Press release
Gifting Market worth $300.8 Billion by 2030, growing at a CAGR of 10.4% |Archies, Ferns N Petals, Miniso Life Style, Chumbak Design
Gifting Market
"The Gifting Market size is estimated to increase by USD at a CAGR of 10.4% by 2030. The report includes historic market data from 2024 to 2030. The Current market value is pegged at USD."
Market Dynamics:
The gifting market has experienced significant growth and transformation in recent years, driven by evolving consumer behaviors and technological advancements. This sector is expanding due to an increasing emphasis on personalized and experiential gifts, catering to a more discerning and diverse consumer base. The rise of e-commerce and digital platforms has revolutionized the way consumers discover, purchase, and deliver gifts, offering convenience and a broader selection. Additionally, social media and influencer marketing have heightened awareness and demand for unique and customizable gifts. Economic factors, such as rising disposable incomes and global economic stability, have also contributed to the market's expansion.
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One key market opportunity for the Gifting market
Increasing demand for personalized and customized gifts.
One key market opportunity in the gifting market is the increasing demand for personalized and customized gifts. Consumers are increasingly seeking unique and meaningful gift options that reflect the recipient's personality, interests, and preferences. This trend presents a significant opportunity for businesses to offer a wide range of customizable products, from engraved jewelry and bespoke clothing to personalized digital experiences and subscription services. Leveraging advanced technologies such as AI and machine learning can further enhance this opportunity by providing tailored recommendations and seamless customization processes. Moreover, collaborations with artists and designers to create exclusive, limited-edition items can attract a niche market of consumers willing to pay a premium for distinctive gifts. Capitalizing on this trend not only enhances customer satisfaction and loyalty but also allows businesses to differentiate themselves in a competitive market.
One key market trend in the Gifting market
Rising popularity of experiential gifts.
One key market trend in the gifting market is the rising popularity of experiential gifts. Rather than opting for traditional tangible items, consumers are increasingly choosing to give experiences, such as travel packages, concert tickets, cooking classes, or adventure activities. This shift is driven by a growing preference for creating lasting memories and valuing experiences over material possessions. The experiential gifting trend is particularly popular among younger generations, such as Millennials and Gen Z, who prioritize experiences that enrich their lives and foster social connections. This trend is also fueled by the integration of digital platforms that make it easier to purchase and gift experiences.
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Top Market Players:
The study includes market share analysis and profiles of players such as
★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.
Market Segmentation:
By Type
Souvenirs
Personal Accessories
Decorative Items
Greeting Cards
E-Gift Vouchers
Others
By Application
Local Shops
Exclusive Outlets
Multi Branded Shops
Online
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Gifting Market Competition Landscape by Players
Chapter 4: Assessment of Gifting Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
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The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Gifting sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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