GITNUX MARKETDATA REPORT 2024

Must-Know Gift Industry Statistics [Latest Report]

Highlights: The Most Important Gift Industry Statistics

  • In 2021, the global gift industry was valued at approximately 77.15 billion U.S. dollars.
  • The U.S. gift industry is expected to grow at a CAGR of 5.2% from 2020 to 2025.
  • In 2020, the corporate gifting market in the U.S. was worth about 10 billion U.S. dollars.
  • Gift cards make up 74.2% of employee gifts.
  • 73% of corporate gifting recipients prefer personalized gifts.
  • Christmas season accounts for 60% of the annual gift market.
  • Online gifting market in India is expected to reach USD 84 billion by 2024.
  • Global luxury gifting market is expected to reach USD 159.9 billion by 2027.
  • 71% of small businesses participate in corporate gifting.
  • By 2026, the global gift packaging market is expected to reach USD 23.09 billion.
  • In 2020, the U.S. gift card market was valued at $175.1 billion.
  • The Australian gift market is estimated to be worth over AUD 3.8 billion per year.
  • 63% of people prefer to receive experiences as gifts over physical items.
  • The average American spends about $656 on gifts each year.
  • The global market for gift cards is expected to reach $750 billion by 2026.
  • In 2020, the global personal luxury goods market, which includes luxury gifting, contracted by approximately 23%.

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The global gift industry is a rapidly growing sector, with the value of the market estimated to reach 77.15 billion U.S. dollars in 2021 and expected to grow at a CAGR of 5.2% from 2020 to 2025 in the United States alone. Corporate gifting has become increasingly popular, with an estimated 10 billion U.S dollars spent on corporate gifts in 2020 and 74.2% of employee gifts being gift cards according to recent statistics gathered by GiftUpApp blog post 13 Stats To Help You Tackle The Corporate Gifting Market . Women are also playing an important role as primary shoppers for gifts, making up 81% of all primary shoppers within the US market according to Industry u-gib com report US Gift Industry Statistics .
Personalized corporate gifting is becoming more prevalent too; 73% of recipients prefer personalized items over generic ones as reported by UpHoria io blog Personalized Corporate Gifts Make Meaningful Relationships . In addition, Christmas season accounts for 60 percent of annual sales within this industry while online gifting markets have seen tremendous growth worldwide – particularly India which is projected to reach 84 Billion USD by 2024 (Roots Analysis Blog). Luxury goods make up another large portion globally valued at 159 Billion USD (GlobeNewswire) while promotional products account for 20 percent share within USA’s total gift market (Industry u-gib com). Small businesses are also participating heavily in corporate gifting activities – 71 % participate actively according UK’s Craft Council org article Crafts Market Analysis: 10 Reasons To Invest In The Homewares & Crafts Market , whereas 63 % people prefer experiences over physical items when it comes receiving presents(Deseret News 2016 ). On average Americans spend 656$ per year on buying presents(MarketWatch 2018 )while Chinese consumers contribute 1 trillion yuan annually towards their country’s overall luxury goods including those related specifically towards personalised/luxury gifting purposes.(JingDaily 2019 ). Finally Global card based or eGift Card Markets are predicted be worth 750Billion Dollars By 2026(ResearchandMarkets Report 4520245) although due Covid19 pandemic there was 23 Percent decline observed during last year across entire personal luxury good segment.( Bain Insights 2021 )

The Most Important Statistics
In 2021, the global gift industry was valued at approximately 77.15 billion U.S. dollars.

This statistic is a testament to the immense size and scope of the global gift industry. It highlights the sheer magnitude of the industry, and the potential for growth and success within it. It also serves as a reminder of the importance of the gift industry in the global economy, and the potential for businesses to capitalize on the industry’s success.

The U.S. gift industry is expected to grow at a CAGR of 5.2% from 2020 to 2025.

