New York, NY -- (SBWIRE) -- 09/12/2017 -- Increasing online portals for distribution has revved up demand for costume jewelry in the U.S. Moreover, retailers online now provide a diverse range of products through dedicated catalogues for various designs and international patterns. Such factors are likely to impact growth of the costume jewelry market in the U.S. significantly.

Growing adoption of smartphones among various customers globally along with a robust infrastructure for distribution has impacted growth of the costume jewelry market in the U.S. positively. Moreover, range of jewelry offered in various stores online at competitive prices along has encourages customers to make online purchase of costume jewelries. Discount coupons offered for purchasing costume jewelries will further contribute towards growth of the costume jewelry market in the U.S. during the predicted period.

Purchase of costume jewelry through online portals witnesses increasing preference due to easy payment and access options. Moreover, various stores online offer exchange policies, flexible policies, and free home deliveries of costume jewelry purchased as compared to multi-brand boutiques, or traditional single brands. Such factors are likely to fuel growth of the U.S. market for costume jewelry during the predicted period.

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Bound with time and work pressure, working women in the U.S. have relatively high disposable income, however they are bound with limited time and work pressure. Availability of costume jewelry online offers the women consumers convenience and choice to make online purchases of costume jewelry irrespective of the time and place. Such factors will further contribute towards growth of the costume jewelry market in the U.S. during the predicted period.

In 2016, multi-brand boutiques segment represented a market share of around 45% in the costume jewelry market in the U.S. Online retailing among other distribution channels accounted for a market share of 33% in the U.S. costume jewelry market. In terms of sales, finger rings & earrings will represent a leading segment in the U.S. This segment will reach above US$ 7,000 Mn by the end of 2024.

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Sales of pendants, and necklaces in the U.S. will register a CAGR growth of 5.7% in terms of revenue through 2024.

Growing preference for premium costume jewelry is likely to fuel growth of the costume jewelry market. Moreover, easy access, and surge in disposable income for purchasing jewelry of top brands will contribute towards growth of the costume jewelry market in the U.S. during the predicted period. Multi-brand boutiques will represent major distribution channels for costume jewelry in the U.S. throughout 2024.

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Leading market players operating in the U.S. costume jewelry market include Gianni Versace S.p.A, Chanel S.A., LVMH Moet Hennessy Louis Vuitton SE, Gucci, and Hermes International AS. These market players are recognized fashion labels globally, and are identified as major market players in the U.S. costume jewelry market.

Key manufacturers operating in the U.S. costume jewelry market include ZARA ESPANA SA, Pandora A/S, Guess Inc., Alex and Ani, LLC, and Hennes & Mauritz Ab.

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