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Gifts Novelty and Souvenir Market Size, Share & Trends Analysis Report By Type (Souvenirs and Novelty, Seasonal Decorations, Greeting Cards, Giftware, Others), By Material (Wood, Metal, Ceramic, Textile, Plastic, Glass), By Price Range (Low, Mid, High), By Occasion (Birthdays, Holidays, Anniversaries, Travel, Corporate Gifting), By Distribution Channel (Online Retailers, Brick-and-mortar Stores, Specialty Gift Shops, Tourist Attractions) and By Region (North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2026-2034

Last Updated: October 22, 2026 | Author: Preeti Bhagat | Format:

Gifts Novelty and Souvenir Market Size & Growth Analysis

The global gifts novelty and souvenir market size was valued at USD 14.33 billion in 2025 and is projected to grow from USD 14.89 billion in 2026 to USD 20.22 billion by 2034, registering a CAGR of 3.9% during the forecast period (2026–2034). North America dominated the gifts novelty and souvenir market with a market share of 35.4% in 2025.

The gifts novelty and souvenir industry includes products purchased for gifting, commemorating events, personal expression, and preserving memories. These products include decorative items, personalized gifts, greeting cards, keepsakes, collectibles, and souvenirs associated with destinations, celebrations, or special occasions. Gifts, novelty and souvenirs are commonly classified under HSN Code 9505 (Festive, carnival or other entertainment articles, where applicable) and SIC Code 5947 (Gift, novelty and souvenir shops). 

Gifts Novelty and Souvenir Market Key Takeaways

Global Market Size & Growth

2025 Market Size
USD 14.33 Billion
2026 Market Size
USD 14.89 Billion
2034 Projected Market Size
USD 20.22 Billion
Forecast Period
2026–2034
Base Year
2025
Market CAGR (2026–2034)
3.9%

Regional Insights

Largest Regional Market (2025)
North America
North America Market Share (2025)
35.4%
Fastest-growing Region
Asia Pacific
Asia Pacific CAGR (2026–2034)
7.4%

Segment Insights

By Type
Leading Segment
Giftware
Market Share in 2025 28.3%
By Material
Fastest-growing Segment
Textile
CAGR 6.5% (2026–2034)
By Price Range
Leading Segment
Mid
Market Share in 2025 43.5%
By Occasion
Fastest-growing Segment
Corporate Gifting
CAGR 7.2% (2026–2034)
Gifts Novelty and Souvenir Market Size

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Gifts Novelty and Souvenir Market Dynamics

01

International Tourism and Personalized Souvenir Preferences Drive Market

Higher tourist activity expands the pool of consumers purchasing gifts and souvenirs to commemorate destinations and travel experiences. UN Tourism reported that international tourist arrivals increased by 5% in the first quarter of 2025, supporting continued visitor activity across destinations. Greater visitor traffic creates more opportunities for airports, attractions, hotels, and destination retailers to sell souvenirs and novelty products. This expanding tourism ecosystem strengthens demand for destination-themed merchandise and travel gifts.

Consumer interest in personalized gifting encourages retailers and manufacturers to offer customized souvenirs featuring names, dates, photographs, and destination-specific designs. Etsy's 2025 seller guidance identified personalized and meaningful gifts as important themes for seasonal gifting, supporting opportunities for customized product offerings. Personalized products allow sellers to command differentiated price points and create products for specific occasions, strengthening demand across online and physical souvenir channels.

01

Tourism Seasonality and High Physical Store Operating Costs Restrain Market Expansion

Seasonal tourist flows and major gifting periods create uneven sales patterns for souvenir retailers and manufacturers. Lower visitor traffic during off-peak periods can reduce store sales and leave businesses with weaker revenue utilization. This seasonality can limit cash flow stability and make sustained market expansion more difficult.

High rents, staffing expenses, utilities, and location-related costs can place pressure on physical souvenir retailers, particularly in airports, tourist attractions, and high-traffic destinations. Higher operating expenses can reduce margins and discourage smaller businesses from opening additional locations. This cost pressure can restrict retail expansion and slow market growth.

