Costume Jewelry Market

Costume Jewelry Market

Growth Factors of Costume Jewelry Market

The costume jewelry market size was valued at USD 32.83 billion in 2023, and the market is now projected to grow from USD 34.81 billion in 2024 to USD 56.35 billion by 2032, exhibiting a CAGR of 7.12% during the forecast period of 2024-2032.

The COVID 19 caused shifts in the market by disrupting the supply and demand of its costumes jewelry since people’s disposable income was affected. Affected by the current pandemic where corporate, religious, and social gatherings were limited, the fashion accessories market was gravely impacted. But many of them were retained by the rising trend in e-commerce as more consumers shifted to online shopping. Slowly the market started regaining the form with more focus on affordable luxury and using eco-friendly material. The pandemic also has prompted earlier inclinations toward digital marketing and direct clients’ sales approach in affecting the consumer interfaces of brands.

Today’s trends in the LLJC market are more concerned with sustainability, customization, and audacity. Consumers become pickier when it comes to using materials such as recycled metals and fairly traded gems. Cult items such as personalized name pendants and jewelry with birthstone are also expected to trend currently. Big and vibrant pieces of jewelries such as the earrings and chains are taken as trendy fashion accessories currently. Further, social media and partnerships with opinion leaders are also defining purchasing trends and behaviors here, as more and more companies choose a direct selling strategy and focus on online sales. Thus, all the above mentioned factors are contributing towards the costume jewelry market growth.

There are certain key factors contributing to the growth of costume jewelry market some of these are as follows: Increasing fashion consciousness Increasing affordability of the product Increased rely on social media. Consumers look forward to fashionable low-cost products that can be switched around quickly. Technological advancements have also made it easier for e-selling to create more market exposure to help brands get to the global market. Furthermore, we observe an increasing number of people seeking to buy jewelry made from environmentally friendly materials along with ethically sourced materials. And yet, such purchasing trends together with celebrity endorsements, influencer marketing and fashion collaborations also create demands and contribute to brand recognition which in turn propels market growth as well.

Comprehensive Analysis Costume Jewelry Market

The costume jewelry has been divided into different groups; these are rings, necklaces and chains, bracelets, earrings, and other accessories for different customers. Fashion is for both sexes, but different styles and needs predetermine clothing offerings for the two genders. The channels mode is also significant in market coverage with physical stores delivering conventional buying experiences, and virtual platforms, diverse choices but convenient. The increased use of e-commerce has modified the buying behavior as well as positively impacted on the accessibility in achieving a relationship with the customers and also diversification of accessories such as costume jewelry products.

North American region holds the largest share in the costume jewelry owing to the factors such as increased consumption, fashion sense, and sound retail infrastructure. This is will further being helped by the demographic diversity of the region and the high uptake of e-commerce platforms in the region. One of the prevalent trends noticeable is the one associated with the strong demand of people residing in cities, concentrating exclusively on affordable and fashionable accessories, promoted on social networks and by celebrities. Moreover, sustainability trends are emerging, which means that consumers are being forced to choose more environmentally friendly products. Since brand owners pay more attention to individualization and exclusivity of designs, North America continues to be an important driver in the costume jewelry business around the world.

Key players in this sector include Azone (China), TTT Jewelry (China), Teemtry Ltd (China), Kanhai Jewels (India), DWS Jewellery Pvt. Ltd. (India), Swarovski (Austria), YIBI Jewelry Co., Ltd. (China), Blingy Jewellery Pty Ltd (Australia), Viange Vintage (India), JewelryBund.com (China)

In 2024, this market has witnessed a trend of multiple necklaces as an accessory because of multipurpose and uniqueness of the combination. The trend which has been slowly arising is that of flexible necklaces where consumers can interchange and coordinate the pieces according to dressing style and events. Furthermore, the concept of charm and pendants which symbolize certain achievements or hobbies is arising lately thus making these kinds of pieces significant. Other trends, like using recycled metals and sustainable stones, are also becoming more important to customers, as the idea of sustainable jewelry became important in the industry.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 6.1% from 2023 to 2030

Unit Value (USD million)

Segmentation By Product Type, End-User, and Region

Segmentation By Product Type

Rolling Flat Dies

Thread Rolling Cylindrical Dies

Rotary Type Thread Rolling Dies

Rack Type Rolling Dies

Trimming Dies

Round Dies

Others (Drill Point Dies)

By End-User

Automotive

White Goods

Medical

Cutlery

Consumer Electronics

General Engineering

Others (Marine)

By Region

North America (By Product Type, End-User and Country)

• U.S.
• Canada

Europe (By Product Type, End-User and Country)

• U.K.
• Germany
• France
• Italy
• Spain
• Russia
• BENELUX
• Nordics
• Rest of Europe

Asia Pacific (By Product Type, End-User and Country)

• China
• India
• Japan
• South Korea
• ASEAN
• Oceania
• Rest of Asia Pacific

Middle East & Africa (By Product Type, End-User and Country)

• Israel
• Turkey
• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

South America (By Product Type, End-User and Country)

• Brazil
• Argentina
• Rest of South America


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