What is Bead Products Market?
The artistic appeal of beads has made them extremely popular among many cultures and the fashion industry, due to their diverse functionality and meaning in modern and historical cultures throughout the world. A bead is a little embellishing piece that is utilized for making accessories, armbands, and an assortment of enhancing outfits/clothing. They can be found in a large number of sizes (1mm-1cm). These bead products are also utilized as dress adornments which significantly adds to the eye-appeal and the estimation of the clothing or thing. The demand for the products that are made from the bead is increasing due to the use of it as religious or ritual objects in the middle east and across the world.
The market study is being classified by Type (Powder Glass Beads, Crystal Beads, Metal Beads and Natural Beads), by Application (Home décor, Jewelry, Accessories, Pet Item and Others) and major geographies with country level break-up.
African Crafts Market (South Africa), Alamy Ltd. (United Kingdom), BeadforLife(United States), Earth Africa Curio(South Africa), Global Village Gifts(United States), Indego Africa(United States), The Kenya Crafts Company (United Kingdom) and Naushad Trading Company (NTC) Limited (Kenya) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United Kingdom & South Africa Vendors will contribute to the maximum growth of Global Bead Products market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Bead Products market by Type, Application and Region.
On the basis of geography, the market of Bead Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- The adoption of bead products in the Prayer beads used by Muslims, Buddhists, and Christians in prayer and other religious is key driving factor of the growth
- Increasing adoption of bead products across the globe
Market Trend
- Increasing online sales channel
Restraints
- Substitute availability for the bead products
Opportunities
- Emerging demand for the bead products in the developing countries
- Increasing demand from the Middle East
Challenges
- Availability of local manufacturers with cheap quality of Bead Products
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Bead Products Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Government Regulatory and Research Organizations and End-Use Industry