01

Corporate Gifting and Licensed Merchandise Growth Offer Growth Opportunities

Corporate gifting programs are creating opportunities for gift manufacturers, promotional-product suppliers, and retailers to develop branded merchandise for employee recognition, client engagement, and business events. Customized gift sets, branded accessories, and bulk orders can generate recurring revenue through corporate contracts and seasonal programs. Companies such as 4imprint can benefit by expanding customized promotional merchandise for businesses, contributing to gifts novelty and souvenir market growth.

Licensed entertainment and sports merchandise is creating opportunities for manufacturers, retailers, and licensing partners to develop officially branded souvenirs and collectibles. Licensed apparel, accessories, memorabilia, and novelty products can support premium pricing and generate royalty-based and retail revenue streams. Companies such as Fanatics can benefit from expanding licensed sports merchandise across online and physical retail channels.

Gifts Novelty and Souvenir Market Segmentation Analysis

By Type

The giftware segment accounted for a share of 28.3% in 2025, due to its wide selection of decorative products, personalized accessories, and functional presents suitable for varied recipients and celebrations.

The souvenirs and novelty segment is projected to register a CAGR of 6.4%, driven by demand for distinctive keepsakes that capture travel memories and represent local heritage, landmarks, and cultural traditions.

Gifts Novelty and Souvenir Market Size By Segments

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By Material

The plastic segment accounted for a share of 21.6% in 2025, supported by its affordability, lightweight properties, and adaptability for manufacturing colorful ornaments, customized trinkets, and decorative merchandise.

The textile segment is forecast to record a CAGR of 6.5%, fueled by interest in embroidered keepsakes, personalized fabric accessories, and reusable products that combine practical utility with decorative appeal.

By Price Range

The mid segment accounted for a share of 43.5% in 2025, shaped by the balance between product quality, attractive designs, and accessible pricing, making these items suitable for routine gifting and special celebrations.

The high segment is anticipated to expand at a CAGR of 6.5%, propelled by demand for premium craftsmanship, exclusive designs, and customized luxury presents among consumers seeking distinctive gifting experiences.

By Occasion

The holidays segment accounted for a share of 28.6% in 2025, attributed to established seasonal traditions that encourage purchases of festive decorations, themed merchandise, and presents for family and friends.

The corporate gifting segment is projected to register a CAGR of 7.2%, driven by organizational demand for branded merchandise, employee recognition gifts, and customized products that strengthen professional relationships.

By Distribution Channel

The brick-and-mortar stores segment accounted for a share of 34.7% in 2025, owing to shoppers’ preference for examining product quality firsthand, assessing designs in person, and obtaining gifts immediately.

The online retailers segment is forecast to record a CAGR of 8.1%, fueled by convenient product comparisons, extensive assortments, customer reviews, and home delivery services that simplify gift selection and purchasing.

Gifts Novelty and Souvenir Market Share By Segments

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Gifts Novelty and Souvenir Market Regional Outlook

North America Gifts Novelty and Souvenir Market

North America accounted for the largest regional share of 35.4% in 2025, reflecting its established tourism industry, extensive specialty retail networks, and consumer spending on destination-related merchandise. Popular attractions, cultural landmarks, and travel-related shopping support demand for locally themed gifts, keepsakes, and personalized souvenirs.

U.S. Gifts Novelty and Souvenir Market

The U.S. Department of Commerce forecasts international visitor arrivals to reach 70.5 million in 2026, an increase of 3.2%, and 85.2 million by 2030. International visitors also spent an estimated USD 145.4 billion on U.S. travel and tourism-related goods and services during January-July 2026, supporting opportunities for destination-themed merchandise, commemorative products, and gifts sold through tourist attractions and specialty retailers.

