Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Costume Jewelry Market, The Global Costume Jewelry Market was valued at USD 45.8 billion in 2022 and is estimated to grow at a CAGR of around 6.5% during the forecast period, i.e., 2024-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Costume Jewelry Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

• Forecast Period: 2024-2030
• CAGR (2024-2030): 6.5%

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Global Costume Jewelry Market Segmentation Breakdown:

The Costume Jewelry Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By Type
  • Necklace & Chain
  • Ring
  • Bracelets
  • Earrings
  • Others

The Necklace & Chain segment is projected to hold the largest share of the Costume Jewelry Market, owing to the availability of various shaped & sized items.

• By Distribution Channel
  • Online stores
  • Offline stores
• By End Users
  • Women
  • Men

The Women segment dominated the market in 2022 and is anticipated to account for the highest share in the years ahead.

Geographical Growth Insights:

• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

North America is the prominent region playing a leading role in the Costume Jewelry Market due to the maximum adoption of fashion jewelry & evolving retail organization.

MarkNtel Advisors Highlights Key Market Drivers for Costume Jewelry Market:

Surging Fashion Consciousness & High Cost of Fine Jewelry to Aid in Market Growth – In recent years, consciousness regarding fashion has increased, which has been surging the adoption of costume jewelry such as bracelets, rings, necklaces, earrings, etc. Costume jewelry is in high demand among teenagers, corporate people, and working populations due to its affordability, which significantly holds a considerable share & helps to drive the market growth globally.

Moreover, the shifting perception of consumers to purchase cost-effective jewelry over expensive ones contributes to enhancing the Costume Jewelry Market size. Furthermore, to add beauty to the attire, consumers can purchase attractive jewelry via online shops at less cost, thus upscaling the demand graph. Also, increasing disposable income & rising urbanization aid in elevating the growth of the Costume Jewelry Market in the future years as well.

A Comprehensive Analysis of Leading Companies in Global Costume Jewelry Market

• Avon Products, Inc.
• Buckley London
• Compagnie Financière Richemont SA
• Randa Accessories
• Stuller, Inc.
• Giorgio Armani S.P.A.
• DCK Group
• Yurman Design Inc.
• The Colibri Group
• Stern Com. & Ind. S.A
• Swank Inc.
• Others

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What are the growth Opportunity driving the Global Costume Jewelry Market?

Surging Manufacturers’ Efforts Act as a Lucrative Opportunity for the Market – As the demand for costume jewelry has been growing over the years, the market size is poised to enhance in the coming years. Nowadays, consumers are seeking jewelry with less harmful & minimum side-effects, providing cost-effectiveness.

Due to such factors, many manufacturers, such as Avon Products, Inc., Buckley London, and Yurman Design, Inc., are focusing on investing in marketing approaches that can promote the valuable aspects of their products related to costume jewelry. Hence, these efforts of key manufacturers & increasing mandate for costume jewelry produce a lucrative opportunity for the Costume Jewelry Market, possibly raising the growth rate during the forecast period.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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