Costume Jewelry Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Costume Jewelry Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global costume jewelry market size reached US$ 33.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 49.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.

Costume jewelry refers to fashion accessories or decorative items generally manufactured using inexpensive materials, such as beads, non-precious metals, synthetic stones, ivory, plastic, terracotta, and glass. It can also be made from pearls and semi-precious metals such as silver, aluminum, and brass. Costume jewelry is widely available in impressive designs and is worn for personal adornment or to complement current fashions, specific outfits, or garments. Apart from this, it helps the wearer add aesthetics, enhance beauty, and provide versatility cost-effectively. Earrings, anklets, finger and nose rings, bangles and necklaces are some of the common types of costume jewelry.

Costume Jewelry Market Trends:

The evolving fashion trends owing to inflating income levels and increasing consciousness regarding personal appearances are creating a positive outlook for the market. In line with this, the rising working populace has facilitated the demand for affordable pieces of adornments, such as costume jewelry, which is further propelling the market growth. Additionally, manufacturers are experimenting with different semi-precious stones, beads, and metals to provide numerous varieties of costume jewelry that cater to diverse fashion needs at cost-effective rates. This, in turn, is favoring the market growth. Apart from this, various product innovations, such as the introduction of customized costume jewelry that can be engraved with specific quotes, names, designs, and colors to create uniqueness and add emotional connection, are providing a considerable boost to the market growth. Moreover, the widespread adoption of aggressive promotional activities, including celebrity endorsements and various discount offers, is positively impacting the market growth. Other factors, including the increasing purchasing power of the masses, the rising penetration of the internet, easy product availability across e-commerce platforms, innovations in jewelry packaging styles, and the increasing demand for men’s costume jewelry, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global costume jewelry market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, gender and distribution channel.

Breakup by Product Type:

Rings
Necklaces and Chains
Earrings
Cufflinks and Studs
Bracelets
Others

Breakup by Gender:

Female
Male

Breakup by Distribution Channel:

Offline
Online

Breakup by Region:

North America

United States
Canada

Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Avon Products Inc. (Natura & Co), Buckley London, Chanel, Compagnie Financière Richemont SA, David Yurman Enterprises LLC, Gianni Versace S.r.l. (Capri Holdings Limited), Giorgio Armani S.p.A., H & M Hennes & Mauritz AB, H.Stern Jewelers, LVMH Moët Hennessy Louis Vuitton, Pandora A/S, Prada S.p.A., Stuller Inc. and Yanbal.

Key Questions Answered in This Report:

How has the global costume jewelry market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global costume jewelry market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the gender?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global costume jewelry market and who are the key players?
What is the degree of competition in the industry?