2024
9
US Gifting Market Report 2024
2024-03-21T10:03:02+00:00
REP81DFFD72_C046_42A8_A79D_D3AADEEB9704
4995
171743
[{"name":"Retail","url":"https:\/\/store.mintel.com\/industries\/retail"},{"name":"Market Intelligence Reports","url":"https:\/\/store.mintel.com\/report-type\/market-intelligence-reports"},{"name":"US","url":"https:\/\/store.mintel.com\/markets\/us-market-research"}]
Report
en_GB
As consumers rise from tough times, gifting is set to glow anew. Behaviors will evolve and tech adoption will increase, as will willingness to spend on gifts. Marisa Ortega,…
US
Retail
simple

US Gifting Market Report 2024

Explore consumer gifting behavior with this in-depth report. Covering the US gifting market and trends impacting growth, you’ll gain pivotal insights into how to adapt your retail strategy to real preferences.

Below, we’ve summarized the core areas analyzed and provided hand-selected findings from the full document.

Core Areas Analyzed

  • Macroeconomic factors impacting gifting.
  • Occasions when gifting is a common practice.
  • Types of items bought as gifts.
  • Resources used to find gifts.
  • Usage and attitudes toward gift registries.
  • Attitudes toward the exchange of gifts.

US Gifting Market Overview

Consumers are currently still cautious with their discretionary spending. Scaling back on self-gifting and being selective about gifting occasions are only two indicators of a shift in the US gifting industry. However, this slow-down may not last, as Mintel predicts a more positive shift in consumer behavior. With economic conditions continuing to improve, a resurgence with changes in gifting behavior may take place.

Consumer Gifting Behavior

While consumers are shopping for gifts across occasions, participation is still yet to reach pre-pandemic levels. Among those buying gifts, consumers aged 25-44 are gifting the most, indicating various occasions to celebrate.

Gifts are usually safe options

Consumers have a plethora of choices when it comes to gifting. Even so, safer options are the go-to, with categories like gift cards leading. Brands can make the gift-choosing process easier by offering occasion-specific recommendations, as this report’s heat map of occasion gift types shows occasion heavily influences the gift bought.

Recipients want meaningful gifts

Above all, gift recipients want a meaningful gift, and close to this is something practical/useful. As consumers age, a practical or useful gift becomes more important, as 59% of those aged 55+ want this. Older consumers are also less fussy when it comes to receiving gifts. Combining these factors, brands can focus on marketing gifts to older consumers as an appreciated gesture and preferably, as something useful.

Buy the full report for a comprehensive review of gifting behaviors, occasions, recipient preferences, and more. You may also be interested in our other retail market research.

Additional Features Included in Your Report

  • Different Digital Formats: PDF for conveniently sharing with your team, PowerPoint for quickly including in your presentations.
  • Custom PowerPoints: Incorporate our consumer research data into your own work so you can win over your clients and stakeholders. Select insights from your report to create a custom presentation that is ready to download in minutes.
  • Interactive Databook: Each Databook is provided as an interactive website where you can deep dive into our consumer research data on your chosen topic so you can draw your own conclusions.
  • Mintel’s Clients Portal: Our portal provides instant access to actionable analysis, podcasts, and trend pieces relevant to your industry that are published almost daily, as well as our annual Global Consumer Trends. You can also browse our extensive library of market research reports.

Expert Analysis

Leading retail analyst Marisa Ortega delivers expert industry insights with this in-depth report.

As consumers rise from tough times, gifting is set to glow anew. Behaviors will evolve and tech adoption will increase, as will willingness to spend on gifts.