This statistic is a testament to the potential of the U.S. gift industry, indicating that it is likely to experience a steady growth over the next five years. This is an important piece of information for anyone interested in the gift industry, as it provides an indication of the industry’s future prospects. It is also a useful piece of information for those looking to invest in the gift industry, as it provides an indication of the potential returns that can be expected. As such, this statistic is an invaluable piece of information for anyone looking to gain insight into the gift industry.

Gift Industry Statistics Overview

In 2020, the corporate gifting market in the U.S. was worth about 10 billion U.S. dollars.

This statistic is a testament to the immense size of the corporate gifting market in the U.S. It highlights the potential for businesses to capitalize on this lucrative industry and the potential for growth in the coming years. It also serves as a reminder of the importance of corporate gifting in the U.S. economy and the impact it has on businesses and consumers alike.

Gift cards make up 74.2% of employee gifts.

This statistic is a testament to the power of gift cards in the employee gifting space. It speaks to the convenience and flexibility that gift cards offer, making them the go-to choice for employers looking to reward their employees. It also highlights the importance of the gift card industry in the overall gifting market, and the potential for growth in this sector.

73% of corporate gifting recipients prefer personalized gifts.

This statistic is a powerful indicator of the importance of personalization in the gift industry. It shows that the majority of corporate gifting recipients prefer gifts that are tailored to their individual tastes and preferences. This highlights the need for businesses to focus on creating personalized gifts that will be appreciated and remembered by their recipients. Furthermore, this statistic can be used to demonstrate the potential of the gift industry to create meaningful connections between businesses and their customers.

Christmas season accounts for 60% of the annual gift market.

The fact that Christmas season accounts for 60% of the annual gift market is a crucial piece of information for anyone interested in the gift industry. It highlights the importance of the holiday season for businesses in the gift industry, and serves as a reminder of the potential for success that can be achieved by capitalizing on the holiday season. Furthermore, it provides insight into the overall size of the gift industry, and the potential for growth that exists within it.

Online gifting market in India is expected to reach USD 84 billion by 2024.

This statistic is a testament to the immense potential of the online gifting market in India. It highlights the immense growth potential of the industry, and serves as a reminder of the immense opportunities that exist for businesses in the gifting industry. It is a clear indication that the gifting industry in India is on the rise, and is set to become a major player in the global market. This statistic is a valuable insight into the future of the gifting industry in India, and should be taken into consideration when discussing the industry’s growth prospects.

Global luxury gifting market is expected to reach USD 159.9 billion by 2027.

This statistic is a testament to the immense potential of the global luxury gifting market. It highlights the immense growth potential of the industry, and serves as a reminder of the lucrative opportunities that await those who are willing to invest in the sector. With the market expected to reach USD 159.9 billion by 2027, it is clear that the gift industry is a lucrative and ever-growing sector that is worth exploring.

71% of small businesses participate in corporate gifting.

This statistic is a testament to the importance of corporate gifting in the business world. It shows that the majority of small businesses recognize the value of giving gifts to their customers, employees, and partners. This statistic is a great starting point for a blog post about gift industry statistics, as it provides a snapshot of the current state of corporate gifting.

By 2026, the global gift packaging market is expected to reach USD 23.09 billion.

This statistic is a testament to the immense potential of the gift packaging market, indicating that it is a lucrative industry with a bright future. It is a valuable piece of information for anyone interested in the gift industry, as it provides an insight into the growth of the market and the opportunities it presents. Furthermore, it serves as a reminder of the importance of gift packaging in the overall gift industry, and how it can be used to create a memorable experience for the recipient.

In 2020, the U.S. gift card market was valued at $175.1 billion.

This statistic is a testament to the immense size of the U.S. gift card market, demonstrating the immense potential for growth and success within the gift industry. It is a powerful indicator of the industry’s current state and its potential for future success. It is a valuable piece of information for anyone interested in the gift industry, as it provides a clear indication of the size and scope of the market.

The Australian gift market is estimated to be worth over AUD 3.8 billion per year.

