Beaded Jewelry Market– Statistics And Analysis & Forecast To 2030Posted by Mrudula Anil Karmarkar on October 26th, 2023 San Francisco, 26 October 2023: The ReportBeaded Jewelry Market Size, Share & Trends Analysis Report By Product (Necklaces, Bracelets, Rings, Earrings), By Material (Plastic, Glass, Metal), By End-user (Women, Men), By Distribution Channel, By Region, And Segment Forecasts, 2022 - 2030 The global beaded jewelry market size is expected to reach USD 11.7 billion by 2030, registering a CAGR of 8.9% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand for fashion jewelry across the globe is accelerating the market growth. Moreover, the rising popularity of beaded products among jewelry items in developed and developing economies is accelerating market growth. Additionally, young working professionals and millennials are preferring attractive and fashionable jewelry products coupled with the introduction of a wide variety of product designs which in turn will further support the industry demand. Moreover, a lockdown condition has been experienced during the COVID-19 outbreak, and it showed an adverse impact on the market due to the suspended supply chain of products in various countries. The coronavirus pandemic also forced an extremely large number of consumers to stay at home due to several restrictions imposed by the government of various countries. In addition to this, the rising spending on fashion products and accessories across the globe after the ease of several restrictions is projected to propel the market growth over the forecast period. The bracelets segment is expected to register the highest CAGR of 9.7% from 2022 to 2030. The rising adoption of bracelets from men, particularly in countries such as China and India, due to high demand for various beaded products is driving the market over the upcoming period. Additionally, the rising investment in fashion products by various manufacturers due to the rising demand for new attractive beaded products is accelerating segment growth. Moreover, the rising trend of adoption of new fashionable products among consumers is projected to accelerate the market growth over the forecast period. The men's segment is expected to register the highest CAGR of 9.2% from 2022 to 2030. Constantly changing consumer expenditure behaviors, rising trends of adoption of fashionable products from men, and rising disposable income coupled with urbanization have been anticipated to propel market growth. Furthermore, constant innovation in jewelry trends, celebrity endorsements, and magazines dedicated to fashion statements are anticipated to increase the global market growth. The glass segment is expected to register the highest CAGR of 9.4% from 2022 to 2030. The popularity of wearable fashion jewelry made of glass has soared, and the rising demand for beaded products from youngsters and working professionals across the globe are accelerating the market growth. Furthermore, the new-age consumer prefers a seamless, convenient, and easy retail experience, especially with the advent of online purchasing is expected to drive the segment growth over the forecast period. The online segment is expected to witness a higher CAGR of 9.4% from 2022 to 2030. The increasing demand for beaded jewelry from countries such as China and India is accelerating market growth. Moreover, the growing popularity of the e-commerce sector for online shopping of jewelry among youngsters across the globe is expected to boost market growth. Furthermore, the growing demand for affordable fashion jewelry among consumers is accelerating market growth. Request sample report of Beaded Jewelry Market@https://www.grandviewresearch.com/industry-analysis/beaded-jewelry-market-report/request/rs1 Beaded Jewelry Market Report Highlights
The outbreak of coronavirus across the globe had badly affected the global economy. To break the chain and spread of coronavirus, lockdown orders were imposed by various countries around the world. This had a devastating impact on the supply chain, distribution channels, and trade and development of the market for beaded jewelry. Moreover, the COVID 19 pandemic is having a profound impact on the global beaded jewelry industry, including production, and consumption due to closures of jewelry shops across the globe. Moreover, increasing demand for fashion jewelry after the COVID outbreak is expected to propel market growth over the forecast period. Beaded Jewelry Market Report Scope
List of Key Players in the Beaded Jewelry Market
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