India Costume Jewellery Market (2024-2030) | Share, Size, Revenue, Growth, Companies, Trends, Industry, Forecast, Analysis, Outlook & Value

Topics Covered India Costume Jewellery Market Report

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

India Costume Jewellery Market Synopsis

India Costume Jewellery Market is poised for significant growth, driven by rising disposable income, changing fashion preferences, and the government's initiatives. The industry's key players are rising to the occasion with innovative designs and digital marketing strategies. However, the sector needs to address traditional cultural preferences and educate customers on the benefits of responsible consumption and quality products to unlock its full potential.

According to 6Wresearch, the India Costume Jewellery Market size is estimated to expand at a CAGR of 22% during 2024-2030. The growth of the costume jewellery market in India can be attributed to several factors. Rising disposable income has led to increased spending on fashion accessories, including costume jewellery. The popularity of e-commerce platforms has made it easier for customers to access affordable yet stylish costume jewellery. Moreover, changing fashion trends and the growing awareness of the benefits of responsible consumption have also contributed to the India Costume Jewellery Market growth.

One of the primary challenges is the competition from cheap imitations and counterfeit products, which flood the market. Deteriorating quality, lack of skilled labor, and fluctuating raw material prices are other factors that challenge the growth of the market. Moreover, the demand for traditional jewellery in India, coupled with cultural preferences, restricts the market's growth potential in some regions.

Costume Jewellery Market in India: Leading Players

Several key players dominate the costume jewellery market in India. Some of these include Voylla, Pipa Bella, Bluestone, and Carat lane. These brands have gained popularity among the youth and urban population and are known for their creativity, affordability, and unique designs. Their online presence, social media marketing, and collaborations with fashion influencers have helped boost their visibility and customer engagement.

India Costume Jewellery Industry: Government Initiatives

The Indian government has taken several initiatives to promote the growth of the costume jewellery market in the country. The government's Make in India campaign, which aims to promote domestic manufacturing, is a significant step in this direction. The government has also relaxed the FDI policy in the manufacturing of jewellery and allowed 100% FDI in the sector. Additionally, the government has set up several gem and jewellery parks across the country to promote the industry's growth.

Future Insights of the Market

Indian Costume Jewellery market has grown at a remarkable rate in recent years and is expected to continue doing so in the future. With consumers looking for trendy, high-quality, and affordable jewellery, the market has provided manufacturers with an excellent opportunity to grow and innovate. With the rise of e-commerce and increasing disposable income, the industry has seen a significant boom in the last few years, and it shows no signs of slowing down.

Market Segmentation by Distribution Channel

According to Dhaval, Research Manager, 6Wresearch, the online segment is expected to grow at a faster pace and outpace the traditional stores in the coming years, given the convenience and affordability it offers.

Market Segmentation by Type

Necklaces are the most commonly worn costume jewellery among Indian women due to the cultural significance and a wide range of designs, necklace sales have been growing steadily in recent years. The trend will continue with a shift towards contemporary designs and styles that cater to young women.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• India Costume Jewellery Market Outlook
• Market Size of India Costume Jewellery Market, 2023
• Forecast of India Costume Jewellery Market, 2030
• Historical Data and Forecast of India Costume Jewellery Revenues & Volume for the Period 2020 - 2030
• India Costume Jewellery Market Trend Evolution
• India Costume Jewellery Market Drivers and Challenges
• India Costume Jewellery Price Trends
• India Costume Jewellery Porter's Five Forces
• India Costume Jewellery Industry Life Cycle
• Historical Data and Forecast of India Costume Jewellery Market Revenues & Volume By Distribution Channel for the Period 2020 - 2030
• Historical Data and Forecast of India Costume Jewellery Market Revenues & Volume By Online Stores for the Period 2020 - 2030
• Historical Data and Forecast of India Costume Jewellery Market Revenues & Volume By Offline Stores for the Period 2020 - 2030
• Historical Data and Forecast of India Costume Jewellery Market Revenues & Volume By Type for the Period 2020 - 2030
• Historical Data and Forecast of India Costume Jewellery Market Revenues & Volume By Necklace/Chain for the Period 2020 - 2030
• Historical Data and Forecast of India Costume Jewellery Market Revenues & Volume By Ring for the Period 2020 - 2030
• Historical Data and Forecast of India Costume Jewellery Market Revenues & Volume By Bracelet for the Period 2020 - 2030
• Historical Data and Forecast of India Costume Jewellery Market Revenues & Volume By Earrings for the Period 2020 - 2030
• Historical Data and Forecast of India Costume Jewellery Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of India Costume Jewellery Market Revenues & Volume By End-User for the Period 2020 - 2030
• Historical Data and Forecast of India Costume Jewellery Market Revenues & Volume By Men for the Period 2020 - 2030
• Historical Data and Forecast of India Costume Jewellery Market Revenues & Volume By Women for the Period 2020 - 2030
• India Costume Jewellery Import Export Trade Statistics
• Market Opportunity Assessment By Distribution Channel
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By End-User
• India Costume Jewellery Top Companies Market Share
• India Costume Jewellery Competitive Benchmarking By Technical and Operational Parameters
• India Costume Jewellery Company Profiles
• India Costume Jewellery Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Distribution Channel

• Online Stores
• Offline Stores

By Type

• Necklace/Chain
• Ring
• Bracelet
• Earrings
• Others

By End-User

• Men
• Women