Global Imitation Jewellery Market, By Product Type (Necklaces and Chains, Earrings, Rings, Bracelets, Cufflinks and Studs, and others) Gender (Male and Female) Sales Channel (Offline and Online) – Industry Trends and Forecast to 2030.
Imitation Jewellery Market Analysis and Size
This rise in imitation jewellery market value can be attributed to the various factors such as growing globalisation of brands, rising prices of gold and other precious and valuable stones and pearls, growing popularity of e-commerce platforms especially in the developing economies and increasing personal disposable income Due to rising demand, the global imitation jewellery market is likely to rise rapidly throughout the forecast period.
Data Bridge Market Research analyses that the imitation jewellery market was valued at USD 16.70 billion in 2022 and is expected to reach the value of USD 27.85 billion by 2030, at a CAGR of 7.50% during the forecast period of 2023 to 2030. Necklaces and Chains segment dominates the global imitation jewellery market part due to rising fashion consciousness among teenagers and the availability of low-cost stylish jewellery. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Imitation Jewellery Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Necklaces and Chains, Earrings, Rings, Bracelets, Cufflinks and Studs, and others) Gender (Male and Female) Sales Channel (Offline and Online)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Chopard International SA (Geneva), Harry Winston, Inc.(New York City), CARTIER (Paris), Guccio Gucci S.p.A. (Italy), Buccellati Holding SPA (New York)
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Market Opportunities
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Market Definition
Jewellery made of low-cost metals and jewels is referred to as imitation jewellery. Imitation jewellery is typically composed of low-cost metals such as brass, nickel, sterling silver, steel, silver, or gold-plated metals. Gemstones such as lucite and rhinestone are also included. When it comes to matching jewellery pieces for different events and outfits, the cost of buying gemstones, diamonds, and solid gold is extremely expensive, therefore customers are turning to imitation jewellery to strike a balance between looking fashionable and staying within their budgets. Imitation jewellery is a copy of beautiful jewellery that costs a fraction of the price.
Global Imitation Jewellery Market Dynamics
Drivers
- Increasing Fashion Trends and Affordability
Imitation jewellery often follows the latest fashion trends. As fashion trends change, people look for affordable options to accessorize their outfits, driving demand for imitation jewellery.
Imitation jewellery is significantly more affordable than genuine precious metals and gemstones. This affordability makes it accessible to a wide range of consumers, including those on a budget.
- Rising Disposable Income and Fashion Consciousness
As disposable incomes increase in emerging markets, consumers have more money to spend on non-essential items such as fashion jewellery.
As people become more fashion-conscious, they tend to experiment with different jewellery styles, leading to increased demand for imitation jewellery.
Opportunity
- E-commerce Growth
The rise of e-commerce platforms has made it easier for imitation jewellery businesses to reach a global audience. Online retail allows for easy marketing, distribution, and sales to customers worldwide.
Restraint/Challenge
- Quality Concerns and Counterfeiting
Imitation jewellery often faces criticism for its quality compared to genuine jewellery. Consumers may hesitate to purchase imitation jewellery due to concerns about durability and the potential for skin allergies or discoloration.
Counterfeit imitation jewellery products flood the market, which can undermine the reputation of genuine imitation jewellery brands and reduce consumer trust. This can also lead to legal challenges for legitimate manufacturers.
Global Imitation Jewellery Market Scope
The imitation jewellery market is segmented on the basis of product type, gender and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Necklaces and Chains
- Earrings
- Rings
- Bracelets
- Cufflinks and Studs
- Others
Gender
- Male
- Female
Sales Channel
- Offline
- Online
Global Imitation Jewellery Market Regional Analysis/Insights
The imitation jewellery market is analyzed and market size insights and trends are provided by product type, gender and sales channel as referenced above.
The countries covered in the imitation jewellery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America region dominate the global imitation jewellery market and will continue to excel its trend of dominance during the forecast period owing to the increased focus of the manufacturers on product innovations and increased expenditure by the population on the fashion industry.
Asia-Pacific will register the highest CAGR for the forecast period owing to the rising popularity of brands, growing personal disposable income, growth and expansion of imitation jewellery market, ever-rising population and rapid globalization, westernization and modernization are some major market growth determinants for this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Imitation Jewellery Market Share Analysis
The imitation jewellery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to global imitation jewellery market.
Some of the major players operating in the imitation jewellery market are:
- Chopard International SA (Geneva)
- Harry Winston, Inc.(New York City)
- CARTIER (Paris)
- Guccio Gucci S.p.A. (Italy)
- Buccellati Holding SPA (New York)
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