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United Kingdom (UK) Gift Cards Market By Type (Closed-loop Card, Open Loop, E-Gifting, Others Gift Card); By Price Range (High (above 400 US dollars), 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

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
United Kingdom (UK) Gift Cards Market Size 2023	USD 40,851.30 million
United Kingdom (UK) Gift Cards Market, CAGR	10.51%
United Kingdom (UK) Gift Cards Market Size 2032	USD 100,419.97 million

Market Overview

The UK Gift Cards Market is poised for substantial growth, with its value projected to surge from USD 40,851.30 million in 2023 to a robust USD 100,419.97 million by 2032, reflecting a remarkable compound annual growth rate of 10.51%. In terms of market dynamics, several factors contribute to the thriving nature of the UK gift card market. A significant driver is the growing trend of digital gifting, which aligns seamlessly with the broader shift towards online shopping and digital payments. The convenience and flexibility associated with gift cards make them an attractive choice for consumers seeking versatile gifting options. Moreover, the market benefits from the rising popularity of experiential gifting, where consumers prefer giving and receiving gift cards for experiences such as dining, travel, or entertainment. This shift towards experiential gifting reflects changing consumer preferences and a desire for memorable, personalized experiences.

Market segmentation plays a pivotal role in understanding the diverse offerings within the UK gift card market. It is segmented based on the type of gift cards, including retail gift cards, restaurant gift cards, and digital gift cards. Retail gift cards remain a dominant segment, driven by the convenience they offer for recipients to choose products of their liking. Simultaneously, the restaurant gift card segment is experiencing significant growth, fueled by the increasing popularity of dining out and the desire for culinary experiences. Digital gift cards, facilitated through online platforms and mobile applications, are gaining traction due to their ease of purchase and instantaneous delivery.

The market is characterized by the presence of key players such as Amazon, Tesco, and John Lewis, each contributing to the industry’s growth and competitiveness. These companies leverage their established brands and extensive retail networks to capture a significant share of the market. In response to the evolving market landscape, key players are adopting strategic initiatives to maintain their competitive edge. Partnerships and collaborations between gift card issuers and retailers are becoming increasingly common, enabling cross-promotions and expanded distribution channels.

Technological advancements play a crucial role in shaping the industry, with the integration of innovative features such as personalization options, mobile wallets, and loyalty programs enhancing the overall consumer experience. The adoption of blockchain technology for gift cards is also gaining attention, providing enhanced security and transparency in transactions.

Despite the promising outlook, the UK gift card market is not without challenges. One notable hurdle is the potential for fraud and unauthorized use of gift cards. Gift card issuers are responding proactively by investing in advanced security measures to mitigate these risks and enhance consumer confidence. On the positive side, the market presents exciting opportunities for growth. The integration of artificial intelligence and data analytics can provide valuable insights into consumer preferences, allowing gift card issuers to tailor their offerings and marketing strategies effectively. Additionally, expanding the range of partnerships with businesses outside the traditional retail sector can open up new avenues for market expansion. In essence, the future of the UK gift card market appears promising, offering a diverse and dynamic landscape for both businesses and consumers alike.

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Segmentation Analysis

By Type:

Closed-loop card: These gift cards are restricted to a specific retailer or group of retailers, offering a more personalized and brand-focused gifting experience.
Open Loop: Providing greater flexibility, open-loop cards can be used across a wider network of retailers and locations, enhancing convenience for both givers and receivers.
E-Gifting: With the increasing prominence of digital transactions, e-gifting has gained traction, allowing for seamless and instantaneous gift card delivery through online platforms.
Others Gift Card: This category encompasses specialized or niche gift cards, catering to specific interests or experiences beyond the conventional retail landscape.

By Price Range:

High (above 400 US$): Gift cards falling into this category offer a premium gifting experience, allowing recipients to indulge in high-end or luxury products and services.
Medium (200–400 US$): Positioned as a mid-range option, these gift cards strike a balance between affordability and a diverse range of gifting choices.
Low (0–200 US$): Catering to budget-conscious consumers, low-range gift cards provide an accessible yet thoughtful gifting option.

By End-user:

Business: gift cards purchased for corporate gifting purposes, incentivizing employees, or fostering business relationships.
Individuals: Catering to personal gifting needs, individuals purchase gift cards for friends, family, or personal celebrations.

By Generation:

Generation X: Targeting individuals born between the early 1960s and early 1980s, this segment appreciates traditional and established brands.
Millennial: Embracing digital trends and experiential gifting, millennials contribute significantly to the market’s growth.
Generation Z: The youngest consumer segment, Gen Z, values convenience and digital experiences, influencing the adoption of e-gifting and tech-savvy options.

