India Gift Retailing Market (2024-2030) | Forecast, Size, Growth, Share, Value, Analysis, Revenue, Companies, Trends, Industry & Outlook

India Gift Retailing Market Synopsis

The India gift retailing market is estimated to grow at a CAGR of 8.3% during the forecast period 2020-2026. The growth in this segment is driven by the growing trend of gifting culture and increasing disposable income of people in India. Moreover, the increased demand for personalized gifts as well as premium gifting items are also contributing to the market growth.

Drivers of the Market:

1) Growing Gifting Culture: Gifting has become an integral part of Indian culture, with occasions such as weddings, festivals and birthdays creating huge opportunities for retailers in India which makes it one among most attractive markets for gift retailing . This has created a large customer base who spends on buying gifts from both online and offline stores making it a lucrative opportunity for businesses.

2) Increase In Disposable Income: With rising incomes, the Indians have more access to money than ever before which leads to higher spending on discretionary items such as gifts . This drives up sales especially during special occasions like Diwali or Durga Puja when people spend heavily on presents leading to an increase in business profits thus aiding market growth.

Challenges of the Market:

1) Fragmented Market Structure : The Indian gift retailing industry is highly fragmented with multiple players operating across various channels including brick and mortar outlets , ecommerce portals , etc complicating competitive landscape due to presence of low cost products from unorganized sector along with high quality premium products offered by organized participants making it difficult for customers when they are choosing their product options.

2 ) Low Brand Awareness Among Consumers : Due to lack of significant marketing efforts by companies operating in this space coupled with limited number consumer education initiatives , majority potential buyers still remain unaware about different offerings available which limits overall penetration rate thereby curbing market expansion potential significantly.

Key Players of the Market:

Some major players that operate Gift Retailing Market are Archies Limited, Chumbak Design Pvt Ltd., Ferns N Petals (FNP), FabIndia Overseas Pvt Ltd., Pernia`s Pop Up Shop LLP, Printland Digital India Private Limited etc..

The COVID - 19 Impact on the Market:

The pandemic has had an adverse effect on many industries including Retail Industry due its impact on supply chain disruptions & forced store closures owing government imposed lockdowns & restrictions brought upon public gatherings leading to reduction customer footfall resulting into reduced sales figures & decreased revenues over short term but long term outlook remains positive despite negative

Key Highlights of the Report:

• India Gift Retailing Market Outlook
• Market Size of India Gift Retailing Market, 2023
• Forecast of India Gift Retailing Market, 2030
• Historical Data and Forecast of India Gift Retailing Revenues & Volume for the Period 2020-2030
• India Gift Retailing Market Trend Evolution
• India Gift Retailing Market Drivers and Challenges
• India Gift Retailing Price Trends
• India Gift Retailing Porter's Five Forces
• India Gift Retailing Industry Life Cycle
• Historical Data and Forecast of India Gift Retailing Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of India Gift Retailing Market Revenues & Volume By Souvenirs and Novelty Items for the Period 2020-2030
• Historical Data and Forecast of India Gift Retailing Market Revenues & Volume By Seasonal Decorations for the Period 2020-2030
• Historical Data and Forecast of India Gift Retailing Market Revenues & Volume By Greeting Cards for the Period 2020-2030
• Historical Data and Forecast of India Gift Retailing Market Revenues & Volume By Giftware? for the Period 2020-2030
• Historical Data and Forecast of India Gift Retailing Market Revenues & Volume By Other? for the Period 2020-2030
• Historical Data and Forecast of India Gift Retailing Market Revenues & Volume By Distribution Channel for the Period 2020-2030
• Historical Data and Forecast of India Gift Retailing Market Revenues & Volume By Online for the Period 2020-2030
• Historical Data and Forecast of India Gift Retailing Market Revenues & Volume By Offline for the Period 2020-2030
• India Gift Retailing Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Distribution Channel
• India Gift Retailing Top Companies Market Share
• India Gift Retailing Competitive Benchmarking By Technical and Operational Parameters
• India Gift Retailing Company Profiles
• India Gift Retailing Key Strategic Recommendations