A comprehensive overview of the Subscription E-Commerce market is recently added by UnivDatos Market Insights to its humongous database. The Subscription E-Commerce report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Subscription E-Commerce market. Subscription E-Commerce report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates Subscription E-Commerce at the global and regional levels. The Subscription E-Commerce Market is expected to grow at a CAGR of 72.9% from 2021-2027 to reach US$ 2,643.6 billion by 2028.
Subscription boxes or subscription-based business model refers to a recurring delivery of products as part of a marketing strategy and a method of product distribution. With a target to cater to wide range of customers portfolio with their specific needs and specifications, it is estimated to continue its double-digit growth in years to come. It has been further estimated that that there are 400 to 600 different kinds of subscription boxes in the United States alone and more overseas.
Subscription e-commerce business has been booming owing to several factors apart from convenience and cost efficiency. It has been observed that more than 12% of the existing online shoppers have signed up for one or more subscription services. Modern lifestyles and changing consumer behavior, as well as accelerating disposable income and the assurance to deliver quality services thereby leading to positive user experience has tremendously flourished the market potential in recent years.
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The COVID-19 crisis accelerated an expansion of e-commerce towards new firms, customers and types of products. It has provided customers with access to a significant variety of products from the convenience and safety of their homes, and has enabled firms to continue operation in spite of contact restrictions and other confinement measures. The subscription growth rate for digital news and media grew 110% in March through May 2020 compared to the previous 12 months due to increased consumer interest in news updates.Also, SubscriptionEconomy IndexTM (SEI), subscription revenue grew by more than 350% for the past seven-and-a-half years as recurring revenue-based business models exploded
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Subscription E-Commerce Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Application, the market is primarily bifurcated into
- Beauty and Personal Care
- Food and Beverage
- Clothing and Fashion
- Health and Fitness
The beauty and personal care segment dominated the application segment and gathered 29.3% of the Subscription E-Commerce Market in 2020. Moreover, the market of this segment is expected to grow at72% CAGR to reach US$ 742.7 billion by the year 2028.
- By Payment Mode, the market is primarily bifurcated into
- Offline Mode
- Online Mode
The online segment grabbed the major market share in 2020 dominated the payment mode type. The segment gathered 69.6% of the Subscription E-Commerce Market in 2020. Moreover, the market of this segment is expected to grow at 72.9% CAGR to reach US$ 1,84.2 billion by the year 2028.
By End-User, the market is primarily segmented into
Based on the End-User, the women segment accounted for the largest share and is expected to grow at 70.8% CAGR during the forecast period 2021-2028. In 2020, the women segment generated a revenue of US$ 18.9 billion.
Subscription E-Commerce Market Geographical Segmentation Includes:
- North America
- Rest of the World
Based on the estimation, the North America region dominated Subscription E-Commerce Market with almost US$ 22.7 billion in revenue in 2020. The market of the region would proliferate owing to the surging end-users preference for online shopping.
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The major players targeting the market includes
- Dollar Shave Club
- Blue Apron Holdings
- Hello Fresh
- Edge well Personal Care (Harry’s)
- Personalized Beauty Discovery
- Nature Delivered
- The Walt Disney Company
The degree of competition among prominent regional companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in Subscription E-Commerce Market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
- What are the latest trends, new patterns, and technological advancements in the Subscription E-Commerce Market?
- Which factors are influencing the Subscription E-Commerce Market over the forecast period?
- What are the global challenges, threats, and risks in Subscription E-Commerce Market?
- Which factors are propelling and restraining Subscription E-Commerce Market?
- What are the demanding global regions of the Subscription E-Commerce Market?
- What will be the global market size in the upcoming years?
- What are the crucial market acquisition strategies and policies applied by global companies?
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