Global Costume Jewelry Market was valued at US$ XX Million in 2020 and is anticipated to reach US$ XX Million by 2027 displaying an elevated CAGR of XX% over the forecast period (2021-2027).
Costume jewelry is largely made of brass, cast iron, nickel, plastic beads, and stones. A rise in the gold prices coupled with the promulgating production of nickel and other materials is leading to the growth of the market. Also, less awareness among Indians about customs clearance norms has worked in favor of costume jewelers in several countries including India. As per a study, the costume jewelers say that they have clocked 20-30% growth in the current fiscal with women from affluent households embracing such jewelry for attending weddings and parties in foreign locales.
The costume jewelry market is gaining traction on account of the rise in disposable income, rising working women, and rising fashion consciousness among end-users. As per the World Bank, the women's labor force in North America increased from 45.9% in 2015 to 46.28% in 2019. Moreover, change in packaging styles of jewelry products fuels the costume jewelry market growth. In addition, aggressive advertisements and celebrity endorsement have helped the costume jewelry industry to pave its way toward growth. As per the estimation, each year, about 50 million Americans buy Fashion jewelry.
Avon Products, Inc., Buckley London, Swarovski Group, DCK Group, Giorgio Armani S.p.A., H.Stern Jewelers, Inc., LVMH Group, Randa Accessories, Stuller, Inc., and Yurman Design Inc., etc, are some of the prominent players operating in the Costume Jewelry market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
"Amongst Product Type, Necklace and Chain segment holds the major share"
Based on the Product Type, the market is fragmented into Necklaces & Chains, Earrings, Rings, Cufflinks & studs, Bracelets, and Others. The necklace and Chain segment dominated the market and captured XX% market share in 2020. Moreover, the market is expected to reach USD XX Mn by 2027. However, the rings segment would witness the exhibit CAGR during the forecast period. The major reason for the popularity of this jewelry is the growing interest of the consumers in the intricate designs and details of the rings. Additionally, rings are perceived as stylish and elegant
"Amongst Gender, Female segment to dominate the market during the forecast period"
Based on the Gender type, the market is mainly fragmented into Male and females. The Female segment grabbed XX% market share and captured US$ XX Mn in 2020. Moreover, the market of this segment is expected to proliferate with a CAGR of XX% in the forthcoming coming period of 2021-27. However, the Men segment is expected to witness exhibit growth in coming years owing to the availability of a wide range and varieties of men's Jewelry is offered in the market with masculine designs capturing a sense of effortless cool.
"Amongst Mode of Sale, Offline segment grabbed Major Market share in 2020"
Based on Mode of Sale, the market is mainly fragmented into Online and Offline. In 2020, the offline segment grabbed the major market share and dominated the market. The segment gathered an XX% revenue share in 2020.
"Asia-Pacific region represents one of the largest markets of Costume Jewelry market"
For a better understanding of the market dynamics of the Costume Jewelry market, a detailed analysis was conducted for different regions across the globe including North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific dominated the market and generated revenue of US$ XX Million in 2020 owing to the rising number of working women and surging fashion consciousness.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
Customization Options:
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Costume Jewelry is also known as fashion jewelry which is used to compliment fashion or general outfits. It also provides an easy-on-the-pocket way to add charm, glamour, and fashion. Fashion jewelry is made of materials such as plastic, glass, plain steel, copper, and others that make it more economical. The costume jewelry market across countries such as United States, China, South Korea has traditionally supported a large and highly competitive domestic costume jewelry industry. In addition, practically every country with a costume jewelry industry does some exporting to the neighboring countries. The Competition in the costume jewelry marketplace is based on a variety of factors. Some of them are price, quality, design, service, availability of the product, and promotional incentives.
The emerging prices of precious stones such as diamond, gold, and silver are one of the key factors contributing to the growing demand for costume jewelry. As per the World Gold Council, the gold prices have increased from USD 41.51 per gram on 1 Jan 2018 to USD 60.69 per gram on 1 Jan 2021.
Also, the demand of the diamond witnessed a rise owing to the growing demand and fewer imports due to COVID-19. ?between January and June 2019, the Antwerp World Diamond Center (AWDC) imported approximately 39.7 million carats of rough diamonds, and in the same timeframe in 2020, imports were 31.9 million carats. Accordingly, the?AWDC's rough diamond imports?dropped by 20% during the same period in 2020 as a result of the COVID-19 pandemic, and the center's exports of polished diamonds decreased by 46%.
A rise in the number of working women globally coupled with the surging disposable income is also a factor driving the demand for costume jewelry, globally. As per the World Bank, the women labor force, globally stood at 38.83% in 2014 which increased to 38.88% in 2019. However, the COVID-19 pandemic adversely impacted the count of women workforce. As per the Catalyst, six countries which are China, Italy, Japan, South Korea, the United Kingdom, and the United States) found that women are 24% more likely to permanently lose their jobs compared to men.
