The direct selling global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Direct Selling Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The direct selling market size has grown strongly in recent years. It will grow from $183.41 billion in 2023 to $194.83 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to rise of direct-to-consumer (D2C) distribution, rise in the use of online tools, rising awareness regarding health and beauty, rising internet penetration support direct selling, and rapid growth in social media.
The direct selling market size is expected to see strong growth in the next few years. It will grow to $252.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to improving customer engagement, adoption of e-commerce and online sales, personalizing marketing strategies and customer interactions, growing consumer demand for sustainable solutions, and increasing disposable incomes. Major trends in the forecast period include increasingly adopting digital tools and platforms to enhance sales, leveraging data analytics to offer personalized experiences to customers, technological advances such as artificial intelligence (AI) can help direct selling, new product branding and advertising methods, and product innovations.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/direct-selling-global-market-report
Scope Of Direct Selling Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Direct Selling Market Overview
Market Drivers –
The increasing demand for e-commerce is expected to propel the growth of the direct selling market going forward. The e-commerce industry refers to the economy sector that involves buying and selling goods and services over the internet. The increasing demand for e-commerce is due to cost efficiency, social media influence, improved logistics, and changes in consumer behavior. Direct selling provides valuable data on customer preferences, buying behaviors, and feedback, which can be used to optimize e-commerce strategies, such as personalized marketing and product recommendations. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, U.S. retail e-commerce sales for the first quarter of 2024 reached $289.2 billion, marking a 2.1% (±0.7%) increase from the fourth quarter of 2023. Therefore, the increasing demand for the e-commerce industry drives the direct selling market.
Market Trends –
Major companies operating in the direct selling market are focused on developing innovative products, such as AI chat agents, to enhance customer engagement, streamline operations, and provide tailored solutions based on individual customer preferences and behaviors. An AI chat agent is an artificial intelligence-powered conversational agent or chatbot designed to engage in natural language interactions with users, typically to provide customer service, information, or other interactive functionalities. For instance, in April 2023, Rallyware, a US-based software development company, introduced the AI Chat Agent Set to transform direct selling operations. It represents a significant advancement in the direct selling industry, aiming to transform the distributor experience and enable companies better to support their independent sales forces through innovative technology.
The direct selling market covered in this report is segmented –
1) By Type: Single-Level marketing, Multi-Level marketing
2) By Application: Wellness, Cosmetics, Household Goods, Other Applications
3) By End-User: Individual Customers, Commercial Customers
Get an inside scoop of the direct selling market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=18335&type=smp
Regional Insights –
Asia-Pacific was the largest region in the direct selling market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the direct selling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the direct selling market are Amway Corporation, Herbalife International of America Inc., Isagenix International LLC, Telecom Plus PLC, Belcorp Corporation, Natura and Co Holding SA, Avon Products Inc., Primerica Inc., Forever Living Products International Inc., Nu Skin Enterprises Inc., Atomy Co Ltd., Medifast Inc., eXp World Holdings Inc., Tupperware Brands Corp., Oriflame Cosmetics S.A., USANA Health Science Inc., Juice Plus+ Company LLC, Betterware de México SAPI de CV, PM International AG, Scentsy GB PTY Ltd., DXN Holdings Bhd, Rodan & Fields LLC, Vorwerk Deutschland Stiftung and Co KG
Table of Contents
1. Executive Summary
2. Direct Selling Market Report Structure
3. Direct Selling Market Trends And Strategies
4. Direct Selling Market – Macro Economic Scenario
5. Direct Selling Market Size And Growth
…..
27. Direct Selling Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
