Global Personalized Gifts Market Size By Product, By Distribution Channel, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Personalized Gifts Market Size By Product, By Distribution Channel, By Geographic Scope And Forecast
Personalized Gifts Market Size And Forecast
Personalized Gifts Market size was valued at USD 28.27 Billion in 2024 and is projected to reach USD 59.24 Billion by 2031, growing at a CAGR of 9.69% from 2024 to 2031.
The growth and expansion of the FMCG industry, especially in developing economies, the increase in birthdays, anniversaries, and other similar occasions, the increasing speed of digitization, and the rise in income are the factors driving the market growth of the Personalized Gifts Market. The Global Personalized Gifts Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Personalized Gifts Market Definition
A personal gift means something given from one individual to another to create or strengthen an intimate relationship. Gifts are given privately without the knowledge or understanding of the individual. It is perfect for any occasion. A customized gift explicitly made for a person by having their name or photo engraved or printed on cushions, picture frames, mugs, key chains, or pens.
After much thought and effort, it lets the recipient know that this gift is specially designed and chosen. A personalized gift allows people to realize their relationships and share a special bond with someone they love. That’s what a personalized gift does – establish a connection, celebrate, and strengthen it over time. Indeed, that person will never forget how much you love them.
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Global Personalized Gifts Market Overview
The primary factor driving market growth is the increasing number of personalized gift services daily, and the rising consciousness of individuals to give handmade gifts to their friends, family, or relatives are factors driving the market growth of the Personalized Gifts Market. The increasing trend of parties and celebrations, especially among young people, the growing recognition of culturally diverse celebrations and festivals, and the expansion of the gift trade between buyers will create many lucrative growth opportunities for the market.
So, what's making the Personalized Gifts Market tick? Well, you've got a bunch of things like more places selling offline, cooler production methods, and everyone wanting those eco-friendly handmade gifts. Plus, folks are doing better financially, and online shopping is everywhere. But, it's not all sunshine and rainbows! Companies are feeling the price pinch, and those commodity prices are all over the place. Being a seasonal business hurts, and let's be real, personalized gifts can be pricey. Also, getting stuff out to remote areas is tough because of weak distribution networks, and just sourcing materials, managing stores, and promoting everything can be a real headache, which all kinda limits how much the market can actually grow.
Global Personalized Gifts MarketSegmentation Analysis
The Global Personalized Gifts Market is segmented on the basis of Product, Distribution Channel, And Geography.
Personalized Gifts Market, By Product
Non-photo personalized gifts
Photo personalized gifts
Based on Product, The market is segmented into Non-photo personalized gifts and Photo personalized gifts. The Non-photo personalized gifts segment holds a large number of shares in the market because the increasing demand encourages vendors to introduce innovative features to make customized gifts more attractive to buyers and a wide range of non-photo personal products, which is the factor that boosts the market growth of the Personalized Gifts Market.
Personalized Gifts Market, By Distribution Channel
Online
Offline
Based on the Distribution Channel, The market is segmented into Online and Offline. The Online segment holds a large number of shares in the market because the increasing number of e-commerce vendors and growing penetration of smartphones across the globe is the factor that boosts the market growth of the Personalized Gifts Market.
Personalized Gifts Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
On the basis of Geography, The Global Personalized Gifts Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The North American region holds a large number of shares in the market because the widespread popularity of the gift culture in the region encourages many sellers to offer additional promotions to help their customers purchase personalized gifts at a lower cost. Also, many regional vendors utilize advanced technology solutions to personalize gifts, which is the factor that increased the market growth of the Personalized Gifts Market.
Key Players
The “Global Personalized Gifts Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are American Greetings Corporation, Redbubble, Spencer Gifts, Card Factory, Etsy Inc., CafePress Inc., Personalization Mall, Hallmark Cards Inc., American Stationery, and Archies Limited.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
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