Market Introduction and Overview
The global Gifts Retailing Market was valued at USD 496.4 billion in 2020 and is expected to reach USD 583.4 billion by 2029, growing at a CAGR of 2.1% during the forecast period (2022-2029). The growing popularity of online gift retailers and the rising trend of gifting among millennials are some of the major factors driving the growth of the market. Moreover, the increasing disposable income and changing lifestyle habits are also contributing to the market growth. However, the volatile raw material prices and the stringent regulations associated with product safety are some of the factors restraining the market growth.
The report analyzes the trends in the global gifts retailing market and provides insights into the opportunities and challenges facing the industry.
The global Gifts Retailing Market is driven by the growing demand for personalized gifts, the increasing popularity of online gift stores, and the growing trend of gifting occasions. However, the high cost of gifting and the lack of quality control are restraining factors for the growth of this market.
Market Drivers
There are various factors driving the growth of the global gifts retailing market. The growing trend of personalization and customization of gifts, the popularity of online gift retailing, and the increasing disposable incomes are some of the key drivers propelling the market growth.
The trend of personalization and customization of gifts is gaining popularity, as people want to give gifts that are unique and have a personal touch. This is fuelling the demand for personalized and customized gifts, which in turn is boosting the growth of the global gifts retailing market.
The online gift retailing segment is also gaining popularity due to the convenience it offers. Online gift retailers offer a wide range of products and allow customers to shop from the comfort of their homes. This is attracting more customers to buy gifts online, thereby driving the growth of this segment.
The increasing disposable incomes globally are another factor driving the market growth. As people have more money to spend, they are looking for ways to celebrate special occasions by gifting their loved ones. This is resulting in increased spending on gifts, which is further fuelling the growth of the global gifts retailing market.
Market Challenges
The retail gift market faces some key challenges that could hamper its growth. chief among these are:
1) Increased competition from online retailers: Online retailers such as Amazon and eBay have increased their share of the global gift market in recent years, offering customers a wider range of products at competitive prices. This has put pressure on traditional brick-and-mortar retailers to lower their prices and offer more attractive terms and conditions, such as free shipping.
2) The challenge of managing inventory: A key challenge for any retailer is managing inventory levels, particularly around peak periods such as Christmas and Valentine's Day. If stock levels are too low, customers may be disappointed and go elsewhere; if they are too high, retailers may find themselves with excess stock that needs to be sold at a discount or even written off entirely. This challenge is magnified for gift retailers who often deal with seasonal or one-off items which can be difficult to predict demand for.
3) Margin pressures: With competition from online retailers putting pressure on pricing, margins in the retail gift market have come under strain in recent years. This has made it difficult for traditional retailers to invest in new store openings or product development, further hampering growth prospects.
Covid-19 Impact on Gifts Retailing Market
Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumers' purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of the consumers have shifted towards online shopping from March 2020 to December 2020.
Report Includes
An overview of the global Gifts Retailing market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Gifts Retailing market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Gifts Retailing market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Gifts Retailing market for components from 2022 through 2029
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and Porter five forces analysis. This chapter provides a detailed insights of market which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The report segments the global gifts retailing market on the basis of type, mode of sale, occasion, price range, and geography. On the basis of type, it is divided into flowers & plants, chocolates & confectioneries, jewelry & watches, apparel & accessories, cosmetics & fragrances, home decor & kitchenware items, books & media products, electronic gadgets, and others. Based on mode of sale channels include brick-and-mortar stores and online stores whereas on occasion it is classified as birthday gifts anniversary gifts, wedding gifts, baby shower gifts father's day gifts, mother's day gifts, valentine's day gifts, housewarming party gifts, get well soon gifts, promotional corporate gift items.
Global Gifts Retailing market Competitive Analysis:
Key players in the Global Gifts Retailing market are
American Greetings
Card Factory
Disney
Hallmark Licensing
Spencer Gifts and among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. Global Gifts Retailing market is distributed on the basis of the below-mentioned segments:
Global Gifts Retailing market, By Type:
The global Gifts Retailing Market was valued at USD 496.4 billion in 2020 and is expected to reach USD 583.4 billion by 2029, growing at a CAGR of 2.1% during the forecast period (2022-2029). The growing popularity of online gift retailers and the rising trend of gifting among millennials are some of the major factors driving the growth of the market. Moreover, the increasing disposable income and changing lifestyle habits are also contributing to the market growth. However, the volatile raw material prices and the stringent regulations associated with product safety are some of the factors restraining the market growth.
