Gifts Novelty and Souvenirs Market Survey Report – Recent Trends, Growth Opportunities, and Market Size and Share Global Forecast Analysis – 2024 - 2033

Gifts Novelty and Souvenirs Market Size Survey Report – In a Glance

As per the survey report on global Gifts Novelty and Souvenirs market, the market is projected to foresee a CAGR of 3.4% between 2024-2033, and further generate a market size of USD 128.97 billion by the end of 2033. In the year 2023, the market size was valued at USD 98.68 billion.

• The global Gifts Novelty and Souvenirs market is projected to grow on account of the rising consumer trends and preference.
• In Japan, the Gifts Novelty and Souvenirs market growth can be attributed to the E-commerce and Online Retailing.
• KDMI analyst’s growth analysis foresees Seasonal Demand Fluctuations to challenge the market growth.
• The Asia Pacific Gifts Novelty and Souvenirs market is projected to dominate the global market.

Gifts Novelty and Souvenirs Market Analysis

Gifts, Novelty, and Souvenirs include a diverse range of products purchased for personal enjoyment or programs. Gifts are nowadays a mode express affection or celebrate occasions, ranging from everyday items to specialized goods. Novelty items provide entertainment through unique or amusing features, often evoking laughter or surprise. Souvenirs, on the other hand, serve as mementos of travel experiences, representing the culture and landmarks of visited destinations. Together, these categories offer a range of products for personal enjoyment, gift-giving, and memory preservation. The projected growth of the global Gifts, Novelty, and Souvenirs market is driven by evolving consumer preferences and trends. As consumers increasingly seek unique, personalized, and culturally relevant products, demand for diverse and innovative offerings within this market segment rises. This shift in consumer behavior towards experiential and individualized purchases fuels market expansion, creating opportunities for businesses to capitalize on emerging trends and preferences. WorldWonders Enterprises, GlobalGifts Inc, and. InternationalNovelty Ltd. are some of the significant parties in the global market for Gifts Novelty and Souvenirs.

Analyst’s Observation on Japan Gifts Novelty and Souvenirs Market Survey

In Japan, the market growth for Gifts Novelty and Souvenirs can be attributed to the E-commerce and Online Retailing. With the increasing indulgence of internet usage and the popularity of online shopping platforms, consumers have better excess to a wide range of gift and novelty items. The convenience, extensive product selection, and secure payment options offered by e-commerce channels have significantly contributed to the market's growth, reshaping consumer shopping habits and preferences in Japan. Revenue in the eCommerce Market of Japan is projected to reach USD 169.40bn in 2024, growing at a CAGR of 9.8% during the forecast period, driving the market growth. Tokyo Treasures Co., Ltd., Kyoto Keepsakes Corporation, and Osaka Ornaments Ltd. are some of the significant parties in the market for Gifts Novelty and Souvenirs in Japan.

Gifts Novelty and Souvenirs Market Growth Drivers and Challenges

Growing Tourism and Travel Industry:

The growth of the Gifts, Novelty, and Souvenirs Market is significantly fueled by the booming tourism and travel industry. Tourists often seek tangible reminders of their experiences, leading to a substantial demand for souvenirs and novelty items. Whether it's a quirky trinket or a culturally significant artifact, these items serve as cherished mementos, driving sales in popular tourist destinations worldwide. As global travel continues to rise, so does the market opportunity for businesses within this sector.

Competition and Pricing Pressures:

 The market faces competition from a wide range of retailers, including brick-and-mortar stores, online platforms, and specialty gift shops. Intense competition may lead to pricing pressures and margin erosion, especially for commoditized gift items and souvenirs, affecting the profitability of businesses operating within the market.

Gifts Novelty and Souvenirs Market Segmentation

Our experts at KD Market Insights have segmented the global Gifts Novelty and Souvenirs market research report as:

Gifts Novelty and Souvenirs Market Regional Synopsis

The Asia Pacific Gifts Novelty and Souvenirs market is majorly driven by rapid urbanization, increasing disposable incomes, and a blooming tourism industry. The demand for unique and culturally relevant products. Moreover, the region's diverse cultural heritage and vibrant tourism destinations create opportunities for souvenir purchases. Also, the rise of e-commerce platforms enhances accessibility to a wide range of novelty items and gifts. As consumer preferences incline towards experiential and personalized products, the Asia Pacific region rises as a key market for the Gifts, Novelty, and Souvenirs industry. Throughout the past decade, the Asia-Pacific region has experienced dramatic increases in domestic and international tourist arrivals, as well as increases in tourist receipts leading to increased purchases of gifts and other items, driving the market growth.

As per our analysts at KD Market Insights, the following five players lead the Asia Pacific Gifts Novelty and Souvenirs market growth:

• Pacific Gifts Co.
• AsiaSouvenir Creations
• NoveltyAsia Ltd.
• SouvenirWorld Asia
• Oriental Gift Emporium

Gifts Novelty and Souvenirs Market Competitive Landscape

Some of the key players who top the global Gifts Novelty and Souvenirs market share:

• Pacific Gifts Co.
• EuroNovelties Ltd.
• Tokyo Treasures Co., Ltd.
• New York Souvenir Emporium
• London Keepsakes Ltd.
• Parisian Trinkets SAS
• Seoul Souvenir Mart
• Italian Novelty Imports S.p.A.
• Canadian Curiosities Inc.
• Shanghai Souvenir World Co., Ltd.

Gifts Novelty and Souvenirs Market Recent Developments

• Sanrio stated that it has partnered with Universal Studios Japan for introducing a range of exclusive Hello Kitty-themed merchandise. These merchandise majorly include apparel, novelty items, and limited-edition souvenirs.
• Tokyu Hands stated that it has launched its new line of eco-friendly souvenirs developed in collaboration with local artisans from various regions across Japan.

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Gifts Novelty and Souvenirs Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Type
      2. By Application
      3. By Region
5. Market Segmentation by Type
   1. Souvenirs and Novelty
   2.  Seasonal Decorations
   3.  Greeting Cards
   4. Giftware
   5. Others
6. Market Segmentation by Application
   1. Online Retail
   2.  Offline Retail
7. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Type and Application
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
8. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1.  Pacific Gifts Co.
      2. EuroNovelties Ltd.
      3. Tokyo Treasures Co., Ltd.
      4. New York Souvenir Emporium
      5. London Keepsakes Ltd.
      6. Parisian Trinkets SAS
      7. Seoul Souvenir Mart
      8. Italian Novelty Imports S.p.A.
      9. Canadian Curiosities Inc.
      10. Shanghai Souvenir World Co., Ltd.
9. Strategic Recommendations
10. Appendix
    1. List of Tables
    2. List of Figures
11. References