Gifts Retailing Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities

The Gifts Retailing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Gifts Retailing Market?
The gifts retailing market size has experienced significant growth in recent years. It is projected to rise from $14.77 billion in 2024 to $15.56 billion in 2025, at a compound annual growth rate (CAGR) of 5.4%. This growth can be attributed to the increasing popularity of online shopping and digital sales platforms, higher demand for personalized and custom gifts, strong consumer spending during holidays and festive seasons, the growing financial power of millennials, and a rising preference for eco-friendly and sustainable gifts.

The gifts retailing market is projected to see strong growth, reaching $19.02 billion by 2029 at a CAGR of 5.1%. Growth is driven by the continued expansion of e-commerce, enhanced use of AI for personalized shopping, the rising demand for sustainable and ethical products, growing popularity of experience-based gifts like travel and events, and the integration of online and offline retail experiences. Major trends include personalization and customization, technology integration, subscription-based gifting models, a focus on health and wellness gifts, and the rise of smart and connected devices.

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What Are the Different Gifts Retailing Market Segments?
The gifts retailing market covered in this report is segmented -

1) By Type: Souvenirs And Novelty Items, Seasonal Decorations, Greeting Cards, Giftware, Other Gift Items
2) By Occasion-Specific Gifts: Birthday Gifts, Anniversary Gifts, Holiday Gifts, Graduation Gifts
3) By Personalization Trends: Customized Packaging, Engraving And Embroidery
4) By Retail Channels: Brick-And-Mortar Stores, E-Commerce Platforms, Specialty Gift Shops

Subsegments
1) By Souvenirs and Novelty Items: Custom Souvenirs, Branded Merchandise, Regional/Location-Specific Items
2) By Seasonal Decorations: Holiday-Specific (e.g., Christmas, Halloween), Seasonal Home Decor, Special Event Decor (e.g., Weddings, Birthdays)
3) By Greeting Cards: Occasion Cards (e.g., Birthday, Anniversary), Holiday Cards, Blank and Personalized Cards
4) By Giftware: Decorative Accessories, Collectibles, Luxury and High-End Giftware
5) By Other Gift Items: DIY and Craft Kits, Experience-Based Gifts (e.g., Vouchers, Tickets), Eco-Friendly and Sustainable Gifts

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What Are the Primary Drivers Shaping the Gifts Retailing Market?
The growing shift toward online shopping is expected to boost the gift retailing market. Online shopping involves purchasing goods or services through digital platforms, offering consumers convenience, broader product selections, competitive pricing, and access to reviews. Gift retailers benefit from this shift by providing customizable, diverse offerings that suit the needs of modern consumers looking for quick and personalized options. For instance, in May 2024, the U.S. Census Bureau reported that U.S. retail e-commerce sales hit $289.2 billion in Q1 2024, a 2.1% increase from Q4 2023. Thus, the rise in online shopping is fueling growth in the gift retailing market.

Which Companies Are Leading in the Gifts Retailing Market?
Major companies operating in the gifts retailing market are Walmart Inc., Amazon.com Inc., Costco Wholesale Corporation, Alibaba Group Holding Limited, The Walt Disney Company, Macy's Inc., Williams-Sonoma Inc., Spencer Gifts LLC, Hallmark Cards Inc., American Greetings Corporation, Shutterfly Inc., Card Factory, Enesco LLC, The Paper Chase, Ferns N Petals Private Limited, House of Fraser Limited, Aldi Stores Limited, Loop Commerce Inc., My Pet Gift Box Limited, Penney OpCo LLC

What Trends Are Driving Growth in The Gifts Retailing Market?
To enhance the personalized shopping experience and boost customer engagement, key players in the gift retailing market are concentrating on the development of innovative solutions such as personalized shopping tools powered by artificial intelligence. These tools utilize algorithms and data analytics to customize product recommendations and shopping experiences according to the individual customer's tastes. For example, in January 2024, Etsy Inc., an American gift-making company, introduced an AI-powered shopping tool named "Gift Mode" aimed at revolutionizing the gift shopping experience. This tool, by combining AI technology and human curation, facilitates more engaging purchasing activities and enables shoppers to unearth gifts that match the recipient's unique interests.

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What Are the Top Revenue-Generating Geographies in the Gifts Retailing Market?
North America was the largest region in the gifts retailing market in 2023. The regions covered in the gifts retailing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Gifts Retailing Market?
2. What is the CAGR expected in the Gifts Retailing Market?
3. What Are the Key Innovations Transforming the Gifts Retailing Industry?
4. Which Region Is Leading the Gifts Retailing Market?

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