Global Pearl Jewelry Market Is Likely To Grow At A CAGR Of Over 13% During The Forecast Period 2020–2025

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Shibuya Data Count

Feb 04, 2021, 03:54 EST

Shibuya-ku, Tokyo, Japan, Japan, Feb 04, 2021, 03:54 /Comserve / -- Prominent Vendors: TJC, Tiffany & Co., Stewart Dawson, Mikimoto, Misaki, Honora Pearls, Yvel, Joomi Lim

The global pearl jewelry market is likely to grow at a CAGR of over 13% during the period 2019–2025. The stability in the global economic situation, resulting in the growth of disposable incomes, is driving the global pearl jewelry market. Moreover, the increasing female working population and the growing penetration of brands are contributing to the growth. The APAC region accounted for the largest share in 2019 and is expected to witness the fastest growth rate during the forecast period. The saltwater pearl segment is observing growth due to the high demand for luxurious and high-quality ornaments.

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Prominent Vendors

• Tiffany & Co.
• Stewart Dawson
• Mikimoto
• Misaki
• Honora Pearls
• Yvel

Key Vendor Analysis

The global market is highly fragmented with the presence of a large number of global and regional players. Vendors are competing based on product designs, quality, and competitive pricing. Due to the highly competitive and volatile environment, future growth mainly depends on the ability to expect, gauge, and adapt to constantly changing fashion trends and successfully introduce new or improved products on time. Global retailers are increasingly trying to integrate with more than one part of the supply chain. Vertical integration will allow the company to establish a competitive advantage while considerably lowering the cost of manufacturing and making business models more efficient and cost-effective. The market is highly dynamic and fast-growing. With the rising consequential changes in both consumer behavior and the industry, vendors are required to be responsive to changing trends and developments.

Pearl Jewelry Market: Segmentation

This market research report includes a detailed segmentation by product types, form, source, distribution channels, and geography. The growing production cost and declining supply have increased the price of freshwater pearls. The demand is expected to grow due to the increasing popularity of inexpensive pearl jewelry, especially among youth and first-time buyers. Saltwater pearls are expensive; hence, they are preferred by high-end consumers with greater disposable income. APAC accounts for the largest share, with China, Japan, and India emerging as the leading regions. However, the increasing water pollution and overharvesting of saltwater ornaments have declined the production, which, in turn, is increasing the average price across the globe.

The global gold jewelry demand has observed a decline in the last couple of years. The decrease can be mainly attributed to several regional challenges and global economic trends. The rise in gold prices is expected to emerge as a major challenge as middle-class consumers are less likely to purchase gold ornaments. However, retailers are implementing several new strategies, including offering heavy discounts on making charges and providing easy installments to improve the sales of gold pearl ornaments.

Gold pearl necklaces are more expensive than silver or other material types. However, the increasing acceptance of Tahitian pearl necklaces is expected to aid the growth of the segment during the forecast period. Saltwater necklaces accounted for the largest market share in 2019; however, the segment is expected to decline during the forecast period owing to the growing price and the increasing availability of high-quality freshwater pearls.

Request to Fill The Form To get Sample Copy of This Report:

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."

The diversity in design and quality with high-profit margins is expected to boost the demand for pearl earrings during the forecast period. Celebrities such as Kate Middleton and Michelle Obama have been spotted to wear these earrings, which have become a strong factor for their popularity and adoption. Designers are introducing trendy designs to enhance product appeal. The high demand from China, Japan, and India is primarily contributing to the growth of the market.

Table of Content

1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Pearl Type
4.4.2 Market Segmentation by Material Type
4.4.3 Market Segmentation by Jewelry Type
4.4.4 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

The study considers the present scenario of the pearl jewelry market and its market dynamics for the period 2019−2025. The report covers a detailed overview of several market growth enablers, restraints, and trends. It covers both the demand and supply aspect of the market. It profiles and examines leading and prominent companies operating in the market.

Key Market Insights

The analysis of the pearl jewelry market provides sizing and growth opportunities for the forecast period 2020–2025.
• Offers forecast and growth prospects of the market for the forecast period 2020–2025
• Provides comprehensive insights on the latest industry trends, forecast, and growth drivers
• Includes a detailed analysis of growth drivers, challenges, and investment opportunities
• Delivers a complete overview of segments and the regional outlook of the market
• Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Lauren Brown

Shibuya Data Count
Tel: + 81 3 45720790

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