handmade jewelry market analysis
handmade jewelry market analysis The handmade jewelry market is a niche segment within the broader jewelry industry, characterized by unique, artisan-crafted pieces. It has gained popularity in recent years due to growing consumer interest in unique, personalized, and sustainable products. Here's a market analysis of the handmade jewelry industry: 1. Market Size and Growth: The handmade jewelry market has experienced steady growth over the past decade. According to various reports and industry analysis, the global handmade jewelry market was valued at around $29 billion in 2020 and is expected to reach $40 billion by 2025, with a CAGR of approximately 6%. 2. Consumer Demographics: Handmade jewelry appeals to a diverse range of consumers, including both men and women of different age groups. However, the primary target audience tends to be women aged between 25 and 45, who value individuality, craftsmanship, and unique design. 3. Market Trends: a. Personalization: Consumers a...