PROSPECTS AND OPPORTUNITIES
Declining retail value and volume sales expected across the forecast period
Retail value growth in the jewellery sector is projected to remain positive over the next five years, though retail volume sales are expected to decline. The fine jewellery category will primarily drive the decline in retail volume sales, as consumers increasingly focus on affordability amidst continued cost-of-living pressures.
An omnichannel strategy remains essential as the in-store experience engages consumers
While retail e-commerce continues to grow as a key channel for jewellery sales, the in-store shopping experience will remain crucial over the forecast period, especially for higher-priced fine jewellery. Many consumers prefer to experience and try on items before making a purchase, particularly for luxury items.
Challenges include attracting younger generations, and aligning with sustainability demands
Several challenges will shape the jewellery market over the forecast period. A key concern is attracting Generation Z and Generation Alpha consumers, who are expected to drive future growth.
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Overview:
Understand the latest market trends and future growth opportunities for the Jewellery industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Jewellery industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Jewellery in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Jewellery in Canada?
- Which are the leading brands in Jewellery in Canada?
- How significant is tourism in determining sales and demand for Jewellery in Canada?
- How are COVID-19 and global recession impacting demand for Jewellery in Canada?
- In the wake of COVID-19, how soon can Jewellery be expected to recover? Where are the opportunities for growth now?
- Where is future growth expected to be most significant?
Jewellery in Canada - Category analysis
KEY DATA FINDINGS
Moderate growth driven by costume jewellery as fine jewellery struggles to maintain pace
Lab-grown diamonds gain traction as consumers seek value, sustainability, and ethical alternatives
A fragmented market becomes more competitive as apparel and footwear brands enter jewellery
Declining retail value and volume sales expected across the forecast period
An omnichannel strategy remains essential as the in-store experience engages consumers
Challenges include attracting younger generations, and aligning with sustainability demands
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Personal accessories in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for personal accessories?
DISCLAIMER
The following categories and subcategories are included:
Jewellery
- Costume Jewellery
- Fine Jewellery
Jewellery
Jewellery is a kind of personal adornment usually made with various precious and semi-precious materials such as gemstones, precious metals, beads, glass, and shells. Jewellery is segmented as either real or costume jewellery. Hair Accessories are not included as part of Real or Costume jewellery.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Jewellery research and analysis database.
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