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Gifts Retailing Market to Grow by USD 16.75 Billion by 2029, Rise in Demand for Seasonal Decorations and Growing Gifting Culture Boost Market, AI-Powered Report – Technavio

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NEW YORK, Feb. 3, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global gifts retailing market size is estimated to grow by USD 16.75 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  3.5%  during the forecast period. Rise in demand for seasonal decorations and growing gifting culture is driving market growth, with a trend towards rise in demand for specialized merchandise. However, pricing pressures due to fierce market competition  poses a challenge. Key market players include Aldi Stores Ltd., Alibaba Group Holding Ltd., Amazon.com Inc., American Greetings Corp., Bed Bath and Beyond Inc., Card Factory Plc, Costco Wholesale Corp., Enesco LLC, Ferns N Petals Pvt. Ltd., Hallmark Card Inc., House of Fraser Ltd., Loop Commerce Inc., Macys Inc., My Pet Gift Box Ltd, Penney OpCo LLC, Shutterfly Inc., Spencer Gifts LLC, The Walt Disney Co., Walmart Inc., and Williams Sonoma Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Gifts Retailing Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 3.5%

Market growth 2025-2029

USD 16752.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.2

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 47%

Key countries

US, Germany, UK, China, Canada, India, France, Italy, Japan, and South Korea

Key companies profiled

Aldi Stores Ltd., Alibaba Group Holding Ltd., Amazon.com Inc., American Greetings Corp., Bed Bath and Beyond Inc., Card Factory Plc, Costco Wholesale Corp., Enesco LLC, Ferns N Petals Pvt. Ltd., Hallmark Card Inc., House of Fraser Ltd., Loop Commerce Inc., Macys Inc., My Pet Gift Box Ltd, Penney OpCo LLC, Shutterfly Inc., Spencer Gifts LLC, The Walt Disney Co., Walmart Inc., and Williams Sonoma Inc.

Market Driver

The global retail industry is experiencing in gifting trends, particularly during seasonal decorations, birthdays, weddings, anniversaries, holidays, and special occasions like Valentine’s Day, Mother’s Day, Father’s Day, Hanukkah, Easter, Christmas, and graduations. Eco-friendly and sustainable gifts made from recycled materials and ethically sourced products are gaining popularity. Experiential gifts such as spa vouchers, travel packages, event tickets, and corporate gifting are also on the rise. Offline retailers, or brick-and-mortar stores, continue to dominate the market, but online platforms are growing rapidly. Social media marketing and email campaigns are effective marketing efforts. Seasonal decor, personalized presents, fragrances, customized presents, and luxury items are popular. E-commerce retailers are leveraging automation, augmented reality, and product visualization to enhance the shopping experience. Modernization and urbanization have led to an increase in distribution channels, catering to domestic and international tourists. Millennials prefer experiential gifts and subscription services. Intelligent marketing strategies, such as social media engagement and in-store events, help increase brand loyalty and visibility. Gifting culture continues to evolve with social trends and material possessions. 

The global gifts retailing market is experiencing a notable trend towards specialized merchandise. This segment distinguishes itself from mass merchandisers, catering primarily to unique, locally crafted gifts. Specialty merchandisers offer a high degree of product differentiation, appealing to premium customer segments. Souvenir and gift retailers play a crucial role as distributors of such specialized merchandise. For instance, Disney licenses its intellectual property to various retailers, promoting specialized merchandise on a larger scale. This symbiotic relationship benefits both the retailers and the consumers, providing them with distinctive and memorable gift options. 

