Costume Jewelry Market Size, Share & Trends Analysis Report By Product (Necklace/Chain, Ring, Bracelet), By Distribution Channel (Online, Offline), By End-use (Men, Women), By Region, And Segment Forecasts, 2024 - 2030

Costume Jewelry Market Size, Share & Trends Analysis Report By Product (Necklace/Chain, Ring, Bracelet), By Distribution Channel (Online, Offline), By End-use (Men, Women), By Region, And Segment Forecasts, 2024 - 2030

Costume Jewelry Market Growth & Trends

The global costume jewelry market size is expected to reach USD 47.61 billion by 2030, registering a CAGR of 7.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing fashion consciousness, increasing number of working women, and rising disposable income are some of the factors for the market growth.

n the basis of Product, the ring segment accounted for the largest market revenue share of 34.9% in 2023 due to increasing trends and the widespread appeal of spinners and customized rings among women worldwide. The necklace/chain segment is expected to register the fastest CAGR of 8.1% during the forecast period. Trend of changing the product on a daily basis among working women has led to the requirement of a variety of products, thereby influencing the product demand.

The offline segment dominated the market and accounted for 73.9% share of the overall revenue in 2023. Traditional method of shopping, presence of a wide variety of products, and option of customization as per the customer preference are anticipated to propel the segment growth in the near future. Online distribution channels are projected to exhibit the fastest growth rate of 7.9% over the forecast period, driven by the increasing adoption of e-commerce among consumers.

Asia Pacific costume jewelry market dominated the global costume jewelry market with a revenue share of 30.8% in 2023 due to urbanization, middle-class expansion, shifting consumer preferences, and e-commerce growth. Growing demand among working women as well as men in the emerging countries such as India and China, which account for 34% of the global population, is driving the market in the region. Europe costume jewelry is expected to experience substantial growth, driven by rising demand for bespoke jewelry and combination pieces featuring brass, silver, Alum, and copper.

Costume Jewelry Market Report Highlights

• By Product, the necklace/chain segment is expected to register the fastest CAGR of 8.1% during the forecast period.
• Based on distribution channel, online stores are expected to register a CAGR of 7.9% in the forecast period.
• The women’s segment dominated the market in 2023, accounting for a significant 59.6% share, driven by the occasion-specific wearing of jewelry.
• The male segment is anticipated to experience significant growth, with a CAGR of 7.2% during the forecast period, driven by the increasing fashion consciousness among male celebrities and their adoption of jewelry trends.

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