What is the global market size of Direct Selling Market?

Direct Selling Market size was valued at USD 189.71 billion in 2021 and is poised to grow from USD 200.1 billion in 2022 to USD 322.7 billion by 2030, growing at a CAGR of 6.1% in the forecast period (2023-2030).

Global Direct Selling Market Size, Share, Growth Analysis, By Type(Personal care Products and Homecare Products), By End-user(Individual Customers and Commercial Customers) - Industry Forecast 2024-2031

Report ID: SQMIG25Z2005 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 59 | Figures: 78

Global Direct Selling Market Regional Insights

North America dominated the global market. The market in North America is primarily driven by the high disposable income of consumers and the prevalence of direct selling companies. Personal care products, including skincare and cosmetics, are the largest segments of the market in North America. Additionally, direct selling of wellness products and supplements is also popular in this region. The United State and Canada is expected to witness significant growth due to the rise in e-commerce and online marketplaces. Additionally, with the increasing demand for natural and sustainable products, direct selling of eco-friendly home care products is expected to drive growth in this region.

On other hand, the Asia Pacific region is the fastest growing market for direct selling. China and Japan being the dominant markets in the region. The market in APAC is primarily driven by the increasing disposable income of consumers and the growing preference for high-quality personal care and wellness products. The personal care products segment dominates the market in APAC, followed by home care products and wellness products.

Global Direct Selling Market Report Snapshots

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Global Direct Selling Market size was valued at USD 190.40 billion in 2022 and is poised to grow from USD 204.87 billion in 2023 to USD 368.11 billion by 2031, growing at a CAGR of 7.6% in the forecast period (2024-2031).

The global direct selling market is highly competitive, with numerous companies operating across the globe. The competition is driven by factors such as product quality, price, distribution channels, and customer service. To gain a competitive edge, companies focus on developing innovative products, expanding their distribution network, and building strong customer relationships. Additionally, companies invest in marketing and advertising campaigns to increase brand visibility and drive customer acquisition. 'Amway', 'Avon Products Inc.', 'Herbalife Nutrition Ltd.', 'Vorwerk & Co. KG', 'Mary Kay Inc.', 'Tupperware Brands Corporation', 'Natura Cosmeticos SA', 'Nu Skin Enterprises Inc.', 'Oriflame Cosmetics SA', 'Perfectly Posh', 'Scentsy', '4Life Research USA LLC', 'ACN Inc.', 'Ambit Energy', 'Arbonne International LLC', 'doTERRA International LLC', 'Forever Living Products International Inc.', 'Isagenix International LLC', 'Juice Plus+ International', 'Rodan & Fields LLC', 'In February 2024, Bengaluru based air-taxi service Hunch Mobility entered into a business combination agreement with Direct Selling Acquisition Corp (DSAQ) to form a new combined company called Hunch Technologies Limited. Hunch Mobility is an urban air mobility services company that offers short-distance helicopter rides. The deal values Hunch Mobility at approximately $223 million. ', 'In October 2023, the BMW Group announced that it will gradually introduce a direct sales model in Europe from 2024. The Mini brand will start on 1 January 2024 with the three countries Italy, Poland and Sweden, with the other countries following in stages. ', 'In April 2023, Rallyware, the Performance Enablement Platform for large distributed sales forces, announced the introduction of generative artificial intelligence (AI) to their technology. Rallyware's Chat Agent, like a personal assistant, is always available to support the distributor, taking the guesswork away from the process of independent business building while bringing direct selling firmly into the AI age.'

One of the primary drivers of the global direct selling market is the increasing preference for personalized and convenient shopping experiences among consumers. Direct selling provides a unique and personalized shopping experience where customers can interact with sales representatives, receive product recommendations, and make informed purchasing decisions. Additionally, direct selling companies often offer attractive discounts and promotions, which further drives the demand for direct selling products. As a result, the direct selling market is expected to continue growing in the coming years, especially with the rise of e-commerce and online marketplaces.

One key market trend across various industries is the increasing use of technology to enhance and streamline processes. This includes the adoption of artificial intelligence, machine learning, automation, and digital platforms. Another trend is the growing focus on sustainability and environmental responsibility, with companies working to reduce their carbon footprint and promote eco-friendly practices. Additionally, there is a shift towards more personalized and consumer-centric approaches, with companies leveraging data and insights to offer customized products and experiences.

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Global Direct Selling Market Size, Share, Growth Analysis, By Type(Personal care Products and Homecare Products), By End-user(Individual Customers and Commercial Customers) - Industry Forecast 2024-2031

Global Direct Selling Market Regional Insights

Global Direct Selling Market Report Snapshots

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