Gift-giving traditions are equal to art, as they depend on various factors like the person you are gifting to, their personality, and their likes and dislikes. Considering these things, then we come to know the gifting trends of the particular time. The gifting trends are changing occasionally, so it’s crucial to search the trendy gifts first before purchasing any gift for your loved ones.
The latest research indicates that the size of the worldwide gifting market is estimated to reach USD 1157.01 billion by 2028 at a rate of 8.3%. Social media surveys reveal that most shoppers are shifting towards personalized gifts for family members or friends. Let’s explore together the most dominating gift trends in 2024 which you can get for your loved one for any occasion.
Gifting Trends 2024
Following are the top gifting trends you need to know this year.
1. Technological Gadgets and Smart Devices:
According to a survey by Statista in the United States, about
199 million adults will purchase tech-related products and services as gifts. Technological gadgets and
smart devices are the trendiest gifts this year. These include intricate and multifunctional smartwatches, kitchen appliances, and other smart home appliances.
Technological advancements portend a moment in the future when connection and efficiency live in harmony, enhancing convenience and changing the way we interact with our environment. The demand for cutting-edge technology never becomes less, but it’s increasing constantly.
2. Self-Care And Wellness Products:
In this fast-paced world, where people are mostly busy with work/life balance, and coping with different challenges, self-care goods are one of the best gift choices. Such
relaxation gifts show a sense of care and affection towards your loved ones. People prefer to purchase skin-care products, body-care sets, flowery perfumes, scalp massagers, and skin-care devices for those they care for.
According to a survey by Statista, 37% of people prefer self-care products as gifts. There are certain products for both him and her so that you can purchase such presents for anyone. These products have become trendy gifts in 2024 that people exchange with each other.
3. Sustainable and Environment-Friendly Gifts:
Reusable and eco-friendly products have become trendy gifts in today's environmentally conscious world. Almost 72% of corporations have added eco-friendly gifts into their gifting strategies by 2023 (Source: Greenbiz). This is a positive sign people have now become conscious of the environment and prefer these presents.
You can find various sustainable
candles, upcycles blankets, baskets,
kitchen sets, and clothing items in stores and online. These trendy gifts encourage others to adopt eco-conscious lifestyles by selecting presents that limit their negative effects on the environment. Giving environmentally friendly gifts also represents a tiny but significant step toward a more sustainable and greener future.
4. Personalized Accessories:
According to a Deloitte report,
36% of consumers are more willing to buy personalized products, underscoring the allure of personalization in gifting.
Personalized gifts include products like watches, phone cases, wallets, T-shirts, and jewelry. Customers are looking for thoughtful presents that capture the recipient’s personality, and leave a sense of affection towards them. As it has become a gifting trend, various online stores offer the service of personalized gifts delivered to your doorstep.
5. DIY and Handmade Gifts:
A survey by Etsy revealed that 88% of consumers believe they would rather spend more money on a handmade good than a mass-produced alternative. Whether it's handmade jewelry, candles, or skincare products, these presents highlight the imagination and work of the giver.
These presents are prized for their uniqueness and handmade quality, with a focus on authenticity and craftsmanship. A return to meaningful, handmade craftsmanship in an era of digital technology provides rapid pleasure to the recipient.
6. Subscription to Streaming Services:
Riding the wave of online entertainment, streaming services become the ultimate fashionable gift choice. Many blockbuster films and TV shows are available on subscriptions like Netflix and Disney+. Statista projects that by 2025, there will be an astounding 1.6 billion SVoD subscribers worldwide. With more and more people turning to streaming as their main form of entertainment, giving a Netflix or any such platform subscription has become a gifting trend of 2024.
7. Customized Photo Frames
Giving customized photo frames featuring pictures of you and your loved one together makes wonderful personalized gifts. This is also one of the gifting trends this year and the global picture frame market will expectedly rise to USD 14676.57 million in 2031 at a CAGR of 5.2% (Straits Research). Look through internet catalogs to find the ideal picture frame, or even better, create your own. Add embellishments to the photo frame to make it look more sophisticated and surprise your special someone.
8. Latest Fashionwears:
52% of international consumers bought clothes, shoes, and bags as gifts according to a poll by YouGov. The most trendy gifts of all time include fashionwear. Trendy clothing, footwear, and other wearables like handbags are exchanged mostly by
women on different occasions.
Look for the latest fashion trends before purchasing anything for someone. This has been a gifting trend for a long time and also in the present year 2024. Probably this trend is not going to end sooner.
9. Experiential Gifts:
In recent times, experiential gifts have become a popular trend as individuals place a higher value on making
experience gifts than obtaining material belongings. These presents provide the receivers with special and unforgettable experiences; they can be used for adventure sports, spa days, cooking classes, or travel vouchers.
92% of Americans would rather receive experiential gifts instead of material things (Source: Travel Agent Central). Experience-based presents are enjoyable and make enduring memories that will be treasured for years to come. Consequently, they have emerged as a favored option for those who want to give something genuinely exceptional and significant.
10. Giving Gift Cards
The global gift cards market size is
projected to hit $1,922.87 billion by 2027, growing at a CAGR of 15.4% (Source: MagePlaza). Gift cards give recipients the flexibility to select the things or experiences they want, giving them a practical and adaptable choice for givers. Whether it's for
Birthday Cards, Christmas, or any other special occasion. Gift cards are one of the trendiest gifts since they provide a handy solution for both givers and recipients, with a variety of options ranging from restaurants and shops to online platforms and entertainment venues.
Final Takeaway:
Examining the gift-giving scene in 2024 reveals a wide range of trends, including eco-friendly options and electronic gadgets. While DIY projects and fashion items demonstrate individuality and style, self-care goods and personalized accessories provide considerate choices. Subscriptions to streaming services offer a never-ending source of entertainment, and personalized photo frames preserve priceless moments. Experience-based presents guarantee unique moments, while gift cards provide versatility and options. Examining these tendencies reveals that forethought and affection are at the core of gift-giving. In a world full of possibilities, the most gifting trends for 2024 will be those that showcase the recipient's distinct preferences and passions, leaving a lasting impression and priceless memories.