Gifts Retailing Market Size (2024 - 2029)

The market size of the gifts retailing sector, an integral part of the global retail industry, experiences consistent growth due to the demand for gifts on various occasions throughout the year. The advent of e-commerce has notably impacted the market, expanding its reach and accessibility. Consumer trends are leaning towards eco-friendly, sustainable gifts, and experiential gifts, while corporate gifting remains a substantial segment within the industry. The COVID-19 pandemic significantly influenced the market, leading to a surge in online gift retailing due to social distancing measures and temporary closure of physical stores. However, supply chain disruptions posed challenges for the industry, affecting product availability and causing delivery delays.

Home Market Analysis Retail Research General Retail Research Gifts Retailing Market Market Size

Market Size of Gifts Retailing Industry

Gifts Retailing Market Summary
Study Period 2020 - 2029
Market Size (2024) USD 14 Billion
Market Size (2029) USD 17.13 Billion
CAGR (2024 - 2029) 4.12 %
Fastest Growing Market North America
Market Concentration Low

Major Players

Gifts Retailing Market Major Players

*Disclaimer: Major Players sorted in no particular order
setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Gifts Retailing Market Analysis

The Gifts Retailing Market size is estimated at USD 14 billion in 2024, and is expected to reach USD 17.13 billion by 2029, growing at a CAGR of 4.12% during the forecast period (2024-2029).

The gifts retailing market is a significant segment within the global retail industry, showing steady growth attributed to consistent demand for gifts across various occasions throughout the year. Key events such as birthdays, weddings, anniversaries, and holidays contribute to the sustained demand for gifts, driving the market forward.

Online platforms provide a diverse array of gifts, convenient delivery options, and the capability to send gifts globally. This has significantly broadened the market's accessibility and reach. The industry is witnessing an emerging trend towards eco-friendly and sustainable gifts, with consumers showing a preference for items made from recycled materials and ethically sourced products. Experiential gifts, including spa vouchers, travel packages, and event tickets, are gaining popularity as they focus on creating memorable experiences for recipients.

Corporate gifting is a crucial segment within the Gifts Retailing Market, with businesses purchasing gifts to express appreciation and strengthen professional relationships with clients, employees, and partners. Although the pandemic presented challenges and opportunities, the industry demonstrated resilience. With physical retail stores temporarily closed or operating at limited capacity, the shift to online shopping accelerated, leading to increased demand for gifts delivered directly to recipients' homes. While supply chain disruptions impacted certain gift items, the industry adapted to changing circumstances, emphasizing the enduring appeal and adaptability of the gifts retailing market.

Gifts Retailing Industry Segmentation

Gifts retailing refers to the sale of various products and items that are intended to be given as presents or gifts to others for special occasions, celebrations, or as gestures of goodwill. These products can range from traditional gifts such as greeting cards, flowers, and personalized items to more diverse options like electronics, fashion accessories, gourmet food baskets, and novelty gifts. 

Gifts retailing market is segmented by product, distribution channel, and geography. By product, the market is sub-segmented into souvenirs and novelty items, seasonal decorations, greeting cards, giftware, and other gift items. By distribution channel, the market is sub-segmented into offline and online. By geography, the market is sub-segmented into North America, Europe, Asia-Pacific, Middle-East and Africa, and Latin America. The report offers market size and forecasts for the gifts retailing market in value (USD) for all the above segments. 

By Product
Souvenirs and novelty items
Seasonal decorations
Greeting cards
Giftware
Other Gift items
By Distribution channel
Offline
Online
By Geography
North America
United States
Canada
Rest of North America
Europe
UK
Germany
France
Italy
Netherlands
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Rest of Asia-Pacific
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East and Africa
Latin America
Argentina
Brazil
Mexico
Rest of Latin America

Gifts Retailing Market Size Summary

The gifts retailing market, a significant sector of the global retail industry, is experiencing steady growth due to the constant demand for gifts for various occasions, including birthdays, weddings, anniversaries, and holidays. The rise of e-commerce has greatly impacted this market, offering a wide range of gifts and convenient delivery options, thus expanding the market's reach and accessibility. Trends in eco-friendly and sustainable gifts are on the rise, as are experiential gifts such as spa vouchers and travel packages. Corporate gifting is also a key segment within the gifts retailing market. The COVID-19 pandemic had a significant impact on the gifts retailing market, with consumers turning to online shopping due to physical retail stores having limited capacity or being temporarily closed. This accelerated the trend of online gift retailing. However, supply chain disruptions caused by factory closures and transportation restrictions impacted the availability of certain gift items. Major gift-giving occasions like Valentine's Day significantly impact the market, with personalized gifts seeing increased demand. Furthermore, an increase in sales at gift, novelty, and souvenir stores indicates a growing demand for gift items. The gifts retailing market is highly competitive, with players continuously innovating and adapting to changing consumer preferences and trends.

Explore More

Gifts Retailing Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Seasonal Occasions and Celebrations

      2. 1.2.2 E-commerce and Online Shopping

    3. 1.3 Market Restraints

      1. 1.3.1 Intense Competition

      2. 1.3.2 Changing Consumer Preferences and Trends

    4. 1.4 Insights on Consumer Behavior Analysis

    5. 1.5 Insights on Impact of technology in the Market

    6. 1.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.6.1 Bargaining Power of Buyers

      2. 1.6.2 Bargaining Power of Suppliers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitutes

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Souvenirs and novelty items

      2. 2.1.2 Seasonal decorations

      3. 2.1.3 Greeting cards

      4. 2.1.4 Giftware

      5. 2.1.5 Other Gift items

    2. 2.2 By Distribution channel

      1. 2.2.1 Offline

      2. 2.2.2 Online

    3. 2.3 By Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 UK

        2. 2.3.2.2 Germany

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Netherlands

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 India

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Indonesia

        6. 2.3.3.6 Malaysia

        7. 2.3.3.7 Rest of Asia-Pacific

      4. 2.3.4 Middle East & Africa

        1. 2.3.4.1 UAE

        2. 2.3.4.2 Saudi Arabia

        3. 2.3.4.3 Israel

        4. 2.3.4.4 South Africa

        5. 2.3.4.5 Rest of Middle East and Africa

      5. 2.3.5 Latin America

        1. 2.3.5.1 Argentina

        2. 2.3.5.2 Brazil

        3. 2.3.5.3 Mexico

        4. 2.3.5.4 Rest of Latin America

Gifts Retailing Market Size FAQs

The Gifts Retailing Market size is expected to reach USD 14 billion in 2024 and grow at a CAGR of 4.12% to reach USD 17.13 billion by 2029.

In 2024, the Gifts Retailing Market size is expected to reach USD 14 billion.

Gifts Retailing Market Report Snapshots

Gifts Retailing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)