United States Costume Jewelry Market Research Analysis Report By Distribution Channel (Multi brand Boutiques, Online Retailing, Mono Brand stores, Others), By Product Type (earrings and finger rings, necklace & pendants, bracelets & bangles, Brooch, Anklet and Toe Rings, Others) By Geographic Scope And Size, Share, Trends, Drivers, Forecast to 2030
Pages: 300 | Jun-2024 Formats | PDF | Category: Consumer Goods | Delivery: 24 to 72 Hours
United States Costume Jewelry Market Overview
United States Costume Jewelry Market is expected to grow rapidly at a 6.1% CAGR to reach $ 25.9 Billion by 2030.
The most recent For Insights Consultancy research study, “United States Costume Jewelry Market,” provides knowledge of the current market’s development, landscape, technologies, drivers, opportunities, viewpoint, and status. It contains more than 120+ pages of analysis on business strategy adopted by major and emerging industry players. Recognising the significance of various elements that support market expansion is made easier by an understanding of the segments.
In 2004, the United States costume jewelry market in 2004 was thriving and varied, demonstrating the diverse styles and tastes of the consumers. Costume jewelry, which is typically composed of non-precious materials, plastic, or glass was a cost-effective, yet fashionable alternative to high-end jewelry.
In this time it changed due to a myriad of factors, including the fashion industry, endorsements from celebrities as well as economic conditions. The trend for bold statement pieces was prevalent along with vintage-inspired styles and simple designs.
The major players in the market comprised established brands as well as emerging designers, all adding to the market’s diverse variety of options. The retail channels included everything from luxury boutiques to department stores and online platforms that served an array of customer needs and preferences.
In addition, the market witnessed technological advancements in materials and techniques which allowed for more imagination and flexibility in jewelry designs. In general the US market for costume jewelry was recognized in 2004 for its creativity, energy and accessibility, offering buyers with a variety of choices to express their individuality and personality.
United States Costume Jewelry Market Trends 2024
Sustainability: As people become more aware of environmental issues, people are more and more looking for ethically-sourced and sustainable alternatives to costume jewelry. Businesses are responding with recyclable materials and ethical practices for sourcing and environmentally friendly production techniques.
Personalization: Personalization and customization are growing in popularity which allows consumers to create individual jewelry items that reflect their personal fashion and style. Technologies such as 3D printing permit the creation of personalized designs on demand.
Digitalization online sales channels are growing in importance as e-commerce platforms offer an easy way for customers to shop and buy costume jewelry. Social media platforms have a major role to play, with online communities and influencers in driving trends and influencing consumers’ choices.
Inclusivity: The market embraces diversity and inclusion and focuses on providing jewelry choices that are suited to a broad spectrum of preferences, tastes and kinds of bodies. This includes the development of gender-neutral and size-inclusive collections.
Vintage Revival Vintage-inspired designs remain popular and consumers are drawn to the timeless appeal and nostalgia of retro designs. Antique and vintage jewelry pieces are sought-after because of their unique design and historic significance.
Technology Integration Wearable technology is integrated into the costume jewelry market, offering unique features like notifications, fitness tracking and contactless payment. These tech-infused designs target tech-savvy customers looking for practical but stylish accessories.
Overall, the costume jewellery industry within the United States in 2024 is marked by a mix of modernity and tradition with an emphasis in sustainability, customization and inclusiveness driving industry expansion and engagement with consumers.
United States Costume Jewelry Market Dynamics 2024
Growth drivers:
Fashion Trends: The changing fashion trends and preferences of consumers increase demand for jewelry that is costume-inspired. The industry thrives on providing low-cost, stylish alternatives to high-end jewelry. This allows consumers to explore different styles without breaking the bank.
Accessibility: Costume jewelry provides a cheaper alternative to expensive jewelry, which makes it more accessible to a wider market. Factors like disposable income levels as well as consumer behavior affect the popularity of costume jewelry.
Influencers and Social Media: Social media platforms as well as influencers play a major role in shaping the preferences of consumers and increasing sales in the jewelry market. Influencers display diverse designs and trends, which influence the purchasing decisions of their followers.
Technology advances allow new designs and procedures in the world of costume jewelry. Companies make use of technology like 3D printing, CAD/CAM and 3D printing to create exquisite and custom jewelry pieces, appealing to tech-savvy customers.
Customization: The increasing desire for products that can be personalized drives the trend towards personalization in costume jewelry. Companies offer options for customization which allow consumers to create individual pieces that match their tastes, which results in an increase in customer satisfaction and loyalty.
