Costume Jewelry Market Is Projected To Grow Robustly By 2030
Costume Jewelry Industry The global costume jewelry market size is expected to reach USD 47.61 billion by 2030, registering a CAGR of 7.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing fashion consciousness, increasing number of working women, and rising disposable income are some of the factors for the market growth. On the basis of Product, the ring segment accounted for the largest market revenue share of 34.9% in 2023 due to increasing trends and the widespread appeal of spinners and customized rings among women worldwide. The necklace/chain segment is expected to register the fastest CAGR of 8.1% during the forecast period. Trend of changing the product on a daily basis among working women has led to the requirement of a variety of products, thereby influencing the product demand. The offline segment dominated the market and accounted for 73.9% share of the overall revenue in 2023. Traditional method of shopping, presence ...