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The global bead products market is anticipated to expand owing to the extensive bead usage in a range of products, including jewelry, toys, and home décor products, among others. Bead products reveal beauty & fashion statements and aid in relaxation & inner peace within the individual. These products are made of beads of different colors, materials, textures, and patterns that enrich the personality of individuals.
Disruptions in the supply chain of raw materials and the incidences of closure of retailing shops due to the lockdown restrictions imposed during the COVID-19 pandemic negatively impacted the market growth globally. In addition, the limited availability of skilled laborers to produce beaded products and the incidences of closure of manufacturing plants significantly impacted the market growth during the pandemic.
Governmental Initiatives of Promoting Bead Manufacturing to Drive Market Growth
Governmental initiatives promoting and upscaling bead and bead product manufacturing activities are expected to increase product supply rates, supporting market growth across many countries worldwide. In addition, governmental initiation of the bead product manufacturing-related skill development programs increases the availability of skilled laborers, supporting the development of the bead product manufacturing industries globally.
Health Hazards Due to Uncertain Intake Consumption of Bead Products to Restrain Market Growth
The uncertain consumption of bead products by children and pets could lead to blockages in the body and other life-threatening damage. Increasing incidences of uncertain bead product consumption are expected to restrain the product demand. In addition, the incidences of discoloration or damage of the wearables due to the scented bead products is expected to limit its demand among women worldwide. According to the U.S. Consumer Product Safety Commission (CPSE), from 2018 to 2022, around 7,000 cases of water bead-related ingestion injuries were reported in the U.S.
Rising Trend of Using Natural Products to Favor Market Growth
Consumers prefer bead products made from organic and plant-derived sources to avoid the health consequences of consuming chemical-based beaded products. Increasing consumers' accessibility to such natural products creates newer market growth opportunities. In addition, the rising demand for natural bead necklaces, bracelets, and rings to calm the mind and perform meditation and religious activities skyrocketed the product demand across many countries worldwide. Besides, the growing trend of producing bead products made of sustainable materials, including wood, rocks, shells, and others, creates newer opportunities for global manufacturers.
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The report covers the following key insights:
By product, the market is divided into home décor, jewelry, accessories, purses & clutches, pet items, toys, and others.
The jewelry segment is expected to exhibit a major market share due to the higher consumer demand for crystal, gemstone, and gold-beaded jewelry, including rings, bracelets, and others. The growing trend of wearing a contemporary style of bead jewelry accelerates the jewelry segmental revenues during the forecast period of 2025-2032.
By material, the market is segmented into glass, plastic, metal, wood, stone, and others.
The wood segment is expected to exhibit a major bead products market share due to the significant number of wooden article suppliers and producers offering wooden handicrafts including wooden beaded products. In addition, easy consumer accessibility and the cost-effectiveness of wooden bead products compared to their counterparts result in significant revenue generation from the wood segment.
Based on distribution channel, the market is bifurcated into online and offline.
The offline segment is expected to hold a leading market share due to the significant consumer preference for the in-person shopping of arts & crafts and personal utility products. In addition, the availability of a diverse range of beaded jewelry, handicrafts, toys, and other bead products at shopping malls and department stores results in considerable revenue generation from the offline segment worldwide.
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Based on region, the global market is classified into North America, Europe, South America, and the Middle East & Africa.
The North America market is expected to hold a major market share due to the significant demand for premium bead-based artworks, home décor products, and fashion goods among consumers in the U.S. and Canada. In addition, the increasing imports of bead handicrafts, artworks, and home décor products for local residential and commercial usage in Canada and the U.S. support product consumption in these countries. Furthermore, the rising demand for gemstone, crystal, and platinum bead-based jewelry among women consumers in the U.S. drives North American market growth. The growing gift-giving trend also favors bead product demand in the North American region.
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