidに(ni) (prt) indicates such things as location of person or thing, location of short-term action, etc.成長成長(seichou) (n,vs) growth/grow to adulthoodし(shi) (num) 10^24/septillion/quadrillionているている(teiru) (v) an "ing" form of the previous verb。(。) Japanese period "."    
zeitakuhin no shijou ha kyuusoku ni seichoushi teiru 。
Grammer form日常会話 (Casual form)Casual form (nichijoukaiwa)
everyday casual language, commonly used between friends and family.
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Translation by mookeee
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