MarkNtel Advisors – Leading Market Research Company found Global Costume Jewelry Market is expected to reach 6.5% CAGR Growth By 2030.
This report provides a comprehensive analysis of the Global Costume Jewelry Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Costume Jewelry Market
Base Year: 2023
Forecast Years: 2024-2030
Historical Years: 2019-2022
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Scope of the Costume Jewelry Market Report:
The Global Costume Jewelry Market was valued at USD 45.8 billion in 2022 and is estimated to grow at a CAGR of around 6.5% during the forecast period, i.e., 2024-30. With the booming fashion consciousness, adoption of Western society, and ascending income levels, the market is projected to propel. Costume jewelry is majorly utilized by the population to enhance & complete their fashionable outfit look. Hence, due to the increasing consciousness of fashion & jewelry worldwide, the demand for this jewelry is destined to upscale. Youngsters across the globe are inclined towards trending fashion and desire to keep up with the changing lifestyle. Therefore, as costume jewelry is affordable & has an attractive appearance, it is becoming popular among the young population.
Which prominent factor is expected to drive the Costume Jewelry Market during 2024-30?
Surging Fashion Consciousness & High Cost of Fine Jewelry to Aid in Market Growth – In recent years, consciousness regarding fashion has increased, which has been surging the adoption of costume jewelry such as bracelets, rings, necklaces, earrings, etc. Costume jewelry is in high demand among teenagers, corporate people, and working populations due to its affordability, which significantly holds a considerable share & helps to drive the market growth globally.
Moreover, the shifting perception of consumers to purchase cost-effective jewelry over expensive ones contributes to enhancing the Costume Jewelry Market size. Furthermore, to add beauty to the attire, consumers can purchase attractive jewelry via online shops at less cost, thus upscaling the demand graph. Also, increasing disposable income & rising urbanization aid in elevating the growth of the Costume Jewelry Market in the future years as well.
What are the different Segment Available in the Costume Jewelry Market?
By Type
- Necklace & Chain
- Ring
- Bracelets
- Earrings
- Others
By Distribution Channel
- Online stores
- Offline stores
By End Users
- Women
- Men
By Company
- Revenue Shares
- Competition Characteristics
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
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Leading Costume Jewelry companies operating in the Market
- Avon Products, Inc.
- Buckley London
- Compagnie Financière Richemont SA
- Randa Accessories
- Stuller, Inc.
- Giorgio Armani S.P.A.
- DCK Group
- Yurman Design Inc.
- The Colibri Group
- Stern Com. & Ind. S.A
- Swank Inc.
- Others.
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