This statistic is a testament to the sheer size and scope of the Australian gift market, highlighting the immense potential for businesses to capitalize on the lucrative industry. It is a powerful reminder of the immense economic impact of the gift industry, and serves as a reminder of the importance of staying up-to-date with the latest trends and developments in the sector.

63% of people prefer to receive experiences as gifts over physical items.

This statistic is a telling indication of the current trend in the gift industry, demonstrating that experiences are becoming increasingly favored over physical items. It is an important piece of information for anyone interested in the gift industry, as it provides insight into the preferences of consumers and can be used to inform decisions about what types of gifts to offer.

The average American spends about $656 on gifts each year.

This statistic is a telling indication of the importance of the gift industry in the lives of Americans. It shows that, on average, Americans are willing to invest a significant amount of money into gifts for their loved ones, demonstrating the importance of gift-giving in our culture.

The global market for gift cards is expected to reach $750 billion by 2026.

This statistic is a testament to the immense potential of the gift card industry. It shows that the market is growing rapidly and is expected to reach a staggering $750 billion in the next few years. This is a clear indication that the gift card industry is a lucrative and profitable venture, and one that should not be overlooked.

In 2020, the global personal luxury goods market, which includes luxury gifting, contracted by approximately 23%.

This statistic serves as a stark reminder of the impact the pandemic has had on the global gift industry. It highlights the need for businesses to adjust their strategies to accommodate the changing market conditions and to ensure their survival in the face of such a significant decline.

Conclusion

The global gift industry is a rapidly growing market, with the value of the worldwide industry estimated to be around 77.15 billion U.S. dollars in 2021 and expected to grow at a CAGR of 5.2% from 2020-2025 in the United States alone. Corporate gifting has become increasingly popular, making up 10 billion U.S dollars of that total figure and 74% being made up by gift cards specifically for employee gifts or rewards programs; while 81% of primary shoppers are women across all types of gifting markets globally – including luxury goods which have seen an overall contraction due to COVID-19 but still remain valued at over 1 trillion yuan per year in China alone as well as $750 billion projected by 2026 on a global scale for just gift cards themselves. Personalized gifts also make up 73%, showing how important it is for companies looking into corporate gifting solutions to consider personalization when selecting their products or services – especially during Christmas season where 60% annual sales occur within this sector.

References

0. – https://www.craftscouncil.org.uk

1. – https://www.reedgiftfairs.com.au

2. – https://www.fortunebusinessinsights.com

3. – https://www.marketwatch.com

4. – https://www.statista.com

5. – https://www.globenewswire.com

6. – https://www.bain.com

7. – https://www.deseret.com

8. – https://www.everythingdecorated.com

9. – https://www.researchandmarkets.com

10. – https://www.rootsanalysis.com

11. – https://www.uphoria.io

12. – https://www.giftupapp.com

FAQs

What is the annual growth rate of the gift industry?

The annual growth rate of the global gift industry is approximately 2-3%, varying by region and specific market segments.

What are the most popular gift categories people purchase?

The most popular gift categories include gift cards, electronics, clothing, books, jewelry, and personal care products.

What is the impact of e-commerce on the gift industry?

E-commerce has significantly impacted the gift industry by offering a more extensive product selection, 24/7 shopping convenience, and the ability to easily compare prices and read product reviews, resulting in increased gift sales and a shift towards online shopping.

How has the COVID-19 pandemic affected the gift industry?

The COVID-19 pandemic has led to a temporary decline in overall gift purchases, primarily due to reduced social gatherings and economic uncertainty. However, it has accelerated the shift towards online gift shopping and increased the demand for gifts that cater to home-based activities and hobbies.

What are the key trends and developments in the gift industry?

The key trends and developments in the gift industry include an increased focus on personalization, eco-friendly and sustainable products, the growth of the experiential gift market (such as event tickets and travel vouchers), and the use of technology for digital gifting options like e-gift cards and customizable virtual gifts.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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