The Economics of Affection

Valentine's Day Consumer Research 2025

Total Spend

$27.5 Billion

Avg / Person

$188.81

Popularity vs. Profitability

A critical finding in the research is the disconnect between gift volume and economic value. While 57% of consumers buy candy, it accounts for a fraction of the total spend compared to Jewelry, which drives $6.4B in revenue despite lower purchase frequency.

Category Breakdown

Source: NRF & Prosper Insights Data (2025 Projection)
πŸ’Ž

The Revenue King

Jewelry remains the highest spending category.

Total Projection $6.4 Billion
🍬

The Volume King

Candy is the most universal gift, purchased by over half of all shoppers.

Participation 57%

Economic Note

"Inflationary pressure on cocoa has led to 'shrinkflation' in chocolate gifts, yet consumer demand remains inelastic for this holiday staple."