The global costume jewelry market size is expected to reach USD 39.2 billion by 2025, expanding at a CAGR of 6.5% in the forecast period, according to a new report by Grand View Research, Inc. Growing fashion consciousness, increasing number of working women, and rising disposable income are some of the factors for the market growth.
On
the basis of type, the ring segment dominated the market with a share of 33.6%
in 2018. Wide variety, application, and low cost of the product as compared to
other product types is likely to fuel the segment growth in the forecast
period. Earrings are expected to register a CAGR of 6.9% in the forecast
period. Trend of changing the product on a daily basis among working women has
led to the requirement of a variety of products, thereby influencing the
product demand.
The
offline segment is dominated the market and accounted for 74.4% share of the
overall revenue in 2018. Traditional method of shopping, presence of a wide
variety of products, and option of customization as per the customer preference
are anticipated to propel the segment growth in the near future. The online
segment is likely to expand at the fastest CAGR of 7.1% in the forecast period.
Introduction of a large number of online platforms in recent times with trusted
dealers is expected to drive the segment.
Asia
Pacific was the largest regional costume jewelry market in 2018, accounting for
35.0% share of the total revenue. Growing demand among working women as well as
men in the emerging countries such as India and China, which account for 34% of
the global population, is driving the market in the region. The market in
Europe is expected to expand at a CAGR of 8.0% in the forecast period. Presence
of leading players in the region and frequent innovation in the designs are
boosting the market growth in the region.
Full Research Report On Costume Jewelry Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/costume-jewelry-market
Costume Jewelry
Market Report Highlights
- By type, the
ring segment is anticipated to expand at a CAGR of 7.1% in the forecast
period
- North America
was the second largest regional costume jewelry market in 2018, accounting
for 25.0% share of the overall revenue
- Based on
distribution channel, online stores are expected to register a CAGR of
7.1% in the forecast period.
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https://www.grandviewresearch.com/industry-analysis/costume-jewelry-market/request/rs1
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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