Costume Jewellery Market: Global Industry Analysis and Forecast (2022-2029)

Costume Jewellery Market size was valued at US$ 42.17 Bn. in 2022 and the total Costume Jewellery revenue is expected to grow at 7.2 % through 2023 to 2029, reaching nearly US$ 68.61 Bn.
Costume Jewellery Market Overview:
In this report, the Costume Jewellery market's growth reasons, as well as the market's many segments (Product Type, Gender, Mode of Sale, and Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Costume Jewellery market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Costume Jewellery market situation.To know about the Research Methodology :- Request Free Sample Report
Costume Jewellery Market Dynamics:
The fluctuating price of gold and the rise in the price of gold, diamonds, and other precious materials are the key driver of the growth of the market. Costume jewellery is less expensive than gold or other precious metal jewellery. Nowadays, trendy coloured stone jewellery and numerous varieties of costume jewellery are available on market at affordable prices. These types of imitation jewellery are less expensive to maintain and can be handled safely as compared to real jewellery. Furthermore, a rise in fashion consciousness, acceptance of western culture, and an increase in people's disposable income are also fuelling the market growth during the forecast period.

In addition, the growth of the costume jewellery market is also driven by an increase in fashion consciousness and a surge in the adoption of jewellery such as necklaces, rings, and bracelets among female customers. Furthermore, the expansion of the costume jewellery business is fueled by innovations in jewellery packaging styles, Increasing penetration of the internet and smartphone, various discount offers, aggressive advertising and celebrity involvement in promotional activities.

High-end jewellery is a type of designer jewellery that has a cost-effective luxurious appearance. Consumers also want products that are a copy of the originals. As a result, buyers are becoming more interested in the Original look-alike item. Metals like gold, silver, diamonds, and platinum are also the best quality gemstones. This factor is causing the trend to move from fine to fashion jewellery.

The rise in prices of raw materials used for costume jewellery and limited period popularity of the jewellery are some of the factors which hinder the market growth. On the other side, the increase in urbanization, growing fashion consciousness among youngsters, and surge in demand for costume jewellery for men offer opportunities for manufacturers to develop new innovative products according to customer preferences.
Costume Jewellery Market Segment Analysis:
By Product Type, the necklace and chains segment is expected to grow at the highest CAGR during the forecast period. Women love to wear necklaces or chains for traditional functions. Rising grooming consciousness among the women population across the globe is the primary factor driving revenue growth of the necklace and chains segment among the product type segment.

By Gender, the women's segment held the highest market share of xx% in 2022. The use of various types of jewellery for various occasions is the main reason for the segment's growth. Jewellery is a very important part for female users since it enhances their look. The rising cost of various materials such as gold and diamonds has diverted many women's attention to costume jewellery, which can be easily replaced according to the outfit and occasion without spending a lot of money. The market is also expected to be driven by the rising demand for luxury jewellery among corporate women for their day-to-day looks over the forecast period.

By Mode of Sale, the online segment is predicted to grow at the fastest CAGR of 7.5 % during the forecast period. The growing use and penetration of the internet is a key driver for the segment's growth. The arrival of online trusted dealers, as well as the hectic schedules of young customers both, are helping to drive the market growth.


Regional Insights:
In North America, the Costume Jewellery market is expected to grow owing to its developed retail system and increased acceptance of costume jewellery as a result of aggressive advertising and celebrity brand support. Furthermore, increased consumer spending on fashion accessories contributes to the popularity of costume jewellery in this region.

in the Asia-Pacific, the costume jewellery market has significantly benefited from the economic growth of this region. The rise in fashion consciousness and an increase in living standards among the people are responsible for driving the market growth. Costume Jewellery is nowadays in great demand among corporate people, working women, youngsters, and the working population, owing to their affordability and increased demand from males, which drives the overall market growth.

The objective of the report is to present a comprehensive analysis of the Costume Jewellery market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the market dynamics, and structure by analyzing the market segments and projecting the Costume Jewellery market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Costume Jewellery market make the report investor’s guide.
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Costume Jewellery Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 42.17 Bn.


Forecast Period 2023 to 2029 CAGR:
7.2  %
Market Size in 2029:
US $ 68.61 Bn.


 Segments Covered:
by Product Type
Necklaces & Chains
Earrings
Rings
Cufflinks & Studs
Bracelets
Others


by Gender
Male
Female


by Mode Of Sale
Retail Sale
Online Sale



Costume Jewellery Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players
1. Avon Product
2. Buckley London
3. Swank
4. Cartier
5. LOUIS VUITTON
6. DCK Concessions
7. Billig Jewelers
8. BaubleBar
9. Giorgio Armani
10. Stuller
11. The Colibri Group
12. H. Stern
13. Channel
14. Yurman Design
15. Gianni Versace
16. Gucci Group NV
17. Swarovski Group
18. PANDORA A/S
19. H & M Hennes & Mauritz AB
20. Zara
21. PRAD

Frequently Asked Questions:

1. Which region has the largest share in Global Costume Jewellery Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Costume Jewellery Market?
Ans: The Global Costume Jewellery Market is growing at a CAGR of 7.2% during forecasting period 2023-2029.

3. What is scope of the Global Costume Jewellery Market report?
Ans: Global Costume Jewellery Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Costume Jewellery Market?
Ans: The important key players in the Global Costume Jewellery Market are – Avon Product, Buckley London, Swank, Cartier, LOUIS VUITTON, DCK Concessions, Billig Jewelers, BaubleBar, Giorgio Armani, Stuller, and The Colibri Group

5. What is the study period of this Market?
Ans: The Global Costume Jewellery Market is studied from 2022 to 2029.