Global Costume Jewelry Market Expected To Grow At Approx 6.3% CAGR During 2020–2026

18-Aug-2020 | Zion Market Research

As per the researchers at Zion Market Research, in 2019, the global costume jewelry market was capitalized at around USD 26.53 billion and is projected to reach about USD 44.76 billion by 2026, growing at approx 6.3% CAGR during the forecast period. The key players active in the global costume jewelry market consist of Yurman Design, Inc., DCK Concessions, LOUIS VUITTON, Cartier, Billig Jewelers, Inc., Buckley Jewellery Limited, Stuller, Inc., Swank, Inc., Gianni Versace S.p.A., Avon Product Inc., and BaubleBar Inc., among others. These merchants are engaged in partnerships with distributors and retailers across the world so as to boost their market share within the global costume jewelry market. These players are concentrating on enhancing their market status by extending their distribution network. Makers are improving their R&D abilities and making attempts to enhance the design, packaging, and quality of their products. This is anticipated to result in the launch of advanced products during the forecast period in the costume jewelry market.

Rising Fashion Consciousness Among People To Spur The Demand For Costume Jewelry

The major factors contributing to the growth of the global costume jewelry market include the altering lifestyle, the rising disposable income, and the growing fashion consciousness. Moreover, the rising product demand as a result of the increasing working population is also expected to drive market growth. Furthermore, the rising number of makers has introduced loads of reasonable alternatives, thereby escalating the recognition among the youngsters, working women, and corporate people. This has resulted in a rise in product demand and expected to continue so in the coming period as well. Also, the frequent change in the price of silver and gold has been a key reason for the increase in product demand. In addition, rising Internet penetration and e-commerce in urban and rural areas have also influenced the demand for costume jewelry, thus boosting the market growth.

North America To Lead The Global Costume Jewelry Market In The Coming Period

The global costume jewelry market is segmented based on distribution channel, gender, product type, and region. The global costume jewelry market, based on gender, is bifurcated into male and female. The product type segment of the global market is categorized into earrings, cufflinks & studs, necklaces & chains, bracelets, rings, and others. Based on distribution channel, the global costume jewelry market is divided into offline stores and online stores. Regionally, North America is expected to rule the global market as a result of the rising fashion sense, specifically among men. Further, Asia Pacific region is also expected to show a rapid rate of expansion due to the growing teenage population, increasing urbanization, rising population, mounting count of females in the corporate sector.

Browse the full “Global Costume Jewelry Market -By Product Type (Earrings, Bracelets, Necklaces & Chains, Cufflinks & Studs, Rings, And Others), By Gender (Female And Male), By Distribution Channel (Offline Stores And Online Stores), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/costume-jewelry-market

The global costume jewelry market is segmented as follows:

By Distribution Channel

  • Online Stores
  • Offline Stores

By Type

  • Necklace & Chain
  • Rings
  • Bracelet
  • Earrings
  • Cufflinks & Studs
  • Others

By Gender

  • Male
  • Female

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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