Costume Jewelry Market - 2022-2026 | Growth In Online Retailing And The Number Of Experience Centers Globally to Boost Market Growth | 17,000+ Technavio Research Reports

The potential growth difference for the costume jewelry market between 2021 and 2026 is USD 15.24 billion, as per the latest market analysis report by Technavio. The report predicts the market to witness an accelerating growth momentum at a CAGR of 7.31%. The report analysts have categorized the global costume jewelry market as a part of the global apparel, accessories, and luxury goods market. 

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• Market Driver
• Market Challenges

The growth in online retailing and the number of experience centers globally and the affordable pricing of costume jewelry are some of the key market drivers. There are some e-commerce platforms such as Amazon and Walmart Inc., where consumers can choose from a wide range of brands and purchase costume jewelry products without visiting brick-and-mortar stores. Personalization and customization of costume jewelry is one of the key costume jewelry market trends fueling the market growth. The concept of personalization and customization has come into effect as customers have various expectations and demands. Hence, the increasing demand has encouraged the vendors to come up with personalized services for all kinds of fine and fashion jewelry like rings, pendants, and others. 

However, factors such as competition among established vendors and from unorganized sectors will challenge market growth. Primarily, the global costume jewelry market is fragmented, owing to the presence of several global and regional vendors. The market, however, is dominated by a few global vendors that offer differentiated products in terms of quality and innovation. 

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The costume jewelry market report is segmented by Distribution Channel (Offline and Online) and Geography (North America, Europe, APAC, South America, and Middle East and Africa).  

North America will be the leading region with 27% of the market's growth during the forecast period. 27% of the market's growth will originate from North America during the forecast period. The US is the key market for costume jewelry market in North America. Market growth in this region will be faster than the growth of the market in Europe. The increasing demand for costume jewelry from millennials and a wide variety of products available through the online distribution channel will facilitate the costume jewelry market growth in North America over the forecast period. 

The costume jewelry market share growth in the offline segment will be significant during the forecast period. Consumers can choose from a wide range of products in retail stores based on parameters such as price and quality. These stores are convenient for individuals who prefer the traditional way of shopping. Thus, the wide availability of products across platforms and the easy consumer accessibility to outlets are expected to drive the growth of the segment during the forecast period.

View our sample report for additional insights into the contribution of all the segments and regional opportunities

•         
• Azuli Skye
• BaubleBar Inc.
• BlueStone Jewellery and Lifestyle Pvt. Ltd.
• Buckley Jewellery Ltd.
• Cartier SA
• CHANEL Ltd.
• David Yurman Enterprises LLC
• Gianni Versace Srl
• Giorgio Armani S.p.A.
• Hstern Jewellery Ltd.
• K and M Accessories
• LVMH Moet Hennessy Louis Vuitton SE
• Park Lane Jewelry
• Randa Accessories Leather Goods LLC
• Richline Group Inc.
• Stella and Dot LLC
• Stuller Inc.
• Swarovski AG
• The Avon Co.
• Voylla Jewellery
• To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis
• Market Segmentation 
• Customer landscape
• Geographic Landscape
• Vendor Landscape
• Vendor Analysis
• Appendix

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SOURCE Technavio