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Global Subscription Box Market to Reach USD 62.89 Billion by 2027, Aided by the Growing Influence of Social Media

According to a new report by EMR titled, ‘Global Subscription Box Market Report and Forecast 2022-2027’, the global subscription box market size attained a value of more than USD 23.18 billion in 2021. The market is expected to grow at a CAGR of 18.1% in the forecast period of 2022-2027 to reach a value of USD 62.89 billion by 2027.

A subscription box is a service that delivers specialty items automatically on a regular basis, such as monthly, biannually, or annually. A few of the distinguishing features of subscription boxes are consumer-curated products, surprises or mystery items inside the box, and an aesthetic representation of the contents.

 

Subscription boxes are primarily being driven by the rapid growth of e-commerce and the acceptance of social media trends. The popularity of several social media blogs and celebrity endorsements, particularly among the urbanised and millennial population, is further boosting the demand for the product. Retailers are meanwhile using a range of marketing strategies to broaden their clientele in a range of markets, including fashion, food and drink, cosmetics, and personal care. To foster greater customer loyalty and cater to specific customer tastes and preferences, many merchants are introducing extended subscription services.

 

As a result, numerous social media-based businesses are using subscription boxes to increase brand awareness, generate consistent income, and advance integrated marketing. These companies are also collaborating with a variety of bloggers, vloggers, and influencers to promote their products on social media, which will further aid the market expansion.

 

The distributors can draw customers interested in international goods due to the subscription box business methods. The global subscription box market is being driven by the increase in mergers and acquisitions following the pandemic. For instance, the British online cosmetics business "Cult Beauty" was purchased by The Hut Group (THG) for GBP 275 million in August 2021. The parent company of The Hut.com Ltd. is The Hut Group. With its range of beauty and self-care products, Cult Beauty now has active customers. As a result, THG Beauty's inventory will grow, its digital marketing capabilities will improve, and the market for subscription boxes will grow.

 

Market Analysis by Type, Applications, and Regions:

  • Replenishment subscription, curation subscription, and access subscription are the types in the market.
  • Health and fitness, beverages, apparel, education, personal care and cosmetics, books, and other applications are explored in the market.
  • The regional markets for subscription box include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

 

Key Findings of the Report:

  • Several premium brands in the fashion and cosmetics sectors are introducing subscription boxes, offering free product trials and offering deep discounts, which is propelling industry growth.
  • Over the course of the forecast period, rising consumer preferences for curated products and personalised goods will continue to fuel the global subscription box market.
  • Long-term subscription services are anticipated to offer industry participants attractive prospects.
  • The market expansion of subscription boxes is being further fuelled by the rising global acceptance of online shopping.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the global xx market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for the types, applications, and major regions of subscription box.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the global subscription box market are Amazon.com, Inc., Dollar Shave Club Inc., The Hut.com Ltd., TechStyle Fashion Group, Blue Apron Holdings Inc., and Barkbox, among others.

 

The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

 

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

 

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

 

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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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