The report analyzes the trends in the global gifts retailing market and provides insights into the opportunities and challenges facing the industry.
The global Gifts Retailing Market is driven by the growing demand for personalized gifts, the increasing popularity of online gift stores, and the growing trend of gifting occasions. However, the high cost of gifting and the lack of quality control are restraining factors for the growth of this market.
Market Drivers
There are various factors driving the growth of the global gifts retailing market. The growing trend of personalization and customization of gifts, the popularity of online gift retailing, and the increasing disposable incomes are some of the key drivers propelling the market growth.
The trend of personalization and customization of gifts is gaining popularity, as people want to give gifts that are unique and have a personal touch. This is fuelling the demand for personalized and customized gifts, which in turn is boosting the growth of the global gifts retailing market.
The online gift retailing segment is also gaining popularity due to the convenience it offers. Online gift retailers offer a wide range of products and allow customers to shop from the comfort of their homes. This is attracting more customers to buy gifts online, thereby driving the growth of this segment.
The increasing disposable incomes globally are another factor driving the market growth. As people have more money to spend, they are looking for ways to celebrate special occasions by gifting their loved ones. This is resulting in increased spending on gifts, which is further fuelling the growth of the global gifts retailing market.
Market Challenges
The retail gift market faces some key challenges that could hamper its growth. chief among these are:
1) Increased competition from online retailers: Online retailers such as Amazon and eBay have increased their share of the global gift market in recent years, offering customers a wider range of products at competitive prices. This has put pressure on traditional brick-and-mortar retailers to lower their prices and offer more attractive terms and conditions, such as free shipping.
2) The challenge of managing inventory: A key challenge for any retailer is managing inventory levels, particularly around peak periods such as Christmas and Valentine's Day. If stock levels are too low, customers may be disappointed and go elsewhere; if they are too high, retailers may find themselves with excess stock that needs to be sold at a discount or even written off entirely. This challenge is magnified for gift retailers who often deal with seasonal or one-off items which can be difficult to predict demand for.
3) Margin pressures: With competition from online retailers putting pressure on pricing, margins in the retail gift market have come under strain in recent years. This has made it difficult for traditional retailers to invest in new store openings or product development, further hampering growth prospects.
Covid-19 Impact on Gifts Retailing Market
Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumers' purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of the consumers have shifted towards online shopping from March 2020 to December 2020.
Report Includes
An overview of the global Gifts Retailing market, and related technologies and developments. Analyses of global market trends, with historical data from 2018, 2019, and 2020 estimates and projections of CAGRs through 2029. It also includes breakdowns of the overall Gifts Retailing market along with various segments, and by geographic region. Analysis of the stakeholder value chain in the Gifts Retailing market and comprehensive profiles of leading companies in the industry
Report Scope
The report forecasts the size of the Gifts Retailing market for components from 2022 through 2029
The Executive Summary provides a snapshot of key findings of the report. The introduction chapter includes the research scope, market segmentation, research methodology, and definitions and assumptions. It involves extremely rigorous scientific methods, tools and techniques to estimate the market size. Exhaustive secondary research is being carried out to collect information related to the market, the parent market, and the peer market. Primary research is undertaken to validate the assumptions, findings, and sizing with the industry experts and professionals across the value chain of the market. Both top-down and bottom-up approaches are employed to estimate the complete market size.
The chapter on market dynamics includes market drivers, restraints, and opportunities which helps familiarise with market potential and upcoming opportunities. The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and Porter five forces analysis. This chapter provides a detailed insights of market which derives the market trends, changing phase of investments, scope of profit potential, and helps to take appropriate business decisions. The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.
After deriving the market size from the market size estimation process, the total market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments, data triangulation and market breakdown procedures is being used. The data triangulation is carried out by studying various factors and trends from demand and supply perspectives.
Segmentation Analysis:
The report segments the global gifts retailing market on the basis of type, mode of sale, occasion, price range, and geography. On the basis of type, it is divided into flowers & plants, chocolates & confectioneries, jewelry & watches, apparel & accessories, cosmetics & fragrances, home decor & kitchenware items, books & media products, electronic gadgets, and others. Based on mode of sale channels include brick-and-mortar stores and online stores whereas on occasion it is classified as birthday gifts anniversary gifts, wedding gifts, baby shower gifts father's day gifts, mother's day gifts, valentine's day gifts, housewarming party gifts, get well soon gifts, promotional corporate gift items.
Global Gifts Retailing market Competitive Analysis:
Key players in the Global Gifts Retailing market are
American Greetings
Card Factory
Disney
Hallmark Licensing
Spencer Gifts and among other players.
