Global Gifts Retailing Market Size study, by Product (Souvenirs and novelty items, Seasonal decorations, Greeting cards, Giftware, Other Gift items), by Distribution Channel (Offline, Online) and Regional Forecasts 2022-2032

Global Gifts Retailing Market Size study, by Product (Souvenirs and novelty items, Seasonal decorations, Greeting cards, Giftware, Other Gift items), by Distribution Channel (Offline, Online) and Regional Forecasts 2022-2032

Global Gifts Retailing Market is valued at approximately USD 13.21 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.12% over the forecast period 2024-2032. Gifts Retailing market is a key part of the retail industry and is committed to selling a wide range of gift products. This market offers a wide range of unique items, including bespoke gifts, luxury items, seasonal presents, and unique offerings that cater to the discerning tastes of consumers. Central to this market's ethos is an unwavering commitment to customer satisfaction, exemplified by exquisite packaging and the versatility to cater to diverse occasions such as birthdays, weddings, and holidays. Retailers in this market meticulously curate their merchandise to reflect current trends and consumer preferences, ensuring an engaging selection for in-store and online shoppers. The ability of gift-giving to evoke strong emotions is crucial to the market's success, fostering customer loyalty through delightful shopping experiences and strategic promotions, particularly during peak periods such as Christmas and Valentine's Day. The gifts market Retail is on the rise as customers look for unforgettable, one-of-a-kind products that are immersive and personalized. Trends are greatly influenced by social media and online platforms, which raises consumer demand for items with ethical and sustainable sourcing.

Increasing disposable incomes and evolving consumer lifestyles are driving up expenditures on non-essential products such as gifts. The rise in popularity of customized and hands-on gifts is driving demand, as customers look for distinct and unforgettable gifts. The expansion of e-commerce greatly improves market access, making it simple for clients to choose from a wide variety of presents. Gifts retailing sales are significantly impacted by weddings and holidays like Valentine's Day and Christmas. Retailers can now satisfy the expectations of today's consumers by offering personalized products and convenient shopping alternatives thanks to technological improvements. The advancement of social media amplifies market expansion by highlighting popular gifts and encouraging buying choices. However, the retail business has challenges in maintaining a diverse inventory of presents due to the swift alterations in consumer tastes and trends. . During times of high demand, such as holidays and special events, retailers must make precise predictions about demand and handle inventory levels efficiently. Failure to do so may lead to either an excess or a shortage of inventory, which would strain finances and operations and lower revenue and lower customer satisfaction.

The key regions considered for the global Gifts Retailing market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America dominates the Gifts Retailing Market because consumer spending in the region is high, allowing people to buy non-essential items such as gifts with their disposable income. The strong gift-giving culture in the region, which is intertwined with various holidays, events, and life milestones, continually drives demand. Furthermore, North America's established retail infrastructure, consisting of numerous physical stores and advanced online platforms, aids in the efficient distribution and availability of gift items. The availability of many major retailers and specialty gift shops increases the range of products and their accessibility. Creative marketing techniques and customer loyalty programs also promote regular gift buying, reinforcing the area's dominance in the market. On the other hand, Asia Pacific is the fastest growing region for Gifts Retailing market.

Major market player included in this report are:

Card Factory PLC

Bed Bath and Beyond Inc.

Alibaba Group Holding Ltd.

Amazon.com Inc.

American Greetings Corp.

Spencer Gifts LLC

The Walt Disney Co

Hallmark Cards Inc

Macys Inc

Shutterfly Inc

The detailed segments and sub-segment of the market are explained below:

By Product

Souvenirs and Novelty Items

Seasonal Decorations

Greeting Cards

Giftware

Other Gift Items

By Distribution Channel

Offline

Online

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

RoMEA

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.