Canada Gifts Novelty and Souvenir Market

Destination Canada projects tourism spending to reach CAD 140.9 billion in 2026, up 6% from 2025, and CAD 216.3 billion by 2035. Statistics Canada also reported CAD 7.3 billion in non-resident tourism spending in Q2 2026, an increase of 1.0% quarter over quarter, creating a broader customer base for Canadian-themed keepsakes, locally crafted gifts, and destination merchandise.

North America Gifts Novelty and Souvenir Market Revenue Share 2025

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Asia Pacific Gifts Novelty and Souvenir Market

Asia Pacific is projected to register the fastest CAGR of 7.4% during the forecast period. International tourism, cultural attractions, and demand for distinctive local products support opportunities for souvenirs, traditional handicrafts, destination merchandise, and personalized travel gifts.

Japan Gifts Novelty and Souvenir Market

Japan's 2026-2030 inbound tourism strategy provides a policy framework for attracting international visitors and increasing tourism expenditure. Continued efforts to promote regional destinations and cultural experiences can strengthen demand for traditional crafts, locally produced confectionery, character merchandise, and souvenirs reflecting Japanese heritage.

China Gifts Novelty and Souvenir Market

China's tourism development plans target 190 million inbound tourist visits and more than USD 150 billion in annual inbound tourism spending by 2030, alongside initiatives to develop shopping clusters for international visitors. These objectives can expand retail opportunities for culturally themed gifts, traditional handicrafts, regional specialties, and destination-branded merchandise.

South Korea Gifts Novelty and Souvenir Market

South Korea recorded 15.05 million international visitors through August 2026, while tourism-related card spending reached KRW 14.018 trillion. Visitor spending across shopping districts, cultural attractions, and entertainment destinations can support demand for Korean beauty products, character merchandise, traditional crafts, and souvenirs associated with popular cultural experiences.

India Gifts Novelty and Souvenir Market

India's tourism development priorities include a target of 20 million international tourist arrivals by 2030, alongside continued investment in destination development and digital tourism services. Wider promotion of cultural heritage sites, religious destinations, handicrafts, and regional tourism can create opportunities for locally produced souvenirs, traditional gifts, and products reflecting India's cultural diversity.

Europe Gifts Novelty and Souvenir Market

The European gifts novelty and souvenir market is projected to register a CAGR of 4.9% during the forecast period. Established cultural destinations, international visitor activity, and demand for locally representative merchandise sustain opportunities for souvenirs, specialty gifts, regional crafts, and commemorative products.

U.K. Gifts Novelty and Souvenir Market

VisitBritain forecasts 44.2 million inbound visits and GBP 33.9 billion in visitor spending in 2026, while tourism activity is projected to reach GBP 161 billion by 2030. These forecasts indicate continued opportunities for souvenirs featuring British landmarks, heritage products, locally designed gifts, and merchandise sold through museums and tourist attractions.

Germany Gifts Novelty and Souvenir Market

Germany recorded 36.4 million international overnight stays in the first half of 2026, an increase of 0.5% year over year, while the German National Tourist Board anticipates further tourism activity during the year. Visitor traffic across historic cities, cultural attractions, and seasonal events can support demand for regional handicrafts, locally themed gifts, and destination-specific souvenirs.

Competitive Landscape

The gifts novelty and souvenir market is highly fragmented, with competition among gift manufacturers, specialty retailers, souvenir producers, licensed merchandise providers, and e-commerce sellers. Key players such as Hallmark Cards, Inc., American Greetings Corporation, and The Walt Disney Company collectively are estimated to account for approximately 20-25% of the global gifts novelty and souvenir market share.

Established players compete primarily on brand recognition, product variety, and licensing relationships. Emerging and specialized players in the gifts novelty and souvenir market ecosystem focus on unique designs, personalized products, and digital-first retail. Competitive positioning depends on product differentiation, cultural relevance, and customer experience.

