The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Personalized Gifts Global Market Report 2024, the personalized gifts market is expected to show significant growth in the forecast period.

Market Size and Growth

• The personalized gifts market has experienced robust growth recently.
• In 2023, the market size was $26.18 billion and is projected to reach $28.47 billion in 2024, growing at a CAGR of 8.7%.
• This growth is driven by the increasing demand for unique and customized products, advancements in personalization technology, and the rise of e-commerce platforms.

Future Market Predictions

• The market is expected to expand significantly in the coming years.
• By 2028, the market size is anticipated to grow to $40.02 billion, with a CAGR of 8.9%.
• Factors contributing to this growth include higher spending capacity, social media influence, and the popularity of personalized gifts.

View More On The Personalized Gifts Market Report 2024 – https://www.thebusinessresearchcompany.com/report/personalized-gifts-global-market-report

Trends Shaping the Future

• Major trends include personalized apparel, home décor, custom-made jewelry, tech gadgets, beauty and skincare products, food and beverage items, and stationery.
• Data analytics for targeted marketing will play a crucial role in driving these trends.

Festive Season Gifting

• Festive season gifting is a significant driver of the personalized gifts market.
• Consumers increasingly prefer personalized gifts during holidays for their sentimental value and ability to create lasting memories.
• A 2023 survey indicated that winter holiday celebrants plan to spend an average of $875 on seasonal items, with $620 reserved for gifts, showing an increase from 2022.

Key Market Players

• Major companies in the market include Amazon.com Inc, Hallmark Cards Inc., Pandora A/S, Swarovski AG, Michael Kors Holdings Limited, Tiffany and Company, Etsy Inc., and more.
• These companies are focusing on innovative solutions to enhance customer experience and drive sales.

Advancements in AI

• Companies are leveraging AI to offer tailored gift recommendations.
• For instance, Etsy Inc. launched Gift Mode, an AI-based service that curates personalized gift ideas based on recipient preferences using machine learning and human curation.
• Such advancements enhance the customer experience and boost market growth.

Corporate Gifting Enhancements

• In February 2024, Sendoso acquired Alyce Inc., aiming to enhance AI-driven personalization in corporate gifting.
• This acquisition will strengthen their capabilities in providing personalized corporate gifts.

Market Segmentation

• The market is segmented by type (e.g., personalized clothing, chocolate platters, accessories), distribution channel (online, offline), and end-user (women, unisex, kids, men).
• Europe was the largest region in 2023, while North America is expected to be the fastest-growing region during the forecast period.

The personalized gifts market is poised for continued growth, driven by consumer demand for unique and meaningful gifts, technological advancements, and strategic acquisitions in the industry.

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The Personalized Gifts Global Market Report 2024  provides an in-depth analysis on the personalized gifts market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the personalized gifts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Corporate Gifting Global Market Report 2024
Personalized Nutrition Global Market Report 2024
Next-Generation Personalized Beauty Global Market Report 2024

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