Global Personalized Gifts Market, By Product Type (Personalized Clothing, Personalized Chocolates and Chocolate Platters, Personalized Accessories, Personalized Gifts for Kids, Personalized Diaries and Desk Accessories, Personalized Photo Frames and Wall Decoration and Others), End User (Women, Unisex, Kids and Men), Distribution Channel (Online Distribution Channel and Offline Distribution Channel), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights of Personalized Gifts Market
Data Bridge Market Research analyses that the global personalized gifts market will project a CAGR of 9.40% for the forecast period of 2022-2029. Growth and expansion of fast moving consumables goods industry especially in the developing economies, rising number of celebrations of birthdays, anniversaries, and other such occasions, growing rate of digitization and increasing personal disposable income are the major factors attributable to the growth of personalized gifts market.
From the name itself, it is clear that personalized gifts are the gifts or presents that are designed or prepared as per one’s choice, taste, preference, requirement or expectation. Personalized gifts are prepared on the basis of assortment of styles, shadings, and strategies as per an individual’s inclination. Personalized gifts may include photographs, bouquets and flowers, handmade cards, paintings and much more.
Surging number of personalized gift services on daily basis and rising consciousness of individuals to give handmade gifts to their friends, family or relatives are the major factors fostering growth of the market. Rising trend of parties and celebrations especially among the youngsters, surging acknowledgment of culturally diverse celebrations and festivities and expanding pattern of gift trade among shoppers will further create lucrative growth opportunities for the market. Rising number of offline distribution channels, growing adoption of modern manufacturing processes and technology, growing preferences towards eco-friendly handmade gifts, improving living standard of the people and increasing penetration of e-commerce platforms are other important factors bolstering the market growth rate.
However, intense pricing pressure over the players and fluctuations in the prices of raw materials will pose a major challenge to the growth of market. Seasonal nature of this business and high costs of customized gifts will further derail the market growth rate. Lack of strong distribution network in the backward areas and complexities associated with stock, store network, and promoting the board will further restrict the scope of growth of the market.
This personalized gifts market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on personalized gifts market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Personalized Gifts Market Scope and Market Size
The personalized gifts market is segmented on the basis of product type, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the personalized gifts market is segmented into personalized clothing, personalized chocolates and chocolate platters, personalized accessories, personalized gifts for kids, personalized diaries and desk accessories, personalized photo frames and wall decoration and others.
- On the basis of end user, the personalized gifts market is segmented into women, unisex, kids and men.
- Based on distribution channel, personalized gifts market is segmented into online distribution channel, and offline distribution channel. Offline distribution channel has been further segmented into super markets, hyper markets specialty stores, convenience stores, and departmental stores. Online distribution channel has been further segmented into company owned websites and e-commerce platforms.
Personalized Gifts Market Country Level Analysis
The personalized gifts market is analyses and market size, volume information is provided by country, product type, end user and distribution channel as referenced above.
The countries covered in the personalized gifts market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America is dominating the personalized gifts market and will continue to owing to the earliest trend of exchanging customized gifts. Asia-Pacific will continue to undergo substantial gains during the forecast period and score the highest growth rate owing to the rising awareness among the people regarding the benefits of personalized gifts and improving personal disposable income.
The country section of the personalized gifts market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Personalized Gifts Market Share Analysis
The personalized gifts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to personalized gifts market.
Some of the major players covered in the personalized gifts market are AGC Inc.., CafePress, Sportswift Limited t/a Card Factory, Cimpress, Disney., Hallmark, Shutterfly, Inc., Marks and Spencer plc (UK), Zazzle Inc., Signature Gifts, Redbubble, Etsy, Inc., Bed Bath & Beyond Inc., Enesco, LLC, Personal Creations, Snapfish, Uncommon Goods LLC, Things Remembered and Funky Pigeon among others.
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