UK Gift Card and Incentive Card Market Analysis 2019-2023 and 2024-2028: Trends, Strategies, Consumer Insights [Yahoo! Finance]
TESCO PLC S/ADR (TSCDY)
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Source: Yahoo! Finance
Card Market Intelligence and Future Growth Dynamics (Databook) - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering. The gift card industry in the country is expected to grow by 7.7% on annual basis to reach US$10.8 billion in 2024. The industry will continue to grow over the forecast period and is expected to record a CAGR of 6% during 2024-2028. The market will increase from US$10.1 billion in 2023 to reach US$13.7 billion by 2028. The adoption of gift cards is growing at an accelerated pace and the trend is projected to continue further over the medium term. Retailers have experienced strong gift card revenue growth over the last 12 months amid the soaring demand driven by higher inflation and the cost-of-living crisis in the United Kingdom. Distribution is seen as the key element in terms of higher gift card revenues for retailers. Consequently, the analyst expects more retailers to partner with providers that have a strong infrastructure and distribu
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