Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Product Type (Souvenirs and Novelty Items, Seasonal Decorations, Greeting Cards, Giftware , Other ), By Distribution Channel (Online, Offline) And Competitive Landscape
Product Code: ETC057308 | Publication Date: May 2021 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific Gift Retailing Marketย |
Forecast Period | 2025-2031 |
Market Size | USD 1.7 billion by 2031 |
CAGR | 5.9% |
Growing Sector | Wellness and Lifestyle |
The Asia Pacific Gift Retailing Market Report thoroughly covers the market segmentations by countries, by product type, and by distribution channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
Asia Pacific Gift Retailing Market Size was valued at approximately USD 1.1 billion and is projected to reach USD 1.7 billion by 2031, growing at a CAGR of 5.9% over the forecast period. This growth is primarily driven by the increasing trend towards personalization and gifting culture, along with the rising demand for unique and innovative gift items. The market is propelled by various factors, including the rapid adoption of online shopping platforms, an expanding middle class, and the increasing demand for seasonal and novelty gifts.
The Asia Pacific Gift Retailing Market is expanding rapidly, reflecting changing consumer behavior and an increased desire for personalized and meaningful gifts. This trend is evident across diverse countries in the region, with consumers focusing on customization, unique gifts, and sustainable options. The rise in disposable income and the growing middle-class population are also fueling this marketโs growth. Moreover, the gift market in Asia Pacific benefits from various cultural and festive seasons, with high demand during holidays, weddings, and special occasions. Retailers are increasingly adopting omnichannel strategies, blending online and offline shopping experiences, to cater to consumer preferences for convenience and variety. However, the market also faces challenges such as logistical complexities, high competition, and economic volatility that might impact consumer spending.
According to 6Wresearch, the Asia Pacific Gift Retailing Market is expected to grow at a significant CAGR of 5.9% during the forecast period 2025-2031. The growth of the Asia Pacific Gift Retailing Market is driven by several factors, including the increasing adoption of digital and e-commerce platforms that allow for easy and convenient gift shopping. The rise in disposable incomes and the growing middle class in countries like China and India have also played a significant role in boosting consumer demand for gifts. Additionally, gifting trends and culture in Asia Pacific are shifting towards more personalized and unique gifts, which is pushing retailers to diversify their product offerings to cater to these preferences. The growing awareness of sustainability and eco-friendly products has led to the rise of ethical gifting options as consumers seek gifts that reflect their values. Furthermore, the proliferation of online marketplaces is opening up new avenues for gift retailers to reach a wider audience, particularly younger consumers who value convenience, leading to the Asia Pacific Gift Retailing Market growth.
The Market faces several challenges that could hinder its growth. One major challenge is the intense competition among retailers, particularly in e-commerce, where numerous players are vying for consumer attention. This creates pressure on profit margins and can lead to price wars. Additionally, supply chain and logistics issues are prevalent, especially for retailers operating across multiple countries with varying regulations and infrastructure challenges. Seasonal fluctuations in demand can make inventory management difficult, leading to inefficiencies. The high reliance on festive seasons for sales can make the market vulnerable to economic slowdowns or geopolitical tensions that affect consumer spending. Furthermore, consumer preferences are constantly evolving, which presents challenges for retailers trying to stay ahead of trends while meeting ever-changing demands.
One significant trend in the Asia Pacific Gift Retailing Market is the increasing use of technology and digital platforms by retailers to improve the shopping experience. From personalized recommendations powered by AI to virtual gift consultations, retailers are adopting innovative solutions to enhance customer engagement and streamline their offerings. E-commerce and mobile commerce are booming in the region, with consumers increasingly turning to online platforms for convenience and access to a wider variety of products. Additionally, the trend towards sustainability has seen a rise in eco-friendly and ethically sourced gifts. Retailers are adapting by offering more sustainable packaging and environmentally conscious products. Another key trend is the rise of experiential gifts, as consumers seek out meaningful experiences rather than physical products. Companies are also integrating multi-channel retailing strategies to create a seamless and integrated shopping experience across physical stores, online platforms, and social media.
The Asia Pacific Gift Retailing Market presents numerous investment opportunities, particularly in e-commerce, where digital platforms are rapidly gaining market share. The rising popularity of online shopping has opened up opportunities for new retail players to enter the market and for existing companies to expand their online presence. Investors can focus on building or investing in e-commerce platforms and digital payment solutions to capitalize on the growing demand for online shopping. Another promising investment opportunity lies in the retail infrastructure segment, where companies can upgrade physical stores to create more personalized shopping experiences and offer services such as gift wrapping and in-store personalization. With the growing interest in sustainable gifts, investments in eco-friendly products and packaging solutions are expected to be lucrative, as consumers continue to prioritize environmental considerations in their purchasing decisions.
Key players in the Asia Pacific Gift Retailing Market include prominent retail brands such as Hallmark Cards, China National Gift Group, and Rakuten, which have established strong footprints in various countries across the region. These companies are known for their diverse product portfolios, including gifts, greeting cards, and seasonal merchandise, catering to a wide range of consumer preferences. International retailers like Amazon and Alibaba are also significant players, having expanded their reach through their e-commerce platforms. In addition, regional players like Gifts Australia and Singapore-based Naiise are capitalizing on local trends and offering a variety of customized and sustainable gift options. These market leaders are leveraging technology, including AI and machine learning, to personalize their offerings and improve customer engagement.
