Global Direct Selling Establishments Market Size 2024, Forecast To 2033
11 Mar, 2024
The direct selling establishments market has experienced steady growth, surging from $223.18 billion in 2023 to $233.75 billion in 2024, with a compound annual growth rate (CAGR) of 4.7%. This growth in the historic period is linked to strong economic growth in emerging markets, a rise in disposable income, consumers' increasing desire to inspect and authenticate products before purchase, and the need for additional income opportunities. Moving forward to 2028, the market is expected to sustain steady growth, projected to reach $276.86 billion at a slightly decreased CAGR of 4.3%. Drivers of this growth include government support, rising urbanization, the low cost of starting a multi-level marketing (MLM) startup, and a rising population. Key trends in the forecast period involve a focus on tackling disinformation in the industry, increasing investments, AI adoption, geographic expansions, and mergers and acquisitions.
Global Direct Selling Establishments Market Key Driver
In developing and underdeveloped economies, the quest for supplementary income avenues propels growth within the direct selling establishments market. The need for additional earnings, particularly in regions like India, fuels the expansion of direct selling ventures. According to The Associated Chambers of Commerce and Industry of India (Assocham), India's direct selling industry is projected to reach $2169 million by 2021, underscoring its significant economic impact. Direct selling presents a viable income source, accommodating individuals seeking part-time opportunities while fostering self-employment and financial autonomy in the long run. As per Assocham's findings, the average annual sales per participant in India amount to approximately $300, highlighting the sector's potential for generating supplemental income. The demand for such income-generating avenues is expected to sustain growth within the direct selling establishments market throughout the forecast period, encompassing 2023, 2024, and 2028.
Get A Free Sample Of The Global Direct Selling Establishments Market ReportGlobal Direct Selling Establishments Market Segments
The direct selling establishments market covered in this report is segmented –
1) By Type: Single-Level Marketing, Multi-Level Marketing
2) By Product: Wellness, Cosmetics And Personal Care, Household Goods And Durables, Clothing And Accessories, Financial Services, Books, Toys, Stationery, Foodstuff And Beverages, Other Products
3) By Price Range: Premium, Mid-Range, Economy
By Geography:The regions covered in the direct selling establishments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
Asia-Pacific was the largest region in the direct selling establishments market in 2023. North America was the second-largest region in the direct selling establishments market report. The regions covered in the direct selling establishments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Direct Selling Establishments Industry Players
Amway Corp, Herbalife Nutrition Ltd, Natura, Vorwerk & Co. KG, Nu Skin Enterprises Inc, Mary Kay Inc, Coway, PM- International, Tupperware Brands Corporation, Oriflame, DXN, Mamaearth, Young Living, Perfect China, Valentus, Zrii, Vasayo, Buyeezee, Infinitus, Simply Naturals, Forever Living Products, Wikaniko, NEOLIFE, Verway, MagaLoop, Belcorp, JoyMain, AdvoCare International, doTERRA, Epicure, Arbonne, Avon Products, Primerica, Melaleuca, Solo Arquitetos, Banco de Eventos, Rock Comunicacao, 4Life, V2V, Marketing Services De Colombia, Muto Digital Studio, ASSERO, ENHANZZ, VESTIGE, BYDZYNE, PartyLite, Learning Enterprises Organisation Ltd, Affinity Business Network, Aim Africa Inc, AMC Cookware, Duepoint, Canyon Organics, Edmark Direct Marketing RSA
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Direct Selling Establishments Market Overview
Direct selling establishments are businesses that are engaged in non-store retailing of merchandise, except e-commerce, mail-order, and vending machine sales. The entities operating in this industry go to the customer’s location rather than the customer coming to them, such as in door-to-door sales.
Direct Selling Establishments Global Market Report 2023 provides data on the global direct selling establishments market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The direct selling establishments market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.