PUBLISHER: Market Research Future | PRODUCT CODE: 1738228
PUBLISHER: Market Research Future | PRODUCT CODE: 1738228
Report Information on U.S. All Year Gifting Market Research by Occasion Type (Birthdays, Spontaneous Gifts, Wedding, Religious and others), by Category (Prepackaged Food Gifts Food Baskets and Assortments, Specialty Food Items, Snack Foods, Unique and Novelty Gifts, Others (Artificial Plants)), by Type (Corporate and Personal Gifting), by Pricing (Economy & Premium), by End User (Men, Women, Unisex & Kids), by Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online, and others) Forecast to 2032
The US all-year gifting market was estimated to be worth USD 1,745.5 billion in 2023 and is projected to reach USD 3,185.0 billion in 2032 at a compound annual growth rate (CAGR) of 6.97%.
The market for all-year gifts in the US is expanding remarkably and doesn't appear to be slowing down. This increase is being caused by several causes, including the growing significance of personalization, the popularity of e-commerce, and an emphasis on sustainable practices. The industry keeps growing across a range of demographics and events as gifting becomes an essential component of business, cultural, and personal expressions.
The quick development of e-commerce is a major factor in this expansion. Online platforms, which offer unmatched ease, accessibility, and customisation, have completely changed the giving industry. These platforms make gifting simpler and more enticing by offering features like same-day delivery, carefully chosen gift bundles, and personalized notes to a wide range of customers.
Another important element influencing the market is personalization. Presents that exhibit thoughtfulness and uniqueness appeal to modern buyers. Products like personalized jewelry, accessories with monograms, and gift boxes with custom designs have gained a lot of popularity. Businesses should focus on millennials and Gen Z because they appreciate the emotional connection and individuality that personalized gifts provide.
An Analysis of Market Segments
The US All Year Gifting industry is further divided into categories such as birthdays, weddings, religious occasions, and spontaneous gifts, among others, based on the type of celebration.
The US All Year Gifting market is separated into the following categories: Prepackaged Food Gifts Snack foods, speciality foods, baskets and assortments of food, unusual and creative presents, and other items (artificial plants). Boxed chocolates, boxed candies, cheese assortments, and coffee/tea/hot chocolate gifts are further subdivided under the Prepackaged Food Gifts Food Baskets category.
The market is divided into corporate and personal gifting based on kind.
The US All Year Gifting market is further divided into Economy & Premium based on price.
The market is further divided into males, women, unisex, and children based on the end user.
The US All Year Gifting market is further divided into Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Online, and others based on the distribution channel.
The Northeast, Southwest, West, Southeast, and Midwest regions make up the US All Year Gifting market. The Northeast area is anticipated to develop at the fastest rate during the forecast period, with a compound annual growth rate (CAGR) of 9.2%, while the Southeast region held a 25.69% share of the US All Year Gifting market in 2023.
1-800-FLOWERS.COM, Inc., Edible Arrangements, Ferrero Group, Mars Incorporated, Godiva Chocolatier, Nestle USA, The Kraft Heinz Co (Planters), Lindt & Sprungli, The Hershey Company, and Blue Diamond Almonds are the major companies in the US All Year Gifting business.