Gifts Retailing Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 92.60 Billion |
| Market Size (2029) | USD 117.98 Billion |
| CAGR (2024 - 2029) | 4.12 % |
| Fastest Growing Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Gifts Retailing Market Analysis
The Gifts Retailing Market size is estimated at USD 92.60 billion in 2024, and is expected to reach USD 117.98 billion by 2029, at a CAGR of 4.12% during the forecast period (2024-2029).
The gifts retailing market is a significant segment within the global retail industry, showing steady growth attributed to consistent demand for gifts across various occasions throughout the year. Key events such as birthdays, weddings, anniversaries, and holidays contribute to the sustained demand for gifts, driving the market forward.
Online platforms provide a diverse array of gifts, convenient delivery options, and the capability to send gifts globally. This has significantly broadened the market's accessibility and reach. The industry is witnessing an emerging trend towards eco-friendly and sustainable gifts, with consumers showing a preference for items made from recycled materials and ethically sourced products. Experiential gifts, including spa vouchers, travel packages, and event tickets, are gaining popularity as they focus on creating memorable experiences for recipients.
Corporate gifting is a crucial segment within the Gifts Retailing Market, with businesses purchasing gifts to express appreciation and strengthen professional relationships with clients, employees, and partners. Although the pandemic presented challenges and opportunities, the industry demonstrated resilience. With physical retail stores temporarily closed or operating at limited capacity, the shift to online shopping accelerated, leading to increased demand for gifts delivered directly to recipients' homes. While supply chain disruptions impacted certain gift items, the industry adapted to changing circumstances, emphasizing the enduring appeal and adaptability of the gifts retailing market.
Gifts Retailing Market Trends
Impact of Valentine's Day Gifts Purchasing in Gift Retailing Market
Valentine's Day stands as a prominent global retail holiday, fuelling a surge in gift sales. Online and brick-and-mortar retailers witness a sales uptick as consumers seek presents for their loved ones, be it romantic partners, family, friends, or pets. To cater to Valentine's Day shoppers' diverse preferences and budgets, gift retailers expand their product range. Alongside traditional offerings like flowers, chocolates, and jewellery, they curate personalized items, experiences, and subscription services. Gift retailers ramp up their marketing efforts to make the most of the Valentine's Day shopping season. They employ a mix of channels, from social media and email marketing to in-store displays and advertisements, to highlight their products and enticing offers. As online shopping gains traction, e-commerce platforms play a pivotal role in Valentine's Day gifting. Gift retailers optimize their online presence, bolster website functionality, and introduce convenient features like same-day delivery and gift wrapping, catering to the preferences of tech-savvy shoppers seeking seamless experiences.
Increasing Sales of Gift, Novelty, and Souvenir Stores in United States
The United States remains a popular destination for both domestic and international tourists, fueling a robust demand for souvenirs and gifts. These visitors actively seek keepsakes to commemorate their journeys, leading to a surge in sales at gift and souvenir stores. These stores, strategically located in tourist hotspots, airports, and popular attractions, witness heightened footfall and sales. The American culture places a strong emphasis on gift-giving, with occasions like birthdays, holidays, weddings, graduations, and milestones prompting individuals to purchase gifts for their loved ones. To cater to this demand, gift and novelty stores curate a diverse range of unique and themed products, ensuring steady sales year-round. Notably, major seasonal events like Christmas, Valentine's Day, Mother's Day, Father's Day, Halloween, and Independence Day witness a notable uptick in consumer spending on gifts and novelty items. Retailers smartly leverage these occasions by rolling out themed merchandise, promotions, and eye-catching seasonal displays, further driving foot traffic and sales.
Gifts Retailing Industry Overview
The gifts retailing market is highly competitive, with players continuously innovating and adapting to changing consumer preferences and trends. Retailers differentiate themselves by offering unique product selections, excellent customer service, personalized options, and competitive pricing. Building brand loyalty and maintaining a strong online presence are essential strategies in this competitive landscape. The market includes traditional brick-and-mortar retailers and online platforms, each having a share of consumer spending on gift items. Following is the list of Top players in the Market: Card Factory, Aldi Stores Ltd, Alibaba Group Holding Ltd, Amazon.com Inc, and American Greetings Corp.
