USD 5.4 billion
Report ID:
SQMIG30L2125 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
114
|Figures:
79
Beaded Jewelry Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 8.9% during the forecast period (2025-2032).
The market expansion has mostly been ascribed to consumers' growing fashion consciousness, changing lifestyles, and greater disposable money. Additionally, market expansion is accelerated by the consumer's increasing purchasing power per capita income. Additionally, the producers are concentrating and spending money on growing their customer base by luring them in through a variety of channels, like through e-commerce websites and discount programs, thereby speeding market expansion. Additionally, a significant market trend that will fuel the demand for beaded jewelry in developing nations is the ongoing creation of creative and eye-catching ornamental beaded products.
The popularity of corporate people, working women, and young people is developing as a result of the growing number of manufacturers who have produced numerous affordable solutions. Additionally, millennials and young professionals in the workforce like beaded jewelry over fine jewelry. The rise in demand for beaded goods around the world has also been significantly influenced by changes in the price of gold and silver.
The market for beaded jewelry is expected to be driven by rising urbanization, shifting consumer buying patterns, and expanding digital innovation. The demand for fashion jewelry in this area has also increased due to the growing inclination for inexpensive wearing jewelry products in Asian nations like China and India, which is driving the market's growth throughout the forecast period. The demand for beaded jewelry has been driven in recent years by an increase in the middle class in developing economies as well as disposable income.
The demand for the fashion industry has recently been impacted by the growing e-commerce sector and internet access in urban and rural areas. Additionally, the suppliers are offering significant discounts on online jewelry purchases and simple access to a variety of products; this could help consumers save time and money, which will further fuel industry expansion. Additionally, the market has grown over the anticipated period because of the rising demand for the beaded product in the men's market.
However, the growth could be hampered by market FAD items and variable raw material prices. Due to an unorganized supply chain in the market for beaded jewelry around the world, the fashion jewelry sector has noticed a significant rise in the price of the beaded product. These elements may limit market expansion throughout the time frame given. The market is likely to grow faster than predicted over the forecast period as reputable vendors and expanding online marketplaces create new opportunities for industry players.
Global Market Size
USD 5.4 billion
Largest Segment
Offline
Fastest Growth
Offline
Growth Rate
8.9% CAGR
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Global Beaded Jewelry Market is segmented based on Product, Material, End-user, Distribution Channel and region. Based on Product the market is segmented into Necklaces, Bracelets, Rings, Earrings. Based on Material the market is segmented into Plastic, Glass, Metal and Others. Based on End User the market is segmented into Women and Men. Based on Distribution Channel the market is segmented into Online and Offline. Based on region the global Beaded Jewelry Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Product
The necklaces industry controlled the market in 2021 and held a revenue share of more than 35.0%. The segment is expected to expand at a CAGR of 8.6% between 2022 and 2030. The market is expected to increase more quickly over the course of the projected period as a result of the beaded necklaces' rising acceptance among young people, particularly working women. Over the past few years, companies investing in new product launches, a variety of product designs, and the growing trend of changing jewelry every day have been some of the major factors driving market growth.
The bracelets market is anticipated to grow at the quickest annual rate, or 9.7%, between 2022 and 2030. Due to the escalating need for bracelets, which is primarily being driven by the enormous demand for various beaded products in countries like China and India, the market is growing swiftly. The category is also anticipated to develop during the projected period as a result of men's increasing bracelet demand. The increased demand for metal-coated beaded products among young people in both developed and developing countries is also estimated to hasten market expansion over the course of the projected time frame.
Analysis by Distribution Channel
In 2021, the offline distribution channel segment, which had the biggest revenue share of about 75.0%, dominated the market for beaded jewelry. From 2022 to 2030, the segment is anticipated to grow at a CAGR of 8.7%. The section includes offline channels like jewelry stores, and it is anticipated that over retail will speed up industry growth. Due to the availability of a huge range of beaded products under one roof and the availability of bargaining characteristics, the traditional manner of purchasing has also come to dominate the market. In the jewelry product category, customers prefer to go to physical stores to have their purchases personalized to their tastes, which contributes to the market's expansion.
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Asia Pacific dominated the market for beaded jewelry in 2021, accounting for the largest revenue share of around 35.0%. The huge demand for beaded jewelry in countries like China, Japan, and India is the cause of this. Due to the fastest-growing working population and rising disposable income, the region is experiencing a high demand for jewels. Additionally, it is projected that this region's expanding need for fairly priced jewelry and increased acceptability of stylish products will quicken market progress.
The market in Europe is anticipated to grow at the highest CAGR of 9.8% between 2022 and 2030 as a result of consumers' increasing preference for various types of jewelry and the high acceptability of beaded products in the U.K., Germany, France, Spain, and Italy. The market is expanding as a result of the expanding interest for metal-coated beaded goods in this region. Additionally, socioeconomic factors such as significant urbanization and shifting lifestyles in the U.K., Germany, and France have a beneficial influence on the creation of new products, which is expected to fuel market expansion throughout the projection period.
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Drivers
Fashion Trends to Bolster Market Growth
Restraints
Limited Raw Materials to Hinder Market Growth
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To appeal to customers around the world, both small and large firms are developing cutting-edge products and broadening their product lines. Additionally, many jewelers report strong demand for their goods, particularly from the working population and the younger age. Additionally, beaded jewelry is becoming more popular all around the world, largely as a result of the availability of many types. Collaborations, the growth of distribution channels, and the introduction of new products are the main priorities for key companies.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Beaded Jewelry market is the market expansion that has mostly been ascribed to consumers' growing fashion consciousness, changing lifestyles, and greater disposable money. Additionally, market expansion is accelerated by the consumer's increasing purchasing power per capita income. Additionally, the producers are concentrating and spending money on growing their customer base by luring them in through a variety of channels, like through e-commerce websites and discount programs, thereby speeding market expansion. However, the growth could be hampered by market FAD items and variable raw material prices. Due to an unorganized supply chain in the market for beaded jewelry around the world, the fashion jewelry sector has noticed a significant rise in the price of the beaded product. These elements may limit market expansion throughout the time frame given. The market is likely to grow faster than predicted over the forecast period as reputable vendors and expanding online marketplaces create new opportunities for industry players.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 0 Billion |
Market size value in 2032 | USD 0 Billion |
Growth Rate | 8.9% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Beaded Jewelry Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Beaded Jewelry Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Beaded Jewelry Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Beaded Jewelry Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30L2125
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