Home » Consumer Goods » Canada Gift Cards Market

Canada Gift Cards Market By Type (Closed-loop Card, Open Loop, E-Gifting, Others Gift Card); By Price Range (High (Above 400 US$), Medium (200-400 US$), Low (0-200 US$)); By End-User (Business, Individuals); By Generation (Generation X, Millennial, Generation Z, Others); By Distribution Channel (Restaurants, Discount Stores, Supermarkets/Hypermarkets, Coffee Shops, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Price: $1999

Published: | Report ID: 34134 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period  2019-2022
Base Year  2023
Forecast Period  2024-2032
Canada Gift Cards Market Size 2023  USD 46,512.30 Million
Canada Gift Cards Market, CAGR  9.00%
Canada Gift Cards Market Size 2032  USD 101,751.91 Million

Market Overview

The Canada Gift Cards Market has emerged as a dynamic and rapidly evolving sector within the Canadian retail landscape, showcasing robust growth and evolving consumer preferences. As of the latest data available, the market’s value stands at USD 46,512.30 million in 2023, and it is anticipated to experience substantial expansion, reaching USD 101,751.91 million by 2032, at a remarkable compound annual growth rate of 9.00%.

The growth trajectory of the Canada Gift Cards Market can be attributed to several key factors driving consumer behavior and reshaping the retail industry. Firstly, the convenience and flexibility offered by gift cards have positioned them as a preferred choice for both gift givers and recipients. The ability to choose from a diverse range of products and services provides a personalized touch to the gifting experience. Moreover, the digital transformation sweeping across the retail sector has significantly contributed to the market’s expansion. The widespread adoption of online shopping and e-commerce platforms has facilitated the seamless integration of gift cards into the digital landscape. E-gift cards, in particular, have gained traction, offering instant delivery and redemption options, further enhancing the overall customer experience.

Understanding consumer trends is crucial in deciphering the Canada Gift Cards Market landscape. Gift cards have become an integral part of gifting culture, appealing to a broad demographic. The younger demographic, in particular, exhibits a preference for digital gift cards, aligning with their tech-savvy lifestyles. On the other hand, physical gift cards continue to resonate with older generations who appreciate the tangible aspect of traditional gifting. The customization options provided by gift cards allow consumers to tailor their gifts according to the recipient’s preferences, contributing to their popularity. This personalized touch has fueled the growth of themed and branded gift cards, catering to niche markets and specific interests.

Retailers play a pivotal role in shaping the Canada Gift Cards Market, and their strategies have evolved to capitalize on this growing trend. Many retailers have implemented loyalty programs and partnerships to enhance the value proposition of their gift cards. Collaborations with other businesses, such as restaurants, entertainment venues, and online platforms, create a more comprehensive and appealing gift card offering. Furthermore, retailers are leveraging data analytics to gain insights into consumer behavior and preferences. This data-driven approach allows for targeted marketing campaigns, increasing the effectiveness of promotional efforts and driving the sales of gift cards.

The regulatory environment also plays a crucial role in shaping the Canada Gift Cards Market. Striking a balance between consumer protection and industry innovation, regulators have implemented measures to ensure transparency and fairness in gift card transactions. This includes regulations related to expiration dates, fees, and disclosure requirements, providing consumers with clear and comprehensive information. Additionally, advancements in payment technologies and security measures have bolstered consumer confidence in the use of gift cards. The integration of secure payment methods, such as tokenization and biometric authentication, enhances the overall safety and reliability of gift card transactions.

Despite the positive trajectory, the Canada Gift Cards Market faces certain challenges that industry stakeholders must navigate. Consumer concerns regarding the environmental impact of physical gift cards and potential security issues in the digital realm highlight the need for ongoing innovation and adaptation. However, these challenges also present opportunities for market players to explore sustainable and secure solutions, such as eco-friendly materials for physical cards and blockchain technology for enhanced security in digital transactions. Embracing these opportunities can not only address current concerns but also position the industry for long-term sustainability and growth.

Design Element 2

Access crucial information at unmatched prices!

Request your free sample report today & start making informed decisions powered by Credence Research!

Download Free Sample
CTA Design Element 3

Segmentation Analysis

By Type:

The Canada Gift Cards Market exhibits a multifaceted landscape, characterized by diverse segments that cater to a broad spectrum of consumers. One pivotal aspect of market segmentation is based on the type of gift cards, encompassing Closed-loop Cards, Open Loop Cards, E-Gifting options, and other specialized gift cards. Closed-loop cards, featuring specific brands or retailers, offer a more personalized and tailored gifting experience. Open-loop cards, on the other hand, provide versatility as they are accepted across multiple merchants. E-Gifting has gained significant traction in the digital age, providing instant delivery and redemption options. Other specialized gift cards cater to niche markets, offering unique and themed gifting experiences.