Gifts Retailing Market Leaders
-
Card Factory
-
Aldi Stores Ltd
-
Alibaba Group Holding Ltd
-
Amazon.com Inc
-
American Greetings Corp
*Disclaimer: Major Players sorted in no particular order
Gifts Retailing Market News
- May 2023: Card Factory is looking to expand in seven international markets. It has announced its partnership with Middle East-based Liwa Trading Enterprises, which will act as its exclusive franchise partner in the region.
- April 2023: Hallmark announced the extension of its longest continual licensing agreement with the brand Peanuts. The five-year renewal allows Hallmark to continue to produce popular Peanuts products in multiple categories, including greeting cards, gifts, and Hallmark Keepsake Ornaments.
Gifts Retailing Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Seasonal Occasions and Celebrations
4.2.2 E-commerce and Online Shopping
4.3 Market Restraints
4.3.1 Intense Competition
4.3.2 Changing Consumer Preferences and Trends
4.4 Insights on Consumer Behavior Analysis
4.5 Insights on Impact of technology in the Market
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Bargaining Power of Buyers
4.6.2 Bargaining Power of Suppliers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Souvenirs and novelty items
5.1.2 Seasonal decorations
5.1.3 Greeting cards
5.1.4 Giftware
5.1.5 Other Gift items
5.2 By Distribution channel
5.2.1 Offline
5.2.2 Online
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 UK
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Netherlands
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Indonesia
5.3.3.6 Malaysia
5.3.3.7 Rest of Asia-Pacific
5.3.4 Middle East & Africa
5.3.4.1 UAE
5.3.4.2 Saudi Arabia
5.3.4.3 Israel
5.3.4.4 South Africa
5.3.4.5 Rest of Middle East and Africa
5.3.5 Latin America
5.3.5.1 Argentina
5.3.5.2 Brazil
5.3.5.3 Mexico
5.3.5.4 Rest of Latin America
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Card Factory
6.2.2 Aldi Stores Ltd.
6.2.3 Alibaba Group Holding Ltd.
6.2.4 Amazon.com Inc.
6.2.5 American Greetings Corp.
6.2.6 Spencer Gifts LLC
6.2.7 The Walt Disney Co
6.2.8 Hallmark Cards Inc
6.2.9 My Pet Gift Box Ltd
6.2.10 Shutterfly Inc
6.2.11 Macys Inc*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Gifts Retailing Industry Segmentation
Gifts retailing refers to the sale of various products and items that are intended to be given as presents or gifts to others for special occasions, celebrations, or as gestures of goodwill. These products can range from traditional gifts such as greeting cards, flowers, and personalized items to more diverse options like electronics, fashion accessories, gourmet food baskets, and novelty gifts.
Gifts retailing market is segmented by product, distribution channel, and geography. By product, the market is sub-segmented into souvenirs and novelty items, seasonal decorations, greeting cards, giftware, and other gift items. By distribution channel, the market is sub-segmented into offline and online. By geography, the market is sub-segmented into North America, Europe, Asia-Pacific, Middle-East and Africa, and Latin America. The report offers market size and forecasts for the gifts retailing market in value (USD) for all the above segments.
| By Product | |
| Souvenirs and novelty items | |
| Seasonal decorations | |
| Greeting cards | |
| Giftware | |
| Other Gift items |
| By Distribution channel | |
| Offline | |
| Online |
| By Geography | |||||||||
| |||||||||
| |||||||||
| |||||||||
| |||||||||
|
Gifts Retailing Market Research Faqs
How big is the Gifts Retailing Market?
The Gifts Retailing Market size is expected to reach USD 92.60 billion in 2024 and grow at a CAGR of 4.12% to reach USD 117.98 billion by 2029.
What is the current Gifts Retailing Market size?
In 2024, the Gifts Retailing Market size is expected to reach USD 92.60 billion.
Who are the key players in Gifts Retailing Market?
Card Factory, Aldi Stores Ltd, Alibaba Group Holding Ltd, Amazon.com Inc and American Greetings Corp are the major companies operating in the Gifts Retailing Market.
Which is the fastest growing region in Gifts Retailing Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
What years does this Gifts Retailing Market cover, and what was the market size in 2023?
In 2023, the Gifts Retailing Market size was estimated at USD 88.78 billion. The report covers the Gifts Retailing Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Gifts Retailing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Gifts Retailing Industry Report
Statistics for the 2024 Gifts Retailing market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Gifts Retailing analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
