Philippines Costume Jewelry Market (2023-2029) | Size, Industry, Analysis, Value, Revenue, Share, Outlook, Growth, Trends, Segmentation & COVID-19 IMPACT

Topics Covered in the Philippines Costume Jewelry Market

The Philippines Costume Jewelry Market report thoroughly covers the market by type, by end users, and by distribution channel. The Costume Jewelry Market Outlook report provides an unbiased and detailed analysis of the ongoing Costume Jewelry Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Philippines Costume Jewelry Market Synopsis

The Philippines Costume Jewelry Market is expected to secure exponential growth in the country in the coming years owing to the rising popularity of affordable yet stylish & trendy fashion jewelry items, increasing disposable incomes, and changing fashion trends of Filipino women in the country. Additionally, Rising jewelry obsession among young girls is influenced by fashion influencers through spending most of their time on social media platforms.

According to 6Wresearch, the Philippines Costume Jewellery Market size is anticipated to grow at a higher growth rate during 2023-2029. This market growth is surging underpinned by a rapidly growing middle-class population in the country, leading to spending their incomes on discretionary items which consist, of fashionable accessories also. However, intensified competition in the market leads to making it difficult for new entrants to compete and stand out at the top among their competitors. The low average income group people in the country are unable to spend on expensive products, as a result, these challenges can hamper the Philippines Costume Jewellery industry in the upcoming years. Despite all these challenges faced by Filipinos, the market holds great potential to grow significantly with the growing young population, following fashion influencers and rising working women who can afford to spend on their desired jewelry items. This will result in an increase in the demand for a wide range of jewelry in the country.

COVID-19 Impact on the Philippines Costume Jewelry Market

The COVID-19 pandemic has had an impact on the Philippines Costume Jewelry market in the country. With pandemic lockdown, led to not only the disruption in product supplies but also resulted in the closure of all the jewelry stores in the country to avoid the spread of the virus coupled with no spending on non-essential products led to affect the costume jewelry market negatively. Although, post COVID-19 market has now gained traction with the reopening of jewelry items.

Key Players in the Philippines Costume Jewelry Market

• Dandelion Jewelry
• Tala by Kyla
• Forever 21
• SM Accessories
• H&M

Market Analysis By Distribution Channels

According to Shivankar, Research Manager, 6Wresearch, Online stores are leading in the market owing to online shopping being more convenience and saving time by showing wider product ranges.

Market Analysis By End Users

Based on this, necklaces are gaining momentum in the market owing to increasing demand for simple yet stylish and more affordable with simple detailing.

Market Analysis by End Users

Based on this, Women are more leading owing to an increasing number of working women ratio who can afford to purchase their desired jewelry items. Also, women are more fashionable than men.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

 

Key Highlights of the Report:

• Philippines Costume Jewelry Market Outlook
• Market Size of Philippines Costume Jewelry Market, 2022
• Forecast of Philippines Costume Jewelry Market, 2029
• Historical Data and Forecast of Philippines Costume Jewelry Revenues & Volume for the Period 2019 - 2029
• Philippines Costume Jewelry Market Trend Evolution
• Philippines Costume Jewelry Market Drivers and Challenges
• Philippines Costume Jewelry Price Trends
• Philippines Costume Jewelry Porter's Five Forces
• Philippines Costume Jewelry Industry Life Cycle
• Historical Data and Forecast of Philippines Costume Jewelry Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Costume Jewelry Market Revenues & Volume By Online Stores for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Costume Jewelry Market Revenues & Volume By Offline Stores for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Costume Jewelry Market Revenues & Volume By Type for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Costume Jewelry Market Revenues & Volume By Necklace/Chain for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Costume Jewelry Market Revenues & Volume By Ring for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Costume Jewelry Market Revenues & Volume By Bracelet for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Costume Jewelry Market Revenues & Volume By Earrings for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Costume Jewelry Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Costume Jewelry Market Revenues & Volume By End-User for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Costume Jewelry Market Revenues & Volume By Men for the Period 2019 - 2029
• Historical Data and Forecast of Philippines Costume Jewelry Market Revenues & Volume By Women for the Period 2019 - 2029
• Philippines Costume Jewelry Import Export Trade Statistics
• Market Opportunity Assessment By Distribution Channel
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By End-User
• Philippines Costume Jewelry Top Companies Market Share
• Philippines Costume Jewelry Competitive Benchmarking By Technical and Operational Parameters
• Philippines Costume Jewelry Company Profiles
• Philippines Costume Jewelry Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Distribution Channel

• Online Stores
• Offline Stores

By Type

• Necklace/Chain
• Ring
• Bracelet
• Earrings

By End-User

• Men
• Women