By Price Range

Another crucial segmentation criterion in the Canada Gift Cards Market is based on price range, comprising High (Above 400 US$), Medium (200-400 US$), and Low (0-200 US$) segments. High-end gift cards above $400 target consumers seeking premium gifting options, often associated with luxury brands or exclusive experiences. The Medium price range appeals to those looking for a balance between value and affordability, while Low-priced gift cards cater to budget-conscious consumers without compromising on the gifting experience.

By End-User

The segmentation based on end-users distinguishes between Business and Individual consumers. Gift cards designed for businesses often come in bulk, facilitating corporate gifting and employee incentives. Individual-focused gift cards offer a versatile range of options catering to personal preferences, making them ideal for special occasions or personal expressions of gratitude.

By Generation

Considering the generational aspect of the market, segmentation based on Generation X, Millennials, Generation Z, and others provides insights into the varying preferences across age groups. Generation X, representing individuals born between the early 1960s and late 1970s, may prefer traditional or nostalgic gifting experiences. Millennials, born between the early 1980s and mid-1990s, often seek digital and experiential gifts, aligning with the rise of E-Gifting. Generation Z, the youngest demographic, may gravitate towards innovative and tech-savvy gift card options, reflecting their digitally native lifestyles.

By Distribution Channel

The distribution channel is a pivotal segment, defining how gift cards reach consumers. In this market, distribution channels include Restaurants, Discount Stores, Supermarkets/Hypermarkets, Coffee Shops, and other specialized outlets. Restaurants offer gift cards for culinary experiences, while discount stores and supermarkets provide convenient options for a diverse range of products. Coffee shops contribute to the market through co-branded or standalone gift cards, enhancing the overall gifting experience. Other specialized outlets cater to specific niches, providing unique and tailored options.

Segments:

By Type:

  • Closed-loop Card
  • Open Loop
  • E-Gifting
  • Others Gift Card

By Price Range

  • High (Above 400 US$)
  • Medium (200-400 US$)
  • Low (0-200 US$)

By End-User

  • Business
  • Individuals

By Generation

  • Generation X
  • Millennial
  • Generation Z
  • Others

By Distribution Channel

  • Restaurants
  • Discount Stores
  • Supermarkets/Hypermarkets
  • Coffee Shops
  • Others

By Region

  • Western Provinces (British Columbia, Alberta, Saskatchewan, Manitoba)
  • Ontario
  • Eastern Provinces (Quebec, Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador)
  • Northern Territories (Yukon, Northwest Territories, Nunavut)

Market Drivers

Shifting Consumer Preferences: A Catalyst for Gift Card Growth

Younger generations, notably millennials and Gen Z, are steering the Canada Gift Cards Market into a new era driven by shifting consumer preferences. The allure of gift cards lies in their unparalleled convenience and flexibility, attributes highly appreciated by these demographics. Gift cards empower recipients with the autonomy to choose precisely what they desire, avoiding the cumbersome process of dealing with unwanted gifts. The younger demographic, with their tech-savvy lifestyles, values the ability to curate their own experiences, making gift cards an increasingly popular choice in the realm of gifting.

Rise of E-Commerce: Catalyst for Digital Gift Cards

The landscape of gift-giving is undergoing a profound transformation with the surge of e-commerce, becoming a pivotal driver for the Canada Gift Cards Market. The rapid growth of online shopping has catalyzed the demand for digital gift cards, offering a seamless and efficient alternative to traditional options. Consumers, enticed by the convenience of purchasing and delivering gifts online, are embracing digital gift cards as a preferred choice. This trend is poised to persist, resonating with the ongoing shift in consumer behavior towards online retail channels. As e-commerce continues its ascendancy, the demand for digital gift cards is expected to further solidify its position in the market.

Increased Use of Gift Cards for Incentives: Aligning Business Strategies

A notable trend shaping the Canada Gift Cards Market is the increased utilization of gift cards as powerful incentives by businesses. Beyond traditional gifting, businesses are leveraging gift cards to incentivize employees, reward customers, and enhance brand promotion. This strategic integration aligns with the evolving landscape of employee engagement and customer loyalty. The versatile nature of gift cards enables businesses to foster stronger connections with their target audiences. As companies seek innovative ways to engage and motivate, the role of gift cards as effective incentives is anticipated to gain even greater prominence in the business ecosystem.

