Global Costume Jewelry Market Insights Forecasts to 2033

• The Global Costume Jewelry Market Size was Valued at USD 44.10 Billion in 2023
• The Market Size is Growing at a CAGR of 7.10% from 2023 to 2033
• The Worldwide Costume Jewelry Market Size is Expected to Reach USD 87.59 Billion by 2033
• Asia-Pacific is Expected to Grow the fastest during the forecast period

The Global Costume Jewelry Market Size is Anticipated to Exceed USD 87.59 Billion by 2033, Growing at a CAGR of 7.10% from 2023 to 2033.

Market Overview

Costume jewelry is a fashion accessory used to compliment an outfit. Costume jewelry is made with less expensive materials than more expensive ones, such as diamonds, gold, platinum, and stones and pearls. Costume jewelry is frequently referred to as imitation, rubbish, trinkets, phony, or fashion jewelry. It is available in a variety of shapes, including bangles, finger rings, earrings, and neckpieces, enabling customers a wide range of options for their desired things. Custom jewelry is comprised of fashion elements worn to compliment an outfit. Metals, glass, beads, plastic, synthetic stones, ivory, and semi-precious stones are some of the materials used to make costume jewelry. The raw materials utilized in the production of costume jewelry include pins, backings, and metal. Pearls, as well as semi-precious metals such as silver, brass, and aluminum, are used to make costume jewelry. Costume jewelry is popular among ladies, office workers, and youngsters. Increased consumer preference for attractive and affordable jewelry is likely to drive market expansion. Costume jewelry is a convenient and easy-to-maintain alternative to real jewelry, making it an attractive choice for customers. The emphasis on appearances and aesthetics in today's culture has greatly increased the attractiveness of costume jewelry among people of all ages. The market's growth can be attributed to its affordability and numerous design possibilities, which attract to a wide range of consumers.

Report Coverage

This research report categorizes the market for the global costume jewelry market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global costume jewelry market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global costume jewelry market.

Driving Factors

Individuals' increasing awareness of their external look has increased the market adoption of costume jewelry. Younger women are increasingly conscious of fashion, leading to a demand for affordable, stylish jewelry. Costume jewelry, including semi-precious stone engraved necklaces, is in high demand, with the global costume jewelry market growing over the forecast period. Costume jewelry is handy, affordable, and easy to use when traveling or attending social functions; customers, particularly women, prefer it as it becomes an increasingly significant component of personal style. In addition, strong ads and celebrity endorsements have helped the costume jewelry sector pave the road for expansion. Also, increasing the sales variety of different countries to adaption and modify the manufacturer updating their branding and market strategies for their products. Hence, these factors are significant growth of the global costume jewelry market during the forecast period.

Restraining Factors

Some of the factors involve an increase in the cost of raw materials used for costume jewelry and the jewelry's limited popularity to hinder market growth. Increasing urbanization, rising fashion consciousness among youth, and rising demand for men's costume jewelry present opportunities for manufacturers to create innovative products. Hence, these factors may hamper the market growth of the global costume jewelry market during the forecast period.

Market Segmentation

The global costume jewelry market share is classified into product type, gender, and distribution channel.

• The necklaces & chains segment is expected to hold the largest share of the global costume jewelry market during the forecast period.

Based on the product type, the global costume jewelry market is divided into necklaces & chains, earrings, rings, cufflinks and studs, bracelets, and others. Among these, the necklaces & chains segment is expected to hold the largest share of the global costume jewelry market during the forecast period. The segmental growth can be attributed to the rise in purchasing power, the emergence of delicate necklace designs, changes in style and dressing, and an increase in fashion consciousness among urbanites all contributing to the growth of the necklaces and chains market.

• The female segment is expected to hold the largest share of the global costume jewelry market during the forecast period.   

Based on the gender, the global costume jewelry market is divided into male and female. Among these, the female segment is expected to hold the largest share of the global costume jewelry market during the forecast period. The growth can be attributable to the female customers nominally higher in jewelry consumption in the costume jewelry market. Currently, women of all ages prefer semi-precious stone jewelry, and changes in lifestyle and demographic trends, an increase in awareness of skin care and allergies, and modification of jewelry designs are anticipated to boost the costume jewelry market.

• The offline stores segment is expected to hold the largest share of the global costume jewelry market during the forecast period.

Based on the distribution channel, the global costume jewelry market is divided into offline stores and online stores. Among these, the offline stores is expected to hold the largest share of the global costume jewelry market during the forecast period. The segmental growth can be attributed to the offline stores and department stores are popular places to buy costume jewelry, particularly among older customers who enjoy a real shopping experience and want to examine and try on the jewelry before making a purchase.

Regional Segment Analysis of the Global Costume Jewelry Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• Latin America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global costume jewelry market over the predicted timeframe.

North America is anticipated to hold the largest share of the global costume jewelry market over the predicted timeframe. The regional growth can be attributed to the increasing demand for designer and trendy jewelry has significantly increased sales in developing countries. Costume jewelry is primarily boosted by affordability, awareness of one's look, and a desire for highly fashionable and unusual pieces. Retail structure and increased adoption of costume jewelry as a result of aggressive promotion and celebrity brand endorsement. Consumers' increased expenditure on fashion accessories contributes to the popularity of costume jewelry in this region. Jewelry made of gold and silver is becoming increasingly expensive.  Bracelets, rings, necklaces, and chains are likely to become more popular as e-commerce and social media penetration grows in the regions.

Asia-Pacific is expected to grow at the fastest pace in the global costume jewelry market during the forecast period. With the influence of beauty shows, television programs, and newspapers in many Asia-Pacific countries, customers must maintain their image consciousness. The region's growth is being driven by reasons such as increased urbanization, a growing middle-class population, changing lifestyle preferences, and an increase in e-commerce platforms.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global costume jewelry market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and swot analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of overall competition within the market.

List of Key Companies  

• Giorgio Armani S.p.A.
• Yurman Design Inc.
• GBL Altair Pvt. Ltd.
• LVMH Group
• Colibri Group
• Compagnie Financière Richemont SA
• Stuller, Inc.
• Anuradha Art Jewellery
• Buckley London
• GlobalBees Brands Pvt. Ltd.
• Channel S.A.
• Avon Products, Inc.
• DCK Group
• Randa Accessories
• H.Stern Jewelers, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In December 2022, Melorra, a prominent direct-to-consumer (D2C) company that produces lightweight and moderately priced fashionable gold jewelry, launched the first-of-its-kind The avatar-inspired jewelry line celebrates modernity while demonstrating a trend in various facets of the jewelry companies.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global costume jewelry market based on the below-mentioned segments: 

Global Costume Jewelry Market, By Product Type

• Necklaces & Chains
• Earrings
• Rings
• Cufflinks & Studs
• Bracelets
• Others

Global Costume Jewelry Market, By Gender

• Male
• Female

Global Costume Jewelry Market, By Distribution Channel

• Offline Stores
• Online Stores

Global Costume Jewelry Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa