MarkNtel Advisors, a leading market research company, presents its latest Global Costume Jewelry Market Research Report By Type (Necklace & Chain, Ring, Bracelets, Earrings, Others), By Distribution Channel (Online stores, Offline stores), By End Users (Women, Men) and other forecasts [2023-2028]. This well-curated report contains in-depth information about the industry. In this comprehensive study, we have meticulously compiled every critical detail, catering to the Costume Jewelry Market’s major and minor elements. Our focus extends to factors influencing market growth, encompassing historical, current, and projected data, emerging trends, technological advancements, key insights, recent developments, potential constraints, and various other factors that could significantly shape the industry’s trajectory in the foreseeable future.
The Global Costume Jewelry Market was valued at USD 45.8 billion in 2022 and is estimated to grow at a CAGR of around 6.5% during the forecast period, i.e., 2023-28.
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This section provides a comprehensive understanding of market dynamics, highlighting the significant contributions of major companies and their strategies for achieving success and sustainability. By examining the competitive landscape, clients can gain valuable insights into the driving forces behind the growth and evolution of the Costume Jewelry Industry. Let’s familiarize ourselves with the key players in this competitive landscape: Avon Products, Inc., Buckley London, Compagnie Financière Richemont SA, Randa Accessories, Stuller, Inc., Giorgio Armani S.P.A., DCK Group, Yurman Design Inc., The Colibri Group, Stern Com. & Ind. S.A., Swank Inc., Others.
Rising Eminence of Celebrities, Social Media, and Fashion Influencers Shaping the Market Progression – The increasing advertisements of costume jewelry, rising fashion influencers, and celebrity endorsement an ongoing trend that is assisting in boosting the Costume Jewelry Market growth. In the fashion industry, celebrities, social media influencers, and fashion icons wear costume jewelry to attain various looks & styles.
Hence, the emerging entertainment industry is playing a key role in upscaling the market expansion. Furthermore, the demand for costume jewelry is also observed in the emerging entertainment industry, thus becoming a trend and further enhancing the Global Costume Jewelry Market size in the projected years.
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The summary of Costume Jewelry market segmentation gives a quick look at different parts of the market. It helps businesses understand what customers like and where they are. By breaking down the market into smaller groups based on things like what people buy and where they live, companies can make better plans to sell their products. This summary is a simple guide to understanding the market better. The segmentations of the market are:
By Distribution Channel
> Online stores
> Offline stores
By End Users
> Women
> Men
By Type
> Necklace & Chain
> Ring
> Bracelets
> Earrings
> Others
Based on Product Type: Necklace & Chain segment is projected to hold the largest share of the Costume Jewelry Market, owing to the availability of various shaped & sized items. The higher price of necklaces & chain items compared to other segments results in higher segmental revenues. Hence, the change in fashion trends or styles further helps contribute a significant share in the market growth.
On the geographical front, the Costume Jewelry Market expands across:
Of all regions globally, North America is the prominent region playing a leading role in the Costume Jewelry Market due to the maximum adoption of fashion jewelry & evolving retail organization. The increasing advertisement for costume jewelry & celebrity prominence raises the market share across the region.
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