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

Gifting Market overview

Gifting Market is expected to grow rapidly at a 10.4% CAGR consequently, it will grow to $ 300.8 Billion by 2030.

For Insights Consultancy presents an extensive market analysis report titled “Gifting Market Report 2024″providing businesses with an edge in competition by providing a thorough analysis of market structures with estimates for various segmentations and segments.

The report also focuses new trends, major drivers, challenges, as well as opportunities. The report provides all necessary information needed to thrive in the Gifting industry. This report is about Gifting market research provides a complete analysis, which includes a comprehensive analysis of the current and future trends in the market.

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 Trends 2024

Personalization: Consumers are increasingly looking for personalized gifts that reflect the individuality of their recipients and create a more meaningful gift-giving experience. This trend goes beyond adding names. It includes personalized messages, designs and even tailored products.

Eco-conscious Gifting: As sustainability becomes a greater concern, the demand for eco-friendly gifts and those sourced ethically is on the rise. The consumer is prioritizing recycled products, organic ingredients and sustainable production methods.

Experiential gifts are becoming more popular than material goods. For example, people prefer to give experiences like cooking classes, spa days or travel vouchers. These gifts create lasting memories and offer unforgettable moments, which aligns with the trend towards minimalism.

Digital gifting is becoming more popular as society becomes increasingly digitalized. Virtual experiences, virtual subscriptions and digital gift cards are all gaining in popularity. These convenient options are available instantly and are geared towards tech-savvy consumers that value convenience and flexibility.

Gifts that are socially aware: Brands that emphasize giving back to the community and prioritize social responsibility attract consumers. Socially-conscious consumers are drawn to gifting options that promote charitable causes and have a positive impact on society.

Gifts for health and well-being: The pandemic is causing a rise in interest in gifts that promote fitness, mental wellness, and self-care. Fitness trackers, meditation applications, and healthy snacks have increased in popularity.

The trends show that consumers will be looking for more sustainable, experiential, and personalized gifting options by 2024.

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.

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.

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.

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

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)

The gifting industry is a fiercely competitive market. Players compete for market share by implementing differentiating products, pricing strategies and customer service. They also use marketing to increase their market share. In this dynamic market, it is important to maintain competitiveness through continuous innovation, adaptability and strategic partnerships.

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.

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.

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.

Report Features

This report gives the most complete information. The report on Gifting Market format has been designed so that it can provide the best value to the business. It offers crucial insights into the market’s dynamic and will aid in strategic decision-making for current players as well as those looking to join the market.

What Deliverables Will You Get in this Report?

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