Restraints:
Economic Factors: Economic slowdowns and changes of disposable income could influence consumer spending on things like costume jewelry. When there is uncertainty in the economy consumers could prioritize essential purchases over their discretionary spending on fashionable accessories.
The competition comes with Fine Jewelry: While costume jewelry can be affordable and flexible however, it faces competition from fine jewelry with regard to perceived value and endurance. Certain consumers might prefer investing in fine jewelry due to its value and durability. offer.
Environmental concerns: Sustainability issues including the impact on the environment of the production of costume jewelry and garbage disposal are becoming more important for consumers. Companies that do not deal with sustainability issues could get a backlash and lose market share.
Contraband: The jewellery market is vulnerable to counterfeiting with counterfeit goods flooding the market and destroying the sales of authentic brands. Counterfeiting doesn’t just harm brand image but can also result in losses for legitimate companies and retailers.
Demand Chain Disruptions Problems within the supply chain like shortages of raw materials, transport delays and geopolitical tensions could affect both the manufacturing and delivery of jewelry for costume. Companies need to navigate the challenges of supply chain management to ensure that their products are delivered on time and satisfy consumer demand.
United States Costume Jewelry Market Segment Analysis
The United States costume jewelry market is segmented according to several factors like material kind, type of product, distribution channels, and demographics.
Material Jewelry made of costume can be constructed from a variety of materials, including metals (such as copper, brass and aluminum) plastic, glass beads, semi-precious stones. Each one has its own designs and prices and caters to different tastes of the consumer.
Type of Product: The most popular products that are sold in the market for costume jewelry include earrings, necklaces as well as rings, bracelets brooches, and other hair accessories. Each category of product can be classified based on design designs, like statements pieces simple designs and vintage-inspired designs, as well as bohemian.
Distribution Channel Fashion jewelry is sold through numerous distribution channels such as brick-and mortar stores like department stores, specialty boutiques and fashion stores. In addition online channels like online stores, brand websites as well as social media platforms play an important part in bringing consumers to.
Consumer Demographics The market is able to cater to an array of different demographics of consumers, such as gender preferences, age groups as well as income ranges. While some people might prefer fashionable and inexpensive jewelry, others might prefer the highest quality designer costume jewelry for special events.
Segregating market segments in the United States costume jewelry market helps businesses target certain consumers more effectively, recognize their distinct desires and needs and adapt marketing strategies to meet their needs.
By Distribution Channel
- Multi brand Boutiques
- Online Retailing
- Mono Brand stores
- Others
By Product Type
- earrings and finger rings
- necklace & pendants
- bracelets & bangles
- Brooch
- Anklet and Toe Rings
- Others
New Developments
In May 2021, AKS Jewels, a manufacturer of bangles and necklace expanded its portfolio base with the introduction of the costume jewelry segment in India.
In February 2021, Mango, a Jewelry manufacturer and seller launched 3D printed costume jewelry capsule collection that consists of the jewelry products made up of 90% sustainable material.
In January 2021, Chanel SA, the company participated in Spring/Summer 2018 show at Paris, France in order to showcase its costume jewelry and expand its customer base
In December 2020, Chanel SA, the company opened a new Chanel boutique in the Hotel Camelot de Bisexual at le Marais, Paris in order to expand its presence in the domestic market
Competitive Landscape of the United States Costume Jewelry Market
The United States costume jewelry market is a highly competitive market that is comprised of well-known companies, new designers and niche players fighting to capture market shares.
The major players in the market include:
Swarovski is renowned by its jewelry made of crystal, Swarovski offers a wide collection of costume jewelry like necklaces, earrings rings, bracelets and more. Swarovski is known for its distinctive designs and top-quality workmanship.
Kendra Scott: With a preference for striking colors and statement items, Kendra Scott has gained popularity with those who want fashionable and stylish costume jewelry. Kendra Scott offers a wide assortment of items, such as necklaces, earrings, bracelets and rings.
BaubleBar: BaubleBar is a famous online retailer of affordable and trendy costume jewelry. The brand has a large assortment of trendy pieces like statement earrings necklaces that are layered and stackable bracelets.
Alex and Ani is a brand known for its eco-friendly designs as well as important accessories, Alex and Ani specialize in bangles, charm bracelets and necklaces. The brand’s focus on sustainability and charity is a hit with consumers who are socially conscious.
Charming Charlie: Charming Charlie is a store that specializes in fashionable accessories at a reasonable price such as bags, costume jewelry, and scarves. The brand provides a vast range of styles that cater to different occasions and tastes.