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Market Challenges

The global retailing market for gifts faces various challenges in different sectors. Seasonal decorations, greeting cards, giftware, and traditional offline retailing struggle with intense competition from online platforms during major holidays and special occasions like birthdays, weddings, anniversaries, and Valentine’s Day. The pandemic has further disrupted sales in physical retail stores. Eco-friendly, sustainable gifts made from recycled materials and ethically sourced products are gaining popularity. Experiential gifts such as spa vouchers, travel packages, event tickets, and corporate gifting are on the rise. Retailers need intelligent marketing strategies, including social media and email marketing, to reach customers. Modernization and urbanization have led to a shift in distribution channels, with e-commerce retailers capturing a significant share. Millennials prefer experiential and personalized gifts, while automation and augmented reality are changing the way we shop for and visualize products. Brand loyalty is crucial, with established brands offering luxury items, jewelry, and premium products. Gifting culture continues to evolve, with social trends favoring material possessions and customized presents. Cultural experiences, travel, and personalized items are popular for various milestones like graduations, Christmas, Mother’s Day, Father’s Day, Hanukkah, Easter, and other special occasions. Retailers must adapt to these trends and invest in infrastructure to meet the needs of domestic and international tourists seeking souvenirs and keepsakes. In-store events, promotions, and loyalty programs can help increase foot traffic and customer satisfaction, ensuring brand visibility and repeat business.The gifts retailing market encompasses various players, including specialty retailers, department stores, mass merchandisers, e-retailers, novelty, and souvenir sellers. Department stores and mass merchandisers serve as one-stop solutions for customers with a diverse range of gift options. Major players in this segment include Macy, JCPenney, Sears Holding, and House of Fraser. The intensifying competition in the market results in pricing pressure, compelling vendors to adopt economic pricing strategies, which may negatively impact profit margins. E-retailers pose significant competition, particularly in regions with high Internet and smart gadget penetration.

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Segment Overview 

This gifts retailing market report extensively covers market segmentation by  

Distribution ChannelOfflineOnlineProductSouvenirs And Novelty ItemsSeasonal DecorationsGreeting CardsGiftwareOthersGeographyEuropeNorth AmericaAPACSouth AmericaMiddle East And AfricaTarget AudienceIndividualsCorporatesNon-Profit OrganizationsEvent PlannersGift Basket CompaniesTypeTraditional GiftsPersonalized GiftsExperiential GiftsDigital GiftsLuxury Gifts

1.1 Offline-  The offline distribution channel segment in the gifts retailing market includes sales through specialty stores, hypermarkets, supermarkets, convenience stores, department stores, and other retail formats. Sales through these channels are declining due to consumers’ increasing preference for online shopping. To boost online sales, vendors are collaborating with local retail entities, selling their products through gift stores and other retailing modes such as big grocers, generalists, stationers, discount chains, post office, and independent retailers. This intensifies market competition. To sustain, vendors are adopting new businesses and retail strategies, like Card Factory, which operates stores in various locations and offers quality products at affordable prices. Despite the decline in offline shopping, innovative marketing in offline channels will fuel growth. For instance, Card Factory’s extensive range of cards and complementary products at competitive prices sets it apart from competitors. Vendors also expand their store operations in different cities and regions to increase customer familiarity and value sales.

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Research Analysis

The global retailing market for gifts is a vibrant and diverse industry that caters to various occasions and preferences. From seasonal decorations like Hanukkah menorahs and Easter baskets, to greeting cards and personalized presents, the market offers a wide range of options for consumers. The industry includes both offline and online retail channels, with social media marketing playing an increasingly important role in reaching customers. The gifting culture extends beyond birthdays, weddings, and anniversaries, with personalized gifts, fragrances, luxury items, jewelry, and premium products popular for parties, public gatherings, and everyday use. Customized presents add a unique touch, making each gift a cherished keepsake. The global retail industry continues to evolve, offering innovative and personalized solutions to meet the ever-changing needs and preferences of consumers.

Market Research Overview

The global retailing market for gifts is a vibrant and diverse industry that encompasses various product categories and sales channels. Seasonal decorations, greeting cards, giftware, and more are popular choices for various occasions such as birthdays, weddings, anniversaries, holidays, and special events. The market caters to different segments including online and offline platforms, with eco-friendly, sustainable gifts made from recycled materials and ethically sourced products gaining popularity. Experiential gifts like spa vouchers, travel packages, event tickets, and corporate gifting are also on the rise. The pandemic has accelerated the shift towards online shopping, with e-commerce platforms becoming a significant distribution channel. Social media marketing and email marketing are key strategies used by retailers to reach customers. The gifting culture transcends holidays and includes social trends, material possessions, and personalized items. Intelligent marketing strategies, modernization, urbanization, and automation are driving the growth of the industry. The market caters to various demographics, including millennials, and offers a wide range of luxury items, jewelry, premium products, and novelty gifts. Seasonal decor, personalized presents, fragrances, customized presents, and polarized sunglasses are popular choices for various occasions. The industry also includes toys, wigs, and other gift items. Retailers focus on customer satisfaction, brand loyalty, and visibility, using foot traffic, in-store events, promotions, travel, and cultural experiences to attract customers. Established brands and infrastructure support the growth of the industry, catering to domestic and international tourists, graduations, milestones, and various other occasions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution ChannelOfflineOnlineProductSouvenirs And Novelty ItemsSeasonal DecorationsGreeting CardsGiftwareOthersGeographyEuropeNorth AmericaAPACSouth AmericaMiddle East And AfricaTarget AudienceIndividualsCorporatesNon-Profit OrganizationsEvent PlannersGift Basket CompaniesTypeTraditional GiftsPersonalized GiftsExperiential GiftsDigital GiftsLuxury Gifts

