Product Code: ETC13145193 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Gift Card Market was valued at USD 800 Billion in 2024 and is expected to reach USD 1300 Billion by 2031, growing at a compound annual growth rate of 7.20% during the forecast period (2025-2031).
The global gift card market is experiencing steady growth, driven by increasing consumer preference for convenient gifting options and the rising trend of digital gift cards. The market is characterized by a diverse range of offerings from retailers, restaurants, and online platforms, catering to various occasions and demographics. The shift towards e-gift cards is particularly noteworthy, as it offers instant delivery and customization features. Additionally, the market is witnessing innovation in terms of personalized gift cards and bundled offers, further enhancing the appeal of gift cards. With the growing popularity of gift cards as a versatile and hassle-free gifting solution, the global market is expected to continue expanding, presenting opportunities for retailers and businesses to capitalize on this evolving trend.
The Global Gift Card Market is witnessing a significant shift towards digital gift cards, driven by the increasing adoption of e-commerce and mobile shopping. This trend is opening up opportunities for retailers to personalize their gift card offerings, enhance customer engagement, and leverage data analytics for targeted marketing strategies. The market is also experiencing growth in the B2B sector, with businesses using gift cards for employee rewards, incentives, and customer loyalty programs. Technological advancements such as blockchain and AI are being explored to improve security and streamline gift card transactions. Additionally, the rise of subscription-based models and the integration of gift cards with social media platforms are expected to further fuel market growth and innovation in the coming years.
The Global Gift Card Market faces several challenges, including increasing competition from digital gift cards and e-gift cards, which are becoming more popular due to their convenience and ease of use. Another challenge is the potential for fraud and security risks associated with gift card transactions, leading to concerns among consumers about the safety of using gift cards. Additionally, the lack of personalized gifting options and the perception of gift cards as impersonal gifts pose challenges in attracting customers. Moreover, regulatory issues and changing consumer preferences towards experiences rather than physical gifts present obstacles for the growth of the gift card market. To stay competitive, companies in this market need to innovate and adapt to these challenges by offering unique value propositions and enhancing security measures to build trust among consumers.
The Global Gift Card Market is primarily driven by an increase in the adoption of digital gift cards due to their convenience and ease of use. The growing trend of offering gift cards as incentives and rewards by businesses to attract and retain customers is also fueling market growth. Additionally, the rise of e-commerce platforms and mobile shopping has made gift cards a popular choice for gifting, driving further market expansion. Furthermore, the flexibility and personalization options offered by gift cards make them a preferred choice for both consumers and businesses. The market is also influenced by the increasing demand for gift cards during holiday seasons and special occasions, driving continuous innovation and expansion in the gift card industry.
Government policies related to the global gift card market vary by country but generally focus on consumer protection, taxation, and anti-money laundering regulations. Many countries require gift card issuers to disclose terms and conditions, expiration dates, and fees to protect consumers. Taxation policies may dictate how gift cards are treated for income tax purposes, while anti-money laundering regulations aim to prevent gift cards from being used for illicit activities. Additionally, some governments have implemented restrictions on gift card expiry dates or fees to ensure fairness for consumers. Overall, government policies play a crucial role in shaping the regulatory environment of the global gift card market and aim to balance consumer protection with economic considerations.
The Global Gift Card Market is expected to witness steady growth in the coming years, driven by the increasing adoption of digital gift cards and the growing trend of personalized gifting. The convenience, flexibility, and ease of use associated with gift cards have made them a popular choice for both consumers and businesses. The market is also benefiting from the rise of e-commerce and mobile shopping, as more consumers prefer digital gift cards for their convenience and instant delivery. Additionally, the shift towards experiential gifting and the popularity of subscription-based services are driving the demand for gift cards in various sectors such as retail, hospitality, and entertainment. Overall, the Global Gift Card Market is poised for expansion, with opportunities for innovation and customization to meet evolving consumer preferences.
In the global gift card market, regional insights reveal varying trends across different regions. Asia is experiencing rapid growth fueled by increasing adoption of digital gift cards and e-commerce platforms. North America remains a dominant market due to high consumer spending and a strong retail sector. Europe is witnessing a shift towards personalized and experiential gift cards, catering to the preferences of younger demographics. The Middle East and Africa region is seeing growth driven by the rise of gift card usage in the hospitality and entertainment industries. Latin America shows potential for growth with an expanding middle-class population and increasing demand for gift cards for special occasions. Overall, these regional insights highlight the diverse opportunities and unique market dynamics shaping the global gift card industry.
