Box(BOX) GlobeNewswire News Room·2025-05-30 08:34Core Insights - The Asia-Pacific Food Gifting Market is culturally significant, with food symbolizing goodwill in various celebrations and daily interactions [1][4] - The market is projected to grow at a CAGR of over 6.10% from 2024 to 2029, driven by demand for premium, personalized, and health-conscious food gifts [3][6] - E-commerce is a key enabler for market expansion, allowing consumers to easily send food gifts [2][5] Market Overview - The market is characterized by a diverse range of products, including traditional sweets, chocolates, and gourmet hampers [2][3] - Major players focus on luxury and convenience, while local companies thrive by addressing specific cultural preferences [4][6] - Offline retail remains important, providing a tactile shopping experience that is valued in cultures with rich gifting traditions [6] Trends and Drivers - Key trends include the rising popularity of vegan, gluten-free, and sugar-free options, reflecting a shift towards healthier lifestyle choices [3] - Collaborations with celebrity chefs and influencers are enhancing product appeal through exclusive offerings [5] - Cultural events like Lunar New Year and Diwali significantly drive gifting practices in the region [4] Regional Insights - China is highlighted as a leading market due to its cultural practices, economic growth, and a robust e-commerce sector [6] - The report provides a comprehensive analysis of market size, regional dynamics, and distribution channels, offering strategic insights for stakeholders [6]