The Direct Selling Market is being driven by Rapid growth in social media
The Direct Selling Market is expected to grow at a CAGR of 5.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 91.3 million. The global direct selling market is experiencing substantial growth due to the rising demand for personalized customer experiences. According to Salesforce, approximately 57% of online shoppers are prepared to share their personal data to receive customized offers or discounts. Furthermore, 58% of consumers acknowledge that personalized experiences are essential when making purchases from a company. By delivering tailored experiences, direct selling businesses can foster stronger relationships with their customers, enhance communication, and cater to specific customer requirements. This approach not only boosts brand loyalty and customer satisfaction but also contributes to long-term profitability.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
189 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.3% |
Market growth 2025-2029 |
USD 91.3 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
4.9 |
Key countries |
US, China, South Korea, Germany, Japan, UK, Australia, France, Indonesia, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Direct selling offers product validation through a direct-to-consumer business model, providing revenue opportunities and management skills for micro-entrepreneurs. Direct Selling Associations support this industry, which focuses on innovation in areas like chronic disorders, nutritional products, and sustainable cosmetics. Flexible hours, trust, and excellent customer service are key. Technology, including AI and online marketplaces, drives growth, while sustainability and environmental responsibility are crucial. Global economic trends, commissions, and income opportunities attract consumers in various retail environments. Rallyware's performance enablement platform and generative AI enhance business performance. Be wary of pyramid schemes, and prioritize transparency and consumer behavior understanding.
The direct selling market represents a significant segment within the broader retail industry, with revenue generated by companies that employ a direct-to-consumer distribution model. This market encompasses micro-entrepreneurship opportunities for associates, who validate products through personal demonstrations and sales. Direct Selling Associations play a crucial role in fostering industry growth and professional development, providing revenue opportunities for members. Key drivers for the expansion of the direct selling market include the increasing use of advanced mobile devices and high Internet penetration, enabling on-demand access to products and services. Technavio's market analysis includes revenue generated by companies offering direct selling services, such as door-to-door retailing and online marketplaces, in addition to traditional brick-and-mortar retailers and e-commerce platforms. Effective management skills are essential for success in this market, as associates must effectively engage with customers and build a strong network to succeed.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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