Articles
Costume Jewelry Market Size, Share, Trend Analysis and Industry Statistics Report
by Susan Hill Business ConsultantThe
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.
Further key
findings from the study suggest:
- 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.
Access full
research report on global costume jewelry:
www.grandviewresearch.com/industry-analysis/costume-jewelry-market
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About Susan Hill 
Business Consultant
145 connections, 2 recommendations, 567 honor points.Joined APSense since, September 25th, 2017, From California, United States.
Created on Oct 16th 2019 09:18. Viewed 430 times.
