Costume Jewelry Market Witnessing An Upswing To Reach USD 39.2 Billion By 2025Posted by Neha Bora on October 9th, 2019 San Francisco, 9 October 2019: The Report Costume Jewelry Market Size, Share & Trends Analysis Report By Type (Ring, Earring), By End User (Men, Women), By Distribution Channel (Online Stores, Offline Stores), And Segment Forecasts, 2019 – 2025 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. Access Research Report of Costume Jewelry Market @ www.grandviewresearch.com/industry-analysis/costume-jewelry-market Further key findings from the study suggest:
Browse more reports of this category by Grand View Research at : www.grandviewresearch.com/industry/clothing-footwear-and-accessories Grand View Research has segmented the global costume jewelry market on the basis of type, distribution channel, end user, and region: Costume Jewelry Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025)
Costume Jewelry Type Outlook (Revenue, USD Billion, 2015 - 2025)
Costume Jewelry End User Outlook (Revenue, USD Billion, 2015 - 2025)
Costume Jewelry Regional Outlook (Revenue, USD Billion, 2015 - 2025)
Access Press Release of Costume Jewelry Market @ www.grandviewresearch.com/press-release/global-costume-jewelry-market 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.
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