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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GRE Alpha to Showcase Innovative LED Driver Solutions with LumiFree™ Light Distribution Technology at LEDucation 2025

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GRE Alpha, a global leader in LED power solutions, will exhibit cutting-edge LED drivers and control systems that power LumiFree™ light distribution technology at LEDucation 2025.

NEW YORK, March 15, 2025 /PRNewswire-PRWeb/ — GRE Alpha, a global leader in LED power solutions, will exhibit cutting-edge LED drivers and control systems that power LumiFree™ light distribution technology at LEDucation 2025.

LEDucation attendees are invited to visit GRE Alpha at Booth #205 to experience innovations firsthand and discuss how these solutions can be customized for specific project requirements.

Visitors to Booth #205 will experience firsthand how this powerful combination solves traditional challenges associated with manual lighting controls while offering superior flexibility and performance.

The showcase at the annual trade show and conference organized by the Designers Lighting Forum of New York will take place at the New York Hilton Midtown on March 18-19, 2025.

Visitors to GRE Alpha’s booth will witness live demonstrations highlighting the system’s wireless capabilities across multiple control protocols, including Bluetooth Low Energy (BLE), Wi-Fi, 0-10V, DALI, and DMX.

The GRE Alpha and LumiFree™ combination offers several key advantages:

Enhanced Control Flexibility: LumiFree™ technology enables electrical control of light spread and independent two-axis light distribution control (horizontal and vertical), representing a breakthrough in lighting customization with applications across general lighting, specialized lighting, and optical inspection systems.Simplified Integration: GRE Alpha’s LED drivers seamlessly integrate with a wide range of luminaire designs, allowing OEMs complete freedom in their mechanical requirements.Extended Product Lifespan: The elimination of mechanical control components reduces wear and failure points, significantly enhancing system reliability and longevity.Greater Automation Capabilities: With wireless connectivity and advanced programming options, lighting systems can be easily updated, monitored, and controlled remotely.Reduced Installation Complexity: Wireless controls eliminate the need for additional control wiring, simplifying installation and reducing associated costs.

The technology supports a wide range of applications, including architectural lighting, commercial installations, industrial applications, smart building integration, and retail and hospitality environments.

LEDucation attendees are invited to visit GRE Alpha at Booth #205 to experience these innovations firsthand and discuss how these solutions can be customized for specific project requirements.

About GRE Alpha

GRE Alpha is dedicated to the design and manufacture of high-quality power supplies and lighting control accessories that meet the needs of the lighting industry. With more than two decades of power conversion expertise, GRE Alpha provides OEM and ODM services to lighting manufacturers and offers a comprehensive portfolio of LED drivers and lighting control modules to global lighting brands.

For more information, visit www.grealpha.com/contact.

About LEDucation

LEDucation, presented by the Designers Lighting Forum of New York, is the largest LED-only trade show and conference in the United States. The event connects lighting design professionals with manufacturers, allowing attendees to explore cutting-edge innovations in LED technology.

For more information, visit https://leducation.org/

Media Contact

Marina Milutinovic, GRE Alpha, 1 (770) 538-0630, marina@grealpha.com, https://grealpha.com/ 

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Mitolyn Alerts Consumers About Misleading Third-Party Resellers and Reinforces Commitment to Product Integrity

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NEW YORK, March 15, 2025 /PRNewswire/ — The official brand behind Mitolyn has issued a public advisory regarding unauthorized third-party resellers misrepresenting the product online. Reports of unverified vendors listing non-official versions of Mitolyn across various platforms have surfaced, leading to confusion among consumers.

