Personalized Gifts Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast

"The Business Research Company recently released a comprehensive report on the Global Personalized Gifts Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=16146&type=smp

According to The Business Research Company's, The personalized gifts market size has grown strongly in recent years. It will grow from $26.18 billion in 2023 to $28.47 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increasing demand for unique and customized products, advancements in technology for personalization, growing consumer preference for individualized experiences, and the and the expansion of e-commerce platforms.

The personalized gifts market size is expected to see strong growth in the next few years. It will grow to $40.02 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to Increased spending capacity, influence of social media trends, rising popularity of personalized gifts, growing use of data analytics for targeted marketing. Major trends in the forecast period include apparel, rising popularity of personalized home décor, growth in custom-made jewelry, increasing preference for personalized tech gadgets, expansion of bespoke beauty and skincare products, personalized food and beverage items, and custom-printed stationery.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/personalized-gifts-global-market-report

Market Drivers and Trends:

The rising pet ownership rates are expected to propel the growth of the pet cloning market going forward. Pet ownership refers to the responsibility and care taken by individuals or households in providing for the needs, well-being, and companionship of domesticated animals kept primarily for pleasure rather than utility. The rising pet ownership rates are due to factors such as lifestyle changes, the humanization of pets, and higher disposable incomes. Pet cloning offers pet owners the opportunity to preserve the genetic identity of beloved animals, potentially providing comfort and continuity in the companionship experience. For instance, in October 2023, according to the American Pet Products Association, a US-based non-profit association, there were 86.9 million US households that owned a pet, which is 66% of households in 2022. Additionally, in November 2022, according to Animal Medicines Australia, an Australia-based association representing animal health, 69% of households owned pets in Australia. Therefore, the rising pet ownership rates are driving the growth of the pet cloning market.

Major companies operating in the personalized gifts market are focusing on developing advanced personalized experience solutions, such as AI-based gift recommendation services, to enhance the customer experience and increase sales. Artificial intelligence-based personalized gift recommendations leverage data analysis and machine learning algorithms to suggest unique and thoughtful gifts tailored to an individual's preferences and interests. For instance, in January 2024, Etsy Inc., a US-based company that provides unique and creative goods, launched Gift Mode. It is an AI-based gift recommendation service designed to curate personalized gift ideas based on a recipient's interests. This service uses a combination of human curation and machine learning to offer gift options tailored to more than 200 recipient personas. Gift Mode lets users provide details about the recipient and the occasion and generates personalized gift suggestions. Additionally, users can create a gift teaser with a note, tracking information, and a preview of the gift or opt to leave the gift as a surprise.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Amazon.com Inc, Hallmark Cards Inc., Pandora A/S, Swarovski AG, Michael Kors Holdings Limited, Tiffany and Company, Etsy Inc., American Greetings Corporation, Shutterfly Inc., Kate Spade New York, 4imprint Group Plc, Custom Ink, Spencer Gifts LLC, Card Factory plc, Redbubble Group Limited, Things Remembered Inc., Printful Inc, Moonpig.com Ltd., Spring Inc. (Teespring), Zazzle Inc., Minted LLC, CafePress Inc., PersonalizationMall.com LLC, Snapfish by HP Inc., Spreadshirt

Personalized Gifts Market 2024 Key Insights:

• The personalized gifts market size is expected to see strong growth in the next few years. It will grow to $40.02 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
• Rise Of Festive Season Gifting And Its Impact On The Personalized Gift Market
• Advancements In AI Transform Personalized Gifts Market With Tailored Recommendations
• Europe was the largest region in the personalized gifts market in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=16146&type=smp

Contact Us:

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.