Gifting Market Trend Analysis Report By Purpose (Corporate Gifting and Personal Gifting), By Type (Souvenirs, Personal Accessories, Decorative Items, Greeting Cards, E-Gift Vouchers, Others (Flowers and Plant Gifts, etc.), & Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2030
Pages: 300 | May-2024 Formats | PDF | Category: Consumer Goods | Delivery: 24 to 72 Hours
Gifting Market is expected to grow rapidly at a 10.4% CAGR consequently, it will grow to $ 300.8 Billion by 2030.
Gifting Market is expected to grow rapidly at a 10.4% CAGR consequently, it will grow to $ 300.8 Billion by 2030.
Gifting Market Overview
The gifting industry is a diverse and robust sector that encompasses a variety of products and services for different occasions and recipients. The market has something for everyone, from traditional gifts such as flowers, greeting cards, and chocolates to more modern items like experiential gifts and customized items. Online gifting is a growing trend, thanks to the advent of online shopping. It offers convenience for consumers and an array of options. Corporate gifting is also a growing segment.
Businesses use gifts to recognize employees, show appreciation for clients, and promote their brands. The social media trend has also influenced the gifting industry, as it drives demand for gifts that are aesthetically pleasing and easily shared. Sustainability is a major concern that has prompted a shift to eco-friendly products and those sourced ethically.
In addition, cultural and demographic changes influence gift preferences, and buying behaviors, which makes the market dynamic. New gifting solutions, such as virtual experiences and digital gift cards, continue to emerge with the advancement of technology, changing the landscape of gifting. The gifting industry is a vibrant one, changing along with consumer tastes and social trends.
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Gifting Market Segment Analysis
There are many segments in the gifting industry that cater to various consumer tastes and occasions. Personal gifts are a prominent segment, including items such as jewelry, clothing and accessories that can be purchased by individuals for their birthdays, anniversaries or other milestones. Corporate gifting is another important segment, in which businesses buy gifts for their clients, employees or partners, as a way to show appreciation or promote themselves. This segment includes branded merchandise or corporate gifts such as gift baskets.
Segment Analysis Share % for Gifting Market:
- Personalized Gifts – 35%
- Corporate Gifts – 25%
- Occasional Gifts (Birthdays, Anniversaries, etc.) – 20%
- Gift Cards and Vouchers – 15%
- Seasonal Gifts (Christmas, Valentine’s Day, etc.) – 5%
This breakdown shows the distribution of the gifting market by segment, with personalized gifts taking the largest share due to the increasing popularity of customized and unique gifting options. Corporate gifts also hold a significant portion as businesses prioritize gifting to clients, employees, and partners. Occasional gifts capture a portion of the market as people continue to celebrate special moments with thoughtful presents. Gift cards and vouchers have a steady share as convenient and versatile gifting solutions, while seasonal gifts have a smaller but consistent market share driven by holiday and festive gifting trends.
Seasonal gifts also make up a large part of the market. The demand is highest during holidays like Mother’s Day and Valentine’s Day. The gifts can range from the traditional like flowers and chocolates to niche items like holiday themed decorations or gourmet baskets. Experiential gifts are also a growing market segment.
They include activities like spa treatments, concert or travel tickets and offer recipients unique experiences instead of material possessions. The gifting industry continues to grow and diversify as consumer tastes and trends change. Each segment offers opportunities for growth and innovation.
Gifting Market Dynamics 2024
Growth Drivers
E-commerce Expansion – The growth of online platforms allows consumers to easily access a variety of gifts. This is driving the market’s expansion.
Increased disposable income: Consumers are spending more on gifts to celebrate different occasions in many areas, which is fueling the market’s growth.
Social Media Influence – Social media platforms are a major influencer in gift trends. They also drive demand for gifts that are visually appealing and Instagram worthy.
Occasions Celebrations: As the market grows, demand for gifts is driven by various occasions such as birthdays, weddings and holidays.
Corporate Gifting: Businesses give gifts to show appreciation for clients, employees, and their brands. This segment is growing.
Market expansion driven by Experiential Gifts – Growing consumer interest in experiential gifting such as spa days, culinary classes, and travel experiences is driving market growth.
Restraints
Economic Uncertainty : Economic downturns and uncertainties can cause consumers to spend less on discretionary goods like gifts. This will slow the growth of the market.