By Distribution Channel:

Restaurants: Gift cards are offered by dining establishments, providing a culinary experience for recipients.
Discount Stores: Catering to budget-conscious consumers, discount stores offer gift cards for various products and services.
Supermarkets/Hypermarkets: Conveniently accessible, these outlets provide a diverse range of gift card options.
Coffee Shops: Coffee shop gift cards appeal to consumers seeking a cozy and relaxed gifting experience.
Others: This category includes diverse distribution channels, such as specialty stores or online platforms, expanding the reach of gift cards to different consumer demographics.

Segments:

By Type:

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

By Price Range:

High (above 400 US dollars)
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

London and the South East

The Midlands

West Midlands
East Midlands

The North of England

Yorkshire and the Humber
North West England
North East England

Scotland

Central Scotland
North-East Scotland
Highlands and Islands
South Scotland

Wales and Northern Ireland

Wales
Northern Ireland

Market Drivers

Growing E-commerce and Digitalization:

The surge in e-commerce platforms has significantly streamlined the process of purchasing and sending gift cards, especially for digital options. Consumers now enjoy enhanced convenience and accessibility, as the digital landscape allows for seamless transactions from the comfort of their homes. The integration of gift cards into online platforms further amplifies their visibility, making them a ubiquitous and user-friendly option for both buyers and recipients. The symbiotic relationship between gift cards and online retail is evident in the integration of gift cards as a payment option during online checkout processes. This integration not only contributes to ease of use but also maximizes visibility for gift cards.

Increasing Popularity of Digital Gifting:

Digital gift cards have gained popularity due to their rapid delivery and redemption processes, minimizing waiting times for both gift givers and receivers. This efficiency aligns with the modern preference for instant gratification. Additionally, digital options contribute to sustainability efforts by reducing the environmental impact associated with traditional physical gift cards. The flexibility inherent in digital gift cards, allowing for customizable denominations and personalized messages or designs, adds an extra layer of appeal. The combination of speed, efficiency, and customization enhances the overall gifting experience, driving the increasing preference for digital options.

Changing Consumer Preferences and Gifting Trends:

A notable shift in consumer preferences is witnessed as individuals increasingly opt for experiences and intangible gifts over traditional physical items. This shift resonates with the convenience and flexibility offered by gift cards, providing recipients with the freedom to choose experiences that align with their preferences. The evolving nature of gifting trends positions gift cards as a versatile and sought-after solution. Modern lifestyles, marked by fast-paced routines, contribute to the growing demand for last-minute gifting solutions. Gift cards, readily available through various channels, serve as a popular choice for individuals seeking convenient and immediate gifting options.

Marketing and promotional strategies:

Retailers, brands, and gift card platforms leverage targeted marketing campaigns to showcase the benefits of gift cards, emphasizing their convenience, flexibility, and extensive selection. These campaigns aim to capture the attention of potential buyers and enhance the overall perception of gift cards as a thoughtful and versatile gifting option. Strategic promotions and discounts during holidays and special occasions further incentivize the purchase and use of gift cards.

Growing Adoption by Businesses:

Businesses increasingly recognize the value of gift cards as effective tools for employee rewards and incentives. Gift cards, offering flexibility and a wide array of choices, serve as motivational rewards that boost morale and foster positive engagement within the workforce. Integrated into customer loyalty programs, gift cards become powerful tools for businesses aiming to retain customers and encourage repeat purchases. By incorporating gift cards into loyalty initiatives, businesses create an additional incentive for customers to remain loyal to their brand. Beyond individual gifting, businesses strategically deploy gift cards as marketing and promotional tools. These initiatives attract new customers, boost brand awareness, and contribute to the overall success of promotional campaigns, leveraging the widespread appeal and flexibility of gift cards.

Regulatory Landscape and Consumer Protection:

To ensure transparency and consumer protection, regulations have been implemented to govern fees and expiration limitations associated with gift cards. These clear guidelines provide consumers with confidence in their gift card transactions, knowing that they are protected from hidden fees and untimely expirations. Regulatory measures and technological advancements jointly aim to enhance security features and combat fraud associated with gift cards. These efforts contribute to maintaining the integrity of the gift card system, reassuring both consumers and businesses of the safety and reliability of their transactions.

Market Trends

Digitalization and Evolving Formats:

Digital gift cards are asserting their dominance over traditional plastic cards, propelled by the trifecta of convenience, personalization options, and environmental considerations. The seamless integration with mobile wallets not only facilitates easy storage but also streamlines the redemption process, enhancing overall convenience and accessibility. In the pursuit of heightened security and enhanced functionalities, the industry is exploring emerging technologies such as blockchain and near-field communication (NFC), underscoring a commitment to staying at the forefront of digital advancements.

