Future of the Gifts Retailing Market: Strategic Analysis and Forecast to 2034

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Gifts Retailing Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the gifts retailing market has been on a consistent growth trajectory in recent years, set to rise from $14.77 billion in 2024 to $15.46 billion in 2025, representing a compound annual growth rate (CAGR) of 4.7%. Factors such as the upswing in online shopping and digital sales platforms, an elevated demand for personalized and bespoke gifts, ample consumer expenditure during holidays and celebratory periods, augmented spending capacity of the millennials, and an uptick in consumer inclination towards environmentally friendly and sustainable gifts, have all contributed to the growth witnessed in the historic period.

Gifts Retailing Market Size Forecast: What's the Projected Valuation by 2029?
A robust enlargement is projected for the gifts retailing market size over the coming years, escalating to $18.8 billion by 2029 with a compound annual growth rate (CAGR) of 5.0%. The expected increase during the forecasted period can be ascribed to the ongoing expansion of e-commerce, increased application of AI for individualized shopping experiences, heightened attention towards sustainable and moral products, escalating popularity of experience-oriented gifts such as trips and events, and a combination of online and offline retail experiences. The forecast period is likely to see key trends including personalization and customization, incorporation of technology, subscription-based gifting, gifts relating to health and wellness, and intelligent and interconnected devices.

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What Are the Drivers Transforming the Gifts Retailing Market?
The transition to e-commerce is predicted to fuel the expansion of the gift retailing sector in the future. E-commerce or online shopping involves buying goods or services from internet-based sellers or platforms via a web browser or mobile application. The surge in online shopping is triggered by factors such as convenience, access to a broad array of products, competitive rates, the simplicity of contrast shopping, and the presence of customer reviews and recommendations. Gift retailing leverages this shift to online shopping by offering a wide variety of unique and customizable products, enticing customers looking for convenient and personalized shopping experiences. For example, the Census Bureau of the Department of Commerce, a government department based in the US, reported in May 2024 that the first quarter of 2024 saw US retail e-commerce sales reach $289.2 billion, a 2.1% increase (±0.7%) from the last quarter of 2023. Hence, a transition to online shopping is poised to bolster the growth of the gift retailing sector.

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What Long-Term Trends Will Define the Future of the Gifts Retailing Market?
Leading corporations in the gift retail market are making strides in creating inventive solutions like personalized shopping tools driven by artificial intelligence, intending to elevate customer interaction and make shopping experiences more personal. These AI-led personalized shopping tools are technologies leveraging algorithms and data analysis to customize product suggestions and the shopping journey as per individual consumer tastes. For instance, in January 2024, Etsy Inc., a gift production company based in the US, rolled out 'Gift Mode', a shopping tool powered by Artificial Intelligence designed to augment the gift purchasing process. The tool employs both AI and human selection to help consumers buy gifts suitable for any event, making the buying process more engaging while enabling customers to explore presents that match the specific inclinations of the person receiving the gift.

Which Segments in the Gifts Retailing Market Offer the Most Profit Potential?
The gifts retailingmarket 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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Which Firms Dominate the Gifts Retailing Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in the Gifts Retailing Market?
North America was the largest region in the gifts retailing market in 2024. The regions covered in the gifts retailing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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