According to Value Market Research, the global pearl market size is projected to experience significant growth, with expectations to reach a market size of approximately USD 16.24 billion by 2032. This represents a substantial increase from the USD 4.92 billion recorded in 2023. The market is anticipated to expand at a compound annual growth rate (CAGR) of 14.2% over the study period from 2024 to 2032. This robust growth forecast reflects a strong and sustained demand for pearls, driven by factors such as rising consumer interest in luxury goods, increasing applications in jewelry and fashion, and a growing awareness of pearls as a valuable and sustainable product.
The major players in the Pearl market include K. Mikimoto, LVMH, Isle of Wight Pearl, Pearl Paradise, Kailis, Jewelmer, CPI Luxury Group, Assael, TASAKI & Co, Pearl Falco, Wing Wo Hing, Akuna Pearls, Pearl Jewelry Ito, Aquarian Pearls, Pearls of Australia, and Palas Emporio Pty Ltd.
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The major players in the Pearl market include K. Mikimoto, LVMH, Isle of Wight Pearl, Pearl Paradise, Kailis, Jewelmer, CPI Luxury Group, Assael, TASAKI & Co, Pearl Falco, Wing Wo Hing, Akuna Pearls, Pearl Jewelry Ito, Aquarian Pearls, Pearls of Australia, and Palas Emporio Pty Ltd.
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