Governments across the Asia Pacific region have introduced various regulations and initiatives to support the growth of the gift retailing market, particularly in the e-commerce sector. In countries like China and India, government initiatives such as digital payment systems and e-commerce regulations have facilitated smoother transactions and improved consumer confidence in online retailing. Moreover, governments in some regions are introducing policies to promote sustainable business practices, including recycling and reducing plastic waste, which aligns with the growing trend of eco-friendly gifting. Retailers in the region are encouraged to comply with environmental regulations and focus on reducing their carbon footprint. In addition, regulatory frameworks that ensure product quality and safety are vital in maintaining consumer trust, particularly in the gift and novelty products segment.
The Asia Pacific Gift Retailing industry is poised for continued growth, driven by increasing consumer demand for personalized and unique gifts. The rise of e-commerce and mobile shopping, coupled with evolving consumer preferences, will continue to shape the market's future. The growing trend towards sustainable gifting, as well as the demand for experiential gifts, will present opportunities for companies to innovate and capture consumer attention. Technological advancements, including augmented reality for virtual gifting experiences and AI for personalized recommendations, are expected to transform how consumers interact with gift retailers. As the middle class grows and disposable incomes rise in countries like China and India, the demand for gifts across various sectors, including seasonal and novelty gifts, is expected to continue rising, further driving market growth.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Nitesh, Research Manager, 6wresearch, China is expected to be the fastest-growing country in the Asia Pacific Gift Retailing Market, with a market size of USD 15.2 billion in 2025. The growth is driven by an expanding middle-class population, increasing disposable income, and rising gifting culture during festivals and special occasions. Additionally, the booming e-commerce industry in China supports the demand for gift retailing, offering consumers a wide variety of options.
The Souvenirs and Novelty Items segment is projected to dominate the market as the fastest-growing product category, reaching USD 8.4 billion in 2025. This segment's growth is attributed to the rise in tourism and travel across the region, leading to a surge in demand for personalized and culturally themed gifts. Unique and creative souvenirs appeal to both domestic and international tourists, boosting market share.
The Online segment is anticipated to be the fastest-growing distribution channel, with a market size of USD 10.5 billion in 2025. The rapid adoption of e-commerce platforms, increasing internet penetration, and convenience of online shopping have significantly contributed to this growth. Online platforms offer an extensive range of gifting options, seamless payment systems, and home delivery, making them a preferred choice for consumers across Asia Pacific.
The report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Gift Retailing Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Gift Retailing Market Revenues & Volume, 2021 & 2031F |
3.3 Asia Pacific Gift Retailing Market - Industry Life Cycle |
3.4 Asia Pacific Gift Retailing Market - Porter's Five Forces |
3.5 Asia Pacific Gift Retailing Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Asia Pacific Gift Retailing Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Asia Pacific Gift Retailing Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Asia Pacific Gift Retailing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Gift Retailing Market Trends |
6 Asia Pacific Gift Retailing Market, 2021 - 2031 |
6.1 Asia Pacific Gift Retailing Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.2 Asia Pacific Gift Retailing Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
7 China Gift Retailing Market, 2021 - 2031 |
7.1 China Gift Retailing Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.2 China Gift Retailing Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
8 India Gift Retailing Market, 2021 - 2031 |
8.1 India Gift Retailing Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.2 India Gift Retailing Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
9 Japan Gift Retailing Market, 2021 - 2031 |
9.1 Japan Gift Retailing Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.2 Japan Gift Retailing Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
10 Australia Gift Retailing Market, 2021 - 2031 |
10.1 Australia Gift Retailing Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.2 Australia Gift Retailing Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
11 Indonesia Gift Retailing Market, 2021 - 2031 |
11.1 Indonesia Gift Retailing Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.2 Indonesia Gift Retailing Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
12 Philippines Gift Retailing Market, 2021 - 2031 |
12.1 Philippines Gift Retailing Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.2 Philippines Gift Retailing Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
13 Thailand Gift Retailing Market, 2021 - 2031 |
13.1 Thailand Gift Retailing Market, Revenues & Volume, By Product Type, 2021 - 2031 |
13.2 Thailand Gift Retailing Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
14 Malaysia Gift Retailing Market, 2021 - 2031 |
14.1 Malaysia Gift Retailing Market, Revenues & Volume, By Product Type, 2021 - 2031 |
14.2 Malaysia Gift Retailing Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
15 Singapore Gift Retailing Market, 2021 - 2031 |
16 Rest of Asia Gift Retailing Market, 2021 - 2031 |
16.1 Rest of Asia Gift Retailing Market, Revenues & Volume, By Product Type, 2021 - 2031 |
16.2 Rest of Asia Gift Retailing Market, Revenues & Volume, By Distribution Channel, 2021 - 2031 |
17 Asia Pacific Gift Retailing Market Key Performance Indicators |
18 Asia Pacific Gift Retailing Market - Opportunity Assessment |
18.1 Asia Pacific Gift Retailing Market Opportunity Assessment, By Countries, 2021 & 2031F |
18.2 Asia Pacific Gift Retailing Market Opportunity Assessment, By Product Type, 2021 & 2031F |
18.3 Asia Pacific Gift Retailing Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
19 Asia Pacific Gift Retailing Market - Competitive Landscape |
19.1 Asia Pacific Gift Retailing Market Revenue Share, By Companies, 2024 |
19.2 Asia Pacific Gift Retailing Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |