Global Subscription E-commerce Market to Grow at 43.56% During 2024-2032, Spurred by Significant Growth in E-Commerce Sector

September 19, 2022 | Technology & Media

The latest report by IMARC Group, titled “Subscription E-commerce Market Report by Subscription Type (Service Subscription, Subscription Box, Digital Content Subscription, and Others), Application (Beauty and Personal Care, Food and Beverage, Clothing and Fashion, Entertainment, Health and Fitness), Payment Mode (Online, Offline), End User (Women, Men, Kids), and Region 2024-2032,” finds that the global subscription e-commerce market is expected to exhibit a CAGR of 43.56% during the forecast period (2024-2032). Subscription e-commerce refers to a business model which prompts customers to subscribe to services or products required on a routine basis. Some commonly available subscriptions are entertainment subscriptions, commodity goods subscriptions, e-commerce subscription boxes, and software as a subscription (SaaS). These models contain the sales of subscription-based e-commerce offerings by various entities that impel consumers to enroll on their websites or apps for recurring delivery of services or products. They also offer several benefits, including higher lifetime value (LTV), better cash flow management, a consistent revenue stream, improved inventory control, increased customer retention, relationship engagement, and the ability to upsell and cross-sell. As a result, subscription e-commerce services are widely adopted across the food and beverage (F&B), clothing and fashion, entertainment, and healthcare industries.

Global Subscription E-commerce Market Trends:

The market is primarily driven by significant growth in the e-commerce sector and the rising popularity of social media trends. Moreover, several retailers across diverse industries, including apparel, cosmetics, food and beverage (F&B), and personal grooming, are introducing long-term subscription services to generate customer loyalty and expand their user base. This, coupled with the increasing popularity of digital media streaming through several over-the-top (OTT) platforms, such as Amazon Prime, Disney+, Netflix and Hulu, is further escalating the demand for subscription e-commerce services. Besides this, the introduction of social media-based startups that collaborate with bloggers, vloggers, and influencers to create brand awareness is further providing a positive thrust to the market growth. Additionally, the growing consumer inclination toward online shopping for discounted offers, better convenience, reduced reliance on store visits, and improved customer satisfaction is also impelling the market growth. Furthermore, the market is also propelled by the escalating demand for personalized products and curated services by customers. Other factors, such as the increasing usage of smartphones resulting in exposure to e-commerce business, the rising number of small and medium enterprises, inflating consumer disposable incomes, and the growing middle-class families, are creating a positive market outlook.

Market Summary:

  • Based on the subscription type, the market has been classified into service subscription, subscription box, digital content subscription, and others.
  • On the basis of the application, the market has been segmented into beauty and personal care, food and beverage, clothing and fashion, entertainment, and health and fitness.
  • Based on the payment method, the market has been bifurcated into online and offline.
  • On the basis of the end user, the market has been segregated into women, men, and kids.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined in the report, with some of the key players being Inc., Blue Apron Holdings, Dollar Shave Club, Farmhouse Delivery, Netflix Inc., and Personalized Beauty Discovery Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Subscription Type, Application, Payment Mode, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Inc., Blue Apron Holdings, Dollar Shave Club, Farmhouse Delivery, Netflix Inc. and Personalized Beauty Discovery Inc.
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Subscription E-commerce Market to Grow at 43.56% During 2024-2032, Spurred by Significant Growth in E-Commerce Sector
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