About India Online Gifting
India's online gifting market is escalated to a whole new level while simultaneously increasing people’s expectations. Surging economic growth, rising disposable incomes, aspirations, the idea of long-distance/overseas gifting and exposure are the major factors driving the market growth in India. Evolution and advancement in digital technologies, application of AI-driven technologies, and machine learning will further drive the market growth during the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
India Online Gifting is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IGP.com (India), Ferns N Petals (India), GiftingBazar.com (India), ExcitingLives.com (India), Giftsvilla (India), AskMyGift (India), Giftxoxo (India), Sweets N Petals (India), BigSmall (India) and Wedtree (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Qwikcilver Solutions (India) and Giftease (India).
Segmentation Overview
AMA Research has segmented the market of India India Online Gifting market by Type (Flowers, Cakes, Plants and Others), Application (Festive, Personal and Corporate) and Region.
On the basis of geography, the market of India Online Gifting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Change in Personal Buying Behaviours and Increasing Purchasing Power of the Millennials, Increasing Trend in Online Gifting Industry in India and Increasing Online Digital Transformation, Increasing Internet Services, and Smartphone Penetration
Market Growth Drivers:
Growing Market of E-Commerce in India and A Large Number of Indian Customers are technically adept and Prefer to Receive Services that are both Convenient and Economically Viable
Challenges:
Growing Competitors in the India Online Gifting Market
Restraints:
Risk of Fraud Related Activities with the Online Gifts
Opportunities:
Change in Gifts and Gifting Styles are Subject to a Continuous Chain of Changes Every Decade and it is the Online Gifting Industry that will pounce on this Opportunity
In January 2022, Sweets N Petals empowers its customers with the best inaugural offers as well as complete gifting ranges. The online gifting website offers all its customers up to 25% inaugural discount offers, some additional discount offers on completing payment within a stipulated time, and many more attractions. Furthermore, the website is currently offering the lowest price guarantee or match the price offer and also the lowest delivery charges in the industry. Sweets N Petals also offers a completely safe delivery experience through a rigorous well-sanitized process, combined with some other safety steps like temperature check of their employees, compulsion of wearing gloves and masks, and maintaining safe distances through contactless delivery.
Key Target Audience
India Online Gifting Provider, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.