Costume Jewelry Market 2022-2027 Size, Share, Forecast

The latest research study "Costume Jewelry Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the Global Costume Jewelry Market size reached US$ 30.78 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 47.13 Billion by 2027 exhibiting a CAGR of 7.10% during 2022-2027.

Industry Definition and Application:

Costume jewelry represents fashion accessories or decorative items generally manufactured using inexpensive materials, such as synthetic stones, ivory, plastic, terracotta, glass, etc. It can also be produced from pearls and semi-precious metals, including silver, aluminum, brass, etc. Costume jewelry is extensively available in impressive designs and worn for personal adornment or to complement current fashions, specific outfits, garments, etc. It assists the wearer in adding aesthetics, enhancing beauty, providing versatility, etc. Some of the common types of costume jewelry include anklets, earrings, finger and nose rings, bangles, necklaces, etc.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Costume Jewelry Platform Trends and Drivers:

The growing consumer consciousness towards personal appearances is primarily driving the costume jewelry market. Additionally, the escalating demand for affordable pieces of adornment and the widespread adoption of aggressive promotional activities, including celebrity endorsements and various discount offers, are further catalyzing the market growth.

Besides this, easy product availability across e-commerce platforms, the rising penetration of the internet, and numerous innovations in jewelry packaging styles are acting as significant growth-inducing factors. Moreover, the leading manufacturers are experimenting with different semi-precious stones, metals, beads, etc., to provide several varieties of costume jewelry that cater to diverse fashion needs at cost-effective rates, which is positively influencing the global market.

Apart from this, the introduction of customized product variants that can be engraved with specific names, quotes, designs, colors, etc., to create uniqueness and add emotional connection is anticipated to fuel the costume jewelry market over the forecasted period.

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Report Segmentation:

The report has segmented the market on the basis of region, 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

List of Major Key Players:

The major players in the market are 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.

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