Asia-Pacific Jewelry Market Databank
The Jewelry market was valued at $248.2 Million in 2020, and is projected to reach $678.6 Million by 2029 growing at a CAGR of 11.87% from 2021 to 2029. Necklace segment is expected to be the highest contributor to this market, with $104.2 Million in 2020, and is anticipated to reach $284.2 Million by 2029, registering a CAGR of 11.85%. Earring segment is anticipated to reach $59.0 Million by 2029 with the highest CAGR of 12.00%. Necklace and Ring segments collectively expected to account for about 68.2% share of the Jewelry market in 2020, with the former constituting around 42.0% share. Earring and Ring segments are expected to witness significant growth rates at a CAGR of 12.00% and 11.89% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 34.8% in the overall Jewelry market in 2020, and is anticipated to reach 35.0% by 2029.
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