Colombia Costume jewelry market revenue is projected to grow at a CAGR of 4.6% during 2024–2030

Based on types, the earrings category attained the highest revenue share in Colombia Costume Jewelry Market – 6Wresearch

In 2023, earrings held the major revenue share in the Colombian costume Jewelry market due to their versatility, affordability, and popularity driven by fashion trends and social media influence. They complement various outfits and are considered essential fashion accessories widely worn daily. The broad range of designs and cultural significance also contribute to their strong market presence.

According to 6Wresearch, Colombia Costume Jewelry Market revenue is projected to grow at a CAGR of 4.6% during 2024–2030. The Colombian costume Jewelry market is poised for significant growth, driven by increased fashion consciousness and the influence of social media. The rising popularity of trendy, affordable accessories, combined with many consumers emulating online styles, plays a crucial role. Additionally, Colombia had 39.34 million internet users (75.7% penetration) and 38.45 million social media users (74% of the population) at the start of 2023, which amplifies the reach of fashion trends and influencer marketing. The country's growing middle class with higher disposable incomes further boosts spending on non-essential items like costume Jewelry. The cultural importance of Jewelry and numerous fashion events also support market expansion, making costume Jewelry a thriving market in Colombia.​

The significant presence of Generation Z in the Colombian population, actively engaging on social media platforms, is elevating the collective fashion awareness in the country. As Generation Z's share in the workforce and their purchasing power increase in the future, the costume jewelry market is expected to expand. A substantial portion of online sales is driven by mobile commerce, and mobile marketing is increasingly influencing consumer buying behaviour. Consequently, the growing number of mobile connections will likely boost the demand for fashion accessories, such as costume jewelry.

According to Parth, Senior Research Associate, 6Wresearch, in 2023, women held the major revenue market share in the Colombian costume Jewelry market primarily due to their higher consumption of fashion accessories compared to men. Women's strong interest in fashion trends, social media influences, and the cultural importance of Jewelry in personal adornment significantly drive their purchasing behaviour. Additionally, the wide variety of designs and styles in costume Jewelry cater specifically to women's tastes and preferences, further boosting their market share​.

Colombia Costume Jewelry Market (2024-2030) report provides an in-depth analysis with 29 figures and 7 tables, covered in 78 pages. The report comprehensively covers the market by types, distribution channels, end-user and age group. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.