Global Imitation Jewelry Market size is projected to be valued
at USD 22 Billion by 2027 at a CAGR of 6.3% between 2020 and 2027. Imitation
jewelry includes a range of decorative items that are prepared from inexpensive
materials. Major consumers prefer imitation jewelry as it cheap as compared to
gold and silver jewelry. Imitation jewelry is popular among women, men,
corporate employees, and teenagers. Additionally, Europe and Asia Pacific
markets are witnessing a high demand for imitation jewelry among consumers.
Investments are projected to have a significant impact on the imitation jewelry
market size during the forecast period. The imitation jewelry market has
registered tremendous growth in the past few years, and the same trend is
expected during the forecast period. The key players in the market have been
responsive to shifting consumer preferences and are focused on strategic
acquisitions, product launches, and partnerships. All the factors are
anticipated to create substantial growth opportunities for the global imitation
jewelry market.
Imitation
Jewelry Market Share
Market USP
The growing popularity of imitation jewelry among
fashion-conscious consumers
Growth Opportunities in the Market
Increase in demand for jewelry among working women
population: There is a high demand for imitation jewelry among
working women as they are versatile. Imitation jewelry can easily be worn at
any event and at any time. As compared to gold and silver jewelry, imitation
jewelry costs less and provides an elegant look for the consumers.
Increase in demand for necklaces & chains
among the youth: The necklaces & chains segment is
projected to be the fastest-growing segment during the forecast period. An
increase in the demand for necklaces and chains can be attributed to the rise
in fashion consciousness among men and women.
Key Players
- LOUIS
VUITTON (France)
- Yurman
Design, Inc. (US)
- Billig
Jewelers, Inc. (US)
- Avon
Product Inc. (US)
- Stuller,
Inc. (US)
- BaubleBar
Inc. (US)
- DCK
Concessions (UK)
- Buckley
Jewellery Limited (UK)
- Gianni
Versace S.p.A. (Italy)
Complete Report Details @ https://www.marketresearchfuture.com/reports/imitation-jewelry-market-10399
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