Key Insights
Essential data points from our research
The global fashion accessories market size was valued at USD 206.9 billion in 2022
The market is expected to grow at a compound annual growth rate (CAGR) of 12.3% from 2023 to 2030
Asia Pacific accounted for over 35.0% of the global fashion accessories market share in 2022
E-commerce accounted for over 30% of global fashion accessories sales in 2022
In 2023, the United States fashion accessories market is projected to reach USD 36.2 billion
Online sales for fashion accessories in the U.S. grew by 18% year-over-year in 2022
Luxury fashion accessories generated USD 77.42 billion in revenue in 2023
The global watch market size was valued at USD 75 billion in 2022
Sunglasses segment is projected to grow at a CAGR of 8.5% from 2023 to 2028
The global handbag market reached USD 49.63 billion in 2022
China’s fashion accessories market accounts for 21% of global sales
Men’s accessories market is expected to grow at 11% CAGR from 2023 to 2030
Belt sales contributed USD 23.5 billion to the global fashion accessories market in 2022
Market Size and Growth
- The global fashion accessories market size was valued at USD 206.9 billion in 2022
- The market is expected to grow at a compound annual growth rate (CAGR) of 12.3% from 2023 to 2030
- In 2023, the United States fashion accessories market is projected to reach USD 36.2 billion
- Online sales for fashion accessories in the U.S. grew by 18% year-over-year in 2022
- Luxury fashion accessories generated USD 77.42 billion in revenue in 2023
- The global watch market size was valued at USD 75 billion in 2022
- Sunglasses segment is projected to grow at a CAGR of 8.5% from 2023 to 2028
- The global handbag market reached USD 49.63 billion in 2022
- Men’s accessories market is expected to grow at 11% CAGR from 2023 to 2030
- Belt sales contributed USD 23.5 billion to the global fashion accessories market in 2022
- Jewelry is the leading category in fashion accessories, accounting for 31.2% of total revenue in 2022
- Secondhand fashion accessories market reached $10 billion in 2022
- The fashion jewelry market is expected to grow to USD 60.6 billion by 2027
- The women’s fashion accessories segment dominates with nearly 70% market share
- The U.K. fashion accessories market is worth over GBP 8 billion in 2023
- Digital advertising spending for fashion accessories brands grew by 22% in 2022
- North American fashion accessory market is projected to hit USD 65 billion by 2025
- The hats and caps market alone will surpass USD 30 billion by 2026
- The fashion accessories market in India is expected to reach USD 18 billion by 2025
- The global luxury handbag resale market is valued at USD 5 billion in 2023
- Vegan fashion accessories market expected to grow at 9.4% CAGR until 2028
- Global jewelry spending hit USD 300 billion in 2022
- Smart rings for wellness and fashion applications expected to grow by 20.8% CAGR
- Gender-neutral fashion accessories saw 14% growth in 2022
- Top fashion accessory brands collectively hold 40% of the global market share
- The baby fashion accessories segment rising at 7.1% CAGR to 2030
- Fashion accessories featuring cultural heritage elements grew at 9.2% in 2022
- Smartwatch shipments accounted for over 42% of the wearable accessory segment in 2022
- Subscription box services for accessories grew 26% in 2022
Interpretation
In a world where style never sleeps, the $206.9 billion global fashion accessories market is not just dressing up—it's sprinting ahead with double-digit growth, fueled by smart tech, secondhand chic, and an insatiable demand for everything from smart rings to sustainable handbags.
Regional and Country Insights
- Asia Pacific accounted for over 35.0% of the global fashion accessories market share in 2022
- China’s fashion accessories market accounts for 21% of global sales
- Italian-made fashion accessories lead in global exports at 17%
Interpretation
While Italian craftsmanship may rule the runway with 17% of global fashion accessory exports, it's Asia Pacific—and particularly China, commanding 21% of global sales—that's truly turning heads and wallets in the global style economy.
Sales Channels and Distribution
- E-commerce accounted for over 30% of global fashion accessories sales in 2022
- Europe’s online share of accessories sales is projected to reach 38% by 2025
- 28% of fashion accessories are sold through department stores globally
- In-store fashion accessory purchases declined by 12% in 2022 from pre-COVID levels
Interpretation
As shoppers trade fitting rooms for Wi-Fi and cart buttons, the fashion accessories industry is fastening its future to e-commerce, leaving traditional retail hanging by a thinning thread.
Sustainability and Materials
- Leather handbags represent 45% of the global handbag market in 2023
- 35% of fashion accessory shoppers consider sustainability when purchasing
- Sales of recycled material-based accessories grew by 18% in 2022
- Sustainable fabrics in scarves and shawls market growing at 6.8% CAGR
- Only 4% of fashion accessory brands offer full product lifecycle traceability
Interpretation
While leather still leads the handbag game, the growing demand for recycled materials, sustainable fabrics, and conscious shoppers is stitching a new narrative—one traceable by only 4% of brands bold enough to show their full thread count.
Trends and Consumer Behavior
- In 2022, 65% of Gen Z consumers reported purchasing fashion accessories online
- Over 50% of luxury accessory sales globally in 2022 were driven by millennials and Gen Z
- The average consumer spends $320 per year on fashion accessories in the U.S.
- Branded sunglasses accounted for 60% of global eyewear sales in 2022
- More than 40% of consumers use mobile devices to shop for accessories
- Smart accessories like smartwatches account for 14.7% of the accessories market
- Approximately 25% of customers purchase accessories based on influencer recommendations
- Fashion accessory returns account for 12% of all fashion e-commerce returns
- Women's watches dominate the gender segment with 58.4% share in 2022
- 22% of consumers prefer minimalist designs in fashion accessories
- 44% of consumers are influenced by social media when buying fashion accessories
- 37% of customers value personalization in fashion accessory purchases
- Ethical production influences 31% of consumers purchasing accessories
- Convertible or multi-use bags are among the fastest-growing segments
- 60% of luxury accessories are bought as gifts
- 20%+ of fashion accessory buyers seek hypoallergenic materials
- Over 70% of retailers offer sales and discounts on accessories to drive traffic
- Capsule accessory collections increased in popularity by 16% YoY in 2022
- Most expensive fashion accessory in 2023 valued at over $3 million USD
- 59% of online accessory consumers make purchase decisions within 24 hours
- 10% of accessory brands use augmented reality (AR) for product visualization in 2023
- Up to 63% of consumers consider climate impact before buying accessories
- 48% of accessories have customization options when purchased online
- 90% of fashion accessory brands now operate on social media
- Personalized engraving services increased average accessory value by 12%
- 61% of consumers read online reviews before buying accessories
- QR-coded authenticity tags in accessories increased 15% in usage in 2023
- 27% of women prefer cross-body bags over handbags
- Faux leather accessories account for 32% of all leather-alternative sales
- Influencer collaborations in the accessories category rose by 41% in 2022
- 15% of men's belts sold globally are part of luxury fashion segment
Interpretation
In a world where Gen Z swipes for sunglasses, millennials gift luxury bags, and influencers sell cross-bodies with a tap, the fashion accessories industry proves that style may be personal—but success is increasingly digital, data-driven, and sustainability-conscious.