*All our reports are customizable as per customer requirements
This study forecasts revenue and volume growth at global, regional, and country levels from 2018 to 2029. Global Gifts Retailing market is distributed on the basis of the below-mentioned segments:
Global Gifts Retailing market, By Type:
- Souvenirs and Novelty
- Seasonal Decorations
- Greeting Cards
- Giftware
- Others
- Online Retail
- Offline Retail
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
Gifts Retailing MARKET STUDY GLOBAL MARKET ANALYSIS, INSIGHTS AND FORECAST, 2022-2029
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Gifts Retailing Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Segment 1
- 5.2.1. Sub-Segment 1
- 5.2.2. Sub-Segment 2
- 5.3. Market Analysis, Insights and Forecast – By Segment 2
- 5.3.1. Sub-Segment 1
- 5.3.2. Sub-Segment 2
- 5.3.3. Sub-Segment 3
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Segment 3
- 5.4.1. Sub-Segment 1
- 5.4.2. Sub-Segment 2
- 5.4.3. Sub-Segment 3
- 5.4.4. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Gifts Retailing Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Segment 1
- 6.2.1. Sub-Segment 1
- 6.2.2. Sub-Segment 2
- 6.3. Market Analysis, Insights and Forecast – By Segment 2
- 6.3.1. Sub-Segment 1
- 6.3.2. Sub-Segment 2
- 6.3.3. Sub-Segment 3
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Segment 3
- 6.4.1. Sub-Segment 1
- 6.4.2. Sub-Segment 2
- 6.4.3. Sub-Segment 3
- 6.4.4. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Gifts Retailing Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Segment 1
- 7.2.1. Sub-Segment 1
- 7.2.2. Sub-Segment 2
- 7.3. Market Analysis, Insights and Forecast – By Segment 2
- 7.3.1. Sub-Segment 1
- 7.3.2. Sub-Segment 2
- 7.3.3. Sub-Segment 3
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Segment 3
- 7.4.1. Sub-Segment 1
- 7.4.2. Sub-Segment 2
- 7.4.3. Sub-Segment 3
- 7.4.4. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Gifts Retailing Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Segment 1
- 8.2.1. Sub-Segment 1
- 8.2.2. Sub-Segment 2
- 8.3. Market Analysis, Insights and Forecast – By Segment 2
- 8.3.1. Sub-Segment 1
- 8.3.2. Sub-Segment 2
- 8.3.3. Sub-Segment 3
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Segment 3
- 8.4.1. Sub-Segment 1
- 8.4.2. Sub-Segment 2
- 8.4.3. Sub-Segment 3
- 8.4.4. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Gifts Retailing Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Segment 1
- 9.2.1. Sub-Segment 1
- 9.2.2. Sub-Segment 2
- 9.3. Market Analysis, Insights and Forecast – By Segment 2
- 9.3.1. Sub-Segment 1
- 9.3.2. Sub-Segment 2
- 9.3.3. Sub-Segment 3
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Segment 3
- 9.4.1. Sub-Segment 1
- 9.4.2. Sub-Segment 2
- 9.4.3. Sub-Segment 3
- 9.4.4. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Gifts Retailing Market Analysis (USD Billion), Insights and Forecast, 2018-2029
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Segment 1
- 10.2.1. Sub-Segment 1
- 10.2.2. Sub-Segment 2
- 10.3. Market Analysis, Insights and Forecast – By Segment 2
- 10.3.1. Sub-Segment 1
- 10.3.2. Sub-Segment 2
- 10.3.3. Sub-Segment 3
- 10.3.4. Others
- 10.4. Market Analysis, Insights and Forecast – By Segment 3
- 10.4.1. Sub-Segment 1
- 10.4.2. Sub-Segment 2
- 10.4.3. Sub-Segment 3
- 10.4.4. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2018
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.3.1. Company 1
- 11.3.1.1. Business Overview
- 11.3.1.2. Segment 1 & Service Offering
- 11.3.1.3. Overall Revenue
- 11.3.1.4. Geographic Presence
- 11.3.1.5. Recent Development
- 11.3.2. Company 2
- 11.3.3. Company 3
- 11.3.4. Company 4
- 11.3.5. Company 5
- 11.3.6. Company 6
- 11.3.7. Company 7
- 11.3.8. Company 8
- 11.3.9. Company 9
- 11.3.10. Company 10
- 11.3.11. Company 11
- 11.3.12. Company 12
- 11.3.1. Company 1
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
