Costume Jewelry Market Growth Opportunity Analysis and Industry Forecast, 2014-2022 | Buckley London, Avon Product, Swank, Cartier, LOUIS VUITTON, DCK Concessions, Billig Jewelers, BaubleBar, Giorgio Armani S.p.A
Costume jewelry market has witness increased adoption owing to factors such as increasing prices of gold, silver & other precious gems jewelry, increasing demand for men costume jewelry and availability of a wide variety of designs in costume jewelry.
The costume jewelry market has significantly benefited from the economic growth in the Asia-Pacific and LAMEA regions. Rise in living standards, and growing fashion consciousness are expected to boost market growth. Presently, costume jewelry are high in demand among corporate people, working women, teenagers, and working population owing to affordability and increasing demand of men costume jewelry.
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Advancements in online marketing trends and increase in use of digital media for product marketing are the key factors contributing to the growth of the global costume jewelry industry. Increase in adoption of technologically advanced techniques and colorful stones for artificial jewelry would contribute to the growth of e-commerce websites for imitation jewelries. However, fluctuating raw material prices and strict trade laws are some of the major factors that could hamper the market growth.
The report segments the global costume jewelry market on the basis of product type, gender, mode of sale and geography. Based on the type of the product, the market is categorized into necklaces & chains, rings, earrings, bracelets, cufflinks & studs, and others. Among these products, the necklaces & chains and bracelets segments are majorly in demand and hold a combined share of around 44% in global costume jewelry market. The mode of sale comprises of retail and online sale, where retail mode is further classified into brand outlets, boutiques, multi-brand stores, and specialty stores. Customers majorly prefer the retail mode of sale while buying jewelry. However, online medium for the purchase of costume and imitation jewelry is observed to be a rising trend among them. Online sales channel is expected to grow at the highest CAGR of 7.7% during the forecast period.
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Key players profiled in the report are Buckley London, Avon Product, Swank, Cartier, LOUIS VUITTON, DCK Concessions, Billig Jewelers, BaubleBar, Giorgio Armani S.p.A, and Stuller, Inc.
Costume Jewelry Market Key Segments:
By Product Type
Necklaces & Chains
Cufflinks & studs
Others (Brooches, pendants, anklets, pins)
By Mode of Sale
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