Global Gift Card Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Gift Card Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Gift Card Market Revenues & Volume, 2021 & 2031F |
3.3 Global Gift Card Market - Industry Life Cycle |
3.4 Global Gift Card Market - Porter's Five Forces |
3.5 Global Gift Card Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Gift Card Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Global Gift Card Market Revenues & Volume Share, By Functional Attribute, 2021 & 2031F |
3.8 Global Gift Card Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
3.9 Global Gift Card Market Revenues & Volume Share, By Merchant, 2021 & 2031F |
4 Global Gift Card Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Gift Card Market Trends |
6 Global Gift Card Market, 2021 - 2031 |
6.1 Global Gift Card Market, Revenues & Volume, By Product, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Gift Card Market, Revenues & Volume, By E-Gift Cards, 2021 - 2031 |
6.1.3 Global Gift Card Market, Revenues & Volume, By Physical Cards, 2021 - 2031 |
6.2 Global Gift Card Market, Revenues & Volume, By Functional Attribute, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Gift Card Market, Revenues & Volume, By Closed Loop, 2021 - 2031 |
6.2.3 Global Gift Card Market, Revenues & Volume, By Universal Accepted Open Loop, 2021 - 2031 |
6.2.4 Global Gift Card Market, Revenues & Volume, By E-Gifting, 2021 - 2031 |
6.3 Global Gift Card Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Gift Card Market, Revenues & Volume, By Retail, 2021 - 2031 |
6.3.3 Global Gift Card Market, Revenues & Volume, By Corporate Institutions, 2021 - 2031 |
6.4 Global Gift Card Market, Revenues & Volume, By Merchant, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Gift Card Market, Revenues & Volume, By Restaurants, 2021 - 2031 |
6.4.3 Global Gift Card Market, Revenues & Volume, By Discount Stores, 2021 - 2031 |
6.4.4 Global Gift Card Market, Revenues & Volume, By Coffee Shops, 2021 - 2031 |
6.4.5 Global Gift Card Market, Revenues & Volume, By Departmental Store, 2021 - 2031 |
6.4.6 Global Gift Card Market, Revenues & Volume, By Grocery Store/Food Supermarkets, 2021 - 2031 |
6.4.7 Global Gift Card Market, Revenues & Volume, By Entertainment, 2021 - 2031 |
6.4.8 Global Gift Card Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Gift Card Market, Overview & Analysis |
7.1 North America Gift Card Market Revenues & Volume, 2021 - 2031 |
7.2 North America Gift Card Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Gift Card Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Gift Card Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Gift Card Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Gift Card Market, Revenues & Volume, By Product, 2021 - 2031 |
7.4 North America Gift Card Market, Revenues & Volume, By Functional Attribute, 2021 - 2031 |
7.5 North America Gift Card Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
7.6 North America Gift Card Market, Revenues & Volume, By Merchant, 2021 - 2031 |
8 Latin America (LATAM) Gift Card Market, Overview & Analysis |
8.1 Latin America (LATAM) Gift Card Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Gift Card Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Gift Card Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Gift Card Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Gift Card Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Gift Card Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Gift Card Market, Revenues & Volume, By Product, 2021 - 2031 |
8.4 Latin America (LATAM) Gift Card Market, Revenues & Volume, By Functional Attribute, 2021 - 2031 |
8.5 Latin America (LATAM) Gift Card Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
8.6 Latin America (LATAM) Gift Card Market, Revenues & Volume, By Merchant, 2021 - 2031 |
9 Asia Gift Card Market, Overview & Analysis |
9.1 Asia Gift Card Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Gift Card Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Gift Card Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Gift Card Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Gift Card Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Gift Card Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Gift Card Market, Revenues & Volume, By Product, 2021 - 2031 |
9.4 Asia Gift Card Market, Revenues & Volume, By Functional Attribute, 2021 - 2031 |
9.5 Asia Gift Card Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
9.6 Asia Gift Card Market, Revenues & Volume, By Merchant, 2021 - 2031 |
10 Africa Gift Card Market, Overview & Analysis |
10.1 Africa Gift Card Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Gift Card Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Gift Card Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Gift Card Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Gift Card Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Gift Card Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Gift Card Market, Revenues & Volume, By Product, 2021 - 2031 |
10.4 Africa Gift Card Market, Revenues & Volume, By Functional Attribute, 2021 - 2031 |
10.5 Africa Gift Card Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
10.6 Africa Gift Card Market, Revenues & Volume, By Merchant, 2021 - 2031 |
11 Europe Gift Card Market, Overview & Analysis |
11.1 Europe Gift Card Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Gift Card Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Gift Card Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Gift Card Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Gift Card Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Gift Card Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Gift Card Market, Revenues & Volume, By Product, 2021 - 2031 |
11.4 Europe Gift Card Market, Revenues & Volume, By Functional Attribute, 2021 - 2031 |
11.5 Europe Gift Card Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
11.6 Europe Gift Card Market, Revenues & Volume, By Merchant, 2021 - 2031 |
12 Middle East Gift Card Market, Overview & Analysis |
12.1 Middle East Gift Card Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Gift Card Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Gift Card Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Gift Card Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Gift Card Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Gift Card Market, Revenues & Volume, By Product, 2021 - 2031 |
12.4 Middle East Gift Card Market, Revenues & Volume, By Functional Attribute, 2021 - 2031 |
12.5 Middle East Gift Card Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
12.6 Middle East Gift Card Market, Revenues & Volume, By Merchant, 2021 - 2031 |
13 Global Gift Card Market Key Performance Indicators |
14 Global Gift Card Market - Export/Import By Countries Assessment |
15 Global Gift Card Market - Opportunity Assessment |
15.1 Global Gift Card Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Gift Card Market Opportunity Assessment, By Product, 2021 & 2031F |
15.3 Global Gift Card Market Opportunity Assessment, By Functional Attribute, 2021 & 2031F |
15.4 Global Gift Card Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
15.5 Global Gift Card Market Opportunity Assessment, By Merchant, 2021 & 2031F |
16 Global Gift Card Market - Competitive Landscape |
16.1 Global Gift Card Market Revenue Share, By Companies, 2024 |
16.2 Global Gift Card Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |