Personalized Gifts Market Research Report—Global Forecast till 2030

Personalized Gifts Market Research Report: Information by Product Type (Personalized Clothing, Personalized Chocolates & Chocolate Platters, Personalized Accessories, Personalized Gifts for Kids, Personalized Diaries & Desk Accessories, Personalized Photo Frames & Wall Decorations), End User (Men, Women, Unisex, and Kids), Distribution Channel (Store-Based and Non-Store-Based), and Region (North America, Europe, Asia-Pacific and Rest of the World) —Forecast till 2030

ID: MRFR/CR/8870-CR | November 2022 | Region: Global | 110 Pages         

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Personalized Gifts Market

Personalized gifts market size is expected to register a CAGR of 5.75% to reach USD 42,187.3 million by 2030.

Segmentation
By Product Type Personalized Clothing Chocolate Platters Personalized Accessories Personalized Diaries Desk Accessories Others
By End-User Women Unisex Kids Men
By Distribution Channel Store-Based Non-Store-Based
By Region North America Europe Asia-Pacific Rest of the World
Key Players
Companies Profiled   Archies Limited (India)   Redbubble (Australia)   Spencer Gifts (US)   Etsy Inc. (US)   American Greetings Corporation (US)   Hallmark Cards Inc. (US)   Card Factory (UK)   American Stationery (US)   CafePress Inc. (US)   Personalization Mall (US)
Drivers
Market Driving Forces   Increasing Trend Of Gift-Exchange    Rising Demand For 3d-Printed Gifts
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Personalized Gifts Market Overview


Global personalized gifts market size is projected to register a CAGR of 5.75% and reach a value of USD 42,187.3 million by 2030. Personalized gifts are those gifts that include an individual’s name or initials onto it. A variety of styles, colors, and techniques can be used to accommodate personal preferences. Personalized gifts come in several types, which include clothing, accessories, diaries & desk accessories, photo frames & wall decoration, and chocolate & chocolate platters.


Market Dynamics


The Global Personalized Gifts Market is expected to grow at a CAGR of 5.75% during the forecast period 2022-2030. The growing trend of exchanging gifts is the major factor driving the market growth. Also, the rising demand for 3D printed gifts boosts the growth of the personalized gifts market. Rising consumer awareness for eco-friendly gifts creates an opportunistic market for the market players. The growth of the e-commerce industry in Asia-Pacific is also projected to propel the market growth in the coming years. However, higher prices of personalized gifts are restricting the growth of the market


Drivers:



  • Rising Demand for 3D-Printed Gifts


Personalization of gifts has emerged as a significant trend that is expected to explode in the coming years. A 3D print on day-to-day items such as mugs, caps, t-shirts, and photo album is in high demand among the consumers. A 3D printed gift is not only preferred in personal gifting but also corporate gifting. The demand for 3D printed gifts has heightened with the application of online printing software in sectors of personalized gifting. In personal gifting, customers tend to customize gifts by uploading their designs, logos, or a personal joke. Such products make for the finest gifts for days like birthdays, anniversaries, and work anniversaries, among others. Apart from personal gifting, the 3D printed gifts have high potential in the corporate gifting sector. The demand for personalized corporate kits, stationery, merchandise, and t-shirts with 3D print is increasing at a rapid pace. 3D printing has also made its impact on the chocolate industry, which is one of the most preferred gifts for any occasion. Companies such as Hershey, Nestlé, Mars Inc., and Mondelez International have been experimenting with 3D printed chocolate for the last few years, and 3D printing brings creativeness and innovation to the industry. Also, continuous innovation in 3D printing technologies and the adoption of advanced technologies by the key players to compete in the market is assisting in improving the quality and quantity of the products in the market. This will further boost the market growth during the forecast period.


Restraint:



  • Higher Prices of the Product


Personalized gifts tend to be higher in prices compared to generalized gifts. The high-quality equipment used to print and design the desired picture, name, initials, or message for the receiver on the product, adds to the cost of the product. Moreover, personalized products are mainly intended to be delivered in short notice, which increases the price of the product with additional high delivery charges. Also, to be competitive in the market with innovative products and speed in product designing to fulfill the increasing demand on time, the manufacturers adopt advanced technologies. This results to an increased cost of production. This acts as a restraint for the market as the consumers are price sensitive in the gifting section. This factor is mainly restricting market growth in developing and underdeveloped nations.


Opportunities:



  • Increasing Awareness of Eco-Friendly Gifts


People across the globe are becoming highly aware of the importance of the environment. The environmental concerns have increased to a greater extent, and with that, the concept of eco-friendly or going eco-friendly has progressed. This is giving rise to sustainable and eco-friendly products among consumers. However, the market of eco-friendly gifts is still not successful enough in grabbing the attention of the consumers due to the limited availability of eco-friendly gifting products in the market. Eco-friendly gifts can be a nice way to make friends or family feel special while also showing care about the environment. Some of the eco-friendly gifts might include candles, eco-friendly mobile phone covers, backpacks made from recyclable materials, utensils made out of bamboo, and straw bags, among others. With the increasing awareness of eco-friendly products, some players are entering the market of eco-friendly gifts. For instance, in June 2021, SFIDANTE Inc. launched an eco-friendly personalized photo gift service “OKURU” in Singapore. Thus, eco-friendly gifts offer lucrative growth opportunities to the existing players in the personalized gifts market.


