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Direct Selling Market Size

Report ID: FBI 5254

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Published Date: Aug-2024

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Format : PDF, Excel

Market Outlook:

Direct Selling Market crossed USD 213.67 Billion in 2023 and is likely to reach USD 376.61 Billion by end of the year 2032, growing at over 6.5% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 213.67 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

6.5%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 376.61 Billion

19-23 x.x %
24-32 x.x %
Direct Selling Market

Historical Data Period

2019-2023

Direct Selling Market

Largest Region

Asia Pacific

Direct Selling Market

Forecast Period

2024-2032

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Market Dynamics:

Growth Drivers & Opportunity:

The direct selling market continues to experience growth due to the increasing use of social media and e-commerce platforms, which provide a convenient and widespread platform for direct sellers to reach a larger audience. Additionally, the growing trend of entrepreneurship and desire for flexible work schedules among individuals have also contributed to the expansion of the direct selling market. Furthermore, the rise in demand for wellness and beauty products has further fueled the growth of this industry.

Industry

Report Scope

Report CoverageDetails
Segments CoveredProduct
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledAmway Enterprises Pvt.., Herbalife Nutrition., Natura & Co., Vorwerk, Nu Skin Enterprises, Tupperware Brands, Oriflame Holding AG, Belcorp, Mary Kay

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The A primary hindrance in the direct selling market is the regulatory challenges and scrutiny faced by companies in this industry, which may limit their operations and hinder growth opportunities. Moreover, another significant challenge is the increasing competition from traditional retailers and online marketplaces, which offer similar products at competitive prices, thus posing a challenge to the growth of direct selling companies.

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Direct Selling Market Size & Share, By Product (He...

RD Code : 24