spiritual jewelry market size, spiritual jewelry market share, spiritual jewelry market trends, spiritual jewelry market demand, spiritual jewelry market segments, spiritual jewelry market scope
What is the current size and annual growth rate of the spiritual jewelry market?
The spiritual jewelry market size has grown strongly in recent years. It will grow from $14.78 billion in 2024 to $15.91 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to an increase in people seeking spiritual practices, increased interest and sales, a rise in fashion pieces and luxury jewelry production, a rise in awareness about spirituality, and an increase in consumer disposable income.
The spiritual jewelry market size is expected to see strong growth in the next few years. It will grow to $21.12 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to an increase in people seeking spiritual practices, increasing spending on gems and jewelry, increasing demand for spiritual jewelry, increasingly seeing it as an investment, and growing affinity for rings. Major trends in the forecast period include technology development, digital transformation and e-commerce expansion, technology development, sustainability and ethical sourcing, and customization and personalized products.
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Which major factors have contributed to the expansion of the spiritual jewelry market?
An increase in focus on spirituality is expected to propel the growth of the spiritual jewelry market going forward. Spirituality is the pursuit of a deeper understanding of existence and a sense of connection to something greater than oneself, often involving personal practices such as meditation, prayer, and contemplation. The growing emphasis on spirituality is fueled by the quest for deeper meaning, the pursuit of mental well-being, disillusionment with organized religion, and notable cultural shifts. Spiritual jewelry aids spirituality by reminding individuals of their beliefs, setting intentions, promoting balance, expressing faith, offering protection, and encouraging mindfulness. For instance, in January 2023, according to the survey reported by Barna Group, a US-based evangelical Christian polling firm, in an October 2022 survey of 2,000 U.S. adults, 74% expressed a desire for spiritual growth, while 77% reported believing in a higher power. Therefore, an increase in focus on spirituality will drive the growth of the spiritual jewelry market.
How is the spiritual jewelry market segmented?
The spiritual jewelry market covered in this report is segmented –
1) By Product Type: Ring, Necklace, Bracelet, Earring, Other Product Types
2) By Material: Leather, Precious Metal, Non-Precious Metal, Wood, Other Materials
3) By Gemstone: Quartz, Aquamarine, Pearl, Jade, Others Gemstones
4) By Distribution Channel: Online, Offline
5) By End-User: Men, Women, Kids
Subsegments:
1) By Ring: Engagement Rings, Wedding Bands, Statement Rings, Spiritual Symbol Rings (Om, Chakras), Healing Crystal Rings
2) By Necklace: Pendant Necklaces, Beaded Necklaces, Chakra Necklaces, Crystal Or Gemstone Necklaces, Spiritual Symbol Necklaces (Cross, Om, Tree Of Life)
3) By Bracelet: Beaded Bracelets, Mala Bracelets, Cuff Bracelets, Healing Stone Bracelets, Chakra Bracelets, Energy Bracelets (Magnets, Copper)
4) By Earring: Stud Earrings, Hoop Earrings, Dangle Earrings, Chakra Earrings, Gemstone Earrings, Spiritual Symbol Earrings (Lotus, Om)
5) By Other Product Types: Anklets, Brooches Or Pins, Talismanic Jewelry, Keychains With Spiritual Symbols, Spiritual Charms, Hairpieces With Spiritual Motifs
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Who are the top competitors in the spiritual jewelry market?
Major companies operating in the spiritual jewelry market are Kendra Scott LLC, Thomas Sabo GmbH & Co. KG, Alex and Ani LLC, Effy Jewelry LLC, Satya Jewllery, Karma and Luck LLC, Moon Magic Inc., Amara Inc., Colette Malouf Inc., Goddess Provisions LLC, Blessed Be Boutique LLC, Divine Goddess Jewelry LLC, Gaia Diamonds LLC, Hamsa Jewelry LLC, MantraBand Inc., Mystic Moon Jewelry LLC, Sacred Jewelry Inc., Tibetan Gem LLC, Zen Jewelry Inc., Celestial Jewellery Ltd., Na Hoku Inc., Michael Michaud Jewelry LLC
Which key trends are expected to influence the spiritual jewelry market in the coming years?
Major companies operating in the spiritual jewelry market are offering spirit-high jewelry collections to cater to the growing demand for unique and meaningful adornments. Spirit-high jewelry collections refer to luxurious and intricately designed pieces that incorporate spiritual motifs and symbols, offering aesthetic appeal and deeper spiritual significance to the wearer. For instance, in July 2022, Louis Vuitton Malletier, a France-based luxury goods company, launched the Spirit collection, which combines high-quality materials with modern designs. This collection includes one-of-a-kind elements such as precious metals, carefully chosen gemstones, and sparkling diamonds that are meticulously made to capture the essence of spirituality. The Liberty Necklace is made of white gold, diamonds, and emeralds and is designed to resemble beautiful armor. The Radiance Necklace is inspired by dragon mythology and features gold and diamond scales, and the Destiny Necklace features a prominent V shape accented with magnificent rubies.
Which regional trends are influencing the spiritual jewelry market, and which area dominates the industry?
Asia-Pacific was the largest region in the spiritual jewelry market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the spiritual jewelry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Spiritual Jewelry Market Report 2025 Offer?
The spiritual jewelry market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Spiritual jewelry refers to accessories imbued with symbolic, religious, or mystical significance, often believed to offer protection, bring good luck, or enhance energy. These jewelry pieces typically incorporate symbols, gemstones, and materials thought to possess spiritual or healing properties.
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