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Worldwide Costume Jewelry Industry to 2027 - Increase in Demand for Artificial Jewelry Products Presents Opportunities

Research and Markets
·8-min read

Dublin, July 15, 2020 (GLOBE NEWSWIRE) -- The "Costume Jewelry Market by Product Type, Gender and Mode of Sale Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

According to this report the costume jewelry market size was valued at $32.9 billion in 2019, and is estimated to reach $59.7 billion by 2027, registering a CAGR of 7.80% from 2020 to 2027.

In 2019, the necklaces & chains segment accounted highest share in the global costume jewelry market, and is expected to grow at a CAGR of 7.0% throughout the forecast period. North America is one of the prominent regions in the market that accounted for a size able share in 2019. Custom jewelry consists of fashion accessories, which are used to compliment an outfit. This type of jewelry is made from raw materials, which are less precious materials as compared to precious materials such as gold, diamond, and gems. The raw materials used for making costume jewelry include glass, plastic, semi-precious stones, beads, leather, aluminum, and brass. Increase in consumer preference for fashionable and affordable jewelry is expected to foster the growth of the global costume jewelry market.

The costume jewelry market has witnessed significant growth over the years, and is expected to grow at a steady pace duringthe forecasted period.This is attributed to various factors such as change in lifestyle, surge in prices of precious metal jewelry, rise in fashion consciousness, and change in packaging styles & attractive marketing strategies. Moreover, rise in interest of female as well as male consumers in costume jewelries due to celebrity endorsement has paved the way for costume jewelry. In addition, increase indisposable income and improvement inliving standards in the emerging countries such as China and India along with rise inaffinity of consumers in emerging economies toward fashion accessories boostt he demand for costume jewelry.

However, availability of low quality and counterfeit products and fluctuations in the prices of raw materials used to make these jewelries restrain the market growth. On the contrary, upsurge indemand for trendy & fashionable jewelries and increase inpopularity of costume jewelry among all generations are anticipated to provide lucrative growth opportunities for the expansion of the costume jewelry industry.

Key players profiled in the report are Avon Products, Inc., Buckley London, Compagnie Financire Richemont SA, DCK Group, Giorgio Armani S.p.A., H.Stern Jewelers, Inc., LVMH Group, Randa Accessories, Stuller, Inc., and Yurman Design Inc.

The other players operating in the global costume jewelry market are The Colibri Group, Channel S.A., Gianni Versace S.p.A., Gucci Group NV, Swarovski Group, PANDORA A/S, H & M Hennes & Mauritz AB, Zara, PRADA, Swank, Inc., Cartier, Billig Jewelers, Inc., and BaubleBar Inc.

Key Benefits

  • The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing costume jewelrymarket opportunities.

  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.

  • In-depth analysis of the size and segmentation assists to determinethe prevailing market opportunities.

  • The major countries in each region are mapped according to their revenue contribution to the global industry.

  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the costume jewelryindustry.

Key Findings

  • The costume jewelry market was valued at $32.9 billion in 2019 and is estimated to reach $59.7 billion by 2027,growing at a CAGR of 7.80% through the forecast period.

  • Depending on gender, the male segment would witness the fastest growth, registering a CAGR of 8.20% during the forecast period.

  • In 2019, by product type, the necklaces & chains, earrings, and rings segments collectively held the highest share, accounting for more than half of the global market share.

  • In 2019, China was the most prominent market in the Asia-Pacific region, and is expected to grow at a significant CAGR throughout the forecast period.

  • North America was the dominant region in 2019, accounting for more the one-third of the global costume jewelry market share.

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Key Topics Covered:

Chapter 1: Introduction

Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. Cxo Perspective

Chapter 3: Market Overvie
3.1. Market Definition and Scope
3.2. Parent/Peer Market Overview
3.1. Porter'S Five Forces Analysis
3.1.1. Moderate Bargaining Power of Suppliers
3.1.2. High Bargaining Power of Buyers
3.1.3. Moderate Threat of Substitutes
3.1.4. Moderate Threat of New Entrants
3.1.5. High Intensity of Rivalry
3.2. Market Evolution/ Industry Roadmap
3.3. Industry Pain Point Analysis
3.4. Supply Chain Analysis
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Rapid Urbanization
3.5.1.2. Surge Inonline Sales of Jewelry
3.5.1.3. Changes Injewelry Styles and Attractive Marketing Strategies
3.5.1.4. Rise in Number of Fashion-Conscious Consumers
3.5.1.5. High Prices of Gold and Silver Jewelries
3.5.2. Restraints
3.5.2.1. Import and Trade Laws for Costume Goods
3.5.2.2. Less Durability of Costume Jewelry
3.5.3. Opportunities
3.5.3.1. Increase in Demand for Artificial Jewelry Products
3.5.3.2. Inclination Toward Automation

Chapter 4: Costume Jewelry Market, by Product Type
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Necklaces &Chains
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast
4.2.3. Market Analysis by Country
4.3. Earrings
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast
4.3.3. Market Analysis by Country
4.4. Rings
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast
4.4.3. Market Analysis by Country
4.5. Cufflinks &Studs
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast
4.5.3. Market Analysis by Country
4.6. Bracelets
4.6.1. Key Market Trends, Growth Factors, and Opportunities
4.6.2. Market Size and Forecast
4.6.3. Market Analysis by Country
4.7. Others
4.7.1. Key Market Trends, Growth Factors, and Opportunities
4.7.2. Market Size and Forecast
4.7.3. Market Analysis by Country

Chapter 5: Costume Jewelry Market, by Gender
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Male
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast
5.2.3. Market Analysis by Country
5.3. Female
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast
5.3.3. Market Analysis by Country

Chapter 6: Costume Jewelry Market, by Mode of Sale
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Retail Sale
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast
6.2.3. Market Analysis by Country
6.3. Online Sale
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast
6.3.3. Market Analysis by Country

Chapter 7: Costume Jewelry Market, by Region
7.1. Overview
7.1.1. Market Size and Forecast, by Region
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. LAMEA

Chapter 8: Competitive Landscape
8.1. Product Mapping
8.2. Competitive Dashboard
8.3. Competitive Heatmap
8.4. Key Developments
8.4.1. Business Expansion
8.4.2. Product Launch

Chapter 9: Company Profiles
9.1. Avon Products, Inc.
9.1.1. Company Overview
9.1.2. Key Executive
9.1.3. Company Snapshot
9.1.4. Operating Business Segments
9.1.5. Product Portfolio
9.1.6. R&D Expenditure
9.1.7. Business Performance
9.2. Buckley London
9.3. Compagnie Financire Richemont Sa
9.4. Dck Group
9.5. Giorgio Armani S. P. A.
9.6. H. Stern Jewelers, Inc.
9.7. Lvmh Group
9.8. Randa Accessories
9.9. Stuller, Inc.
9.10. Yurman Design Inc.

For more information about this report visit https://www.researchandmarkets.com/r/5rfn3r

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