What is Artificial Jewelry Market Scope?
Artificial jewelry, also known as costume or fashion jewelry, is crafted from materials other than precious metals and gemstones. Utilizing base metals, alloys, plastic, glass, synthetic stones, and non-precious materials, these pieces are designed to emulate the look of fine jewelry without the associated high costs Artificial jewelry has emerged as a dynamic and essential component within the fashion industry, providing an economical and varied substitute for conventional jewelry. Its accessibility and flexibility empower individuals to showcase their unique style while staying in step with the constantly evolving trends in the realm of fashion.
Influencing Trend:
Growing trend towards using eco-friendly and sustainable materials in artificial jewelry and Rising demand for personalized and customizable artificial jewelry pieces
Market Growth Drivers:
Consumers seeking trendy and affordable accessories to match evolving fashion styles and Continuous introduction of creative and unique designs in artificial jewelry
Challenges:
Facing competition from fine jewelry in certain markets and consumer segments and Overcoming the perception that artificial jewelry lacks the prestige and value associated with precious metals
Restraints:
Certain individuals may be sensitive or allergic to the materials used in artificial jewelry and metals and gemstones, artificial jewelry generally has lower resale value
Opportunities:
Appeals to a wider consumer base due to its cost-effectiveness and Efficient production processes enable mass production, meeting high demand
The Artificial Jewelry market study is being classified by Type (Earrings, Necklace, Bracelets, Rings and Others), by Application and major geographies with country level break-up.
The Artificial Jewelry market is fragmented .The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Artificial Jewelry market throughout the predicted period.
Luxe LLC (United States), Charles Unthank (United States), C&W LLC (United States), Royale (United States), Trdesigns (United States), Anset Mwakio (United States), Taylor Aloisio (United States) and Chrus (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are International B.V (Netherlands), Swarovski Internatinal Holding AG (Switzerland) and PVH Corp (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Artificial Jewelry market by Type, Application and Region.
On the basis of geography, the market of Artificial Jewelry 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).
Market Influencers and their Development Strategies
In April 2021, Nykaa Fashion, the fashion e-commerce platform of Nykaa, on announced the acquisition of online jewellery brand Pipa Bella.Nykaa address the growing demand for fashion jewellery in India with brands that offer more contemporary designs and are a bridge between precious gold and unorganized casual jewellery.
In October 2023,Kushal's India's leading fashion jewellery brand celebrated for its diverse range of fashion and silver jewellery, is thrilled to announce its collaboration with Bollywood actress and trendsetter, Tara Sutaria. This exciting partnership showcases the style icon in an exclusive Indian aesthetic look as part of a captivating campaign, just in time for the festive season.
Key Target Audience
Manufacturing, Providers, Suppliers and Others
Artificial Jewelry Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Artificial Jewelry Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Artificial Jewelry industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.