The “Costume jewelry Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Costume jewelry Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The costume jewelry market is expected to grow at a compound annual growth rate (CAGR) of 7.9% during the forecast period from 2021 to 2030.
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Costume jewelry is a range of jewelry products made with inexpensive raw materials, such as artificial stones, gems, glass, brass, aluminum, etc. These fashion accessories are used as an addition to compliment the outfit.
Growing consumer interest in fashionable and affordable jewelry is expected to boost the growth of the market during the forecast period. Moreover, countries like China, Brazil, and India are witnessing high adoption of fashion jewelry that can significantly fuel the growth of the market during the analysis period. Apart from that, increasing fashion consciousness in females and the growing adoption of jewelry such as bracelets, necklaces, and rings would boost the growth of the market.
Changing lifestyles, a rise in disposable income, and expensive precious metal jewelry are also expected to foster the growth of the costume jewelry market.
The market growth is also influenced by the appealing advertisements portraying celebrities to boost the demand among viewers. The innovative packaging adds another factor to surging demand. Apart from that, developing urbanization and the growing trend in men wearing immense pieces of jewelry, such as necklaces, rings, and bracelets, are forecasted to offer potential opportunities to the key players.
On the contrary, rising prices of raw materials can hamper the growth of the overall market.
Regional Analysis
The Asia-pacific region is expected to hold a maximum share in the global costume jewelry market during the analysis period. Countries like India and China are witnessing a rapid transformation in lifestyles, which can further contribute to the growth of the costume jewelry market. Moreover, the consumer shift to the urban area is expected to pave the market’s way toward growth. Hence, these factors will collectively surge the growth of the global costume jewelry market during the analysis period.
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Impact Analysis of COVID-19
The COVID-19 spread severely impacted the growth of the global costume jewelry market for several months, owing to the strict rules in various countries that prohibited public gatherings and celebrations.
Moreover, insufficient raw material and pause on travel services further hampered the manufacturing activities. It also reduced the chances of innovation. Hence, COVID-19 had abruptly affected the global costume jewelry market.
Moreover, traditional jewelry stores had to shut their doors due to the strict lockdown restrictions. The shutdown of these stores halted the trade activities. Hence, the global costume jewelry market was severely impacted during the COVID-19 pandemic.
Key Market Segments
By Product Type
Necklaces & Chains
Earrings
Rings
Cufflinks & studs
Bracelets
Others
By Gender
Male
Female
By Mode of Sale
Retail Sale
Online Sale
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By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Key Players
Avon Products Inc., (United Kingdom)
Buckley London (London)
Compagnie Financiere Richemont SA (Europe)
DCK Group (England)
Giorgio Armani S.p.A.(Europe)
H.Stern Jewelers Inc. (United States)
LVMH Group (Europe)
Randa Accessories (United States)
Stuller, Inc. (United States)
Yurman Design Inc. (United States)
The Colibri Group. (United States)
Channel S.A. (United States)
Gianni Versace S.p.A.(Europe)
Gucci Group NV(Europe)
Swarovski Group (Europe)
PANDORA A/S(Europe)
H & M Hennes & Mauritz AB(Europe)
Zara(Europe)
PRADA (Europe)
Swank Inc.(United States)
Cartier(Europe)
Billig JewelersInc.(United States)
BaubleBar Inc.(North America)
Key Questions Answered in The Report:
- What are the strengths and weaknesses of the key vendors?
- Who are the Leading key gamers and what are their Key Business plans in the close to future?
- What will be the market increase price and measurement in the coming year?
- What are the principal key elements riding the market?
- What are the key market tendencies impacting the increase of the world Market?
- Which are Trending elements influencing the market shares of the pinnacle areas throughout the globe?
- What is the have an effect on of The Russia-Ukraine Crisis on the modern industry?
- Who are the key gamers and what are their strategies in the international Market?
- What are the market opportunities and threats confronted by using the carriers in the world Market?
- What industrial trends, drivers, and challenges are manipulating its growth?
- What are the key consequences of the 5 forces evaluation of the world industry?
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