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Pulished Date April, 2021
ID: 10564
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Costume Jewelry Market Segmentation By Product (Necklaces and Chains, Earrings, Rings, Cufflinks and Studs, Bracelets and Others), Gender (Men and Women), Sales Channel (Offline and Online) and Region and Forecast to 2026.

Pulished: April, 2021
ID: 10564
Pages: 175

Costume Jewelry Market Size, Share & Growth (2021 – 2026):

The costume jewelry market was assessed at $32.9 billion in 2021 and is determined to reach $59.7 billion by 2026, developing with a CAGR of 7.80% from 2021 to 2026.

Costume jewelry, a type of jewelry, is made from inexpensive materials as compared to valuable materials like diamonds, gold, platinum, and others like gems and pearls. Costume jewelry is also known as fake jewelry. It is made with raw materials such as pearls, metals, glass, synthetic stones, ivory, plastic, semi-precious stones, among others. Other raw materials used in the manufacture of costume jewelry are brackets, pins, and manufactured metals. Pearls and semi-precious metals such as brass, silver, and aluminum are also used in making costume jewelry. Costume jewelry is particularly popular with women, corporate employees, and teenagers.

Currently, the urban population is made up of young people, workers, including a large number of working women. Due to the change in the economic situation, the lifestyle of the people has changed completely. They are influenced by social media, TV shows, fashion bloggers and others which is why wearing clothes with accessories is becoming one of the emerging trends in the market.

COVID-19 impact on Costume Jewelry Market:

Coronavirus is an unparalleled global public health emergency that has affected nearly all industries, so the projected long-term effects will affect industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of the underlying issues of COVID-19 and possible avenues. The report provides an overview of coronavirus taking into account changes in consumer behavior and demand, purchasing patterns, supply chain redirection, dynamics of current market forces, and significant government interventions.

Recent Developments:

  • In March 2016, Chanel S.A. launched its first e-commerce website to increase its reach and expand its target audience. Similarly, Gianni Versace Spa modified its website and associated it e-commerce platform of this brand.

Costume Jewelry Market growth and trends:

The huge increase in disposable income and the excessive increase in spending on fashion accessories influencing the look are some of the factors driving the growth of the costume jewelry market. The availability of costume jewelry in too many models and in different materials to suit individual pockets also explains its high demand.

The large-scale manufacture of high-quality costume jewelry is a global business. From raw material sourcing, design, and manufacturing, distribution, and sales, operations in the costume jewelry industry span across geographies. The raw material for costume jewelry is mainly sourced from Africa, Australia, and Canada is made in China and India and is sold on a large scale in North America and Europe.

The penetration of cable television among the masses of emerging economies has greatly influenced the clothing and style of the people. This indirectly boosted jewelry sales. People of all classes, even those with low financial backgrounds, tend to spend considerable sums on affordable costume jewelry to mimic characters from popular soap operas.

Costume Jewelry Market Drivers and Restraints:

The fluctuation of the price of gold and the increase in the price of gold, diamonds, and other precious materials are the main drivers of the global costume jewelry market. Increasing adoption of Western culture and the surge in the disposable income of consumers are likely to drive the global costume jewelry business over the envisioned period. In addition, the availability of trendy colored stone jewelry and various types of inexpensive costume jewelry is supposed to drive the demand for business around the world in the coming years. Costume jewelry requires low maintenance cost and can be transported safely, which is not the case with real jewelry.

Furthermore, lifestyle changes and people's inclination towards artistic appearance are expected to drive the growth of the global costume jewelry market over the conjecture period. However, growing security concerns, especially at airports, and rising concerns related to trade laws and imports and exports are estimated to hamper the growth of the global costume jewelry market. Furthermore, rising commodity prices due to disorganized supply chain management are expected to slow market growth during the forecast period. Nonetheless, costume jewelry, due to its low manufacturing cost, is likely to create significant opportunities for market players in the coming years.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

7.80%

Segments Covered

Based on the product, According to gender, Depending on the sales channel

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Buckley Jewelry Limited, Avon Products Inc., H. Stern Com & Ind SA, Channel SA, Stuller Inc., Billig Jewelers Inc., The Colibri Group, Cartier SA, Swank Inc., Louis Vuitton Inc., Yurman Design Inc. and Gianni Versace SpA.

Costume Jewelry Market segmentation:

  • Based on the product, the market is segmented into necklaces and chains, earrings, rings, cufflinks and studs, bracelets and others. Among these, the ring segment is expected to dominate the market during the foreseen period as rings are cheaper than other jewelry, further driving this business growth.
  • According to gender, the market is segmented into men and women. Among these, the female segment supposedly leads the market during the estimated period. This is due to the high use of jewelry for various events. Women are more attracted to jewelry because it makes them look beautiful and highlights their outfit. In addition, due to the growing trend of accessories, the demand for costume jewelry is increasing among women and young people.
  • Depending on the sales channel, the market is mainly bifurcated into offline and online. Among these, the online sales channel is supposed to see a higher CAGR during the envisioned period. This is due to the changing lifestyles of people and the improved shopping experience that e-commerce platforms provide.

Regional Analysis:

Based on the region, the Asia-Pacific is expected to dominate the market during the anticipated period. This is due to the growing population of young people and women working in the area. Also, countries like India prefer to wear jewelry as part of their culture, which will further increase the need for costume jewelry in the local market.

Key market players:

The main companies operating in the global costume jewelry market are Buckley Jewelry Limited, Avon Products Inc., H. Stern Com & Ind SA, Channel SA, Stuller Inc., Billig Jewelers Inc., The Colibri Group, Cartier SA, Swank Inc., Louis Vuitton Inc., Yurman Design Inc., and Gianni Versace SpA.