The official Mitolyn brand has been receiving complaints from individuals who unknowingly made purchases from unverified sources, later realizing discrepancies in packaging, labeling, and product details. This has raised concerns about authenticity and product integrity, as the original product was developed only under Bioventra’s portfolio of advanced formulations.

In response to these growing concerns, the company has issued an official statement emphasizing that Mitolyn should only be purchased through its official website to ensure quality and authenticity.

 

Unverified Resellers Causing Widespread Confusion

In recent weeks, multiple consumer reports have highlighted the increasing prevalence of unauthorized sellers listing Mitolyn outside of the brand’s verified distribution channels. This issue is not unique to Mitolyn, as the broader supplement industry has faced similar challenges with third-party vendors presenting themselves as legitimate sources.

The official brand has actively monitored unauthorized listings and is committed to raising awareness about the potential risks associated with purchasing from unknown third-party vendors.

While some unauthorized sellers may present Mitolyn as genuine, discrepancies in packaging, ingredients, and descriptions have raised red flags. Some consumers have reported receiving products that appear different from what is shown on official materials, while others have struggled with returns and refund processes due to unclear seller policies.

 

Customer Complaints Highlight Need for Greater Awareness

Consumer reports received by the official Mitolyn brand have included concerns such as:

Product inconsistencies – Some customers noted that the labeling, logo placement, or product descriptions did not match official representations.Ingredient discrepancies – While the core formulation of Mitolyn remains proprietary, there have been concerns about whether third-party products match the expected ingredient profile.Unclear storage conditions – Customers have questioned whether Mitolyn’s third-party resellers handle and store the product correctly, as dietary supplements require specific conditions to maintain quality.Limited customer support – Many individuals who purchased Mitolyn from non-official sources found that customer service inquiries went unanswered, leaving them unable to address concerns or seek refunds.

A spokesperson for the official Mitolyn brand commented:
 “We take product integrity seriously and are committed to ensuring that consumers receive only authentic formulations. Unfortunately, unauthorized sellers sometimes misrepresent products, leading to confusion. We encourage customers to remain vigilant when verifying sources.”

 

The Rise of Unauthorized Supplement Sellers

Unauthorized supplement resellers have become a growing issue across various e-commerce platforms, social media marketplaces, and third-party retail websites. Many third-party sellers attempt to capitalize on Mitolyn’s demand, sometimes presenting products at unrealistic discounts or listing them in ways that do not align with official brand communications.

This trend has led to several industry-wide concerns, including:

Unverified product origins – Some sellers source products through unauthorized means, making it difficult for consumers to determine where and how the product was handled before purchase.Potential product substitutions – In some cases, third-party vendors list a product under a brand name, Mitolyn, for instance, but ship alternative formulations or lookalike substitutes.Misleading discount strategies – Some resellers attempt to lure in customers with extremely low prices, which can indicate unverified stock or repackaged items.

While Mitolyn’s official brand is actively monitoring unauthorized sales, the company emphasizes that consumers should take proactive steps to avoid misleading listings.

 

How Consumers Can Identify Official Product Sources

Consumers can take several steps to avoid misleading third-party listings and ensure they are purchasing authentic products. It is important to examine product details carefully, checking for inconsistencies in labeling, packaging, or branding that may indicate a non-official Mitolyn version. Pricing should also be reviewed with caution, as significantly lower prices than usual may suggest an unauthorized seller. Verifying the legitimacy of the seller by researching whether they are recognized as an authorized distributor can help prevent confusion. Lastly, consumers are encouraged to confirm product details through official channels to ensure accuracy and authenticity.

 

Company Response & Consumer Safety Commitment

The official Mitolyn brand has reaffirmed its commitment to consumer safety, product integrity, and transparency. With the increase in unauthorized sales, the company remains focused on educating customers about product authenticity.

“We are committed to making sure that individuals who seek out Mitolyn receive the correct formulation as originally designed. By raising awareness about misleading third-party listings, we hope to prevent unnecessary confusion and ensure a positive customer experience,” the spokesperson added.

Additionally, the company is actively monitoring third-party sales channels and taking steps to minimize unauthorized Mitolyn product listings that could misrepresent the brand.

 

Final Advisory for Consumers

With misleading third-party listings continuing to appear across various online marketplaces, consumers are encouraged to be diligent in verifying sources before making a purchase. The official Mitolyn brand has issued this advisory to help prevent further confusion and misinformation.

For updates regarding product authenticity and verification measures, consumers can refer to official sources.

