Global Subscription E-commerce Market is Expected To Attain Market Size Of US$ 478.2 Billion By 2025

Global Subscription E-commerce Market was valued at US$ 13.2 billion in 2018 and is anticipated to reach US$ 478.2 billion by 2025 displaying explosive CAGR of 68.0% over the forecast period (2019-2025). The subscription e-commerce industry has evolved over the past few years. Ever since its inception, the sector has experienced tremendous growth and popularity and has become increasingly competitive. Considering the subscription-based services, the idea is mainly based on selling products or services on a monthly or yearly recurring basis. The business model mainly aims to focus on customer retention over customer acquisition wherein revenue is made in a way that the existing or a regular customer pays multiple payments to have prolonged access to a good or service. According to the survey, it has been estimated that in 2018, subscription-based company websites had about 776 million visitors globally. With approximately 5.7 million customers subscribing to the service be it entertainment, food & beverage, healthcare and others. In addition, with over 2,000 subscription-based service providers, the market is gearing up with a purpose to cater to the growing young population across all the domains.

Request for Sample of the report - https://univdatos.com/request_form/form/214 

With the consistent and surging world as well as the young population paired with a simultaneous increase in disposable income along with changing lifestyles the demand for subscription-based services is expected to take a toll in years to come. Moreover, surging penetration of internet services and the launch of various mobile applications by subscription-based companies has further catalyzed the market potential of such services. It has been observed that subscription-based service constitutes to be a small trend within e-commerce and is expected to remain niche for the next few years. With the prime location being the United States comprising almost 70% of the subscription-based companies, the market has driven considerably on a positive note. In addition, led by numerous start-ups ranging from Dollar Shave Club, Blue Apron meal kits, subscription e-commerce industry is growing at a fast pace and has become an innovative way of buying online. Subscription-based services are targeted towards younger and affluent urbanites who demand convenient, personalized products and services often at a lower cost as per their needs and specifications.

Fuelled by growing investments by venture capitalists and emerging start-ups, the business has been launched in a wide range of categories such as beer and wine, kids and baby items, cosmetics, feminine products, pet foods, women and men apparel and health items among others. However, high churn rates and a huge cancellation rate by consumers along with a lack of awareness among the developing nations constitute some of the obstacles in the growth path of the subscription e-commerce market.

For Regional/country-wise analysis of the overall adoption of Subscription-based service browse through - https://univdatos.com/report/subscription-e-commerce-market-current-scenario-and-forecast-2019-2025 

Strong growth in subscription e-commerce market has attracted various established consumer brand manufacturers and retailers, which have also entered the space; P&G (Gillette on Demand), Sephora (Play!), and Walmart (Beauty Box) have all launched new subscription businesses to name a few.

“Subscription services subscribed by Women are expected to dominate the subscription e-commerce market during the analyzed period.”

The global subscription e-commerce market is segmented based on end-users such as women and men and kids. The women as end users occupy the largest share and are expected to maintain their dominance throughout the forecasted period 2019-2025. Owing to the increasing presence of startups catering to feminine products and cosmetics along with jewelry and accessories, the market has boosted considerably.

“Amongst applications, beauty, and personal care tends to conquer the market during the forecast period.”

The study further bifurcates the subscription e-commerce market into different applications including, beauty and personal care, clothing and fashion, entertainment, health and fitness, food and beverage and other applications. Beauty and personal care hold the largest share in the global subscription e-commerce market. As beauty and personal care applications have already experienced explosive growth among young and new brands, it is also witnessing spurring preferences for subscription among the womenfolk.

Feel free to contact us for any queries - https://univdatos.com/request_form/form/214 

“North America 68% share dominates the market in terms of revenue sales for subscription-based products”

For a deep-dive analysis of the industry, the study also includes regional and country-level analysis. The report comprises regions including North America, Europe, Asia Pacific and the rest of the world. North America dominated the market, majorly driven by the widespread adoption of subscription-based services in the United States and numerous emerging players earmarking their footprint in the respective domains. Furthermore, changing lifestyles and busy work schedules around the globe also act as influencing factors fostering industry growth.

“Online Payments held the prime market share in terms of payment mode for the subscription e-commerce market.”

Based on payment mode, the market is classified into cash on delivery and online payments. Given the government initiative to promote the cashless economy and digitization, the online mode of payment is expected to continue its prominence during the forecast period.

Competitive Landscape-Top 10 Market Players

Some of the major players operating in the subscription e-commerce market include Dollar Shave Club, Inc., Blue Apron Holding Inc, Personalized Beauty Discovery, Inc. (Ipsy), Hello Fresh, EdgeWell Personal Care (Harry's), PetSmart, Inc., Netflix, Flintobox, Nature Delivered Ltd (Graze) and The Walt Disney Company. With an objective to enhance their product portfolio, these players have adopted various strategies to increase the penetration of subscription-based services in various domains among the young population owing to changing lifestyles and increasing disposable income.

UnivDatos Market Insights (UMI) understands that you may have your own business need, hence we also provide fully customized solutions to clients. The global subscription e-commerce market can be customized to the regional/country level or any other market segment.

UnivDatos Market Insights (UMI) Latest Research Report –

Beauty and Personal Care Market: Current Scenario and Forecast (2020-2026)

Frozen Foods Market (2020 to 2026)— Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Global Household Cleaning Product Demand Analysis-COVID-19 Impact (2020-2026)

UnivDatos Market Insights (UMI)

Email: sales@univdatos.com