Growing Demand for Personalized Gifting: Tailoring the Experience

In the ever-evolving gifting landscape, a key driver propelling the Canada Gift Cards Market forward is the escalating demand for personalized gifting experiences. Consumers, seeking to add a personal touch to their gifts, are turning to gift cards as a convenient means of customization. Retailers are responding to this demand by offering gift cards that can be personalized with messages or even photos. This customization aspect enhances the emotional resonance of the gift, transforming it into a more thoughtful and intimate gesture. The convergence of technology and personalization is driving this trend, reshaping the perception of gift cards from generic tokens to uniquely tailored expressions of sentiment.

Market Trends

Rise of Digital Gift Cards: Transforming the Gifting Landscape

Digital gift cards have emerged as a prominent trend, driven by their inherent convenience and ease of use. Consumers and businesses alike are drawn to the streamlined process of purchasing, sending, and redeeming digital gift cards, making them a preferred choice in the evolving gifting landscape. The seamless integration of digital gift cards with mobile wallets and online platforms adds another layer of convenience for consumers. Storing and managing digital gift cards within mobile wallets or online accounts enhances accessibility and ensures that users have their gift cards readily available whenever needed.

Personalization and Customization: Elevating the Gifting Experience

Consumers are increasingly seeking ways to make their gifts more meaningful, leading to a surge in demand for gift cards with customizable features. The ability to add personal touches such as messages, photos, or even video greetings enhances the emotional value of the gift, aligning with the growing trend of personalized gifting experiences. Retailers are strategically integrating gift cards with loyalty programs, fostering stronger customer engagement. This trend not only incentivizes gift card purchases but also allows customers to earn and redeem loyalty points, creating a symbiotic relationship between gift cards and brand loyalty.

Expansion Beyond Traditional Retail: Diversifying Gift Card Offerings

The trend of offering gift cards has expanded beyond traditional retail, encompassing a diverse array of businesses. Travel companies, restaurants, service providers, and entertainment venues now embrace gift cards, catering to the varied preferences of consumers seeking unique and experiential gifting options. The market has witnessed a growing demand for both open-loop and closed-loop gift cards. Open-loop cards, offering flexibility across various retailers, have become increasingly popular. Simultaneously, closed-loop cards, specific to a particular brand or store, remain sought after, providing a more targeted gifting experience based on consumer preferences.

Focus on Security and Fraud Prevention: Safeguarding Gift Card Transactions

To address concerns related to security and fraud, gift card issuers are adopting advanced security measures. Chip-enabled cards, PIN verification, and enhanced encryption contribute to a more secure environment, protecting against unauthorized use and fraudulent activities. Initiatives are underway to educate consumers about safe gift card purchasing and usage practices. By raising awareness, stakeholders aim to empower consumers with the knowledge needed to make secure transactions, fostering trust in the use of gift cards.

Market Restraints and Challenges

Potential Fraud and Security Risks: Safeguarding the Digital Gift Card Realm

Digital gift cards, while offering convenience, face inherent vulnerabilities such as hacking, phishing scams, and unauthorized access. These risks not only pose financial threats to both consumers and businesses but also hinder trust and adoption. Addressing these security concerns is imperative to ensure the continued growth of the digital gift card market. The complexity of regulations presents a significant challenge for issuers operating in the Canada Gift Cards Market. Navigating diverse regulations across different provinces and card types adds operational costs, creating a hurdle for seamless market operations. Simplifying and harmonizing regulations could alleviate this challenge and promote a more streamlined market environment.

Market Fragmentation: Navigating the Maze of Gift Card Providers

The presence of numerous gift card providers and issuers contributes to market fragmentation. This abundance creates confusion for consumers, making it challenging for them to navigate through the plethora of options available. This fragmentation, if unchecked, has the potential to limit the overall market growth potential. Inconsistent terms and conditions, fees, and redemption processes across different gift cards further compound the challenge of market fragmentation. The lack of standardization creates a complex and frustrating experience for consumers, hampering the seamless adoption of gift cards across various retail sectors.

Economic Uncertainty: Navigating Challenges Amid Economic Fluctuations

During economic downturns, consumer spending on discretionary items, including gift cards, may decline. This poses a challenge to market growth, especially for non-essential retailers relying on gift card sales. Strategies to mitigate the impact of economic uncertainties on consumer behavior become crucial for sustained market resilience. For open-loop gift cards with international acceptance, fluctuations in exchange rates can impact the perceived value and attractiveness of the gift card. Managing this volatility becomes essential for gift card providers to maintain competitiveness and appeal to a broader consumer base.

