Pearl Jewelry Market By Type (Necklace, Earrings, Rings, Others), By Material (Gold, Silver, Others), By Pearl Nature (Cultured, Natural), By Pearl Source (Fresh Water, Salt Water), By Distribution Channel (Offline Channels, Online Channels): Global Opportunity Analysis and Industry Forecast, 2022-2031
The pearl jewelry market was valued at $2,779.6 million in 2021, and is estimated to reach $41,996.5 million by 2031, registering a CAGR of 13.2 % from 2022 to 2031. In 2021, the necklace segment occupied the largest market share as it is one of the most popular types of pearl jewelry pieces in the world. The pearl jewelry market offers necklaces, earrings, rings, and other items. Pearl jewelry is made by embedding a pearl into a piece of jewelry, either alone or with other stones, whereas pearl necklaces may also include a piece of metal completely surrounded by pearls. Because the color of the pearl is not always guaranteed during the manufacturing process, the study does not cover the various colors of pearls.
Natural pearls are both extremely rare and extremely expensive. The majority of pearls utilized in the pearl jewelry industry, however, are cultured. Cultured pearls are created by artificially embedding a seed into the mollusk, simulating the natural process of pearl formation. By seeding multiple mollusks at the same time, it is possible to culture multiple pearls at the same time, making culture pearls widely available. Freshwater cultured pearls are more plentiful because freshwater mollusks can produce a large number of pearls at once, whereas saltwater mollusks can only produce two to three pearls at a time. Because cultured pearls are more widely available, they can be used to make pearl jewelry, lowering the overall cost of the pearls and the jewelry pieces. As a result, demand for pearl jewelry made with cultured pearls is expected to rise during the forecast period.
Pearl cultivation is a method of artificially inserting seeds into mollusks to mimic the pearl formation process. However, there are some difficulties associated with the production of cultured pearls. The life of the mollusks, the quality of the water, and the duration of pearl production influence the production of cultured pearls. Fresh water pearl cultivation is simpler; however, over-cultivation creates significant harm to the environment and reduces pearl quality, impeding pearl production. Furthermore, cultivation of saltwater pearls is difficult due to a scarcity of saltwater mollusks as well as challenges with preserving the mollusks' health. These types of factors have a significant impact on pearl cultivation, which has a detrimental effect on the pearl jewelry market.
Women have traditionally worn pearl jewelry; however, men are increasingly wearing pearl jewelry. Gender differentiation and gender-specific products such as clothing and jewelry are becoming outdated with younger generations, with many millennial and Gen Z consumers adopting various pieces of jewelry and ornamentation to increase their sense of aesthetics and style. Pearl necklaces and rings are becoming increasingly popular among male consumers because they help provide a sense of grace and beauty that many men associate with in modern times. This rapidly increasing adoption of pearl jewelry by men in the younger generation of the population will contribute to future market growth.
The pearl jewelry market is segmented on the basis of type, material, pearl nature, pearl source, distribution channel, and region. By type, the pearl jewelry market is classified into necklace, earrings, rings, and others. Depending on material, the market is categorized into gold, silver, and others. By pearl nature, the market is divided across cultures and natural. By pearl nature, the market is divided across fresh water and salt water. According to the distribution channel used for the sale of pearl jewelry, the market is segmented into offline channels and online channels. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, United Arab Emirates, South Africa, and the Rest of LAMEA).
Some of the major players analyzed in this report are K. Mikimoto & Co., Ltd., T&CO., Isle of Wight Pearl, Pearl Paradise, Kailis , Jewelmer , CPI Luxury Group Assael, TASAKI & Co., Ltd., Pearl Falco., Wing Wo Hing Jewelry Group, Akuna Pearls, Pearl Jewelry Ito, Inc., Aquarian Pearls, Pearls of Australia, and Palas Emporio Pty Ltd.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pearl jewelry market analysis from 2021 to 2031 to identify the prevailing pearl jewelry market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the pearl jewelry market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global pearl jewelry market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeNecklace
Earrings
Rings
Others
By Pearl NatureCultured
Natural
By Distribution ChannelOffline Channels
Sub-Type
Jewelry Stores
Brand Stores
Supermarkets
Online Channels
By Pearl SourceFresh Water
Salt Water
By MaterialGold
Silver
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Saudi Arabia
United Arab Emirates
South Africa
Rest of LAMEA
Key Market Players
Akuna Pearls
Aquarian Pearls
Pearls Of Australia Pty Ltd.
Pearl Falco Corporation
Kailis Jewellery
Isle of Wight Pearl
Pearl Jewelry Ito, Inc.
Palas Emporio Pty Ltd.
LVMH
Jewelmer
CPI Luxury Group
TASAKI & Co., Ltd.
Pearl Paradise
K. Mikimoto & Co., Ltd.
Wing Wo Hing Jewelry Group Ltd.
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