Fashion Jewelry Market in India: Share Analysis, Key Segments, Competitive Landscape and Market Size & – EIN News | Directory Mayhem

Fashion jewelry market in India

According to a new report, The India Costume Jewelry market is segmented on the basis of type, gender and sale type.

Stunning designs, available in a variety of materials, and affordability are some of the factors driving the growing popularity of fashion jewelry.”

— Aniket Kadam

5933 NE WIN SIVERS DRIVE, PORTLAND, OR, UNITED STATES, Oct. 8, 2022 / — According to a new report from Allied Market Research titled “India Fashion Jewelry Market by Product Type, Gender and Mode of Sale: Global Opportunity Analysis and Industry Forecast, 2019–2027” India Fashion Jewelry Market Size was estimated at US$1,788.6 million in 2019 and is projected to reach US$2,126.3 million by 2027 at a CAGR of 7.0% from 2019 to 2027.

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The Indian fashion jewelry market has been growing at a considerable rate over the years and is expected to grow at a steady rate over the forecast period. This is due to many factors including a change in lifestyle, an increase in the price of precious metal jewelry, increased fashion awareness, and a change in packaging style and attractive marketing strategies.

Costume jewelry is made from a variety of materials including metal, plastic and glass. Intricate designs and patterns made from these materials are embellished with pearls, precious and semi-precious stones to create attractive pieces of jewellery. Consumers have a wide range of fashion jewelry to choose from, including bangles, necklaces, earrings and rings. Costume jewelry is indistinguishable from real jewelry and appears to be made of gold, silver, or rose gold. It’s made of materials that are easy to break, so it doesn’t have a long shelf life. Fashion jewelry is cheaper and more attractive, which is why fashion jewelry is becoming more and more popular among customers.

Additionally, the rising interest in fashion jewelry among both female and male consumers as a result of celebrity endorsement has paved the way for fashion jewelry. In addition, increasing disposable income and living standards in emerging markets like India, as well as a growing consumer preference for fashion accessories, are driving the demand for fashion jewellery. However, the availability of substandard and counterfeit products as well as price volatility in the raw materials used to create these jewelry are limiting market growth.

By product type, the earring segment was the top-selling segment in 2019. This is because the availability of lightweight earrings in different designs and colors that can be worn with a variety of outfits creates opportunities for market growth. By gender, the female segment held the largest market share due to the increase in purchasing power supported by the employed female population. The retail segment led the market by sales type, as retail distribution channels provide value-added services such as customer care.

During the forecast period, market demand will be driven by fluctuating gold prices and rising prices of diamonds and other precious metals. Increased awareness of new fashion trends and acceptance of new and changing lifestyles, as well as an increase in people’s per capita income will drive business growth in the years to come. Additionally, the market will benefit from easy access to colored stone jewelry at a lower cost and with slightly lower maintenance fees in the near future. People of all socioeconomic backgrounds, including low-income families, spend a significant amount of money on affordable costume jewelry to emulate characters from popular television shows.

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Prominent players in India’s fashion jewelry industry include Avon Products Inc., Voylla, Zaveri Pearls, Pipa Bella, Sukkhi Fashion Jewelry, Romoch, Tanishq, Swarovski Group, Tribe Amrapali, Isharya, Yellow Chimes, Kushal’s, Youbella, SIA, Peora, and Pooja -Jewels. These major players adopt a number of strategies such as product launch, mergers and acquisitions, acquisitions, joint ventures and partnerships to create a brand identity in the Indian fashion jewelry market.

Main benefits for stakeholders:

○ This report provides quantitative analysis of current trends, estimates and dynamics of India Fashion Jewelry Market from 2021 to 2028 to identify the prevailing market opportunities.
○ Porter’s Five Forces Analysis highlights the potential of buyers and suppliers to empower stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
○ An in-depth analysis of market segmentation helps to determine the prevailing market opportunities.
○ Key countries in each region are mapped according to their revenue contribution to the global market.
○ The Market Player Positioning segment facilitates benchmarking while providing a clear understanding of the current position of key market players.
○ The report includes an analysis of the regional and global market, key players, market segments, application areas and growth strategies.

Reasons to buy this Indian Fashion Jewelry Market Report:

○ Mergers and acquisitions should be well planned by identifying the best manufacturer.
○ Assign new customers or possible partners to the demographic group you are looking for.
○ Suitable for providing reliable and high quality data and analytics to support your internal and external presentations.
○ Develop tactical initiatives by better understanding where large organizations can intervene.
○ To increase and expand business potential and to achieve, develop and plan licenses and licensing strategies by finding possible partners with the most attractive projects.
○ Identify newcomers with potentially strong product portfolios and develop effective counter-strategies to gain a competitive advantage.
○ Gather information, analysis and strategic insights from competitors to develop effective R&D strategies.

Related reports:

○ The luxury jewelry market is expected to reach US$40.19 billion by 2031
○ Pearl Jewelry Market Will Show Increase By 2030, Report

○ Imitation Jewelry Market Growth Opportunities in Global Industry by 2030

○ The luxury cosmetics market is expected to reach US$81,247.6 million by 2026

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