Gift Cards Market Forecast 2024 to 2032

 


Gift cards are a popular and versatile form of prepaid payment that has become increasingly prevalent in the retail industry. These cards function as a monetary value stored electronically, which can be redeemed for goods or services at specific stores or across multiple participating merchants. Gift cards offer convenience and flexibility to both buyers and recipients. Shoppers can purchase gift cards for various occasions, such as birthdays, holidays, weddings, or corporate gifting, allowing recipients to select their preferred items from a wide range of products. Additionally, they eliminate the need to choose a specific gift, making them an ideal solution for those who are unsure about the recipient's preferences.

The Gift Cards Market was valued at USD 441,283.36Million in 2022 and is expected to register a CAGR of 6.40% by 2032.

Gifting has become an integral part of various occasions and celebrations, such as birthdays, holidays, weddings, and anniversaries. As people seek unique and meaningful gifts, gift cards provide an attractive option, enabling recipients to choose what they truly desire.

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Market Segmentation (by Type)
•Universal Accepted Open Loop
•E-Gifting
•Restaurant Closed Loop
•Retail Closed Loop
•Miscellaneous Closed Loop

Market Segmentation (by Application)
•Restaurant
•Retail
•Coffee Shop
•Entertainment
•Others

Key Company
•Amazon
•ITunes
•Walmart
•Google Play
•Starbucks
•Home Depot
•Walgreens
•Sephora
•Lowes
•Carrefour
•JD
•Best Buy
•Sainsbury's
•Macy's
•Virgin
•IKEA
•H&M
•Zara
•AL-FUTTAIM ACE
•JCB Gift Card

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