1. Introduction            

    1.1 Market Definition        

    1.2 Scope of the report        

    1.3 Study Assumptions        

    1.4 Base Currency, Base Year and Forecast Periods         

2. Research Methodology            

    2.1 Analysis Design        

    2.2 Research Phases        

        2.2.1 Secondary Research    

        2.2.2 Primary Research     

        2.2.3 Data Modelling    

        2.2.4 Expert Validation    

    2.3 Study Timeline        

3. Report Overview            

    3.1 Executive Summary        

    3.2 Key Inferencees        

4. Market Dynamics            

    4.1 Impact Analysis        

        4.1.1 Drivers    

        4.1.2 Restaints    

        4.1.3 Opportunities    

    4.2 Regulatory Environment         

    4.3 Technology Timeline & Recent Trends        

5. Competitor Benchmarking Analysis            

    5.1 Key Player Benchmarking        

        5.1.1 Market share analysis    

        5.1.2 Products/Service    

        5.1.3 Regional Presence    

    5.2 Mergers & Acquistion Landscape        

    5.3 Joint Ventures & Collaborations        

6. Market Segmentation            

    6.1 Costume Jewelry Market, By Product        

        6.1.1 Necklaces and Chains    

        6.1.2 Earrings    

        6.1.3 Rings    

        6.1.4 Cufflinks and Studs    

        6.1.5 Bracelets    

        6.1.6 Market Size Estimations & Forecasts (2021-2026)    

        6.1.7 Y-o-Y Growth Rate Analysis    

        6.1.8 Market Attractiveness Index    

    6.2 Costume Jewelry Market, By Gender        

        6.2.1 Men    

        6.2.2 Women    

        6.2.3 Market Size Estimations & Forecasts (2021-2026)    

        6.2.4 Y-o-Y Growth Rate Analysis    

        6.2.5 Market Attractiveness Index    

    6.3 Costume Jewelry Market, By Sales Channel        

        6.3.1 Offline    

        6.3.2 Online    

        6.3.3 Market Size Estimations & Forecasts (2021-2026)    

        6.3.4 Y-o-Y Growth Rate Analysis    

        6.3.5 Market Attractiveness Index    

7. Geographical Landscape            

    7.1 Global Identity Governance and Administration Market, by Region        

    7.2 North America - Market Analysis (2021- 2026)        

        7.2.1 By Country    

            7.2.1.1 USA 

            7.2.1.2 Canada

        7.2.2 By Product    

        7.2.3 By Gender    

        7.2.4 By Sales Channel    

    7.3 Europe        

        7.3.1 By Country    

            7.3.1.1 UK

            7.3.1.2 France

            7.3.1.3 Germany

            7.3.1.4 Spain

            7.3.1.5 Italy

            7.3.1.6 Rest of Europe

        7.3.2 By Product    

        7.3.3 By Gender    

        7.3.4 By Sales Channel    

    7.4 Asia Pacific        

        7.4.1 By Country    

            7.4.1.1 China

            7.4.1.2 India

            7.4.1.3 Japan

            7.4.1.4 South Korea

            7.4.1.5 South East Asia

            7.4.1.6 Australia & NZ

            7.4.1.7 Rest of Asia-Pacific

        7.4.2 By Product    

        7.4.3 By Gender    

        7.4.4 By Sales Channel    

    7.5 Latin America        

        7.5.1 By Country    

            7.5.1.1 Brazil

            7.5.1.2 Argentina

            7.5.1.3 Mexico

            7.5.1.4 Rest of Latin America

        7.5.2 By Product    

        7.5.3 By Gender    

        7.5.4 By Sales Channel    

    7.6 Middle East and Africa        

        7.6.1 By Country    

            7.6.1.1 Middle East

            7.6.1.2 Africa

        7.6.2 By Product    

        7.6.3 By Gender    

        7.6.4 By Sales Channel    

8. Key Player Analysis            

    8.1 Buckley Jewelry Limited        

        8.1.1 Business Description    

        8.1.2 Products/Service    

        8.1.3 Financials    

        8.1.4 SWOT Analysis    

        8.1.5 Recent Developments    

        8.1.6 Analyst Overview    

    8.2 Avon Products Inc        

    8.3 H. Stern Com & Ind SA        

    8.4 Stuller Inc        

    8.5 Billig Jewelers Inc        

    8.6 The Colibri Group        

    8.7 Cartier SA        

    8.8 Swank Inc        

    8.9 Louis Vuitton Inc        

    8.10 Gianni Versace SpA       

9. Market Outlook & Investment Opportunities          

10. Appendix            

    List of Tables        

    List of Figures

  • Global, Regional, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of Product, Gender, Sales Channel along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Costume Jewelry Market By Region, From 2021-2026 ( USD Billion )
  2. Global Costume Jewelry Market By Product, From 2021-2026 ( USD Billion )
  3. Global Necklaces and Chains Market By Region, From 2021-2026 ( USD Billion )
  4. Global Earrings Market By Region, From 2021-2026 ( USD Billion )
  5. Global Rings Market By Region, From 2021-2026 ( USD Billion )
  6. Global Cufflinks and Studs Market By Region, From 2021-2026 ( USD Billion )
  7. Global Bracelets Market By Region, From 2021-2026 ( USD Billion )
  8. Global Costume Jewelry Market By Gender, From 2021-2026 ( USD Billion )
  9. Global Men Market By Region, From 2021-2026 ( USD Billion )
  10. Global Women Market By Region, From 2021-2026 ( USD Billion )
  11. Global Costume Jewelry Market By Sales Channel, From 2021-2026 ( USD Billion )
  12. Global Offline Market By Region, From 2021-2026 ( USD Billion )
  13. Global Online Market By Region, From 2021-2026 ( USD Billion )

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