DUBLIN, March 22, 2024 /PRNewswire/ — The “Europe Personalized Gifting Market – Focused Insights 2024-2029” report has been added to ResearchAndMarkets.com’s offering.
The European personalized gifting market was valued at USD 9.67 billion in 2023 and is expected to grow at a CAGR of 7.01% from 2023-2029, to reach USD 14.51 billion in 2029.
EUROPE PERSONALIZED GIFTING MARKET INSIGHTS
- Europe’s personalized gifting market is experiencing a noteworthy surge in demand, indicating a fundamental shift in consumer preferences toward unique and personalized experiences. This transformation reflects a societal inclination for meaningful connections and a desire to move beyond generic gifts to express sentiment more tailored and thoughtfully.
- The clothing & accessories segment is witnessing significant growth, with the fastest-growing CAGR of 7.76% during the forecast period. In Europe, there’s a rising trend towards personalized clothing and accessories, driven by consumers seeking unique and meaningful gifts. This demand is fuelled by the desire for individuality and the ability to express one’s personality through customized items, contributing significantly to the growth of the personalized gifting market segment.
- The online channel dominates the distribution segment of the European personalized gifting market. The segment growth can be attributed to the convenience of online channels. They offer better reach and accessibility to consumers across Europe. It includes e-commerce websites, marketplaces, and social media channels that provide a convenient shopping experience.
- Based on gender, the female market shows significant growth, with the highest CAGR of 7.28% during the forecast period. The growth can be attributed to women’s discerning taste for personalized gifts that transcend functionality. This discernment is often expressed through an inclination toward items boasting aesthetic appeal, such as intricately designed jewelry, personalized home decor that complements individual styles, and bespoke fashion accessories tailored to their unique tastes.
MARKET DRIVERS
Focus On Continuous Product Innovation: The Europe personalized gifting market benefits from a constant stream of new and innovative personalized products driven by creative design, materials, and manufacturing processes like 3D engraved crystals, which Etsy offers. Introducing novel products keeps the market dynamic, attracting consumers looking for fresh, unique, personalized gifting options. Market players should invest in research and development to stay ahead in product innovation. Regularly introducing new and distinctive personalized items can help companies maintain a competitive edge and capture evolving consumer preferences.
Rising Disposable Income: The rising disposable income significantly influences the market, especially among millennials. Consumers have more discretionary income and are increasingly inclined to spend on personalized gifts. They seek unique and thoughtful options that reflect individual tastes and preferences, fueling the demand and presenting an opportunity for market players to cater to this growing segment. It leads to a growing demand for the personalized gifting sector and increased consumer willingness to invest in unique and meaningful gifts. Market players should focus on innovative and personalized offerings that resonate with diverse consumer preferences and implement effective marketing strategies targeting the millennial demographic.
REGIONAL LANDSCAPE
Spain is showing the highest growth rate in Europe for personalized gifting, growing at a CAGR of 7.97% during the forecast period. Spain is known for its vibrant fiestas and celebrations, driving demand for personalized gifts that mark special occasions and milestones. Personalized party favors, custom event signage, and bespoke celebration decorations appeal to Spanish consumers’ love for festivity and spectacle, enhancing the ambiance and atmosphere of festive gatherings and events. Spanish culture strongly emphasizes family ties and relationships, influencing preferences for personalized gifts that celebrate familial connections and traditions.
VENDOR LANDSCAPE
The Europe personalized gifting market report contains exclusive data on 36 vendors. The European personalized gifting market’s competitive scenario is intensifying, with global and domestic players offering diverse products. Major players focus on strategic agreements, acquisitions, and collaboration with emerging players to enter the Europe personalized gifting market to gain access to commercially launched products.
VENDORS LIST
Key Vendors
- American Greetings
- cardfactory
- Etsy
- Hallmark
- Shutterfly
Other Prominent Vendors
- Notonthehighstreet
- Zazzle
- Not Another Bill
- Gelato
- Disney
- Gifts for Europe
- YourSurprise
- Habeco Gifts
- Walwater Gifts
- Belcraft
- HiGift
- Firebox
- Say It With A GIFT
- &Open
- Gift Baskets for Europe
- Printster
- Ferns N Petals
- TBTB Promotional Gifts
- Merchery
- Printful
- Moonpig
- Create Gift Love
- Forever Bespoke
- Contrado Imaging
- Papier
- Getting Personal
- Name It Labels
- Scribbler
- The Present Finder
- HelloPrint
- Henry Factory
KEY QUESTIONS ANSWERED
- How big is the Europe personalized gifting market?
- What is the growth rate of the Europe personalized gifting market?
- What are the trends in the Europe personalized gifting market?
- Who are the major players in the Europe personalized gifting market?
Segmentation & Forecast
Type (Revenue)
- Clothing & Accessories
- Home Decor
- Kitchen & Tableware
- Stationery & Cards
- Food & Beverages
- Others
Distribution Channel (Revenue)
- Online Channel
- Specialty Stores
- Supermarkets & Hypermarkets
- Direct Distribution
- Others
Gender (Revenue)
- Female
- Male
Country (Revenue)
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
For more information about this report visit https://www.researchandmarkets.com/r/bby8va
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SOURCE Research and Markets
