Transparency Market Research delivers key insights on the global bead products market. In terms of revenue, the global bead products market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global bead products market report.
In this market report, TMR predicts that rising partnership among private public organizations will have a noteworthy impact on the overall bead products market. The bead products study signifies the handcrafted bead products, which encapsulates a wide range of products, including jewelry, art, pottery, tapestries, utensils, and various other accessories. Earlier, these products had limited market reach, owing to their concentration and availability at select locations. However, now, with the help of advancing business trends, the private sector has partnered with local associations supporting the community of bead products manufacturers, enabling them to penetrate into novel geographic verticals.
In terms of product type, the market has been divided into home décor, jewelry, accessories, pet items, models, holiday ornaments, and others products such as stationery, etc. During the forecast period, the market is anticipated to be dominated by the jewelry segment. Jewelry bead products in the report have been further segmented into necklaces, bangles & bracelets, earrings, rings, pendent, and others (armlets, anklets, etc.). Rising demand for bangles and bracelets is anticipated to drive the jewelry segment throughout the forecast period.
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Based on bead type, the market has been segmented into powder glass beads, crystal beads, metal beads, natural beads (such as wood, bone, stones, etc.), and others, including acrylic, plastic, and trade beads. The natural beads segment is anticipated to expand at a significant growth rate during the forecast period.
In terms of bead shape, the bead products market has been categorized into round, oval, cube, cuboid, and others (bicone, star, twisted, etc.). The round bead shape has been found to be widely used, accounting for majority share in the value as well as volume market. In terms of bead size, the market has been segmented into less than 0.5 mm, 0.5 mm to 1mm, and more than 1 mm. The more than 1 mm segment is expected to lead the market and dominate the market in the forthcoming years. Furthermore, based on pricing, the market has been divided into high, medium, and low. Based on category, the market has been categorized into mass and premium. As per the study, it has been estimated that in the coming years, the mass products segment, which correlates to low price products is expected to dominate the revenue share of the bead products market.
In terms of end user, the individual or distinct buyer contributed to higher revenue share of the market. In terms of distribution channel, increasing adoption of online shopping trends is likely to fuel the share of online platforms in the overall bead products market.
Bead Products Market: Prominent Regions
Geographically, Asia Pacific led the bead products market in 2019 and the region is expected to retain its dominance during the forecast period. China and India are considered the major markets for bead products in the Asia Pacific region. Asia Pacific is a prominent market globally, since it is an important manufacturing base for bead products. Apart from Asia Pacific, the African provinces also significantly contribute to the growth of the global bead products market.
Bead Products Market: Key Players
The competition landscape of the bead products market is highly fragmented with leading players accounting for nearly 25% of the revenue share. Key players operating in the global bead products market include African Crafts Market, Alamy Ltd., BeadforLife, Earth Africa Curio, Global Village Gifts, Indego Africa, Kenya Crafts, Naushad Trading Company (NTC) Limited, The Kenyan Craft Company, and WorldCrafts.