Rise of Alternative Gifting Options: Responding to Evolving Consumer Preferences

The rise of alternative gifting options, such as experiential gifts and subscription boxes, poses a competitive threat to traditional gift cards. This is particularly relevant for younger generations seeking unique and personalized experiences beyond the conventional gift card offerings. Adapting to evolving consumer preferences becomes pivotal in addressing this challenge.

Impersonal Nature of Gift Cards: Balancing Convenience and Thoughtfulness

Some consumers perceive gift cards as impersonal, lacking the thoughtfulness associated with more traditional, physical gifts. Overcoming this perception challenge requires innovative strategies to position gift cards as thoughtful and meaningful choices, balancing the convenience they offer with a personal touch. Canada Gift Cards Market faces a spectrum of challenges, from potential fraud and security risks to market fragmentation, economic uncertainties, the rise of alternative gifting options, and addressing the perceived impersonality of gift cards. Successfully navigating and mitigating these challenges will be essential for industry stakeholders to ensure the continued growth and resilience of the gift card market in an ever-evolving retail landscape.

Key Players

  • George Weston Ltd
  • Wal-Mart Stores Inc
  • Empire Co Ltd
  • Costco Wholesale Corp
  • Metro AG
  • Canadian Tire Corp Ltd
  • Home Depot Inc, The
  • Liquor Control Board of Ontario
  • Hudson’s Bay Co
  • Home Hardware Stores Ltd
  • Best Buy Co Inc
  • Apple Inc

Regional Analysis

Western Provinces:

The Western provinces, including British Columbia, Alberta, Saskatchewan, and Manitoba, account for a significant portion of the Canadian gift card market share. In this region, the retail and hospitality sectors play a pivotal role, with consumers favoring gift cards from prominent national chains and local establishments alike. Notably, the growing popularity of digital gift cards has gained traction, catering to the tech-savvy population and aligning with the region’s progressive outlook. Market share data indicates that the Western provinces collectively contribute approximately 35% to the overall Canadian gift card market. British Columbia, with its thriving urban centers and tourism industry, holds the largest share within this region, accounting for nearly 18% of the national market. Alberta, driven by its robust energy sector and growing consumer base, follows closely with a 12% market share. The remaining provinces, Saskatchewan and Manitoba, contribute 3% and 2% respectively.

Ontario:

Ontario, the most populous province in Canada, dominates the gift card market, capturing a substantial 40% market share. The diverse consumer base and the presence of major retail and hospitality players contribute to this dominance. Toronto, the provincial capital and Canada’s largest city, serves as a hub for gift card innovations, with retailers continually exploring new ways to enhance the customer experience. Additionally, the growing popularity of e-commerce and mobile applications has facilitated the adoption of digital gift cards, further strengthening Ontario’s position in the market. Within Ontario, the Greater Toronto Area accounts for a staggering 25% of the national gift card market, while regions like Ottawa and the Golden Horseshoe contribute 8% and 7% respectively.

Eastern Provinces:

The Eastern provinces, including Quebec, Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador, present a unique gift card market dynamic. Cultural influences and consumer preferences shape the industry in this region, with a strong emphasis on local and regional brands. Quebec, in particular, has a distinct market characterized by a preference for French-language gift cards and products from Quebec-based retailers. The province accounts for a significant 15% of the Canadian gift card market share, driven by its large population and vibrant retail landscape. The remaining Eastern provinces collectively contribute around 5% to the national market, with Nova Scotia leading the way at 2%, followed by New Brunswick, Prince Edward Island, and Newfoundland and Labrador at 1% each.

Northern Territories:

The Northern territories of Yukon, Northwest Territories, and Nunavut, while sparsely populated, offer niche opportunities for the gift card market. In these regions, gift cards are often used as incentives and rewards, particularly in the mining and resource industries. Additionally, the growing tourism sector has created a demand for gift cards from local businesses and attractions. While the Northern territories contribute a relatively small share to the overall Canadian gift card market, their unique consumer dynamics and cultural influences shape the industry’s presence in these regions. The Yukon holds the largest share among the territories, accounting for approximately 0.5% of the national market, followed by the Northwest Territories and Nunavut at 0.3% and 0.2% respectively. Despite their modest contributions, these regions present untapped potential for growth and innovation in the gift card industry.

