(MENAFN- IMARC Group) 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. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global subscription box market 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.

A subscription box refers to the auto-delivery service of niche-oriented items on a regular basis, such as half-yearly, monthly, or yearly. Some unique features of these packages include a surprise or mystery items in the box, the curation of products by the consumers, and aesthetic representation of the contents. Based on various products, subscription boxes find extensive utilization across several sectors, such as personal grooming and hygiene, health and fitness, food and beverages, childcare, apparel, books, pet care, etc.

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Subscription Box Market Trends:

The expanding e-commerce industry and the increasing penetration of social media movements are among the primary factors driving the subscription box market. Besides this, the leading retailers across various sectors, including cosmetics, food and beverages, personal grooming, apparel, etc., are introducing long-term services to develop customer loyalty and cater to specific consumer tastes and preferences, which is further augmenting the market growth. Moreover, the rising inclination of social media-based startups towards subscription boxes for maintaining consistent revenue, creating brand awareness, and promoting built-in marketing is also catalyzing the global market.

Apart from this, the escalating product demand, particularly among the urbanized and millennial population, owing to the emerging trend of online blogs and several celebrity endorsements, is acting as another significant growth-inducing factor. Additionally, the collaboration of startups with various social media bloggers, vloggers, and influencers to promote their derivatives is also stimulating the market growth. Furthermore, the elevating consumer preferences towards personalized items and curated products are anticipated to propel the subscription box market over the forecasted period.

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, Inc.) (NASDAQ: AMZN)
BarkBox (BARK:NYSE)
Birchbox (NASDAQ:WBA)
Blue Apron Holdings Inc. (NYSE: APRN)
Glossybox (The Hut 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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