Market Overview
Global Imitation Jewelry Market Forecast size is projected to be valued at USD 22 Billion by 2027 at a CAGR of 6.3% between 2021 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 Forecast size during the forecast period.
Competitive Landscape
- 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)
Market Segmentation
- Necklaces & Chains: The necklaces & chains segment accounted for the largest market share in 2019 and is projected to remain dominant during the forecast period. The growing popularity of necklaces and chains among consumers is driving the growth of the segment.
- Earrings
- Rings
- Bracelets
- Cufflinks & Studs
- Others
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Regional Analysis
- North America
- Europe: Europe accounted for the second-largest share of the global imitation jewelry market in 2021. The key country-level markets include the UK, Germany, France, and Spain. Imitation jewelry manufacturers in Europe are focusing on the traditional designs and neutral colors of the imitation jewelry in the manufacturing process.
- Asia-Pacific: Asia-Pacific is expected to be the largest market by value. The rising population in the developing nations, along with the rise in the number of fashion-conscious consumers, is anticipated to boost the growth of the Asia-Pacific imitation jewelry market.
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