Marisa Ortega - Retail and eCommerce Analyst
Marisa Ortega
Retail & eCommerce Analyst

Collapse All
    • Key issues covered in this Report
  1. Executive Summary

  2. Consumer Insights

    • Consumer fast facts
    • Consumer fast facts (continued)
    • Gifting occasions
    • Graph 1: participation in gifting occasions in the past 12 months, 2019-24
    • Graph 2: participation in gifting occasions in the past 12 months, by age, 2024
    • Graph 3: repertoire of gifting occasions, by age, 2024
    • Graph 4: participation in gifting occasions in the past 12 months, by race and Hispanic origin, 2024
    • Retailers shopped
    • Graph 5: retailers shopped, 2023-24 – NET – any shopping
    • Graph 6: retailers shopped, by key demographics, 2024 – NET – any shopping
    • Types of gifts
    • Graph 7: types of gifts, 2024
    • Graph 8: select types of gifts, by occasions, 2024
    • Graph 9: types of gifts, by age, 2024
    • Graph 10: types of gifts, by parental status, 2024
    • Graph 11: types of gifts, by parental status, 2024
    • Gift preferences
    • Graph 12: gift preferences, 2024
    • Graph 13: gift preferences, by age, 2024
    • Graph 14: gift preferences, by race and Hispanic origin, 2024
    • Resources used to find gifts
    • Graph 15: resources used to find gifts, 2024
    • Graph 16: resources used to find gifts, by gender, 2024
    • Graph 17: resources used to find gifts, by age, 2024
    • Gift registries
    • Graph 18: experience with gift registries, by key demographics, 2024
    • Graph 19: attitudes toward gift registries, by age, 2024
    • Attitudes toward receiving and giving gifts
    • Graph 20: attitudes toward receiving and giving gifts – the emotional aspect, by key demographics, 2024 – NET – agree
    • Graph 21: attitudes toward receiving and giving gifts – economical behaviors, by age, 2024 – NET – agree
    • Graph 22: attitudes toward giving and receiving gifts – economical behaviors, by race and Hispanic origin, 2024 – NET – agree
    • Graph 23: attitudes toward receiving and giving gifts – preloved gifts, 2024 – NET – agree
    • Graph 24: attitudes toward receiving and giving gifts – preloved gifts, by gender and age, 2024 – NET – agree
  3. Competitive Strategies

    • Opportunities
  4. The Market

    • Market drivers
    • Graph 25: quarterly real GDP growth, 2020-23
    • Graph 26: headline CPI, core CPI, and shelter CPI, 2021-24
    • Graph 27: opinions on financial future, 2024
    • Graph 28: median age at first marriage, by gender, 2011-21
    • Graph 29: annual general fertility rate, 2010-21
    • Market landscape
    • Graph 30: total retail sales in November and December, in current dollars, 2012-23
    • Graph 31: total expected spending on select occasions, in current dollars, 2012-23
  5. Appendix

Mintel: Market Intelligence Made Easier

The first Mintel Market Intelligence report was published over 50 years ago. Since then, we have provided our unique insights and understanding of consumers, innovation and global markets to thousands of customers worldwide. Here’s why our customers rely on Mintel:

  • Gain a comprehensive, 360-degree view of the market: Mintel reports blend consumer research, market forecasts, product innovation tracking, and competitive analysis, allowing businesses to see every angle of their industry and identify new opportunities quickly.
  • Make decisions with confidence, grounded in robust data: Each report draws on up-to-date, reliable information from trusted sources and industry experts, ensuring your strategies are based on solid evidence rather than speculation.
  • Benefit from expert analysis and practical recommendations: Mintel’s reports are written by experienced analysts who interpret complex data and provide clear, actionable insights you can trust to guide your next moves.
  • Stay ahead with actionable intelligence on market trends and consumer behaviour: By combining fresh research with long-term market monitoring, our reports help businesses anticipate changes and adapt strategically. So you’re prepared to make informed decisions and drive growth.

What goes into a Mintel Market Intelligence Report?

Curious about how a Market Intelligence report comes together? We like to think of it as building a detailed puzzle. We start with individual pieces: data from consumers, market statistics, industry trends, and online conversations. Then our expert analysts add world-class human insight and industry knowledge. The pieces are assembled to reveal a clear, comprehensive picture of a market.

