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
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
Other Prominent Vendors
KEY QUESTIONS ANSWERED
Segmentation & Forecast
Type (Revenue)
Distribution Channel (Revenue)
Gender (Revenue)
Country (Revenue)
For more information about this report visit https://www.researchandmarkets.com/r/bby8va
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SOURCE Research and Markets