Kate Spade New York: A well-known luxury brand, Kate Spade New York has a wide selection of jewelry for the costume market featuring fun designs and vivid colors. The brand’s playful yet elegant pieces are a hit with trendy buyers.
Etsy is a marketplace for artists and designers that are not in the mainstream, Etsy offers a diverse collection of unique and hand-made costume jewelry items. Shoppers can browse unique designs, and also support small-scale businesses with their purchases.
- Chanel S.A
- Guess Inc.
- Gianni Versace S.p.A
- Alex and Ani LLC
- Pandora A/S
- LVMH Moët Hennessy Louis Vuitton SE
- Hermes International SA
- Hennes & Mauritz Ab
- ZARA ESPANA SA
- Gucci
United States Costume Jewelry Market Regional Outlook
The United States, the costume jewelry market displays a varying regional perspective, which is affected by factors like the fashion and demographic trends and economic conditions.
Northeast Northeast Northeast region, which includes states such as New York and New Jersey is a center for trends and fashion. Cities like New York City drive demand for designer and high-end jewelry, as consumers seek exclusive and luxurious pieces to complement their personal style.
West Coast: The West Coast comprising California is known for its laid-back, yet fashionable fashion scene. People in this region tend towards bohemian-style and casual jewelry, usually made of natural materials and beachy ambiances.
Midwest region: Midwest region, including states such as Illinois and Ohio is home to many different types of customers with different preferences. Cities like Chicago might favor trendy and striking pieces, whereas rural and suburban areas might be more influenced by traditional and timeless fashions.
South Southern: Southern region, which includes states such as Texas and Florida and Florida, is home to a blend of contemporary and traditional styles. People in this region are enthused by the versatility and affordability of costumes that effortlessly transition from day to night.
Pacific Northwest: The Pacific Northwest which includes states such as Washington and Oregon is known for its environmentally conscious and laidback life style. The people who live here care about sustainability and can look for handmade and eco-friendly costume jewelry that is made from recycled materials.
Frequently Asked Questions
What are the major growth driving factors for the U.S. costume jewelry market during the forecastperiod?
The fluctuating price of gold and the rise in the price of gold, diamonds, and other precious materials and Increase in fashion consciousness and a surge in the adoption of jewelry are the major Driving factors.
Which type of product segment dominates the market?
Earrings & finger rings segment dominates the market
What are the segments considered in the market?
The market has been segmented by product type, by distribution channel and by price range.
Who are the prominent players in the market?
Key players operating in U.S. costume jewelry market are Chanel S.A, Guess Inc., Gianni Versace S.p.A, Alex and Ani, LLC, Pandora A/S, LVMH Moët Hennessy Louis Vuitton SE, Hermes International SA, Hennes & Mauritz Ab, ZARA ESPANA SA, and Gucci
Report Features
This report gives the most complete information. The report on United States Costume Jewelry format has been designed so that it can provide the best value to the business. It offers crucial insights into the market’s dynamic and will aid in strategic decision-making for current players as well as those looking to join the market.
What Deliverables Will You Get in this Report?
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Key questions this |
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How big is the sales opportunity? |
In-depth analysis of the Global |
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Market forecast and trend data and |
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Which regions offer the best sales |
Global, regional and country level |
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Market segment analysis and |
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Competitive landscape analysis, |
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Price Range
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- PEST Analysis
- PORTER’s Analysis
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
- U.S. Costume Jewelry Market, By Product Type, 2018 – 2030 (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Bracelets and Bangles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Billion)
- Earrings and Finger Rings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Billion)
- Necklaces and Pendants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Billion)
- Anklets and Toe Rings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Billion)
- Brooch
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Billion)
- U.S. Costume Jewelry Market, By Distribution Channel, 2018 – 2030 (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Mono-brand Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Billion)
- Multi-brand Boutiques
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Billion)
- Online Retailing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Billion)
- U.S. Costume Jewelry Market, By Price Range, 2018 – 2030 (US$ Billion)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Low US$ 50-150
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Billion)
- Medium US$ 150-220
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Billion)
- High US$ 220 and above
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Billion)
- Competitive Landscape
- Market Share Analysis
- Company Profiles
- Chanel S.A
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Guess Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Gianni Versace S.p.A
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Alex and Ani, LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Pandora A/s
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- LVMH Moët Hennessy Louis Vuitton SE
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Hermes International SA
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Hennes & Mauritz Ab
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- ZARA ESPANA SA
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Gucci
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- References
- Research Methodology
- About us and Sales Contact
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