Overview and Scope
A subscription box is a collection of tangible items that are given to clients on a regular basis in boxes.
Sizing and Forecast
The subscription box market size has grown rapidly in recent years. It will grow from $31.4 billion in 2023 to $36.8 billion in 2024 at a compound annual growth rate (CAGR) of 17.2%. The growth in the historic period can be attributed to consumer education, initial subscription hype, supply chain optimization, convenience and time-saving, entrepreneurial culture..
The subscription box market size is expected to see rapid growth in the next few years. It will grow to $71.77 billion in 2028 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to personalization and customization, innovative packaging and presentation, value-oriented packages, customer engagement strategies.. Major trends in the forecast period include customer experience enhancement, subscription flexibility, social media influence, market diversification, value for money, sustainability and eco-friendly products..
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Segmentation & Regional Insights
The subscription box market covered in this report is segmented –
1) By Type: Replenishment Subscription, Curation Subscription, Access Subscription
2) By Gender: Male, Female
3) By Application: Health And Fitness, Food And Beverages, Apparel, Education, Personal Care And Cosmetics, Books, Other Applications
North America was the largest region in the Subscription box market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the subscription box market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Significant growth in the e-commerce sector is expected to propel the growth of the subscription box market going forward. The e-commerce sector refers to a business that involves the exchange of products and services, and the sending of money or data across an electronic network, most notably the internet. E-commerce involves continuous packing and fulfillment processes on a recurrent basis to deliver subscription boxes to customers that can improve the customer’s lifetime value significantly. For instance, in August 2022, according to a report published by the U.S. Census Bureau, a US-based statistical agency, the total retail sales of products through e-commerce platforms in 2021 were $240.9 billion, which then increased to $257.3 billion in 2022 the United States. Therefore, significant growth in the e-commerce sector is driving the growth of the subscription box market.
Key Industry Players
Major companies operating in the subscription box market report are The Hut Group Limited, TechStyle Fashion Group, Amazon.com Inc., BarkBox, Blue Apron Holdings Inc., Dollar Shave Club Inc., FabFitFun Inc., Grove Collaborative Inc., Harry’s Inc., HelloFresh SE, Loot Crate LLC, FemTec Health Inc., Colgate-Palmolive Company, Try The World LLC, Sips By, Personalized Beauty Discovery Inc., Unilever plc, Kroger Co., BFA Industries Inc., KiwiCo Inc., Causebox Inc., Winc Wine Club, Nestlé SA, ButcherBox Inc., Scentbird Inc., Stitch Fix Inc., Nordstrom Inc., Frank And Oak Inc., MeUndies Inc., The Edgewell Personal Care Company
The subscription box market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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