India gifting market is projected to
grow from an estimated $ 119 million in 2019 to $ 159 million by 2025.
Anticipated growth of gifting market in India can be attributed to rising disposable income and increasing influence of
western culture across the country. Moreover,
increasing marketing activities by leading brands coupled with personalization
and customization in gift products are some other drivers of gifting market
in India. Also, factors
like creative packaging, personalized notes, initial engraved boxes, etc.,
together with a seamless buying experience, especially through online
platforms, are boosting the country’s gifting market. Increasing digitalization
and adoption of modern manufacturing processes and technologies are also
significantly driving gifting market in India. An
increasing number of consumers are opting for online gifting stores as they
provide a variety of options on a single platform.
India gifting
market is categorized into Corporate Gifting and Personal Gifting segments,
among which Personal Gifting segment dominates the market and is expected to
continue its dominance during the forecast period. Personal
Gifting has been increasing in India over the years predominantly due to
increase in purchasing power of the millennials, influence of western culture,
booming e-commerce industry and unconventional approaches adopted by retail
brands. Moreover, advanced manufacturing
processes and technologies are allowing market players to plan, produce, and
deliver finished products in an efficient and time bound manner. Some of the major players operating the India
gifting market are Archies, Ferns & Petals, Mini
So, Beccos, Uniqlo and others.
Years
considered for this report:
Historical Years: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2020–2025
Objective of the Study:
- To analyze and forecast the market size of India Gifting market.
- To classify and forecast India Gifting market based on by purpose,
by distribution channel, regional distribution and company.
- To identify drivers and challenges for India Gifting market.
- To examine competitive developments such as expansions, new product
launches, customized products, etc., in India Gifting market.
- To identify and analyze the profile of leading players involved in
the India Gifting market.
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TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of gifting players across India. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the companies which could
not be identified due to the limitations of secondary research. TechSci
Research analysing the service offerings, distribution channels and presence of
all major players operating across the country.
TechSci
Research calculated the market size of India Gifting market using a top-down approach, where in data for various categories across
various product types were recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analysing historical data of
these gifting products by purpose and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key Target
Audience:
- Corporate and Personal
gifting products manufacturers, suppliers, distributors and other
stakeholders
- Organizations, forums and
alliances related to gifting market
- Government
bodies such as regulating authorities and policy makers
- Market research and
consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as product manufacturers
and partners, etc., besides allowing them in strategizing investments and
capitalizing on market opportunities.
Report Scope:
In this report, India gifting market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market, By Purpose
- Corporate Gifting
- Personal Gifting
- Market, By Distribution Channel
- Market, By
Region:
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in India Gifting market.
Available
Customizations
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis
in case of direct and indirect sales channel.
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]