Indian costume jewelry market size is expected to grow to USD 639.32 million from 2022 to 2027 due to affordability

new york, April 17, 2023 /PR Newswire/ — Costume jewelry market size India estimated to grow by US$639.32 million From 2022 to 2027, according to Technavio. the market is CAGR 8.64% during the forecast period. For detailed insights on the historical period (2017-2021) and market size forecast (2023-2027), request a sample report.

Technavio has released its latest market research report titled Indian Costume Jewelery Market 2023-2027.

Technavio has released its latest market research report titled Indian Costume Jewelery Market 2023-2027.

what’s new?

  • Special coverage of RussiaUkraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions.recession risk

  • Global Competitiveness and Position of Major Competitors

  • Market presence across multiple geographic footprints – strong/active/niche/minor – Buy the report!

Costume Jewelry Market – Segmentation Evaluation
Segment overview
Technavio has segmented the market based on distribution channels (offline and online) and product types (necklaces and chains, earrings, rings, bracelets, etc.).

  • Market share growth India by offline segment It will be important for the growth of the market during the forecast period. Different types of offline channels include hypermarkets, supermarkets and specialty retailers, providing consumers with a wide variety of products to choose from. Additionally, some e-commerce platforms are looking to expand their presence by partnering with local retailers and distributors and expanding their own retail outlets. for example, April 2021, Nykaa E-Retail Pvt. Ltd. acquired Pipa Bella and IndiaTherefore, such M&A efforts are expected to boost the growth of the segment and thereby the market growth of the costume jewelry market. India during the forecast period.

Insights into the market contributions of different segments by country and region, including historical (2017-2021) and market size projections (2023-2027) – download sample report

Costume Jewelery Marketmarket dynamics
Key Factors Driving Market Growth

  • Key Drivers of Costume Jewelry Market Growth India Affordable prices for costume jewelry.

  • Gold and silver prices fluctuate from time to time.For example, on average, necklaces and rings cost about $15 to USD 25 and US$5 to US$ Therefore, the high procurement costs associated with jewelery manufactured using gold, silver and precious stones are expected to increase the adoption of costume jewellery.

  • Moreover, new designs, colors, and innovations in costume jewelry will boost the growth of the costume jewelry market. India This allows consumers to experiment with costume jewelry products.

  • Rising adoption of costume jewelery as a national fashion accessory and rapidly changing consumer lifestyles are pushing people to buy costume jewelery instead of expensive jewellery, leading to the growth of the market during the forecast period. We are promoting growth.

Key trends impacting the market

  • Emerging trends in the costume jewelry market India Increasing demand from millennials is expected to drive market demand.

  • Individuals in the 18-34 age group are classified as millennials. They form a major consumer segment of the country’s costume jewelry market.

  • Millennials recognize the authenticity and quality of different types of costume jewelry such as necklaces, rings, and bracelets.

  • Additionally, the prevalence of social media and changing lifestyles are influencing interest in costume jewelry. This has forced costume jewelry makers to launch new products with innovative designs.

  • Therefore, the costume jewelry market is expected to grow due to such new product launches. India during the forecast period.

Key challenges hindering market growth

  • Key Challenges Hampering Costume Jewelry Market Growth India Not durable enough.

  • Costume jewelry requires proper maintenance and careful handling as it is fragile, loses its shine and cannot be repaired or rebuilt. That is why many vendors in the Indian market offer guarantees on their products in case of problems. I have not.

  • In contrast, fine gold, gemstone and platinum items have a longer shelf life and are covered by a limited period of warranty than costume jewelry.

  • Vendors in the unorganized sector offer costume jewelry at affordable prices, but the quality is not good.In addition, costume jewelry manufacturers use dangerous chemicals such as lead, chromium, and nickel. You must to do something before you go on. These cause various allergic reactions on the skin and are considered harmful to health.

  • Various consumers prefer premium costume jewelry products from certain designers and brands over fashionable and cost-effective costume jewelry.

  • Hence, growing preference for premium costume jewelery products hinders the growth of the Indian costume jewelery market.

Insights on market drivers, trends and challenges over historical (2017-2021) and forecast (2023-2027) time periods – request a sample report.

What are the key data covered in this Costume Jewelry Market? India report?

  • CAGR of the market during the forecast period

  • Detailed information on the factors driving the growth of the costume jewelry market India Between 2023 and 2027

  • Accurate Estimation of Costume Jewelry Market Size India and market contributions focused on the parent market

  • Accurate prediction of upcoming trends and changes in consumer behavior

  • Growing costume jewelry market India

  • In-depth analysis of market competitive landscape and vendor details

  • Comprehensive Analysis of Factors Challenging the Growth of the Costume Jewelry Market India vendor

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Related reports:

  • of 3D printed jewelry market is estimated to grow at a CAGR of 22% from 2022 to 2027. The market size is projected to increase by US$3,711.23 million. This report is organized by technology (SLA, SLS, DLP, FDM, etc.), type (gold, silver, brass, etc.), geography (North America, Europe,Asia Pacific, south americaand middle east and Africa). Increasing adoption of 3D printing across industries is driving the market growth in particular.

  • of Global diamond jewelery market The size is estimated to increase by USD 16.6 billion between 2022 and 2027, accelerating at a CAGR of 3%.North America,Asia Pacific, Europe, middle east and Africaand south america). The shift to e-commerce platforms is accelerating the growth of the global jewelry industry.

Costume jewelry market size

report coverage


base year


historical period


Forecast period


Growth Momentum and CAGR

Accelerate at a CAGR of 8.64%

Market growth 2023-2027

US$639.32 million

market structure


Year-over-year growth rate (%) from 2022 to 2023


Regional analysis


competitive environment

Key vendors, vendor market positioning, competitive strategies, industry risks

Main company introduction

Anuradha Art Jewelery, Avon Products Inc., GBL Altair Pvt. Ltd., GlobalBees Brands Pvt. Ltd., Indian Imitation Jewelery, IndieJewel Fashions Pvt. Ltd., Isharya, Kushals Fashion Jewelery, Manek Ratna, Mangalmani Jewelers, Nykaa Fashion Pvt. Ltd., Padmavati Jewelry, Romoch, Rubans Accessories, Sia Jewels Pvt. Ltd., Sukkhi Online Pvt. Ltd., TBA Jewels Pvt. Ltd., Purple and Violet Designer Fashion Jewelry Pvt. Ltd., YouBella Jewelry and Lifestyle, Zariin

market dynamics

Parent market analysis, market growth drivers and obstacles, fast and slow growth segment analysis, COVID-19 impact and recovery analysis, and future consumer dynamics, market landscape analysis for the forecast period

Customization range

If the data you’re looking for isn’t in the report, contact an analyst to customize the segment.

View Technavio’s Consumer Discretion Report

table of contents :

1.executive summary

2 Market outlook

3 Market size

4 Historical market size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Distribution Channel

8 Customer Situation

9 Drivers, challenges and trends

10 vendor landscape

11 vendor analysis

12 Appendix

about us
Technavio is the world’s leading technology research and advisory firm. Their research and analysis focuses on emerging market trends, with actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market position. provide. With over 500 expert analysts, Technavio’s report library consists of over 17,000 reports covering 800 technologies across 50 countries. Their customer base consists of companies of all sizes, including over 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify existing and potential market opportunities and compete within changing market scenarios. Evaluate power.

Technavio Research
Jessie Maida
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Indian Costume Jewelery Market 2023-2027

Indian Costume Jewelery Market 2023-2027



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