Segment Overview


By Product Type


Based on product type, the global Personalized gifts market has been segmented into personalized clothing, personalized chocolates & chocolate platters, personalized accessories, personalized gifts for kids, personalized diaries & desk accessories, personalized photo frames & wall decorations, and others. The personalized accessories segment accounted for the largest market share of 20.94% in 2021. However, the personalized chocolate & chocolate platters segment is likely to register a higher CAGR of 6.43% during the forecast period.


By End User


Based on end user, the global Personalized gifts market has been segmented into men, women, unisex, and kids. The unisex segment accounted for a larger market share of 45.04 % in 2021 and is likely to register a higher CAGR of 5.92% during the forecast period


By Distribution Channel


Based on distribution channel, the global Personalized gifts market has been segmented into daily store-based and non-store-based. The store-based segment accounted for a larger market share of 83.56% in 2021.However, the non-store-based segment is likely to register a higher CAGR of 6.45% during the forecast period.


Regional Analysis


By region, the global Personalized gifts market has been divided into North America, Europe, Asia-Pacific, and Rest of the World. Europe accounted for the largest market share of 37.08% in 2021, the market is expected to register the highest CAGR of 5.69% during the forecast period. North America was the second-largest market in 2021, the market is projected to exhibit a CAGR of 5.78%.


Europe


Europe is accounting for 37.08% of market proportion in the year of 2021 and it is projected to expand at a high CAGR of 5.69% the forecast period of 2022-2030. Germany accounted for the largest share of 21.93% in the Europe personalized gifts market and is expected to register a CAGR of 5.87% over the forecast period. The growth in the region is attributed to the presence of global producers and providers of personalized gifts in the region and huge fashion industry in the region increasing the demand for personalized products.


North America


North America is also accounting for significant market share in the global Personalized gifts market in the year of 2021 and is expected to grow at a CAGR of 5.78% during the forecast period 2022-2030. The growth in this market is mainly attributed to the presence of large-scale retail stores, and established e-commerce sector. The US accounted for the largest share of 77.05% in the North America personalized gifts market.   


Competitive Landscape


The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have a global reach and diverse product portfolios. Companies such as Archies Limited (New Delhi), Card Factory (U.K.), Etsy Inc., (U.S.), Cafepress Inc. (U.S.), Personalization Mall (U.S.) dominate the global market due to brand reputation, product differentiation, financial stability, and diversified regional presence.


Prominent players in the global Personalized gifts market include Archies Limited (India), American Greetings Corporation (US), Redbubble (Australia), Spencer Gifts(US), Card Factory(UK), Etsy, Inc. (US), CafePress, Inc (US), Personalization Mall (US), Hallmark Cards Inc. (US), and American Stationery (US) 


Recent Developments


Few developments that occurred in recent times influencing the market growth of Personalized gifts are listed below:



  • In July 2022, Etsy has launched a new Etsy Seller app which helped the company’s customer to avail the products online.


Scope of the Report


Global Personalized gifts Market, by Product Type



  • Personalized Clothing

  • Personalized Chocolates & Chocolate Platters

  • Personalized Accessories

  • Personalized Gifts for Kids

  • Personalized Diaries & Desk Accessories

  • Personalized Photo Frames & Wall Decorations

  • Others


Global Personalized gifts Market, by End User



  • Men

  • Women

  • Unisex

  • Kids


Global Personalized gifts Market, by Distribution Channel



  • Store-Based

  • Non-Store-Based


Global Personalized gifts Market, by Region




  • North America

    • US

    • Canada

    • Mexico




  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe




  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia & New Zealand

    • Rest of Asia-Pacific




  • Rest of the World

    • South America

    • Middle East

    • Africa




Intended Audience



  • Male

  • Female

  • Kids

  • Unisex



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 42,187.3 Million
  CAGR   5.75%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product Type, End-User, Distribution Channel, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Archies Limited (India), American Greetings Corporation (US), Redbubble (Australia), Spencer Gifts (US), Card Factory (UK), Etsy Inc. (US), CafePress, Inc. (US), Personalization Mall (US), Hallmark Cards, Inc. (US), and American Stationery (US).
  Key Market Opportunities   Increasing Awareness of Eco-Friendly Gifts
  Key Market Drivers   Increasing Trend Of Gift-Exchange, Rising Demand For 3d-Printed Gifts


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Frequently Asked Questions (FAQ) :

The players working in the worldwide Personalized Gifts Market are zeroing in on acquisitions, item dispatches, and developments to reinforce their market position and catch an enormous client base.

Personalized Gifts Market is projected to grow at a CAGR of 5.75% and reach USD 42,187.3 million by 2030.

Archies Limited (India), Redbubble (Australia), Spencer Gifts (US), Etsy Inc. (US), American Greetings Corporation (US), Hallmark Cards, Inc. (US), Card Factory (UK), American Stationery (US), CafePress, Inc. (US), and Personalization Mall (US) are the key competitors in the personalised gifts market.

The Personalized Gifts Market is segmented by Product Type, End-User, Distribution Channel, and Region.