Personalized Gifts Market Research Report Information by Product Type (Edibles, Photo Frames & Home Décor, Personalized Accessories, Others), End User (Men, Women, Unisex, Kids), Distribution Channel (Offline, Online) Industry Forecast Till 2032

Personalized Gifts Market Research Report Information by Product Type (Edibles, Photo Frames & Home Décor, Personalized Accessories, Others), End User (Men, Women, Unisex, Kids), Distribution Channel (Offline, Online) Industry Forecast Till 2032

In 2023, the market size of personalized gifts was estimated to be USD 30,754.10 million. The Global Personalized Gifts industry is anticipated to experience a compound annual growth rate (CAGR) of 6.5 percent from 2024 to 2032, resulting in a total value of USD 53,948.50 million.

Numerous trends are anticipated to stimulate the expansion of the personalized gifts industry, which is a reflection of evolving business strategies, technological advancements, and altering consumer preferences. A developing interest in gifts that are produced through eco-friendly processes or crafted from sustainable materials is a result of the increasing environmental consciousness of consumers. Personalized items that are made from recycled materials or have minimal environmental impact are becoming increasingly popular, which is consistent with the broader global trend toward sustainable practices. Additionally, it is anticipated that the personalized gifts market will experience growth as a result of the integration of advanced technologies such as AR and VRs. These technologies provide consumers with interactive and immersive experiences, enabling them to visualize personalized products prior to making a purchase.

Market segment insights
The Personalized Gifts Market has been segmented into consumables, photo frames & home décor, personalized accessories, and others based on product type.
The Personalized Gifts Market has been segmented into four categories: men, women, unisex, and children, based on the end consumer.
The Personalized Gifts Market has been split into two segments: online and offline, as determined by the distribution channel.

Regional Perspectives
In 2022, the North American region was valued at USD 10,030.1 million. It is anticipated that entities operating in the region will generate an absolute dollar opportunity of USD 6,495.31 million between 2023 and 2032. The revenue generated from three countries—the United States, Canada, and Mexico—is represented by the region.

In 2023, the region held a 30.16% market share and is expected to reach USD 16,218.1 million by 2032. The analysis of the Europe region encompasses the performance of Germany, the UK, France, Spain, Italy, and the Rest of Europe countries in the sales and distribution of personalized gifts. The European populace has a long-standing predilection for hand-made and intricate products, which can be attributed to the continent's rich cultural heritage and artisanal craftsmanship.

The Asia-Pacific region is a substantial contributor to the Personalized Gifts Market, with a substantial young adult population in India and China. The regional market is significantly influenced by the swiftly expanding economies and vast populations of these two countries.

The practice of gift-giving is of immense cultural significance in the Middle East and Africa (MEA) region, which includes Northern Africa, Southern Africa, Turkey, and the Gulf Cooperation Council (GCC) countries.

Major Players
Key Companies in the Personalized Gifts Market Include Mondelēz International, Inc., Mars Incorporated, The Walt Disney Company, The Coca-Cola Company, Marks and Spencer Group plc, Ferrero Group, Shutterfly, Dylan's Candy Bar, Custom Gift Co - Executive Online Retail Ltd, and Masilo.