Subscription Box Market Overview:
According to the latest report by IMARC Group, titled “Subscription Box Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global subscription box market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global subscription box market reached a value of US$ 22.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 65.0 Billion by 2027, exhibiting a CAGR of 18.3% during 2022-2027.
A subscription box refers to a service of niche items packed and delivered in a box to the customers on a recurring basis like yearly, half-yearly or monthly. It has gained immense popularity due to its unique features like product curation by customers, surprise or mystery items inside the box, and aesthetic design. As a result, subscription boxes are widely used across various sectors, such as food and beverages, pet care, books, health and fitness, personal care and apparel.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Subscription Box Market Trends:
The global subscription box market is primarily driven by the expanding e-commerce industry and shifting consumer preferences toward personalized and curated products. Additionally, the introduction of long-term subscription services and the growing influence of social media have augmented the product demand.
Furthermore, various social media-based startups are adopting subscription boxes and collaborating with influencers, bloggers and vloggers to create brand awareness and maintain consistent revenue. Other factors, including numerous celebrity endorsements, rising disposable incomes and aggressive promotional activities by retailers, are also anticipated to create a favorable market outlook.
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Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
By IMARC group the report has also analyzed the competitive landscape of the market with some of the top Subscription Box Companies and Brands being-
Some of these key players include:
- Amazon Subscribe & Save (Amazon.com, Inc.) (NASDAQ: AMZN)
- BarkBox (BARK:NYSE)
- Birchbox (NASDAQ:WBA)
- Blue Apron Holdings Inc. (NYSE: APRN)
- Glossybox (The Hut.com Ltd.)
- Grove Collaborative Inc. (NYSE: GROV)
- HelloFresh SE (OTCMKTS: HELFY)
- Harry’s Inc.
- Loot Crate
- Personalized Beauty Discovery Inc.
- TechStyle Fashion Group
- Dollar Shave Club, Inc. (Unilever plc)
Key Market Segmentation Breakup by:
- Clothing and Fashion
- Food and Beverages
- Pet Food
- Baby Products
- Health and Fitness
- Replenishment Subscription
- Curation Subscription
- Access Subscription
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Subscription Box Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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Also Read: Social Commerce Market Research Report 2022-2027: https://techycons.com/social-commerce-market-overview-demand-size-report-2022-27/