According to recently updated statistics from the moissanite market study, the global market will grow at a strong CAGR of 6.2% over the next ten years. The poll predicts that the market would grow 1.8 times by the end of 2031, reaching a value of US$ 37.8 Mn in 2021. Together, the top three industry players own over 43% of the global market share.
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Recently, there has been an increase in the demand for high-end, exquisite jewellery, and moissanite has emerged as a stunning, cost-effective substitute for diamonds. Charles & Colvard, a well-known brand for lab-grown diamonds and moissanite, recently unveiled the debut of its brand-new direct-to-consumer website. The company wants to show off its control of the moissanite market with this launch.
Customers who are looking for high-quality products at a bargain but with a premium touch—something Charles & Colvard is recognised for—will be the target market for Moissanite Outlet. The company hopes to broaden its horizons and improve the moissanite shopping experience with this move.
The global moissanite market is anticipated to grow from US$ 37.8 Mn in 2021 to more than US$ 68 Mn by 2031, expanding at a CAGR of 6.2% during the forecast period (2021–2031). Rising disposable income, coupled with increasing the inclination of consumers towards pocket-friendly luxurious jewelry products is expected to drive the global market growth over the forecast period. In addition, rising consumer adoption of moissanite as a gemstone similar to diamond is further expected to fuel the market growth.
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Key Points Covered in Moissanite Market Survey:
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- Market estimates and forecast 2016-2031
- Key drivers and restraints impacting market growth
- Segment-wise, country-wise, and region-wise analysis
- Competition mapping and benchmarking
- Brand share and market share analysis
- Key product innovations and regulatory climate
- COVID-19 Impact on moissanite sales and how to navigate
- Recommendation on key winning strategies
Market Segmentation: (Moissanite Market)
Regions
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- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East & Africa
Application
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- Rings
- Earrings
- Bracelets
- Pendants
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FAQ’S:
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- What is the global moissanite market current worth?
- What are the estimated moissanite market statistics for the decade?
- What is the market share of top 3 players in the moissanite landscape?
- What is the outlook for the moissanite market in North America?
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