The Global Natural and Cultured Pearls Market size is estimated to be worth USD 9.2 Billion in 2018 and is projected to reach USD 14.2 Billion by 2028, at a CAGR of 4% from 2021-2028. The demand for natural and cultured pearls in jewelry is expected to rise due to its popularity as an investment option, increasing trend towards self-care, growing middle-class population with disposable income, and steady growth in the tourism industry.
On the basis of Types, the market is segmented into Natural and Cultured Pearls.
Natural Pearls are found in oysters whereas cultured pearls are made by a human hand to mimic nature. Natural pearl formation occurs when an organic object becomes stuck inside the shell of an oyster; it then coats with layers after layer of nacreous material until the irritant reaches such a size that produces natural pearls.
A cultured pearl starts when any type of irritant found inside or outside an oyster's shell causes its tissues to form layer upon layer of mother-of-pearl (nacre). When these aragonite crystals grow together they fuse into one solid ball sometimes referred to as a "pearl."
On the basis of Application, the market is segmented into Jewelry, Cosmetics, and Pharmaceuticals.
Pearls are a very popular gemstone in the jewelry industry, accounting for approximately 85% of all jewelry purchases globally. The unrivaled durability of the gem makes them perfect accessories that can be passed down from generation to generation with no loss in quality. Additionally, there is also custom-made jewelry which includes items such as rings, necklaces, and earrings that feature many different types and sizes of pearls.
Pearls are used as an ingredient in cosmetics. In the past, they were ground up and mixed with water to create a lotion which was then applied topically. Currently, pearl powder is being incorporated into skin creams and other topical products because it has been found that pearls can soothe inflammation, reduce redness of the skin caused by acne or rosacea, help repel mosquitoes when rubbed on the skin and improve cell renewal rates.
Pearls are used in the pharmaceutical industry for the extraction of pearl essence. They also have a therapeutic value which is being explored and researched by many scientists. A natural remedy such as pearl can be applied to treat several diseases like cancer, diabetes, arthritis, or mental illness. Pearl has powerful antimicrobial properties due to its high protein content that destroys bacteria-infected cells while healing wounds.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
The North American market te is expected to exhibit a significant growth rate during the forecast period. The U.S., Canada, and Mexico are some of the major countries in this region that produce pearls and have adopted them as an industry for sustainable development.
The Asia Pacific market is expected to exhibit a positive growth rate during 2021-2028. The increasing demand for pearls in China, India, Thailand, Japan & South Korea is one of the major factors for this market’s high growth
The Middle East & Africa region has been witnessing rapid economic development and growing disposable income. Demand from these countries such as Saudi Arabia, Qatar Algeria is also driving the pearl market in this region.
The global natural pearls market is witnessing moderate growth. The major drivers for the growth of this market are increasing demand from new consumers in China and India, rising disposable income levels in general which leads to increased consumption among people who can afford such products, and growing awareness about jewelry made of natural pearls.
However, there are some restraints that could negatively impact the future growth prospects for the global pearl industry. These include an increase in popularity of man-made gems over naturally grown pearls because they look better than natural ones; limited supply as traditional sources have been depleted due to a high mortality rate amongst cultured oysters; restrictions imposed by various countries on fishing activities involving cultivated or wild fisheries like Australia where only certain species may be harvested resulting in a shortage of cultured pearls; and war, civil unrest or natural calamities in certain regions like Japan which could impact the availability of pearl resources.
Up Market Research published a new report titled “Natural and Cultured Pearls Market research report which is segmented by Types (Nautral, Cultural), By Applications (Jewelry, Comsetic, Pharmaceutical), By Players/Companies A& E Pearl Company (Hong Kong), American Bio-Gem, Inc. (US), American Pearl Company (US), Atlas Pearls and Perfumes Ltd. (Australia), Autore South Sea Pearls Pvt. Ltd. (Australia), K.MIKIMOTO & CO., LTD. (Japan), Paspaley (Australia), Zhejiang Grace Pearl Jewelry Co., Ltd. (Japan)”.
|Report Attributes||Report Details|
|Report Title||Natural and Cultured Pearls Market Research Report|
|By Type||Nautral, Cultural|
|By Application||Jewelry, Comsetic, Pharmaceutical|
|By Companies||A& E Pearl Company (Hong Kong), American Bio-Gem, Inc. (US), American Pearl Company (US), Atlas Pearls and Perfumes Ltd. (Australia), Autore South Sea Pearls Pvt. Ltd. (Australia), K.MIKIMOTO & CO., LTD. (Japan), Paspaley (Australia), Zhejiang Grace Pearl Jewelry Co., Ltd. (Japan)|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||242|
|Number of Tables & Figures||170|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Nautral, Cultural and By Application Jewelry, Comsetic, Pharmaceutical.
Some of the companies that are profiled in this report are:
Natural and Cultured Pearls Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Natural and Cultured Pearls Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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