Global Gifts Novelty and Souvenirs Market Growth 2023-2029

Global Gifts Novelty and Souvenirs Market Growth 2023-2029

Brick-and-mortar retail and online retail form two key channels for the retail industry. A wide range of products is sold as gifts, novelty, and souvenirs in the global retail market. Based on the product offerings of the major global gift retail players, the products can be divided into five major segments: souvenirs and novelty items, seasonal decoration, greeting cards, giftware, and other products. The other products segment includes accessories, candles, ceramics/pottery, collectibles, gift books, gift packaging, jewelry, personal care, photo frames, plush products, stationery, and wall art.

LPI (LP Information)' newest research report, the “Gifts Novelty and Souvenirs Industry Forecast” looks at past sales and reviews total world Gifts Novelty and Souvenirs sales in 2022, providing a comprehensive analysis by region and market sector of projected Gifts Novelty and Souvenirs sales for 2023 through 2029. With Gifts Novelty and Souvenirs sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gifts Novelty and Souvenirs industry.

This Insight Report provides a comprehensive analysis of the global Gifts Novelty and Souvenirs landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gifts Novelty and Souvenirs portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gifts Novelty and Souvenirs market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gifts Novelty and Souvenirs and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gifts Novelty and Souvenirs.

The global Gifts Novelty and Souvenirs market size is projected to grow from US$ 92900 million in 2022 to US$ 112170 million in 2029; it is expected to grow at a CAGR of 112170 from 2023 to 2029.

The global gifts novelty and souvenirs market witnessed the highest demand from Europe, which emerged as the highest revenue contributor in the market. Factors such as the growing tourism industry in the region and the increasing demand for premium-priced and customized gifts in the UK, France, Italy, Spain, and Germany contributed to the growth of the market. The other key geographies analyzed were the Americas, APAC, and MEA.

This report presents a comprehensive overview, market shares, and growth opportunities of Gifts Novelty and Souvenirs market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Souvenirs and Novelty
Seasonal Decorations
Greeting Cards
Giftware
Others

Segmentation by application
Online Retail
Offline Retail

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
American Greetings
Card Factory
Hallmark
Spencer Gifts
Alibaba Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Gifts Novelty and Souvenirs market?

What factors are driving Gifts Novelty and Souvenirs market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Gifts Novelty and Souvenirs market opportunities vary by end market size?

How does Gifts Novelty and Souvenirs break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.