Report ID: SQMIG25Z2005
Report ID:
SQMIG25Z2005 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
59 |
Figures:
78
Direct Selling Market size was valued at USD 204.87 Billion in 2023 and is poised to grow from USD 220.44 Billion in 2024 to USD 396.09 Billion by 2032, growing at a CAGR of 7.6% during the forecast period (2025-2032).
Direct selling is a business model where products or services are sold directly to consumers, typically outside of a traditional retail environment. Direct sellers may operate through a variety of methods, such as door-to-door sales, home parties, or online sales. Direct selling companies often rely on a network of independent salespeople, who are typically compensated through commissions on their sales. This model can offer consumers convenience and personalized service, while also providing flexible earning opportunities for independent sellers. However, direct selling has faced criticism over issues such as product quality and fraudulent practices, and it is important for both sellers and consumers to carefully evaluate companies and products before engaging in direct selling transactions. According to report by the World Federation of Direct Selling Associations (WFDSA), North America and Asia Pacific (APAC) are two of the largest regions in the global market. In 2023, North America accounted for approximately 19% of global direct sales. The United States is the largest direct selling market in the region, accounting for over 80% of the market. Canada and Mexico also have significant direct selling industries. In the same year, APAC accounted for approximately 46% of global direct sales.
US Direct Selling Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG25Z2005