Personalized Gifts Market Report 2024 (Global Edition)

Global Personalized Gifts Market Report 2024 Market Size Split by Product Type Outlook: (Personalized Clothing, Personalized Chocolates and Chocolate Platters, Personalized Accessories, Personalized D...

Personalized Gifts Market Report Description

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Competitive Landscape of the Personalized Gifts Market

In the Personalized Gifts Market's competitive landscape, numerous key competitors are driving innovation and growth. Companies are using a range of tactics to increase their market share, including partnerships, mergers and acquisitions, geographical growth, product/service launches, and strategic alliances. Market rivalry is encouraging technological and design innovations to create Personalized Gifts that fulfill both consumer wants and sustainability goals, keeping the market dynamic and competitive.

In April 2023, Online liquor retailer DC Wine & Spirit, with headquarters in the United States, unveiled its new collection of personalized gifts that include hand-painted and personalized champagne and wine bottles. (Source: chrome-extension://fheoggkfdfchfphceeifdbepaooicaho/html/site_status_block_page.html) In January 2024, Etsy, a well-known online retailer, introduced "Gift Mode," a state-of-the-art function that uses generative AI to provide customized gift recommendations. This innovation seeks to successfully accommodate individual preferences and improve the user experience. (Source: https://newyork.theaisummit.com/the-ai-summit-new-york-2024) In August 2023, Hershey India developed custom gift boxes for Raksha Bandhan that reflected consideration and care while also addressing the festival's traditional significance. (Source: https://bwmarketingworld.com/article/hershey-india-unveils-personalised-gift-packs-for-raksha-bandhan-489355)

Top Companies Market Share in Personalized Gifts Industry: (In no particular order of Rank)

• Cricut
• Photobox
• Printerpix
• Etsy
• Redbubble
• Personalization Mall
• Things Remembered
• Zazzle
• Snapfish
• Inked Gaming
• Custom Ink
• VistaPrint
• CafePress
• Minted
• Shutterfly
• Greetabl
• Not on the High Street
• Moonpig
• Papier
• Hallmark
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Personalized Gifts Market

Which Region Dominates the Personalized Gifts Market in 2024?

According to Cognitive Market Research, North America currently dominates the Personalized Gifts market, and the region is expected to have significant growth during the projected period. This is due to a long-standing trend of giving unique gifts. This tendency ensures continuing regional leadership in this industry by driving market growth as consumers look for more distinctive, customized products for a range of occasions.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR), due to rising disposable income and growing awareness of the advantages of personalized gifts. Due to shifting gifting preferences and a strong consumer trend toward customisation, this region is expected to grow at the fastest rate.

The current report Scope analyzes Personalized Gifts Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Personalized Gifts

According to Cognitive Market Research, the global Personalized Gifts Market size was estimated at USD 29614.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 11845.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Personalized Gifts Market with a market size of USD 9346.34 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. The U.S. market's Stringent governmental regulations against plastic pollution.
• The Canada Personalized Gifts Market had a market share of USD 1421.50 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Canada’s rising awareness among the population.
• The Mexico Personalized Gifts Market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 1077.97 million in 2024.

Europe Personalized Gifts

According to Cognitive Market Research, the global Personalized Gifts Market size was estimated at USD 29614.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 8884.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• The United Kingdom Personalized Gifts Market had a market share of USD 1492.57 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. In the UK, Personalized Gifts sales witness an upswing due to the increasing focus on cultural customs.
• The France Personalized Gifts Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 817.36 million in 2024.
• According to Cognitive Market Research, the German Personalized Gifts Market size was valued at USD 1759.10 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. In Germany, Personalized Gifts surged due to the Increased focus of the manufacturers and major market players.
• The Italy Personalized Gifts Market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 764.05 million in 2024.
• The Russia Personalized Gifts Market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 1377.07 million in 2024.
• The Spain Personalized Gifts Market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 728.52 million in 2024
• The Luxembourg Personalized Gifts Market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 275.41 million in 2024.
• The Portugal Personalized Gifts Market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 186.57 million in 2024.
• The Greece Personalized Gifts Market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 106.61 million in 2024.
• The Rest of Europe's Personalized Gifts Market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 1377.07 million in 2024.

