Industry Background:
The global imitation jewelry market is expected to witness high demand in the forecasted period due to changing lifestyles, increasing fashion consciousness, and growing disposable income. Imitation jewelry is the type of jewelry manufactured as ornamentation to complement a particular fashionable costume or garment. It is made of non-precious materials to complement more valuable, expensive materials such as gold, platinum, diamond, and other precious materials. Costume jewelry is the type of jewelry manufactured as ornamentation to complement a particular fashionable costume or garment. It is made of non-precious materials to complement more valuable, expensive materials such as gold, platinum, diamond, and other precious materials.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | DCK Concessions (England), Yurman Design, Inc. (United States), LOUIS VUITTON (France), Avon Product Inc. (United Kingdom), Swank, Inc. (United States), Cartier (France), Buckley Jewellery Limited (United Kingdom), Billig Jewelers, Inc. (United States), BaubleBar Inc. (United States) and Stuller, Inc. (United States) |
According to AMA, the market for Imitation Jewelry is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Increasing Demand due to the Growing Population and Growing Number of Manufactures Come with Jewelry with Affordable Price.
Globally, a noticeable market trend is evident Growing Popularity Among The Youth, Corporate People, and Working Women
The Consumer Goods sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as DCK Concessions (England), Yurman Design, Inc. (United States), LOUIS VUITTON (France), Avon Product Inc. (United Kingdom), Swank, Inc. (United States), Cartier (France), Buckley Jewellery Limited (United Kingdom), Billig Jewelers, Inc. (United States), BaubleBar Inc. (United States) and Stuller, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Key Developments in the Market:
In June, 2022 Cartier announced two joint lawsuits against a social media influencer and eight businesses (collectively, the “defendants”) for advertising, promoting, and facilitating the sale of counterfeit luxury goods through Instagram and other websites, infringing on Cartier’s registered trademarks and violating Amazon’s policies.
In December 2023, LoveNspire is an ethnic brand in the USA. LoveNspire launches a dazzling array of Indian Jewelry Online. In the latest development, the company has announced a remarkable expansion in its product offerings with the introduction of an exquisite collection of Indian Ethnic Artificial Jewelry available online. This launch comes as part of LoveNspire's ongoing commitment to bringing culture into every home in USA through its diverse ethnic product collection.
Influencing Trend:
Growing Popularity Among The Youth, Corporate People, and Working Women and Volatile Changes in the Silver and Gold Prices
Market Growth Drivers:
Increasing Demand due to the Growing Population and Growing Number of Manufactures Come with Jewelry with Affordable Price
Challenges:
Threat from Counterfeit Products
Restraints:
Increasing Raw Material Prices
Opportunities:
Growing Internet Penetration and Increasing E-Commerce Industry and Increasing Demand due to Availability of Distinct and Innovative Jewelry Design
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Imitation Jewelry Market
- Analysis about New Entrants in Imitation Jewelry Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Imitation Jewelry Study Sheds Light on
The Imitation Jewelry Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Imitation Jewelry industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Imitation Jewelry industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.