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Muon Space Deploys FireSat Protoflight, Marking a Major Milestone in Global Wildfire Monitoring

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Initial FireSat satellite is healthy, paving the way for improved real-time wildfire intelligence and future constellation expansion

MOUNTAIN VIEW, Calif., March 15, 2025 /PRNewswire/ — Muon Space, an end-to-end space systems provider, has successfully launched the FireSat Protoflight satellite, marking a significant milestone in the deployment of the FireSat constellation. This groundbreaking initiative aims to transform global wildfire detection, monitoring, and response.

Designed and built by Muon Space—including its state-of-the-art six-channel multispectral infrared (IR) instrument—FireSat showcases the company’s expertise in delivering fully integrated, mission-tailored satellite systems from concept to operation. Launched aboard SpaceX’s Transporter 13 rideshare mission on March 14 from Vandenberg Space Force Base, Muon Space has successfully established communications with the satellite and confirmed its operational health.

“The FireSat mission exemplifies Muon Space’s ability to rapidly design, build, and deploy high-performance remote sensing systems tailored to address complex, real-world challenges,” said Jonny Dyer, CEO of Muon Space. “FireSat is just the beginning—we are demonstrating how purpose-built constellations can deliver transformative solutions at the speed our customers and partners require.”

Announced in May 2024, the FireSat Constellation is a collaboration between Muon Space and Earth Fire Alliance, combining Muon’s expertise in space-based remote sensing with the Alliance’s deep knowledge of wildfire management and response strategies. This partnership aims to enhance global wildfire response, management, and situational awareness by providing actionable data to first responders, policymakers, and communities facing escalating wildfire threats.

Working closely with hundreds of members of the federal, state, and local fire communities, Muon Space developed the FireSat system and delivered its first satellite to orbit in just 16 months. The initiative has been supported by leading NGOs and philanthropic organizations, including Environmental Defense Fund, the Gordon and Betty Moore Foundation, and others.

“Designing and building an advanced infrared instrument capable of detecting wildfires with high confidence required significant scientific and engineering innovation,” said Dan McCleese, Chief Scientist of Muon Space. “This achievement underscores Muon Space’s ability to push the boundaries of space-based observation, advancing not only wildfire intelligence but also a broad range of critical operational, scientific, and security applications.”

The planned 50+-satellite constellation will eventually provide global coverage with each point on Earth observed every 20 minutes with key wildfire-prone regions benefiting from more frequent observations.

“FireSat is a game-changer for wildfire response,” said Brian Collins, Executive Director of Earth Fire Alliance. “For too long, decision-makers have relied on outdated or incomplete fire data. FireSat is poised to provide persistent, high-fidelity, and detailed information that will empower end users to save more lives and structures, better protect ecosystems, and reduce economic losses.”

Muon is currently developing three additional satellites, which will launch in 2026. FireSat is expected to reach full operational capacity by 2030.

About Muon Space

Founded in 2021, Muon Space is an end-to-end Space Systems Provider that designs, builds, and operates LEO satellite constellations delivering mission-critical data. Our revolutionary, integrated technology stack, Halo enables customers to optimize every dimension of their missions for faster time-to-orbit and superior constellation remote sensing performance. Our state-of-the-art facilities in CA are optimized for manufacturing spacecraft and rapid, flexible payload integration at scale. From earth observation to national security, Muon Space is dedicated to delivering Earth Intelligence for a safer and more resilient world.

For more information on Muon Space, visit: https://www.muonspace.com/

About Earth Fire Alliance

Earth Fire Alliance is a California Nonprofit Public Benefit Corporation founded in 2024 on the belief that high-fidelity data, accessible on a global scale, will transform humanity’s collective approach and relationship to fire. The Alliance shares a vision of expanding wildfire focus and funding from reactive suppression to proactive stewardship that includes better informed real-time decisions on the ground, data-driven resilience initiatives, and improved understanding about the positive and negative role of fire on the landscape. Committed to delivering transformative real-time data from all wildfires on Earth through user-driven technology and radical collaboration, Earth Fire Alliance champions the FireSat satellite constellation. FireSat will deliver unprecedented data about where fires are and how fast they’re moving to frontline fire responders around the globe.

Learn more about the Alliance, FireSat, and how to get involved or support at https://www.earthfirealliance.org/

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