Seasonal Fluctuations – The gifting industry experiences seasonal fluctuations. Holidays and special occasions are when demand is at its peak. This can lead to businesses experiencing uneven revenue streams.
Supply Chain Disruptions – Disruptions to the supply chain can affect the availability of gifts and their delivery, which in turn will impact market growth.
Environmental Concerns: A growing awareness of environmental issues could lead consumers to reconsider gifting habits. They may choose eco-friendly gifts or reduce their overall gift consumption.
The market for gifts is very competitive. There are many players in the gifting industry, and they offer a variety of products and services. This can be a challenge to new businesses and small companies.
Consumer Preferences Changing: Consumer preferences are shifting towards digital experiences or minimalist lifestyles. This may affect the demand for traditional gifts, creating challenges for certain segments of the market.
Competitive Landscape of the Gifting Market
Gifting is a highly competitive market with a wide range of players, from small boutiques to large multinational corporations. The key players are:
Retail Giants: Major retailers like Amazon, Walmart and Target have a wide selection of gifts in various categories. They leverage their extensive reach and logistic infrastructure to dominate both online and offline sales.
Specialty Gift Shops: These shops specialize in niche markets and offer curated, unique gifts. Paper Source is a great place to buy stationery, cards and beauty products. Harry & David has gourmet food gifts.
Online Marketplaces: Sites such as Etsy and eBay offer independent sellers and artisans a place to sell handmade gifts and customize them, allowing consumers to find unique or personalized products.
Luxury Brands: The high-end luxury brands such as Tiffany & Co. and Louis Vuitton cater to affluent customers seeking prestigious gifts. They emphasize craftsmanship, quality and brand prestige.
Corporate Suppliers: Companies that specialize in corporate gifting, such as 4imprint or HALO Branded Solutions provide businesses with branded products, promotional items, and corporate gift programmes tailored to employee appreciation and client recognition.
E-commerce startups: New brands and direct-to consumer startups are disrupting the market by offering innovative gifting options. They use technology and social media in order to target niche audiences, and provide personalized, experiential or sustainable gift choices.
- Archies Limited
- Ferns N Petals Pvt Ltd.
- Miniso Life Style Private Limited
- Sparket Marketing Pvt Ltd
- Bansal Importer Pvt. Ltd. (Beccos)
- FA Gifts Private Limited (FlowerAura)
- Hallmark India Pvt. Ltd.
- Chumbak Design Pvt. Ltd.
- Join Ventures Private Limited (IGP)
New Developments
In 2023, one of the top gift brands in India, FlowerAura, held its most recent launch event with a clear focus on enhancing the customer experience through improved services which focuses on customers and their gifting patterns along with novel gift options.
In 2023, Archies launched “Give a Gift of a Card”, which is a digital campaign during valentine’s day which encouraged the customers to give a gift card to their loved ones.
In 2023, IGP, an online gifting company, announced in a media release that it has partnered with SaaS platform Unicommerce to manage its expanding volume of personalized orders.
In 2023, Provenance Gourmet Gifts and Royce’ Chocolateare opened their seventh location in Orion Mall at Brigade Gateway. The gift shop provides a large selection of carefully chosen gourmet and lifestyle goods as well as thoughtful gift baskets.
Gifting Market Regional Outlook
Regional outlooks for the gifting industry vary greatly depending on factors like economic development, consumer preferences, and cultural traditions.
Regional Share % by country in the Gifting Market:
- United States: 35%
- China: 20%
- Japan: 15%
- Germany: 10%
- United Kingdom: 8%
- France: 6%
- India: 4%
- South Korea: 2%
- Australia: 1%
- Canada: 1%
These percentages indicate the market share of each country in the global gifting market, showcasing the varying levels of consumer spending on gifts across different regions. It reflects the size of the gifting market in each country and highlights the potential for growth and investment opportunities in the gifting industry.
North America’s gifting market is thriving, thanks to high disposable income levels, a culture that encourages gift-giving, and a strong retail infrastructure. Online platforms offer convenience and a large selection of gifts. Consumers are increasingly interested in personalized and experiential gifts.
The gifting market in Europe is influenced both by cultural diversity and wealthy consumer segments. The UK, Germany and France are among the countries that have a strong demand for both innovative and traditional gift options. Eco-friendly gifts are becoming more popular, as well as ethical sourcing.
