North America Food Gifting Market
North America Food Gifting Market By Applications (Corporate, Individual), By Type (Chocolate or Candies, Sweet Baked Foods, Coffee/Tea/Hot Chocolate, Nut/Salty Snack Foods, Others), By Sales Channel (E-commerce, Brick and Mortar) And By Geography – Covid-19 Impact Analysis, Post Covid Analysis, Opportunities, Trends And Forecast From 2024 to 2034
The North American Food Gifting market was valued at $12,254.8 million in 2023 and is anticipated to grow at a CAGR of 6.41% from 2024 to 2034. This growth is attributed to several macro and microeconomic factors such as
The rising demand for premium and artisanal food items
The rising demand for premium and artisanal food items is indeed a significant factor propelling the growth of the North American food gifting market. Consumers increasingly seek high-quality, unique, and gourmet food products to gift to their friends, family, and colleagues. This demand is driven by various factors such as the desire for experiential gifts, the popularity of food culture, and the inclination towards supporting local and small-scale producers. Additionally, the appeal of premium and artisanal food items lies in their perceived quality, authenticity, and often, their association with luxury and indulgence. As a result, businesses in the food gifting industry are focusing on offering a diverse range of upscale and handcrafted products to cater to this growing market segment.
Further several factors restraining the market growth include
Decline in brick-and-mortar store sales
The decline in brick-and-mortar store sales is indeed a significant factor restraining the growth of the North American food gifting market. With the rise of e-commerce and changing consumer preferences, traditional brick-and-mortar stores face challenges in maintaining foot traffic and sales. This decline affects various aspects of the food gifting market, including reduced visibility and accessibility of products, limitations in showcasing unique offerings, and higher operational costs associated with maintaining physical stores. As a result, businesses in this market may need to adapt by focusing more on online channels and enhancing their digital presence to overcome this constraint and tap into the potential of the food gifting industry.
Premiumization of Gift Offerings and collaborations and alliances in the Food Gifting market are expected to generate higher avenues during the forecast period.
In the wake of the COVID-19 pandemic, supply chain disruptions have led to supply shortages or lower demand in the food-gifting market. The pandemic has caused a decline in new orders and a corresponding decrease in Pressure.
This section will analyze how COVID-19 has impacted supply chains, leading to shortages and lower demand for Food Gifting.
In terms of COVID-19 impact, the Food Gifting market report also includes the following data points:
Impact on Food Gifting market size
Operating Weights Trend, Preferences, and Budget Impact
Regulatory Framework/Outdoor Policies
Key Players' Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in the Food Gifting market
Key Insight in the report:
The North America Food Gifting market report covers an executive summary, market dynamics, COVID impact & post-COVID scenario, market size and forecast, competitive intelligence, market positioning, and Pressures.
Our report covers extensive competitive intelligence which includes the following data points:
Business Overview
Business Segment Data
Financial Data
Pressure Segment Analysis and Specification
Recent Development and Company Strategy Analysis
SWOT Analysis
Food Gifting Market Segmentation:
Application
Corporate
Individual
Type
Chocolate or Candies
Sweet Baked Foods
Coffee/Tea/Hot Chocolate
Nut/Salty Snack Foods
Others
Sales Channel
E-commerce
Brick and Mortar
Region/ Countries Covered:
North America
US
Canada
Mexico
Key Players Analyzed in the Report:
Harry & David
