The global costume jewelry market size reached US$ 35.2 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 58.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.85% during 2023-2032.
Costume jewelry refers to fashion accessories or decorative items generally manufactured using inexpensive materials, such as beads, non-precious metals, synthetic stones, ivory, plastic, terracotta, and glass. It can also be made from pearls and semi-precious metals such as silver, aluminum, and brass. Costume jewelry is widely available in impressive designs and is worn for personal adornment or to complement current fashions, specific outfits, or garments. Apart from this, it helps the wearer add aesthetics, enhance beauty, and provide versatility cost-effectively. Earrings, anklets, finger and nose rings, bangles and necklaces are some of the common types of costume jewelry.
Apart from this, various product innovations, such as the introduction of customized costume jewelry that can be engraved with specific quotes, names, designs, and colors to create uniqueness and add emotional connection, are providing a considerable boost to the market growth. Moreover, the widespread adoption of aggressive promotional activities, including celebrity endorsements and various discount offers, is positively impacting the market growth. Other factors, including the increasing purchasing power of the masses, the rising penetration of the internet, easy product availability across e-commerce platforms, innovations in jewelry packaging styles, and the increasing demand for men’s costume jewelry, are anticipated to drive the market toward growth.
2. What is the expected growth rate of the global costume jewelry market during 2024-2032?
3. What are the key factors driving the global costume jewelry market?
4. What has been the impact of COVID-19 on the global costume jewelry market?
5. What is the breakup of the global costume jewelry market based on the product type?
6. What is the breakup of the global costume jewelry market based on the gender?
7. What is the breakup of the global costume jewelry market based on the distribution channel?
8. What are the key regions in the global costume jewelry market?
9. Who are the key players/companies in the global costume jewelry market?
Costume jewelry refers to fashion accessories or decorative items generally manufactured using inexpensive materials, such as beads, non-precious metals, synthetic stones, ivory, plastic, terracotta, and glass. It can also be made from pearls and semi-precious metals such as silver, aluminum, and brass. Costume jewelry is widely available in impressive designs and is worn for personal adornment or to complement current fashions, specific outfits, or garments. Apart from this, it helps the wearer add aesthetics, enhance beauty, and provide versatility cost-effectively. Earrings, anklets, finger and nose rings, bangles and necklaces are some of the common types of costume jewelry.
Costume Jewelry Market Trends:
The evolving fashion trends owing to inflating income levels and increasing consciousness regarding personal appearances are creating a positive outlook for the market. In line with this, the rising working populace has facilitated the demand for affordable pieces of adornments, such as costume jewelry, which is further propelling the market growth. Additionally, manufacturers are experimenting with different semi-precious stones, beads, and metals to provide numerous varieties of costume jewelry that cater to diverse fashion needs at cost-effective rates. This, in turn, is favoring the market growth.Apart from this, various product innovations, such as the introduction of customized costume jewelry that can be engraved with specific quotes, names, designs, and colors to create uniqueness and add emotional connection, are providing a considerable boost to the market growth. Moreover, the widespread adoption of aggressive promotional activities, including celebrity endorsements and various discount offers, is positively impacting the market growth. Other factors, including the increasing purchasing power of the masses, the rising penetration of the internet, easy product availability across e-commerce platforms, innovations in jewelry packaging styles, and the increasing demand for men’s costume jewelry, are anticipated to drive the market toward growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global costume jewelry market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, gender and distribution channel.Breakup by Product Type:
- Rings
- Necklaces and Chains
- Earrings
- Cufflinks and Studs
- Bracelets
- Others
Breakup by Gender:
- Female
- Male
Breakup by Distribution Channel:
- Offline
- Online
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Avon Products Inc. (Natura & Co), Buckley London, Chanel, Compagnie Financière Richemont SA, David Yurman Enterprises LLC, Gianni Versace S.r.l. (Capri Holdings Limited), Giorgio Armani S.p.A., H & M Hennes & Mauritz AB, H. Stern, LVMH Moët Hennessy Louis Vuitton, Pandora A/S, Prada S.p.A., Stuller Inc. and Yanbal.Key Questions Answered in This Report
1. What was the size of the global costume jewelry market in 2023?2. What is the expected growth rate of the global costume jewelry market during 2024-2032?
3. What are the key factors driving the global costume jewelry market?
4. What has been the impact of COVID-19 on the global costume jewelry market?
5. What is the breakup of the global costume jewelry market based on the product type?
6. What is the breakup of the global costume jewelry market based on the gender?
7. What is the breakup of the global costume jewelry market based on the distribution channel?
8. What are the key regions in the global costume jewelry market?
9. Who are the key players/companies in the global costume jewelry market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Costume Jewelry Market
6 Market Breakup by Product Type
7 Market Breakup by Gender
8 Market Breakup by Distribution Channel
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Avon Products Inc. (Natura & Co)
- Buckley London
- Chanel
- Compagnie Financière Richemont SA
- David Yurman Enterprises LLC
- Gianni Versace S.r.l. (Capri Holdings Limited)
- Giorgio Armani S.p.A.
- H & M Hennes & Mauritz AB
- H. Stern
- LVMH Moët Hennessy Louis Vuitton
- Pandora A/S
- Prada S.p.A.
- Stuller Inc.
- Yanbal
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 35.2 Billion |
| Forecasted Market Value ( USD | $ 58.7 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
