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The global jewelry market size was valued at USD 353.26 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2030. [ 86 ] As of 2022, the global jewelry market was valued at approximately $270 billion and is projected to grow to over $330 billion by 2026.
Leather is the most popular belt material because it can withstand being bent, folded, and tightened without being damaged. Genuine leather belts will also adapt to the wearer with time. Belts are also made using a range of other materials, including braided leather, tooled leather, suede, leather-backed ribbon, canvas, webbing, rope and vinyl. [1]