Design Element 2

Access crucial information at unmatched prices!

Request your free sample report today & start making informed decisions powered by Credence Research!

Download Free Sample
CTA Design Element 3

Future Outlook

  1. The Canada Gift Cards Market is embracing digital formats for greater accessibility and convenience.
  2. Personalized gifting experiences are evolving, with AI-driven recommendations and dynamic customization options gaining prominence.
  3. Emerging technologies like blockchain and augmented reality are expected to play a significant role in shaping the future of gift cards.
  4. Cross-industry collaborations are on the rise, fostering innovation and expanding the market into new sectors.
  5. Sustainability is a growing focus, with an increasing shift towards eco-friendly materials for gift cards.
  6. Robust security measures, including biometric authentication and tokenization, will enhance the safety of digital gift card transactions.
  7. Streamlining regulations and standardizing terms will contribute to a more transparent and consumer-friendly market.
  8. Data analytics will drive targeted marketing strategies, ensuring tailored promotions based on comprehensive consumer insights.
  9. Innovative designs and materials will keep physical gift cards relevant, complementing the digital shift.
  10. Continuous adaptation to evolving consumer trends is crucial for sustained growth in the dynamic gift cards market.

Table of Content

Chapter No. 1 :……….. Introduction.. 16

1.1.       Report Description. 16

1.1.1.     Purpose of the Report. 16

1.1.2.     USP & Key Offerings. 16

1.2.       Key Benefits for Stakeholders. 16

1.3.       Target Audience. 17

1.4.       Report Scope   18

Chapter No. 2 :……….. Executive Summary. 19

2.1.       Gift Cards Market Snapshot. 19

2.2.       CANADA Gift Cards Market, 2018 – 2032 (USD Billion). 20

Chapter No. 3 :……….. Gift Cards Market – Industry Analysis. 21

3.1.       Introduction   21

3.2.       Market Drivers  22

3.2.1.     Enhanced Sales for Retailers and Convenience to Buyers. 22

3.2.2.     Steadily Rising Foodservice Sector Worldwide. 23

3.2.3.     Consistently Growing Retail Industry Worldwide. 23

3.3.       Market Restraints. 24

3.3.1.     Growing instances of gift card hacking by the fraudsters. 24

3.3.2.     Economic Uncertainty. 24

3.4.       Market Opportunities. 26

3.4.1.     Rise of Digital Gift Cards. 26

3.4.2.     Use of Packaged Gift Cards. 26

3.5.       Buying Criteria  27

Chapter No. 4 :……….. Competitive Landscape Analysis. 28

4.1.       Company Market Share Analysis – 2023. 28

4.1.1.     CANADA Gift Cards Market: Company Market Share, by Revenue, 2023. 28

4.1.       CANADA Gift Cards Market Company Revenue Market Share, 2023. 29

4.2.       CANADA Gift Cards Market Retailers Revenue Market Share, 2023. 30

4.3.       Strategic Developments. 32

4.3.1.     Acquisitions & Mergers, Partnerships and New Product Launch. 32

4.4.       Key Players Product Matrix. 34

Chapter No. 5 :……….. PESTEL & Adjacent Market Analysis. 37

5.1.       PESTEL  37

5.1.1.     Political Factors. 37

5.1.2.     Economic Factors. 37

5.1.3.     Social Factors. 37

5.1.4.     Technological Factors. 37

5.1.5.     Environmental Factors. 38

5.1.6.     Legal Factors. 38

5.2.       Adjacent Market Analysis. 38

Chapter No. 6 :……….. Gift Cards Market – By Type Segment Analysis. 41

6.1.       Gift Cards Market Overview, by Type Segment. 41

6.1.1.     Gift Cards Market Revenue Share, By Type, 2023 & 2032. 41

6.1.2.     Gift Cards Market Attractiveness Analysis, By Type. 43

6.1.3.     Incremental Revenue Growth Opportunity, by Type, 2024 – 2032. 43

6.1.4.     Gift Cards Market Revenue, By Type, 2018, 2023, 2027 & 2032. 44

6.2.       Closed-loop Card. 45

6.3.       Open Loop   46

6.4.       E-Gifting  47

6.5.       Others Gift Card. 48

Chapter No. 7 :……….. Gift Cards Market – By Price Range Segment Analysis. 49

7.1.       Gift Cards Market Overview, by Price Range Segment. 49

7.1.1.     Gift Cards Market Revenue Share, By Price Range, 2023 & 2032. 49

