LONDON–(BUSINESS WIRE)–The costume jewelry market size is poised to grow by USD 13.24 billion during 2020-2024, progressing at a CAGR of almost 7% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
Online retailing has gained popularity for shopping costume jewelry owing to benefits such as easy returns, discounts, and convenience. Many critical vendors in the market are selling their products through third-party e-commerce websites such as Amazon and Walmart. These online retail stores are helping the vendors in increasing the visibility of products through various digital marketing strategies and the provision of product descriptions, reviews, and comparison.