Asia Pacific Personalized Gifts

According to Cognitive Market Research, the global Personalized Gifts Market size was estimated at USD 29614.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 6811.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Personalized Gifts Market size was valued at USD 3065.10 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. Personalized Gifts surged in China due to Increased focus of the manufacturers and major market players.
• The Japan Personalized Gifts Market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 939.96 million in 2024.
• The India Personalized Gifts Market had a market share of USD 817.36 million in 2024 and is projected to grow at a CAGR of 12.8% during the forecast period. India's rising awareness among the populations .
• The South Korean Personalized Gifts Market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 681.13 million in 2024.
• The Australian Personalized Gifts Market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 354.19 million in 2024.
• The South East Asia Personalized Gifts Market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 469.98 million in 2024.
• The Rest of Asia Pacific Personalized Gifts Market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 483.60 million in 2024.

South America Personalized Gifts

According to Cognitive Market Research, the global Personalized Gifts Market size was estimated at USD 29614.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 1480.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Personalized Gifts Market size was valued at USD 633.75 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. Personalized Gifts flourished in Brazil due to increasing demand for eco-friendly materials.
• Argentina's Personalized Gifts Market had a market share of USD 248.76 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. Argentina's rising middle class, which wants distinctive, personalized items for holidays, weddings, and birthdays.
• Colombia Personalized Gifts Market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 131.78 million in 2024.
• Peru Personalized Gifts Market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 121.42 million in 2024.
• Chile Personalized Gifts Market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 106.61 million in 2024.
• The Rest of Latin America's Personalized Gifts Market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 238.40 million in 2024.

Middle East and Africa Personalized Gifts

According to Cognitive Market Research, the global Personalized Gifts Market size was estimated at USD 29614.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 592.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031..

• The GCC Countries Personalized Gifts Market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 253.50 million in 2024. Personalized Gifts sales flourish due to the presence of major market players.
• The Egypt Personalized Gifts Market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 62.199 million in 2024.
• The South Africa Personalized Gifts Market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 93.58 million in 2024. Personalized Gifts sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Personalized Gifts Market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 50.94 million in 2024.
• The Nigeria Personalized Gifts Market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 62.19 million in 2024.
• The Rest of the MEA Personalized Gifts Market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 69.89 million in 2024.

Personalized Gifts Market Analysis

How are Segments Performing in the Global Personalized Gifts Market?

Personalized Gifts Market Product Type Segment Analysis

According to Cognitive Market Research, chocolates are likely to dominate the Personalized Gifts Market over the forecast period. Made from cacao beans, chocolate is available in a variety of forms, including coated nuts, solid blocks, and truffles. It is well-known for its rich flavor, adaptability, and ease of molding or decorating, which makes it the perfect material for constructing one-of-a-kind and personalized gifts. Custom-shaped chocolate bars, coated almonds, chocolate truffles, molded chocolates, and other varieties are examples of personalized chocolates.

The non-photo personalized gifts are the fastest-growing segment in the Personalized Gifts Market. The growing market for personalized gifts is fueled by a variety of non-photo personal products and innovative features that vendors are introducing to make customized gifts more appealing to consumers. As a result, the non-photo personalized gifts segment holds a significant portion of the market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Personalized Gifts Industry. Request a Free Sample PDF!

Personalized Gifts Market End user Segment Analysis

According to Cognitive Market Research, the unisex gifts segment holds the largest share of the market. A large variety of gift goods that are appropriate for both men and women are included in the unisex area of the personalized gifts market. Because they are not gender-specific, unisex gifts are a great option for friends, family, and coworkers.

In the Personalized Gifts Market, the Women gifts has been expanding at a rapid pace. The market for personalized gifts for women comprises female buyers who buy personalized products for themselves or as gifts for other people. Unlike other consumer groups, women have unique characteristics, preferences, and buying habits. To show off their individuality and sense of flair, they like personalizing items.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Personalized Gifts Distribution Channel Outlook: Segment Analysis

Personalized Gifts Market Distribution Channel Segment Analysis

According to Cognitive Market Research, The Offline sales segment holds the largest market share. Customers can choose the products themselves through this channel, giving them a tactile experience before they buy. Through direct communication with their clients through offline sales channels, manufacturers can learn about their expectations, preferences, and tastes.

In the Personalized Gifts Market, the rapidly growing sector is the Online sales category. Online sales platforms provide a number of benefits that draw in both manufacturers and customers. From a manufacturer's point of view, internet sales channels offer a chance to reach more people and grow their clientele outside regional marketplaces.

• Online Distribution Channel
• Offline Distribution Channel

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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