Based on the Product Type, the market is fragmented into Necklaces & Chains, Earrings, Rings, Cufflinks & studs, Bracelets and Others. The Necklace and Chains segment grabbed major market share and captured XX% market revenue in 2020. However, the Rings d segment would emerge in the forecast period and would witness the highest CAGR during the forthcoming period owing to the launch of unique designs by the manufacturer and the surging craze of celebrations such as Women's day, Mother day etc.
Based on the Gender, the market is segmented into Male and Female. The Female segment grabbed major market share and contributed XX% market share and gathered USD XX Mn in 2027. Moreover, the segment is expected to reach USD XX Mn by 2027 with a growth of XX% CAGR during 2021-2027. However, the Male segment is expected to witness the highest CAGR during the forecast period.
Costume Jewelry are being sold on several platform sch as online and Offline. The offline segment generated revenue worth USD XX million in 2020 and is expected to reach USD XX million by 2027. However, the online segment is expected to witness an exhibit growth during the forecast period
For a better understanding of the market adoption of the Costume Jewelry market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of APAC), and Rest of World. Asia Pacific constitutes a major market for the Costume Jewelry industry and generated revenue of USD XX Million in 2020 owing to the rising demand from working women.
Some of the major players operating in the market are Avon Products, Inc., Buckley London, Swarovski Group, DCK Group, Giorgio Armani S.p.A., H.Stern Jewelers, Inc., LVMH Group, Randa Accessories, Stuller, Inc. and Yurman Design Inc, etc., Several M&As along with partnerships have been undertaken by these players to develop Costume Jewelry solutions.
Table of Contents
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Objective of the Study
1.3. Limitation
1.4. Stake Holders
1.5. Currency Used in Report
1.6. Scope of the Global Costume Jewelry Market Study
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Methodology for the Global Costume Jewelry Market
2.1.1. Main Objective of the Global Costume Jewelry Market
3 INDUSTRY PERFORMANCE
4 EXECUTIVE SUMMARY
5 COVID-19 IMPACT
6 GLOBAL COSTUME JEWELRY MARKET REVENUE
7 MARKET INSIGHTS BY PRODUCT TYPE
7.1. Necklaces & Chains
7.2. Earrings
7.3. Rings
7.4. Cufflinks & studs
7.5. Bracelets
7.6. Others
8 MARKET INSIGHTS BY GENDER
8.1. Female
8.2. Male
9 MARKET INSIGHTS BY MODE OF SALE
9.1. Online
9.2. Offline
10 MARKET INSIGHTS BY REGION
10.1. North America Costume Jewelry Market
10.1.1. The U.S
10.1.2. Canada
10.1.3. Rest of North America
10.2. Europe Costume Jewelry Market
10.2.1. Germany
10.2.2. France
10.2.3. U.K.
10.2.4. Spain
10.2.5. Italy
10.2.6. Rest of Europe
10.3. Asia Pacific Costume Jewelry Market
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Australia
10.3.5. South Korea
10.3.6. Rest of Asia Pacific
10.4. Rest of the World Costume Jewelry Market
11 COSTUME JEWELRY MARKET DYNAMICS
11.1. Market Drivers
11.2. Market Challenges
11.3. Impact Analysis
12 DEMAND AND SUPPLY SIDE ANALYSIS
12.1. Demand Side Analysis
12.2. Supply Side Analysis
12.2.1. Top Product Launches
12.2.2. Top Business Partnerships
12.2.3. Top Merger & Acquisitions
13 VALUE CHAIN ANALYSIS
14 COSTUME JEWELRY MARKET OPPORTUNITIES
15 COSTUME JEWELRY MARKET TRENDS & INSIGHTS
16 COMPETITIVE SCENARIO
16.1. Porter's Five forces analysis
16.1.1. Bargaining power of Supplier
16.1.2. Bargaining power of Buyer
16.1.3. Industry Rivalry
16.1.4. Availability of Substitute
16.1.5. Threat of new Entrants
17 COMPANY PROFILED
17.1. Swarovski Group.
17.1.1. Key Facts
17.1.2. Business Description
17.1.3. Key Product/Services Offerings
17.1.4. Growth Strategy
17.1.5. SWOT Analysis
17.1.6. Key Financials
17.1.6.1. Revenue Split
17.1.6.2. Financial Overview of Swarovski Group
17.1.7. Recent Developments
17.1.7.1. Product Launch
17.1.7.2. Partnerships
17.1.7.3. Business Expansion and Investments
17.1.7.4. Merger and Acquisition
17.2. Avon Products, Inc.
17.3. Swarovski Group
17.4. DCK Group
17.5. Giorgio Armani S.p.A.
17.6. H.Stern Jewelers, Inc.
17.7. LVMH Group
17.8. Randa Accessories
17.9. Stuller, Inc.
17.10. Yurman Design Inc.
18 DISCLAIMER
Avon Products
Inc.
Buckley London
Swarovski Group
DCK Group
Giorgio Armani S.p.A.
H.Stern Jewelers
Inc.
LVMH Group
Randa Accessories
Stuller
Inc.
and Yurman Design Inc.