List of Key and Emerging Players in Gifts Novelty and Souvenir Market

Hallmark Cards, Inc. (U.S.)
American Greetings Corporation (U.S.)
Disney Consumer Products, Inc. (U.S.)
Archies Limited (India)
Card Factory plc (United Kingdom)
The Walt Disney Company (U.S.)
Party City Holdco Inc. (U.S.)
Spencer Gifts LLC (U.S.)
The Yankee Candle Company, Inc. (U.S.)
Fossil Group, Inc. (U.S.)
Sanrio Company, Ltd. (Japan)
Enesco, LLC (U.S.)
Oriental Trading Company, Inc. (U.S.)
The Paper Store, Inc. (U.S.)
Zazzle Inc. (U.S.)
CafePress Inc. (U.S.)
Things Remembered, Inc. (U.S.)
PersonalizationMall.com, LLC (U.S.)
Redbubble Limited (Australia)
Moonpig Group plc (United Kingdom)

Key Industry Developments

May 2026
Hallmark expanded its gifts and keepsakes portfolio by launching new personalized gift collections featuring digital customization, seasonal designs, and experience-based gifting options.
March 2026
Etsy expanded its global marketplace for handmade gifts, novelty products, and personalized souvenirs by introducing enhanced seller tools and AI-powered shopping features.
December 2025
Amazon expanded its gift marketplace offerings by adding new personalized gift categories, curated collections, and improved recommendation technologies for shoppers.
September 2025
Disney expanded its merchandise and souvenir product range with new character-themed collectibles, limited-edition gifts, and experiential retail offerings.

Report Scope

Segmentation

By Type 5
  • Souvenirs and Novelty
  • Seasonal Decorations
  • Greeting Cards
  • Giftware
  • Others
By Material 6
  • Wood
  • Metal
  • Ceramic
  • Textile
  • Plastic
  • Glass
By Price Range 3
  • Low
  • Mid
  • High
By Occasion 5
  • Birthdays
  • Holidays
  • Anniversaries
  • Travel
  • Corporate Gifting
By Distribution Channel 4
  • Online Retailers
  • Brick-and-mortar Stores
  • Specialty Gift Shops
  • Tourist Attractions

Geographies Covered

North America 2
  • U.S.
  • Canada
Europe 8
  • U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Russia
  • Nordic
  • Benelux
APAC 7
  • China
  • Korea
  • Japan
  • India
  • Australia
  • Taiwan
  • South East Asia
Middle East and Africa 6
  • UAE
  • Turkey
  • Saudi Arabia
  • South Africa
  • Egypt
  • Nigeria
LATAM 5
  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Colombia
Competitive Coverage Hallmark Cards, Inc. (U.S.) · American Greetings Corporation (U.S.) · Disney Consumer Products, Inc. (U.S.) · Archies Limited (India) · Card Factory plc (United Kingdom)
Research Deliverables Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

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Frequently Asked Questions (FAQs)

The gifts novelty and souvenir market size is valued at USD 14.89 Billion in 2026 and is projected to reach USD 20.22 Billion by 2034, at a CAGR of 3.9% during the forecast period 2026-2034.

North America dominated the market with a share of 35.4% in 2025.

The top players in this market are Hallmark Cards, Inc., American Greetings Corporation, Disney Consumer Products, Inc..

The gifts novelty and souvenir market is projected to grow at a CAGR of 3.9% during the forecast period of 2026 2034.
About the Author
Preeti Bhagat
Preeti Bhagat
Research Analyst

Preeti Bhagat is a research professional with around more than three years of experience in the market research industry, specializing in market analysis, secondary research, market estimation, forecasting, and competitive intelligence. She has developed expertise across industries including Packaging and Consumer Goods, supporting businesses with data-driven insights into market dynamics, industry trends, competitive landscapes, and growth opportunities.

Her experience includes conducting comprehensive secondary research, market sizing, demand analysis, company profiling, competitive benchmarking, and trend assessment. She has hands-on experience with structured research methodologies, including top-down and bottom-up approaches, to assess market potential, growth opportunities, and future market performance.

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