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.
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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