Asia-Pacific is a rapidly expanding gifting market, fueled by urbanization and rising incomes. China, India and Japan are the key market drivers, with an emphasis on gifting for weddings, festivals and other cultural events. In this region, mobile shopping and e-commerce platforms are popular. This makes it convenient and accessible for consumers.
Segment Covered in the report
By Purpose
- Corporate Gifting
- Personal Gifting
By Type
- Souvenirs
- Personal Accessories
- Decorative Items
- Greeting Cards
- E-Gift Vouchers
- Others
By Distribution Channel
- Local Shops
- Exclusive Outlets
- Multi Branded Shops
- Online
- Non-Retail Sales
Frequently Asked Questions
What are the key factors driving the growth of gifting market?
The key factors driving the market of Gifting market are growing e-commerce industry, growing culture of gifting, and availability of a wide range of gifting options.
Who are the key players in the Gifting market?
The key players in the Gifting market are Archies Limited, Ferns N Petals Pvt Ltd., Miniso Life Style Private Limited, Sparket Marketing Pvt Ltd, Bansal Importer Pvt. Ltd. (Beccos), FA Gifts Private Limited (FlowerAura), Hallmark India Pvt. Ltd., Chumbak Design Pvt. Ltd., Join Ventures Private Limited (IGP), and GiftstoIndia24x7.com.
Reasons for buy this Report
- Highlights key business priorities to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Gifting market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest to components, type, and end-users.
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Answers that the report acknowledges
· Market size and growth rate during forecast period.
· Key factors driving the gifting Market
· Key market trends cracking up the growth of the gifting Market
· Challenges to market growth.
· Key vendors of gifting Market
· Detailed SWOT analysis.
· Opportunities and threats faces by the existing vendors in Global gifting Market
· Trending factors influencing the market in the geographical
regions.
· Strategic initiatives focusing the leading vendors.
