Press release
Pearl Jewelry Market Revenue to Cross $42 Billion by 2031, with 13.2% Annual Growth From 2022 to 2031
According to a new report published by Allied Market Research, titled, "Pearl Jewelry Market by Type, by Material, by Pearl Nature, by Pearl Source, by Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022-2031" The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. The global pearl jewelry market was valued at $12.8 billion in 2021, and is projected to reach $42 billion by 2031, growing at a CAGR of 13.2% from 2022 to 2031.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ @https://www.alliedmarketresearch.com/request-sample/12112
Necklaces, earrings, rings, and other items are available in the pearl jewelry market. Pearl jewelry is created by embedding a pearl into a piece of jewelry, either alone or in conjunction with other stones, whereas pearl necklaces may include a piece of metal completely surrounded by pearls. The study does not cover the various colors of pearls because the color of the pearl is not always guaranteed during the manufacturing process.
The general public has a lot of misconceptions about cultured pearls. The market is hampered by the uncertainty surrounding cultured pearls. To mimic the natural event of pearl formation, cultured pearls are produced by inserting a pearl grain into pearl-creating mollusks. The term cultured refers to a pearl that was created by human involvement rather than found naturally. Customers are discouraged from buying these pearls because this term creates the negative perception in their minds that pearls formed through human interference are not genuine pearls. Many customers confuse cultured pearls with imitation pearls, which are different stones that look like pearls but have multiple distinguishing features that distinguish them from real pearls, thus limiting the pearl jewelry market size.
Pearl cultivation is the process of inserting seeds into mollusks in hopes of imitating the pearl formation process. Consequently, there are some challenges associated with cultured pearl production. The life of the mollusks, the quality of the water, and the length of time of pearl production all have an impact on cultured pearl production. Fresh water pearl cultivation is less difficult; however, over-cultivation causes environmental damage and lessens pearl quality, negatively impacting pearl production.
The pearl jewelry market is segmented on the basis of type, material, pearl nature, pearl source, distribution channel, and region. By type, the pearl jewelry market is classified into necklace, earrings, rings, and others. Depending on material, the market is categorized into gold, silver, and others. By pearl nature, the market is divided across cultures and natural. By pearl nature, the market is divided across fresh water and salt water. According to the distribution channel used for the sale of pearl jewelry, the market is segmented into offline channels and online channels. By region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, United Arab Emirates, South Africa, and the Rest of LAMEA).
Necklaces accounted for the majority market share of the pearl jewelry market, and rings segment is expected to grow at a CAGR of 13.8% during the forecast period, owing to its fresh styles and cutting-edge metal bands and rings created by engaged stakeholders in the market. Silver segment held the highest market share in 2021 while the others segment is expected to have the highest growth during the forecast period owing to the increase in various different types of metals in pearl jewelry production. Cultured pearls held the highest market share in 2021 and are expected to maintain their dominance in the market in the future. Fresh water pearls held the highest market share in 2021 and saltwater pearls are expected to have significant growth in the market.
๐ ๐๐๐๐ ๐๐๐๐ (๐๐ข๐ฅ๐ฅ ๐๐๐ญ๐ก ๐๐ฎ๐ฅ๐ฒ ๐๐๐๐) ๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ, ๐๐ก๐๐๐ค๐จ๐ฎ๐ญ ๐ฅ๐ข๐ง๐ค @https://www.alliedmarketresearch.com/checkout-final/8c19941d39f44f418ceb87b0e4cb5d69
According to region, Asia-Pacific held the largest share of the market in terms of revenue in 2021, which represented more than two-fifths of the pearl jewelry market revenue, while Europe is expected to experience the fastest CAGR of 14.2% from 2022 to 2031, as pearls are widely used in the European fashion jewelry industry and can be found in a variety of jewelry items.
The players operating in the pearl jewelry market have adopted various developmental strategies to increase their pearl jewelry market share, gain profitability, and remain competitive in the market. The key players operating in the pearl jewelry market analysis include- K. Mikimoto & Co., Ltd., T&CO., Isle of Wight Pearl, Pearl Paradise, Kailis, Jewelmer, CPI Luxury Group Assael, TASAKI & Co., Ltd., Pearl Falco., Wing Wo Hing Jewelry Group, Akuna Pearls, Pearl Jewelry.
