The Europe Pearl Jewelry Market would witness market growth of 12.0% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 3,626.1 thousand units, showcasing a growth of 10.4% (2019-2022).
The market offers necklaces, earrings, rings, and other products. Pearl necklaces also feature a component of metal encircled by pearls. This is created by embedding a pearl into an item of jewelry, alone or in conjunction with other stones. The demand for these has increased significantly in recent years. Customers are searching for unique jewelry pieces as fashion accessories to enhance their outfits and sense of style. Distributing various pearl types into jewelry pieces and creating novel designs for these are activities of market participants.
Cultured pearls are normally round. However, various manufacturers make pearls in a variety of shapes. Pearls are frequently fashioned into various shapes, including button, annular, baroque, oval, drop, and rice. Freshwater pearls are easier to shape due to the non-rigid nature of the seed implanted into the mollusks; however, numerous makers of cultured saltwater pearls also use diverse seed shapes to generate pearls of various shapes. Pearls come in multiple colours, such as white, pink, lavender, peach, silver, black, gold, and green.
The overall growth of e-commerce in Europe has been a leading factor in expanding these online. Increased internet penetration, improved digital literacy, and changing consumer preferences have fuelled the adoption of online shopping in Europe. Virtual try-on tools and AR applications allow consumers to visualize how this will look on them before purchasing in Europe. Online platforms often feature live chat and messaging services, enabling real-time communication between consumers and European customer support representatives. All these factors will uplift the regional market’s expansion in coming years.
The Germany market dominated the Europe Pearl Jewelry Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,348.7 million by 2030. The UK market is exhibiting a CAGR of 11% during (2023 - 2030). Additionally, The France market would experience a CAGR of 12.8% during (2023 - 2030).
Based on Pearl Nature, the market is segmented into Cultured, and Natural. Based on Type, the market is segmented into Necklace, Earrings, Rings, and Others. Based on Distribution Channel, the market is segmented into Jewelry Stores, Brand Stores, Supermarkets, and Others. Based on Pearl Source, the market is segmented into Fresh Water, and Salt Water. Based on Material, the market is segmented into Silver, Gold, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Pearl Jewelry Market will Hit USD 37 Billion by 2030, at a CAGR of 12.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mikimoto Co., Ltd., Kailis Jewellery, Jewelmer Group, CPI Luxury Group, TASAKI & Co., Ltd., Pearl Falco Corporation, Wing Wo Hing Jewelry Group Ltd., Isle of Wight Pearl, Pearls of Australia Pty Ltd, and PearlParadise.com Inc.
By Pearl Nature (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Type (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Pearl Source (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Material (Volume, Thousand Units, USD Billion, 2019 to 2030)
By Country (Volume, Thousand Units, USD Million, 2019 to 2030)
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