· PEST analysis of the market in the five major region
Table of Contents
1 Gifting Market Overview
1.1 Product Overview and Scope
1.2 Gifting Market Segment by Type
1.2.1 Global Gifting Market Sales and CAGR (%) Comparison by Type (2018-2030)
1.3 Global Gifting Market Segment by Application
1.3.1 Gifting Market Consumption (Sales) Comparison by Application (2018-2030)
1.4 Global Gifting Market, Region Wise (2018-2030)
1.4.1 Global Gifting Market Size (Revenue) and CAGR (%) Comparison by Region (2018-2030)
1.4.2 United States Gifting Market Status and Prospect (2018-2030)
1.4.3 Europe Gifting Market Status and Prospect (2018-2030)
1.4.4 China Gifting Market Status and Prospect (2018-2030)
1.4.5 Japan Gifting Market Status and Prospect (2018-2030)
1.4.6 India Gifting Market Status and Prospect (2018-2030)
1.4.7 Southeast Asia Gifting Market Status and Prospect (2018-2030)
1.4.8 Latin America Gifting Market Status and Prospect (2018-2030)
1.4.9 Middle East and Africa Gifting Market Status and Prospect (2018-2030)
1.5 Global Market Size (Revenue) of Gifting (2018-2030)
1.5.1 Global Gifting Market Revenue Status and Outlook (2018-2030)
1.5.2 Global Gifting Market Sales Status and Outlook (2018-2030)
1.6 Influence of Regional Conflicts on the Gifting Industry
1.7 Impact of Carbon Neutrality on the Gifting Industry
2 Gifting Market Upstream and Downstream Analysis
2.1 Gifting Industrial Chain Analysis
2.2 Key Raw Materials Suppliers and Price Analysis
2.3 Key Raw Materials Supply and Demand Analysis
2.4 Market Concentration Rate of Raw Materials
2.5 Manufacturing Process Analysis
2.6 Manufacturing Cost Structure Analysis
2.6.1 Labor Cost Analysis
2.6.2 Energy Costs Analysis
2.6.3 R&D Costs Analysis
2.7 Major Downstream Buyers of Gifting Analysis
2.8 Impact of COVID-19 on the Industry Upstream and Downstream
3 Players Profiles
3.1 Bed Bath and Beyond Inc.
3.1.1 Bed Bath and Beyond Inc. Basic Information, Manufacturing Base, Sales Area and Competitors
3.1.2 Product Profiles, Application and Specification
3.1.3 Gifting Market Performance (2018-2023)
3.1.4 Business Overview
3.2 Spencer Gifts LLC
3.2.1 Spencer Gifts LLC Basic Information, Manufacturing Base, Sales Area and Competitors
3.2.2 Product Profiles, Application and Specification
3.2.3 Gifting Market Performance (2018-2023)
3.2.4 Business Overview
3.3 The Walt Disney Co.
3.3.1 The Walt Disney Co. Basic Information, Manufacturing Base, Sales Area and Competitors
3.3.2 Product Profiles, Application and Specification
3.3.3 Gifting Market Performance (2018-2023)
3.3.4 Business Overview
3.4 Card Factory Plc
3.4.1 Card Factory Plc Basic Information, Manufacturing Base, Sales Area and Competitors
3.4.2 Product Profiles, Application and Specification
3.4.3 Gifting Market Performance (2018-2023)
3.4.4 Business Overview
3.5 Hallmark Licensing LLC
3.5.1 Hallmark Licensing LLC Basic Information, Manufacturing Base, Sales Area and Competitors
3.5.2 Product Profiles, Application and Specification
3.5.3 Gifting Market Performance (2018-2023)
3.5.4 Business Overview
3.6 American Greetings Corp.
3.6.1 American Greetings Corp. Basic Information, Manufacturing Base, Sales Area and Competitors
3.6.2 Product Profiles, Application and Specification
3.6.3 Gifting Market Performance (2018-2023)
3.6.4 Business Overview
3.7 Enesco LLC
3.7.1 Enesco LLC Basic Information, Manufacturing Base, Sales Area and Competitors
3.7.2 Product Profiles, Application and Specification
3.7.3 Gifting Market Performance (2018-2023)
3.7.4 Business Overview
3.8 Williams-Sonoma Inc.
3.8.1 Williams-Sonoma Inc. Basic Information, Manufacturing Base, Sales Area and Competitors
3.8.2 Product Profiles, Application and Specification
3.8.3 Gifting Market Performance (2018-2023)
3.8.4 Business Overview
3.9 Costco Wholesale Corp.
3.9.1 Costco Wholesale Corp. Basic Information, Manufacturing Base, Sales Area and Competitors
3.9.2 Product Profiles, Application and Specification
3.9.3 Gifting Market Performance (2018-2023)
3.9.4 Business Overview
4 Global Gifting Market Landscape by Player
4.1 Global Gifting Sales and Share by Player (2018-2023)
4.2 Global Gifting Revenue and Market Share by Player (2018-2023)
4.3 Global Gifting Average Price by Player (2018-2023)
4.4 Global Gifting Gross Margin by Player (2018-2023)
4.5 Gifting Market Competitive Situation and Trends
4.5.1 Gifting Market Concentration Rate
4.5.2 Gifting Market Share of Top 3 and Top 6 Players
4.5.3 Mergers & Acquisitions, Expansion
5 Global Gifting Sales, Revenue, Price Trend by Type
