Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on
costume jewelry market provides an in-depth analysis of segments and sub-segments
in global as well as regional costume jewelry market. The study also highlights
the impact of drivers, restraints and macro indicators on the global and
regional costume jewelry market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of the global costume jewelry market. According to the report, the global costume jewelry
market is projected to grow at a CAGR of 7.5% over the forecast period of
2018-2024.
Market Insight
Costume jewelry (also called as
trinkets, fashion jewelry, junk jewelry, fake jewelry, or fallalery) is jewelry
manufactured as ornamentation to complement a particular fashionable costume or
garment as opposed to "real" (fine) jewelry, which may be regarded
primarily as collectibles, keepsakes, or investments. The raw material used for
these jewelries include base metals, glass, plastic, synthetic stones,
semi-precious stones, beads, ivory, lac, leather, terracotta, pearl and metals
such as silver, aluminum, and brass.
The global costume jewelry market is
showing a positive trend of development around the globe. There are many
factors which are indicating a positive outlook of the market for medium and long
term. Factors such as low-maintenance cost, growing fashion consciousness of
customers, rising prices of gold & diamond jewelry, affordability of
costume jewelries, increasing prices for gold and other precious gems and
pearls, internationalization of brands and increasing demand for costume matching
jewelry for fashion, and safest to carry anywhere, compared to real ornaments
or jewelry due to fear of loss, burglary, etc are driving the market of costume
jewelry market. Some of the key challenges for the costume jewelry industry
include rising raw material cost, fad and fashion sensitive market of costume
jewelry, the unorganized supply chain of the raw materials in costume jewelry
industry act as major restraint factors.
On the basis of region, the costume the based market is segmented into North America, Europe, Asia, and the rest of the
world (RoW). North America is the largest market of costume jewelry, owing to
rising prices of precious metal jewelries such as gold, silver, and diamond,
resulting in higher adoption of costume and imitation jewelries among
consumers. Asia region is expected to
grow at the highest CAGR during the forecast period of 2018-2024.The presence
of emerging economies like China and India, its large middle-class population, changing
lifestyle, easily availability of costume based jewelry at a throwaway price in
retail store, online store in these
Asian countries are increasing demand of
costume jewelry. The continuous increase of online channels and retail stores for
costume jewelry, the growing trend of costumes based jewelry among all class
persons, social acceptance of costume based jewelry, would drive the market for
long term.
The report on global costume jewelry market covers segments
such as, by product type, gender, and mode of sale. On the basis of product type, the global
costume jewelry market is categorized into necklaces & chains, earrings,
rings, cufflinks & studs, bracelets and others (brooches, pendants,
anklets, pins). On the basis of gender, the global costume jewelry market is
categorized into male and female. On the basis of mode of sale, the global
costume jewelry market is categorized into retail and online.
The report provides regional analysis covering geographies such
as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period
of 2016-2024. The countries covered in the North America region include the
U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India,
South Korea, Malaysia, and among others. Moreover, Germany, U.K., France,
Spain and Rest of Europe are included in the European region. The U.S. drives the
growth in the North America region as it is the largest market in the region.
The Asia-Pacific region offers a substantial potential for the market growth
owing to rapid growth in markets such as India and China. The APAC region is projected to experience a
growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global
costume jewelry market such as Avon Product Inc., Buckley London, Swank, Inc.,
Cartier, LOUIS VUITTON, DCK Concessions, Billig Jewelers, Inc., BaubleBar Inc.,
Giorgio Armani S.p.A and Stuller, Inc.
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the global costume
jewelry market. Moreover, IGR-Growth Matrix analysis given in the report brings
an insight into the investment areas that existing or new market players can consider.
The report provides insights into the market using analytical tools such as
Porter's five forces analysis and DRO analysis of costume jewelry market.
Moreover, the study highlights current market trends and provides forecast from
2018-2024. We also have highlighted future trends in the costume jewelry market
that will impact the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players. This report will help manufacturers,
suppliers, and distributors of the costume jewelry market to understand the
present and future trends in this market and formulate their strategies
accordingly.
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