7.1.2.     Gift Cards Market Attractiveness Analysis, By Price Range. 50

7.1.3.     Incremental Revenue Growth Opportunity, by Price Range, 2024 – 2032. 50

7.1.4.     Gift Cards Market Revenue, By Price Range, 2018, 2023, 2027 & 2032. 51

7.2.       High (Above 400 US$). 52

7.3.       Medium (200-400 US$). 53

7.4.       Low (0-200 US$). 54

Chapter No. 8 :……….. Gift Cards Market – By End-user Segment Analysis. 55

8.1.       Gift Cards Market Overview, by End-user Segment. 55

8.1.1.     Gift Cards Market Revenue Share, By End-user, 2023 & 2032. 55

8.1.2.     Gift Cards Market Attractiveness Analysis, By End-user. 56

8.1.3.     Incremental Revenue Growth Opportunity, by End-user, 2024 – 2032. 56

8.1.4.     Gift Cards Market Revenue, By End-user, 2018, 2023, 2027 & 2032. 57

8.2.       Business  58

8.3.       Individuals  59

Chapter No. 9 :……….. Gift Cards Market – By Generation Segment Analysis. 60

9.1.       Gift Cards Market Overview, by Generation Segment. 60

9.1.1.     Gift Cards Market Revenue Share, By Generation, 2023 & 2032. 60

9.1.2.     Gift Cards Market Attractiveness Analysis, By Generation. 61

9.1.3.     Incremental Revenue Growth Opportunity, by Generation, 2024 – 2032. 61

9.1.4.     Gift Cards Market Revenue, By Generation, 2018, 2023, 2027 & 2032. 62

9.2.       Generation X   63

9.3.       Millennial 64

9.4.       Generation Z  65

9.5.       Others  66

Chapter No. 10 :……… Gift Cards Market – By Distribution Channel Segment Analysis  67

10.1.    Gift Cards Market Overview, by Distribution Channel Segment. 67

10.1.1.   Gift Cards Market Revenue Share, By Distribution Channel, 2023 & 2032. 67

10.1.2.   Gift Cards Market Attractiveness Analysis, By Distribution Channel 68

10.1.3.   Incremental Revenue Growth Opportunity, by Distribution Channel, 2024 – 2032. 68

10.1.4.   Gift Cards Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032. 69

10.2.    Restaurants  70

10.3.    Discount Stores. 71

10.4.    Supermarkets/Hypermarkets. 72

10.5.    Coffee Shops  73

10.6.    Others  74

Chapter No. 11 :……… Gift Cards Market – By Distribution Channel Segment Analysis  75

11.1.    Gift Cards Market, by Retailers, 2018 – 2023 (USD Bn). 75

11.1.    Gift Cards Market Share, by Retailers, 2018 – 2023 %.. 77

Chapter No. 12 :……… Company Profiles. 79

12.1.    Amazon.com, Inc. 79

12.1.1.   Company Overview.. 79

12.1.2.   Product Portfolio. 80

12.1.3.   Financial Overview.. 80

12.2.    Apple Inc. 81

12.2.1.   Company Overview.. 81

12.2.2.   Product Portfolio. 82

12.2.3.   Financial Overview.. 82

12.3.    Best Buy Co., Inc. 83

12.3.1.   Company Overview.. 83

12.3.2.   Product Portfolio. 84

12.3.3.   Financial Overview.. 85

12.4.    Blackhawk Network Holdings, Inc. 86

12.4.1.   Company Overview.. 86

12.4.2.   Product Portfolio. 87

12.4.3.   Financial Overview.. 87

12.5.    Global Payments Direct, Inc. 88

12.5.1.   Company Overview.. 88

12.5.2.   Product Portfolio. 89

12.5.3.   Financial Overview.. 89

12.6.    First Data Corporation. 90

12.6.1.   Company Overview.. 90

12.6.2.   Product Portfolio. 91

12.6.3.   Financial Overview.. 91

12.7.    InComm Payments™.. 92

12.7.1.   Company Overview.. 92

12.7.2.   Product Portfolio. 93

12.7.3.   Financial Overview.. 94

12.8.    NGC US, LLC. 95

12.8.1.   Company Overview.. 95

12.8.2.   Product Portfolio. 96

12.8.3.   Financial Overview.. 96

12.9.    Starbucks Corporation. 97

12.9.1.   Company Overview.. 97

12.9.2.   Product Portfolio. 98

12.9.3.   Financial Overview.. 98

12.10.  Target Corporation. 99

12.10.1.              Company Overview.. 99

12.10.2.              Product Portfolio. 100

12.10.3.              Financial Overview.. 100

Chapter No. 13 :……… Research Methodology. 101

13.1.    Research Methodology. 101

13.2.    Phase I – Secondary Research. 102

13.3.    Phase II – Data Modeling. 102

13.3.1.   Company Share Analysis Model 103

13.3.2.   Revenue Based Modeling. 103

13.4.    Phase III – Primary Research. 104

13.5.    Research Limitations. 105

13.5.1.   Assumptions. 105

 

