Pune, India -- (SBWire) -- 04/03/2019 --Our latest research report entitled Costume Jewelry Market (by Product type (necklaces & chains, earrings, rings, cufflinks & studs, bracelets and others (brooches, pendants, anklets, pins)), by gender (male and female) and by mode of sale (retail and online)) Global Industry Analysis, Trends, Market Size, Forecasts up to 2024 provides complete and deep insights into the market dynamics and growth of costume jewelry. Latest information on market risks, industry chain structure costume jewelry cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential costume jewelry growth factors.
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The forecast costume jewelry market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, costume jewelry on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. the global costume jewelry market is
projected to grow at a CAGR of 7.5% over the forecast period of 2018-2024.
Costume Jewelry Market: Industry Insights
The costume jewelry is artificial jewelry to suit the particular dress of consumer. These are made from base metals, plastic, glass, semi-precious stone, synthetic stones, lace, beads, ivory, pearl, terracotta, and metals. These are cheap ornaments, which can be used anywhere.
Costume Jewelry Market: Drivers and Restraints
The increasing social acceptance and cost-effectiveness of costume jewelry as compared to other jewelry are expected to drive the market in the forecast period. The costume jewelry is available easily compared to the gold and silver jewelry. These two factors are helping to grow this market rapidly. Additionally, increasing the price of rare materials like gold, silver, diamond, platinum is motivating the consumers to purchase the costume jewelry. Further, the increasing government regulatory process for the purchase of the gold and other precious material is prompting the consumers to use costume jewelry for general purpose.
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Costume Jewelry Market: Segmentation
By product type, the market is segmented into necklaces & chains, earrings, rings, cufflinks & studs, bracelets and others (brooches, pendants, anklets, pins). On the basis of gender, the global costume jewelry market is categorized into male and female. On the basis of mode of sale, the global costume jewelry market is categorized into retail and online. Retail segment accounted for a considerable share in the market in 2018. The opportunity to see and feel the look and quality of costume jewelry before purchase and availability of trail opportunities are attracting several new young men and women to the retail segment. Hence it is dominating the online sales channel.
Costume Jewelry Market: Regional Insights
North America is the dominating market for costume jewelry, owing to rising prices of jewelry made of precious metal such as gold jewelry, silver and diamond jewelry, resulting in higher adoption of costume jewelry among consumers. Asia region is expected to grow at the fastest CAGR during the forecast period of 2018-2024. The presence of emerging economies like China and India, its large middle-class population, changing lifestyle, easy availability of costume-based jewelry at a throwaway price in retail store, the growing presence of online store in these Asia-Pacific countries, are helping to boost the demand for costume jewelry.
Costume Jewelry Market: Competitive Analysis
The global Costume jewelry market is highly competitive. The prominent players in the global creatinine market are Avon Product Inc., Buckley London, Swank, Inc., Cartier, LOUIS VUITTON, DCK Concessions, Billig Jewelers, Inc., BaubleBar Inc., Giorgio Armani S.p.A and Stuller, Inc. Product innovation and acquisitions & mergers are the key parameters to remain competitive and to gain greater market share.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the costume jewelry.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