๐๐๐๐ซ๐ฅ ๐๐๐ฐ๐๐ฅ๐ซ๐ฒ ๐๐ซ๐จ๐ฐ๐ญ๐ก & ๐๐๐ฆ๐๐ง๐ ๐ข๐ง ๐ ๐๐ฒ๐ง๐๐ฆ๐ข๐ ๐๐๐ซ๐ค๐๐ญ:
๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐๐ซ๐๐๐๐ซ๐๐ง๐๐: There has been a notable shift in consumer preferences towards unique and ethically sourced jewelry. Pearls, with their timeless elegance and sustainable cultivation methods, have gained popularity among environmentally-conscious consumers.
๐๐ฆ๐๐ซ๐ ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ๐ฌ: The demand for pearl jewelry is expanding beyond traditional markets such as the United States, Japan, and Europe. Emerging markets in Asia, particularly China and India, are witnessing a surge in demand due to rising disposable incomes and a growing middle class with an affinity for luxury goods.
๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ: Innovations in pearl cultivation techniques, such as nucleation methods and water quality management, have resulted in higher-quality pearls with consistent shapes, sizes, and luster. This has widened the range of pearl jewelry offerings and attracted a broader customer base.
๐ ๐๐ฌ๐ก๐ข๐จ๐ง ๐๐ซ๐๐ง๐๐ฌ: Fashion designers and influencers play a significant role in driving demand for pearl jewelry by incorporating them into their collections and styling. Pearls are being used in innovative ways, such as mixed with contemporary materials or in avant-garde designs, appealing to younger demographics.
๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐๐ซ๐ฌ๐จ๐ง๐๐ฅ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: Consumers are increasingly seeking personalized and customizable jewelry pieces. Jewelers are leveraging this trend by offering bespoke pearl jewelry options, allowing customers to create unique designs tailored to their preferences.
๐๐ง๐ฅ๐ข๐ง๐ ๐๐๐ญ๐๐ข๐ฅ ๐๐ง๐ ๐-๐๐จ๐ฆ๐ฆ๐๐ซ๐๐: The proliferation of e-commerce platforms has made pearl jewelry more accessible to a global audience. Online retailers offer a wide range of pearl jewelry options at various price points, providing convenience and transparency in purchasing.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐ฌ๐ค ๐๐ฎ๐ซ ๐๐ฑ๐ฉ๐๐ซ๐ญ๐ฌ) @https://www.alliedmarketresearch.com/purchase-enquiry/12112
๐๐๐ฒ ๐๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฌ๐ญ๐ฎ๐๐ฒ:
โ The necklace segment held the largest market share in 2021, capturing almost fifty percent of the global pearl jewelry market revenue, and the rings segment is expected to grow at the fastest rate during the forecast period.
โ By material, the silver segment claimed the biggest share of the market in 2021, contributing to nearly half of the global pearl jewelry market revenue, while the others category is expected to grow at the fastest CAGR during the forecast period.
โ By pearl nature, the cultured segment accounted for the largest share in 2021 and is also predicted to have the highest growth during the forecast period.
โ By pearl source, the freshwater segment accounted for the largest share in 2021, and the saltwater segment is expected to portray the largest CAGR during the forecast period.
โ By distribution channel, offline channels held the largest market share in 2021 and online channels are expected to have the highest growth.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐ ๐จ๐ซ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ:
โ This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pearl jewelry market analysis from 2021 to 2031 to identify the prevailing pearl jewelry market opportunities.
โ The market research is offered along with information related to key drivers, restraints, and opportunities.
โ Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
โ In-depth analysis of the pearl jewelry market segmentation assists to determine the prevailing market opportunities.
โ Major countries in each region are mapped according to their revenue contribution to the global market.
โ Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
โ The report includes the analysis of the regional as well as global pearl jewelry market trends, key players, market segments, application areas, and market growth strategies.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ "๐๐๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
โ U.S. Pearl Jewelry Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/u-s-pearl-jewelry-market-A95450
โ UK Pearl Jewelry Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/uk-pearl-jewelry-market-A95454
โ Canada Pearl Jewelry Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/canada-pearl-jewelry-market-A95451
โ Mexico Pearl Jewelry Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/mexico-pearl-jewelry-market-A95449
โ Europe Pearl Jewelry Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/europe-pearl-jewelry-market-A95452
โ Spain Pearl Jewelry Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/spain-pearl-jewelry-market-A95453
โ Italy Pearl Jewelry Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/italy-pearl-jewelry-market-A95455
โ Germany Pearl Jewelry Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/germany-pearl-jewelry-market-A95456
โ France Pearl Jewelry Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/france-pearl-jewelry-market-A95457
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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