Organised jewellery players in India set to capture 45% market share by FY30

Organised players in the Indian gold jewellery industry are expected to grow faster than the overall industry and capture a 45 per cent market share by FY30. The Indian jewellery market has experienced significant growth over the past few years, increasing from $48 billion in FY18 to $90 billion in FY25, reflecting a compound annual growth rate (CAGR) of 9%. Looking ahead, the market is projected to expand further to $150 billion by FY33E.

It stated “Over FY18-25, the organised players grew 1.5x faster than the industry at a 14 per cent CAGR, with their share rising from 30 per cent in FY18 to 40 per cent in FY24; this is expected to reach 45 per cent by FY30E”. The market share of organised players improved from 30 per cent in FY18 to 40 per cent in FY24 and is projected to reach around 45 per cent by FY30E.