Russell Stover Candies
Edible Arrangements
Jeni’s Splendid Ice Creams
Nothing Bundt Cakes
Popcornopolis
The Fruit Company
- CHAPTER 1. Executive Summary
- CHAPTER 2. Scope of the Study
- 2.1. Market Definition
- 2.2. Market Scope & Segmentation
- 2.2.1. Objective of Report
- CHAPTER 3. Evolve BI Methodology
- 3.1. Data Collection & Validation Approach
- 3.2. Market Size Estimation and Forecast
- CHAPTER 4. Market Insights and Trends
- 4.1. Value Chain Analysis
- 4.1.1. Suppliers
- 4.1.2. Manufacturers
- 4.1.3. Retailers
- 4.1.4. End User
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Bargaining Power of Buyers
- 4.2.2. Bargaining Power of Suppliers
- 4.2.3. Threat of New Entrant
- 4.2.4. Threat of Substitute
- 4.2.5. Industry Rivalry
- 4.3. COVID-19 Impact and Post-COVID Scenario on Food Gifting Market
- 4.3.1. Impact of COVID-19
- 4.3.2. Government Support and Industry Revival Policies
- 4.3.3. Post COVID Trend
- CHAPTER 5. Market Dynamics
- 5.1. Introduction
- 5.2. Drivers
- 5.2.1. The rising demand for premium and artisanal food items
- 5.2.2. Growth in the e-commerce industry
- 5.3. Restraints
- 5.3.1. Decline in brick-and-mortar store sales
- 5.4. Opportunity
- 5.4.1. Premiumization of Gift Offerings
- CHAPTER 6. North America Food Gifting Market, By Application
- 6.1. Introduction
- 6.1.1. Corporate
- 6.1.2. Individual
- CHAPTER 7. North America Food Gifting Market, By Type
- 7.1. Introduction
- 7.1.1. Chocolate or Candies
- 7.1.2. Sweet Baked Foods
- 7.1.3. Coffee/Tea/ Hot Chocolate
- 7.1.4. Nut/Salty Snack Foods
- 7.1.5. Others
- CHAPTER 8. North America Food Gifting Market, By Sales Channel
- 8.1. Introduction
- 8.1.1. Ecommerce
- 8.1.2. Brick and Mortar
- CHAPTER 9. North America Food Gifting Market, By Region
- 9.1. Introduction
- 9.1.1. North America: Market Size and Forecast, By Country, 2021 – 2034 ($ Million)
- 9.1.2. US
- 9.1.2.1. US: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 9.1.2.2. US: Market Size and Forecast, By Type, 2021 – 2034 ($ Million)
- 9.1.2.3. US: Market Size and Forecast, By Sales Channel, 2021 – 2034 ($ Million)
- 9.1.3. Canada
- 9.1.3.1. Canada: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 9.1.3.2. Canada: Market Size and Forecast, By Type, 2021 – 2034 ($ Million)
- 9.1.3.3. Canada: Market Size and Forecast, By Sales Channel, 2021 – 2034 ($ Million)
- 9.1.4. Mexico
- 9.1.4.1. Mexico: Market Size and Forecast, By Application, 2021 – 2034 ($ Million)
- 9.1.4.2. Mexico: Market Size and Forecast, By Type, 2021 – 2034 ($ Million)
- 9.1.4.3. Mexico: Market Size and Forecast, By Sales Channel, 2021 – 2034 ($ Million)
- CHAPTER 10. Competitive Landscape
- 10.1. Competitior Benchmarking 2023
- 10.2. Market Share Analysis, 2022
- 10.3. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players
- CHAPTER 11. Company Profiles
- 11.1. Jeni’s Splendid Ice Creams
- 11.1.1. Business Overview
- 11.1.2. Product Portfolio
- 11.1.3. SWOT Analysis
- 11.2. Marilyn’s Gourmet
- 11.2.1. Business Overview
- 11.2.2. Product Portfolio
- 11.3. Popcornopolis
- 11.3.1. Business Overview
- 11.3.2. Product Portfolio
- 11.4. The Fruit Company
- 11.4.1. Business Overview
- 11.4.2. Product Portfolio
- 11.5. Maple Ridge Farms
- 11.5.1. Business Overview
- 11.5.2. Product Portfolio
- 11.6. Harry & David
- 11.6.1. Business Overview
- 11.6.2. Financial Analysis
- 11.6.2.1. Business Segment Revenue 2023, $ Million
- 11.6.3. Product Portfolio
- 11.6.4. Recent Development and Strategies Adopted
- 11.6.5. SWOT Analysis
- 11.7. EDIBLE ARRANGEMENTS
- 11.7.1. Business Overview
- 11.7.2. Product Portfolio
- 11.7.3. SWOT Analysis
- 11.8. RUSSELL STOVER CANDIES.
- 11.8.1. Business Overview
- 11.8.2. Product Portfolio
- 11.8.3. SWOT Analysis
- 11.9. NOTHING BUNDT CAKES
- 11.9.1. Business Overview
- 11.9.2. Product Portfolio
- 11.9.3. SWOT Analysis
- 11.10. Hickory Farms
- 11.10.1. Business Overview
- 11.10.2. Product Portfolio
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