Costume Jewelry Market Set to Reach USD 79.22 Billion by 2031, Driven by Fashion Trends and Increasing Demand for Affordable Accessories

Pune, India - May 27, 2025 — According to an in-depth market study conducted by Straits Research, the Global Costume Jewelry Market was valued at USD 40.98 billion in 2022 and is projected to surge to USD 79.22 billion by 2031, expanding at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2031. This strong market trajectory is being fueled by dynamic fashion trends, rising consumer awareness of personal aesthetics, and the growing demand for stylish, budget-friendly accessories.

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Market Scope and Research Methodology

This report by Straits Research provides a comprehensive analysis of the costume jewelry industry, including emerging trends, current market dynamics, and future projections. Our research methodology incorporates primary interviews with industry leaders, detailed secondary research from credible databases, and analytical modeling to validate the findings. The report also explores product innovations, consumer behavior shifts, and regulatory frameworks that are influencing global market expansion.

Regional Insights

North America Leads with Fashion-Forward Demand

North America currently holds the lion’s share of the global costume jewelry market and is projected to maintain a steady CAGR of 6.9% through 2031. This dominance is attributed to increasing demand for unique and trendy designs, combined with a mature e-commerce ecosystem and social media influence. In the United States, rising gold and silver prices have made fashion jewelry a compelling alternative for consumers seeking style on a budget.

Asia-Pacific Emerges as a High-Growth Region

Asia-Pacific is anticipated to experience the fastest growth, with an expected CAGR of 8.4%. Rising incomes, urbanization, and the influence of pop culture have fueled demand for fashionable yet affordable jewelry across countries like India, China, and Indonesia. Local consumers are increasingly exposed to Western styles, and brands are capitalizing on this by launching tailored collections that resonate with regional preferences.

Market Segmentation

By Product Type

• Necklaces and Chains dominate this segment due to their versatility and popularity for both daily wear and formal events. This sub-segment is expected to grow at a CAGR of 6.8%.
• Rings and Earrings are seeing increased demand driven by rapid changes in global fashion and greater male participation in fashion accessories.
• Bracelets, Cufflinks, and Others follow closely, expanding due to their use as gifting items and casual wear accessories.

By Gender

• Female consumers continue to lead the market, showing a preference for semi-precious and designer costume jewelry that complements diverse wardrobes.
• Male consumers, while representing a smaller share, are exhibiting strong growth, particularly in urban areas, where fashion awareness is growing thanks to media and influencer culture.

For further information or to request a customized report : https://straitsresearch.com/report/costume-jewelry-market/request-sample 

Key Market Players

• Avon Products Inc.
• Randa Accessories
• Stuller Inc.
• Buckley London
• DCK Group
• Giorgio Armani S.p.A.
• Compagnie Financière Richemont SA
• H.Stern Jewelers Inc.
• LVMH Group
• Yurman Design Inc.

FAQs

1. What is the current value of the global costume jewelry market?
The global costume jewelry market was valued at USD 40.98 billion in 2022.

2. What is the projected growth of the market?
The market is projected to reach USD 79.22 billion by 2031, growing at a CAGR of 7.6%.

3. Who are the major consumers of costume jewelry?
Women remain the primary consumers, but male participation in fashion jewelry is rapidly growing.

4. What are the main product segments in this market?
Key segments include necklaces and chains, earrings, rings, bracelets, cufflinks, and studs.

5. Which region leads the costume jewelry market?
North America holds the largest market share, followed by Asia-Pacific and Europe.

6. What are the key growth drivers?
Changing fashion trends, affordability, rising fashion consciousness, and innovative marketing strategies are driving growth.

7. Are there any regulatory challenges?
Yes. Laws related to the use of nickel, lead, and cadmium in jewelry pose operational challenges, particularly in the EU and U.S.

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