Costume jewellery market is expected to grow at a CAGR of 5.8% by 2031. Costume jewellery which is also known as junk jewellery, imitation jewellery, and fashion jewellery are made up of low valuable materials as compared to the materials used in the making of valuable jewellery such as diamond, gold, platinum and other precious metals and gem. Raw materials include plastic, glass, semi-precious stones, leather, terracotta, metal such as aluminium and silver and others. 

The global costume jewellery market is growing at a fast pace and is anticipated to attain significant growth over the next seven years till 2023. Increasing prices of gold and other precious metals is anticipated to expand the demand for costume jewellery over the forecast period. Rising number of meterosexual men along with increasing popularity of costume jewellery amongst them is expected to intensify the growth of costume jewellery market during the forecast period. 

At present, Asia Pacific region captured the maximum share in revenue of costume jewellery market and is anticipated to dominate over the forecast period. In Asia Pacific region, rising fashion consciousness along with escalating personal disposable income has strengthened the growth of costume jewellery market over the past few years. Increasing urbanization along with adoption of western culture is anticipated to expand the growth of costume jewellery market over the period.   

The global costume jewellery market is mainly concentrated in Asia Pacific. Major players are adopting different market strategies to enter and enhance their market position and distribution network.

Key Players Identified Across the Value Chain in the Costume Jewellery Market include but are not limited to:

Avon Products, Inc., Buckley London, Compagnie Financière Richemont SA, DCK Group, Giorgio Armani S.p.A., H.Stern Jewelers, Inc., LVMH Group, Randa Accessories, Stuller, Inc., Yurman Design Inc.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Costume Jewellery market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Costume Jewellery market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Costume Jewellery market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Costume Jewellery market?
• Which is the largest regional market for Costume Jewellery market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Costume Jewellery market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Costume Jewellery market worldwide?