List of Figures

FIG NO. 1……….. CANADA Gift Cards Market Revenue, 2018 – 2032 (USD Billion) 20

FIG NO. 2……….. Company Share Analysis, 2023. 28

FIG NO. 3……….. Gift Cards Market – Company Revenue Market Share, 2023. 29

FIG NO. 4……….. Gift Cards Market – Retailers Revenue Market Share, 2023. 30

FIG NO. 5……….. Gift Cards Market Revenue Share, By Type, 2023 & 2032. 41

FIG NO. 6……….. Market Attractiveness Analysis, By Type. 43

FIG NO. 7……….. Incremental Revenue Growth Opportunity by Type, 2024 – 2032. 43

FIG NO. 8……….. Gift Cards Market Revenue, By Type, 2018, 2023, 2027 & 2032. 44

FIG NO. 9……….. CANADA Closed-loop Card, Revenue (USD Billion) 2018 – 2032. 45

FIG NO. 10……… CANADA Open Loop Card, Revenue (USD Billion) 2018 – 2032. 46

FIG NO. 11……… CANADA E-Gifting Card, Revenue (USD Billion) 2018 – 2032. 47

FIG NO. 12……… CANADA Other Gift Cards Market, Revenue (USD Billion) 2018 – 2032. 48

FIG NO. 13……… Gift Cards Market Revenue Share, By Price Range, 2023 & 2032. 49

FIG NO. 14……… Market Attractiveness Analysis, By Price Range. 50

FIG NO. 15……… Incremental Revenue Growth Opportunity by Price Range, 2024 – 2032. 50

FIG NO. 16……… Gift Cards Market Revenue, By Price Range, 2018, 2023, 2027 & 2032. 51

FIG NO. 17……… CANADA Gift Cards Market for High (Above 400 US$), Revenue (USD Billion) 2018 – 2032. 52

FIG NO. 18……… CANADA Gift Cards Market for Medium (200-400 US$), Revenue (USD Billion) 2018 – 2032. 53

FIG NO. 19……… CANADA Gift Cards Market for Low (0-200 US$), Revenue (USD Billion) 2018 – 2032. 54

FIG NO. 20……… Gift Cards Market Revenue Share, By End-user, 2023 & 2032. 55

FIG NO. 21……… Market Attractiveness Analysis, By End-user. 56

FIG NO. 22……… Incremental Revenue Growth Opportunity by End-user, 2024 – 2032. 56

FIG NO. 23……… Gift Cards Market Revenue, By End-user, 2018, 2023, 2027 & 2032. 57

FIG NO. 24……… CANADA Gift Cards Market for Business, Revenue (USD Billion) 2018 – 2032. 58

FIG NO. 25……… CANADA Gift Cards Market for Individuals, Revenue (USD Billion) 2018 – 2032. 59

FIG NO. 26……… Gift Cards Market Revenue Share, By Generation, 2023 & 2032. 60

FIG NO. 27……… Market Attractiveness Analysis, By Generation. 61

FIG NO. 28……… Incremental Revenue Growth Opportunity by Generation, 2024 – 2032. 61

FIG NO. 29……… Gift Cards Market Revenue, By Generation, 2018, 2023, 2027 & 2032. 62

FIG NO. 30……… CANADA Gift Cards Market for Generation X, Revenue (USD Billion) 2018 – 2032. 63

FIG NO. 31……… CANADA Gift Cards Market for Millennial, Revenue (USD Billion) 2018 – 2032. 64

FIG NO. 32……… CANADA Gift Cards Market for Generation Z , Revenue (USD Billion) 2018 – 2032. 65

FIG NO. 33……… CANADA Gift Cards Market for Others, Revenue (USD Billion) 2018 – 2032. 66

FIG NO. 34……… Gift Cards Market Revenue Share, By Distribution Channel, 2023 & 2032. 67

FIG NO. 35……… Market Attractiveness Analysis, By Distribution Channel 68

FIG NO. 36……… Incremental Revenue Growth Opportunity by Distribution Channel, 2024 – 2032. 68