5.1 Global Gifting Sales and Market Share by Type (2018-2023)
5.2 Global Gifting Revenue and Market Share by Type (2018-2023)
5.3 Global Gifting Price by Type (2018-2023)
5.4 Global Gifting Sales, Revenue and Growth Rate by Type (2018-2023)
5.4.1 Global Gifting Sales, Revenue and Growth Rate of Souvenirs and novelty items (2018-2023)
5.4.2 Global Gifting Sales, Revenue and Growth Rate of Seasonal decorations (2018-2023)
5.4.3 Global Gifting Sales, Revenue and Growth Rate of Greeting cards (2018-2023)
5.4.4 Global Gifting Sales, Revenue and Growth Rate of Giftware (2018-2023)
5.4.5 Global Gifting Sales, Revenue and Growth Rate of Other gift items (2018-2023)
6 Global Gifting Market Analysis by Application
6.1 Global Gifting Consumption and Market Share by Application (2018-2023)
6.2 Global Gifting Consumption Revenue and Market Share by Application (2018-2023)
6.3 Global Gifting Consumption and Growth Rate by Application (2018-2023)
6.3.1 Global Gifting Consumption and Growth Rate of Online (2018-2023)
6.3.2 Global Gifting Consumption and Growth Rate of Offline (2018-2023)
7 Global Gifting Sales and Revenue Region Wise (2018-2023)
7.1 Global Gifting Sales and Market Share, Region Wise (2018-2023)
7.2 Global Gifting Revenue and Market Share, Region Wise (2018-2023)
7.3 Global Gifting Sales, Revenue, Price and Gross Margin (2018-2023)
7.4 United States Gifting Sales, Revenue, Price and Gross Margin (2018-2023)
7.4.1 United States Gifting Market Under COVID-19
7.5 Europe Gifting Sales, Revenue, Price and Gross Margin (2018-2023)
7.5.1 Europe Gifting Market Under COVID-19
7.6 China Gifting Sales, Revenue, Price and Gross Margin (2018-2023)
7.6.1 China Gifting Market Under COVID-19
7.7 Japan Gifting Sales, Revenue, Price and Gross Margin (2018-2023)
7.7.1 Japan Gifting Market Under COVID-19
7.8 India Gifting Sales, Revenue, Price and Gross Margin (2018-2023)
7.8.1 India Gifting Market Under COVID-19
7.9 Southeast Asia Gifting Sales, Revenue, Price and Gross Margin (2018-2023)
7.9.1 Southeast Asia Gifting Market Under COVID-19
7.10 Latin America Gifting Sales, Revenue, Price and Gross Margin (2018-2023)
7.10.1 Latin America Gifting Market Under COVID-19
7.11 Middle East and Africa Gifting Sales, Revenue, Price and Gross Margin (2018-2023)
7.11.1 Middle East and Africa Gifting Market Under COVID-19
8 Global Gifting Market Forecast (2023-2030)
8.1 Global Gifting Sales, Revenue Forecast (2023-2030)
8.1.1 Global Gifting Sales and Growth Rate Forecast (2023-2030)
8.1.2 Global Gifting Revenue and Growth Rate Forecast (2023-2030)
8.1.3 Global Gifting Price and Trend Forecast (2023-2030)
8.2 Global Gifting Sales and Revenue Forecast, Region Wise (2023-2030)
8.2.1 United States Gifting Sales and Revenue Forecast (2023-2030)
8.2.2 Europe Gifting Sales and Revenue Forecast (2023-2030)
8.2.3 China Gifting Sales and Revenue Forecast (2023-2030)
8.2.4 Japan Gifting Sales and Revenue Forecast (2023-2030)
8.2.5 India Gifting Sales and Revenue Forecast (2023-2030)
8.2.6 Southeast Asia Gifting Sales and Revenue Forecast (2023-2030)
8.2.7 Latin America Gifting Sales and Revenue Forecast (2023-2030)
8.2.8 Middle East and Africa Gifting Sales and Revenue Forecast (2023-2030)
8.3 Global Gifting Sales, Revenue and Price Forecast by Type (2023-2030)
8.3.1 Global Gifting Revenue and Growth Rate of Souvenirs and novelty items (2023-2030)
8.3.2 Global Gifting Revenue and Growth Rate of Seasonal decorations (2023-2030)
8.3.3 Global Gifting Revenue and Growth Rate of Greeting cards (2023-2030)
8.3.4 Global Gifting Revenue and Growth Rate of Giftware (2023-2030)
8.3.5 Global Gifting Revenue and Growth Rate of Other gift items (2023-2030)
8.4 Global Gifting Consumption Forecast by Application (2023-2030)
8.4.1 Global Gifting Consumption Value and Growth Rate of Online (2023-2030)
8.4.2 Global Gifting Consumption Value and Growth Rate of Offline (2023-2030)
8.5 Gifting Market Forecast Under COVID-19
9 Industry Outlook
9.1 Gifting Market Drivers Analysis
9.2 Gifting Market Restraints and Challenges
9.3 Gifting Market Opportunities Analysis
9.4 Emerging Market Trends
9.5 Gifting Industry Technology Status and Trends
9.6 News of Product Release
9.7 Consumer Preference Analysis
9.8 Gifting Industry Development Trends under COVID-19 Outbreak
9.8.1 Global COVID-19 Status Overview
9.8.2 Influence of COVID-19 Outbreak on Gifting Industry Development
10 Research Findings and Conclusion
11 Appendix
11.1 Methodology
11.2 Research Data Source
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