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.
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.
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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.
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
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 Financière 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)
Table of Content
Chapter 1: Global Costume jewelry Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Costume jewelry market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Costume jewelry Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Costume jewelry market Size Forecast (2023-2032).
Continue….
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(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Costume jewelry market revenues on a global, regional, and country level, projecting trends until 2032. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Costume jewelry market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Costume jewelry market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Costume jewelry business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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