FIG NO. 37……… Gift Cards Market Revenue, By Distribution Channel, 2018, 2023, 2027 & 2032. 69

FIG NO. 38……… CANADA Gift Cards Market for Restaurants, Revenue (USD Billion) 2018 – 2032. 70

FIG NO. 39……… CANADA Gift Cards Market for Discount Stores, Revenue (USD Billion) 2018 – 2032. 71

FIG NO. 40……… CANADA Gift Cards Market for Supermarkets/Hypermarkets, Revenue (USD Billion) 2018 – 2032  72

FIG NO. 41……… CANADA Gift Cards Market for Coffee Shops , Revenue (USD Billion) 2018 – 2032. 73

FIG NO. 42……… CANADA Gift Cards Market for Others, Revenue (USD Billion) 2018 – 2032. 74

FIG NO. 43……… Research Methodology – Detailed View.. 101

FIG NO. 44……… Research Methodology. 102

 

 

List of Tables

TABLE NO. 1. :…. CANADA Gift Cards Market: Snapshot 19

TABLE NO. 2. :…. Drivers for the Gift Cards Market: Impact Analysis. 22

TABLE NO. 3. :…. Restraints for the Gift Cards Market: Impact Analysis. 24

Frequently Asked Questions:

What is the current value of the Canada Gift Cards Market, and how is it projected to grow in the coming years?

The Canada Gift Cards Market is valued at USD 46,512.30 million in 2023 and is expected to experience substantial expansion, reaching USD 101,751.91 million by 2032, with a remarkable compound annual growth rate of 9.00%.

What factors are driving the growth of the Canada Gift Cards Market, and how are consumer preferences influencing the market dynamics?

The market’s growth is fueled by factors such as the convenience and flexibility offered by gift cards, the digital transformation in the retail sector, and evolving consumer preferences. Gift cards are preferred for their ability to provide a personalized touch to the gifting experience.

How do consumer trends, particularly among different demographics, impact the Canada Gift Cards Market?

Gift cards have become integral to gifting culture, appealing to a broad demographic. Younger generations, like millennials and Gen Z, show a preference for digital gift cards, aligning with their tech-savvy lifestyles, while older generations appreciate the tangible aspect of physical gift cards.

What role do retailers play in shaping the Canada Gift Cards Market, and how have their strategies evolved?

Retailers play a pivotal role by implementing loyalty programs, partnerships, and data-driven strategies to enhance the value proposition of gift cards. Collaborations with various businesses, along with insights from data analytics, contribute to a more comprehensive and appealing gift card offering.

How does the regulatory environment impact the Canada Gift Cards Market, and what measures are in place to ensure transparency and fairness in gift card transactions?

Regulators strike a balance between consumer protection and industry innovation, implementing measures related to expiration dates, fees, and disclosure requirements. Advancements in payment technologies, such as tokenization and biometric authentication, further bolster consumer confidence in using gift cards.

Toilet Care Market

Published:
Report ID: 11360

Food Blenders and Mixers Market

Published:
Report ID: 5485

Builders’ Joinery And Carpentry Of Wood Market

Published:
Report ID: 3713

Botanical Supplements Market

Published:
Report ID: 3017

Baby Personal Care Market

Published:
Report ID: 1898

Bottled Water Market

Published:
Report ID: 4189

Massage Chair Market

Published:
Report ID: 36375

Foot Care Products Market

Published:
Report ID: 5605

Hair Styling Tools Market

Published:
Report ID: 36362

Electric Kettle Market

Published:
Report ID: 36332

Baby High Chair Market

Published:
Report ID: 36303

Water Cooler Market

Published:
Report ID: 36292

Purchase Options

$999
Delivery Format: Excel.
$1999
Designed for the individual purchaser.
$2999
Users located at a single corporate site or regional office.
$3999
Allowed for unlimited sharing globally within one company.
Smallform of Sample request

Have a question?

User Profile

Don’t settle for less – trust Mitul to help you find the best solution.

Report delivery within 24 to 48 hours

– Other Info –

What people say?-

User Review

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –

Phone

+91 6232 49 3207


support

24/7 Research Support


sales@credenceresearch.com

– Research Methodology –

Going beyond the basics: advanced techniques in research methodology

– Trusted By –

Pepshi, LG, Nestle
Motorola, Honeywell, Johnson and johnson
LG Chem, SIEMENS, Pfizer
Unilever, Samsonite, QIAGEN