The latest report by IMARC Group, titled “Subscription Box Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global subscription box market research. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global subscription box market size reached US$ 28.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 73.6 Billion by 2028, exhibiting a growth rate (CAGR) of 16.5% during 2023-2028.
Subscription boxes represent packages of niche retail products sent directly to a customer on a recurring basis. They provide an opportunity for the item companies to reach numerous clients for their product trial and the shopper gets the new item periodically. These boxes are used by subscription-based e-commerce businesses, also called as sub com, wherein enterprises sell products individually and offer daily, weekly, monthly, annual, or seasonal access to an item or service. As a result, they are extensively adopted across clothing and fashion, beauty, food and beverage (F&B), baby products, health and fitness, and other sectors.
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Subscription Box Market Trends:
The escalating demand for personalized and curated items among consumers is primarily augmenting the subscription box market. Furthermore, the launch of free product trials and heavy discounts through the adoption of these packages by several luxury brands in the fashion and cosmetics sectors is positively influencing the market growth. Apart from this, the rising utilization of subscription boxes by social media-based start-ups for creating brand awareness, maintaining consistent revenue, and promoting built-in marketing is also bolstering the global market.
Moreover, the elevating demand for these packages among various sectors to introduce long-term registration services for developing customer loyalty and catering to specific client tastes and preferences is acting as another significant growth-inducing factor. Besides this, the increasing influence of numerous social media blogs and celebrity endorsements is further catalyzing market growth. Additionally, the inflating disposable income levels and the shifting preferences of the masses toward personalized shopping and curated items are expected to drive the subscription box market in the coming years.
Competitive Landscape:
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)
- FabFitFun
- Harry’s Inc.
- Loot Crate
- Personalized Beauty Discovery Inc.
- TechStyle Fashion Group
- Dollar Shave Club, Inc. (Unilever plc)
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Key Market Segmentation:
Breakup by Application:
- Clothing and Fashion
- Beauty
- Food and Beverages
- Pet Food
- Baby Products
- Health and Fitness
- Others
Breakup by Type:
- Replenishment Subscription
- Curation Subscription
- Access Subscription
Breakup by Gender:
- Male
- Female
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)
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- 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:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- 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.
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