The Four Pillars of Our Research

We use a combination of four main research methods when creating our reports, each adding a valuable perspective:

  • Consumer Research: Direct surveys with real people, giving us clear, current insights into what people think and do.
  • Desk Research: In-depth review of trusted data sources. We use this rich database, plus powerful internal tools that track new products and market sizes, to detect trends and guide forecasts.
  • Trade Research: Insights from conversations with industry experts. Their real-world experience helps us understand what’s happening behind the scenes.
  • Brand and Social Media Research: Analysis of online opinions and trends. This lets us spot trends, measure brand sentiment, and capture feedback in real time, adding further depth to our research.

For further information about our research and analysis methods, visit our helpdesk.

Bringing It All Together

Each of these four pillars provides a different piece of the puzzle. Consumer research tells us what customers think, desk research provides the factual framework, trade research offers an insider’s view, and social media analysis reveals public sentiment.

Our expert analysts are skilled in weaving these diverse data streams together. They apply a range of quantitative and qualitative analysis techniques to uncover the deeper story, connecting the dots to deliver clear, actionable insights. This comprehensive, multi-layered process is how we transform raw data into a market intelligence report you can trust to inform your most important business decisions.

For a closer look at a Mintel Market Intelligence Report, take a look at the sample PDF report below:
Please Note: All of the figures, graphs, and tables in this sample report have been redacted.
$ 4,995 (Excl.Tax)
  • Download today with instant access
  • Multiple formats provided
  • Interactive databook included
  • Save 10% on all orders with the code INSIGHTS2026
Add to cart

Next Starts Here

Whatever your business needs, we have the solution. From market intelligence reports to customised growth strategies.

Learn more

Trusted by global industry leaders

Abacus logo

There is no question that Mintel is the go-to resource for the best quality market research, but I did not think it was an affordable option for Abacus Marketing to consider. As a small marketing agency, we only work with a few new clients each year.

However, we have a very high-end consultative approach to our work, so we really do need a partner like Mintel to provide the big agency experience we are always aiming to deliver. Our clients come from an incredibly diverse range of industry sectors, so we obviously need access to market research reports from a very wide spectrum of marketplaces – and that is precisely what we got.

Stephen Taylor-Brown, Managing Director, Abacus
Jackman logo

At Jackman, we believe that powerful strategies are based on human insight. Mintel’s leading-edge reports and insights into consumer attitudes and behaviors are an important input as we develop and execute strategy.

Alana Gavin, VP Research and Insights, Jackman
Bauer Media Group logo

We have such a great working relationship with Mintel on lots of different levels. As an insight partner, they have helped us to develop our business planning in specific categories as well as supporting our creative process but they’ve also been super helpful with facilitating our events in their inspirational offices near St Paul’s.

They’re an innovative company, with a client-focused team that always delivers.

Abby Carvosso, Group Managing Director, Bauer Media Group
Epsilon logo

We utilize Mintel Reports, Trends and Comperemedia to mine for insights across the numerous business verticals that Epsilon serves, such as CPG, automotive, telecom, healthcare/pharma, retail and financial services.

By integrating Mintel insight into new business opportunities, we have been able to gain the competitive edge necessary to advance partnerships with global brands and key business players.

For our organization, it’s about depth and breadth. Having one without the other doesn’t enable success in our business.

Virginia Harvey, Secondary Research Manager, Epsilon
VML logo

We use Mintel to inform our thinking and reinforce strategy. If you’re presenting new ideas, it’s essential they are underpinned by robust data and evidence, and clearly rooted in fact.

Mintel gives us all that. It’s a great brand and one that is trusted by clients.

Marie Stafford, European Director, The Innovation Group, VML

Next Starts Here

Whatever your business needs, we have the solution. From market intelligence reports to customised growth strategies.

Learn more