Tuesday, 02 January 2024 12:17 GMT

Costume Jewelry Market Size, Growth & Forecast 2025-2033: Industry To Grow By $26 Billion Despite Intense Market Competition And Price Sensitivity


(MENAFN- GlobeNewsWire - Nasdaq) Key growth drivers include rising disposable incomes, evolving fashion trends, and increased demand for luxury goods, notably in emerging markets and e-commerce. The growth of online platforms and sustainable practices continues to amplify market reach.

Dublin, Nov. 17, 2025 (GLOBE NEWSWIRE) -- The "Costume Jewelry Market Size, Growth & Forecast 2025-2033" has been added to ResearchAndMarkets's offering.

The size of the Global Costume Jewelry Market stood at US$ 30.66 billion in 2024 and is forecast to reach US$ 56.04 billion through 2033, growing at a CAGR of 6.93% during the period from 2025-2033. Drivers include increases in disposable incomes, changing styles of fashion, and growing consumption for luxury goods, with tremendous growth contributions originating from emerging countries and the web-based retail business.

Growth Drivers in the Global Costume Jewelry Market

Increased Fashion Consciousness Among Consumers

Growing focus on self-expression and style has caused consumers, particularly millennials and Gen Z, to spend on stylish, affordable accessories such as costume jewelry. Such consumers regularly change their fashion trends, generating consistent demand for new designs. Social media, fashion influencers, and fast fashion companies also enhance style consciousness, promoting repetitive buying. Costume jewelry, as it is economical and easily accessible, is perfectly suited to fit into the rapidly changing fashion trend. In April 2023, fashion company Coach introduced its debut costume jewelry collection "Coach Jewels" with recycled material-based necklaces, earrings, and bracelets.

Growing E-commerce and Online Retailing Platform

E-commerce growth has transformed the marketing and sale of costume jewelry. Online sites provide wide variety, convenience, and affordable price comparison, enticing technology-savvy buyers. Global markets can be accessed by brands without the need for large investments in physical outlets. Moreover, social commerce through Instagram and TikTok enables smaller designers and niche brands to showcase distinctive designs, increasing market reach and customer interaction. June 2022, BaubleBar introduced a 2022 initiative to have all costume jewelry made with ethical and sustainable methods by 2025.

Growing Demand for Affordable Luxury and Every Day Accessories

Since luxury jewelry can be prohibitively expensive, customers are looking to costume jewelry to create similar looks at a fraction of the price. With great imitation options available, it is now more accessible for individuals to have luxury looks every day. As work-at-home habits and casual wear continue to gain popularity, so has the demand for lightweight, versatile accessories that complement office and casual wear, propelling the development of costume jewelry. March 2024, Berkshire Hathaway, parent to Richline Group and BOSS Logics, introduced a joint initiative. The collaboration took advantage of Richline's karat gold and diamond jewelry expertise and BOSS Logics' advanced technology to launch focused fine jewelry lines, blending the strengths of both companies.

Challenges in the Global Costume Jewelry Market

Quality and Durability Concerns

Costume jewelry, by nature, uses low-cost materials, which often lack the durability and longevity of fine jewelry. This can lead to issues like tarnishing, breakage, and skin irritation, affecting customer satisfaction. Brands face pressure to balance affordability with quality while maintaining aesthetic appeal. Poor-quality products may deter repeat purchases and harm brand reputation, especially when sold online where customers rely on images and reviews.

Intense Market Competition and Price Sensitivity

The market for costume jewelry is extremely fragmented, with lots of small competitors, fast-fashion brands, and online retailers vying intensely on price and fashion. This saturation leads to a race to the bottom in price, squeezing margins and diminishing profitability. Additionally, consumers tend to anticipate regular fashion refreshes, introducing inventory and production complexities. Brands have to invest in design innovation, marketing, and customer experience, all on tight resources, to remain competitive.

Key Attributes

Report Attribute Details
No. of Pages 200
Forecast Period 2024-2033
Estimated Market Value (USD) in 2024 $30.66 Billion
Forecasted Market Value (USD) by 2033 $56.04 Billion
Compound Annual Growth Rate 6.9%
Regions Covered Global

Key Topics Covered
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Costume Jewelry Market
5.1 Historical Market Trends
5.2 Market Forecast
6. Costume Jewelry Market Share Analysis
6.1 By Product
6.2 By Material
6.3 By Distribution Channel
6.4 By End User
6.5 By Countries
7. Products
7.1 Ring
7.2 Earing
7.3 Necklace/Chain
7.4 Bracelet
7.5 Others
8. Distribution Channels
8.1 Offline
8.2 Online
9. End Users
9.1 Men
9.2 Women
10. Countries
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Thailand
10.3.6 Malaysia
10.3.7 Indonesia
10.3.8 Australia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 South Africa
11. Porter's Five Forces Analysis
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Key Players Analysis
13.1 Louis Vuitton Malletier SAS
13.1.1 Overview
13.1.2 Key Persons
13.1.3 Recent Development & Strategies
13.1.4 Revenue Analysis
13.2 CARTIER
13.3 Sabika
13.4 Yanbal
13.5 Richline Group, Inc.
13.6 STELLA & DOT
13.7 Lulu Ave
13.8 Giorgio Armani S.p.A.
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