Personalization and experience-focused gifting:

Gift cards have evolved beyond mere transactions, becoming a canvas for individual expression. The array of personalization options, from custom messages to unique designs and varied denominations, caters to individual preferences, fostering a more intimate gifting experience. As the allure of experiential gifting gains momentum, gift cards for travel, dining, activities, and entertainment are emerging as preferred choices. The surge in popularity of subscription box gift cards, offering curated products or ongoing experiences, reflects a consumer base seeking distinctive and continuous gifting options.

Omnichannel Distribution and Accessibility:

The accessibility of gift cards has reached new heights with the advent of omnichannel distribution. Consumers now have the flexibility to purchase gift cards through diverse channels, including online platforms, physical stores, and mobile apps, amplifying the overall convenience factor. The integration of gift cards with social media platforms has further expanded their reach, enabling easy sharing and gifting within social circles. Innovations in distribution channels, including partnerships with financial institutions and loyalty programs, signal a strategic effort to tap into diverse markets and demographics.

Sustainability and Environmental Concerns:

The modern consumer is increasingly conscientious about the environmental impact of their choices, and gift cards are no exception. There is a growing demand for sustainable options, including digital formats and cards crafted from recycled materials, aligning with eco-conscious preferences. As consumers seek transparency regarding the environmental and social impact of gift cards, companies are adopting sustainable practices throughout the supply chain to meet the evolving expectations of a socially responsible consumer base.

Evolving Regulatory Landscape and Consumer Protection:

Regulatory bodies are keeping pace with the dynamic gift card industry, adapting regulations to ensure transparency in fees, expiry dates, and redemption processes. These measures safeguard consumer interests and contribute to a trustworthy marketplace. Concurrently, advancements in technology and security features are addressing the perennial concern of fraud associated with gift cards. The evolving regulatory landscape, coupled with robust security measures, fosters an environment of consumer trust and confidence in the gift card ecosystem.

Market Restraints and Challenges

Competition and market saturation:

The market is witnessing intense competition with a proliferation of gift cards from various retailers, brands, and platforms. This saturation poses a significant challenge for some players attempting to differentiate themselves and carve out a distinctive market presence. Intensified competition often triggers price wars, exerting pressure on profit margins for retailers and gift card providers. This dynamic environment can challenge the sustainability of profit margins within the industry.

Consumer Perception and Limited Awareness:

Despite their versatility, some consumers still perceive gift cards as impersonal, lacking the thoughtfulness associated with traditional physical gifts. Overcoming this perception hurdle remains a challenge for the industry. The diverse range of gift cards available, particularly those catering to specific categories or experiences, may not be fully recognized by consumers. Enhancing awareness is crucial to broadening the market’s appeal.

Fraud and Security Concerns:

The potential for fraud and unauthorized use of gift cards introduces apprehension among consumers, impacting their willingness to purchase or utilize these cards. In an era of digital transactions, concerns about data breaches and security vulnerabilities associated with online platforms and digital gift cards contribute to consumer reservations.

Regulatory Burden and Compliance:

Navigating intricate regulations and adhering to diverse requirements across various gift card types pose significant challenges and financial burdens for businesses. The continuous evolution of regulations demands businesses stay vigilant, adapt practices accordingly, and invest time and resources to ensure compliance, adding to the operational complexity.

Limited Resale and Redemption Options:

Certain gift cards come with restrictions on resale or redemption, limiting their flexibility and perceived value for recipients. Overcoming these restrictions is pivotal for enhancing the overall appeal of gift cards. Not all gift cards provide convenient and accessible redemption channels, creating frustration for recipients and potentially hindering the market’s growth. Addressing this accessibility gap is imperative for ensuring a positive user experience.

Environmental Impact of Physical Cards:

Despite the rise of digital options, the environmental impact associated with manufacturing and disposing of physical gift cards remains a significant concern, prompting a need for eco-friendly solutions. Striking a balance between convenience, security, and minimizing the environmental footprint of physical gift cards poses an ongoing challenge. Industry players must explore innovative solutions to address these environmental concerns without compromising the user experience.

Key Players

Amazon.com, Inc
American Express Company
Apple Inc.
Fiserv, Inc.
Google LLC
Hennes & Mauritz AB
IKEA
J. Sainsbury plc
JD Sports (Pentland Group)
PayPal, Inc.
Sephora
Starbucks Corporation
ZARA
Mastercard
Visa

Recent Developments

In 2023, Visa unveiled its innovative “Visa B2B Connect” platform, ushering in a new era of efficiency for business-to-business gift card transactions. This cutting-edge platform is designed to streamline and expedite the process, providing a seamless experience for businesses engaged in the exchange of gift cards.

In 2023, Fiserv demonstrated its commitment to enhancing consumer accessibility with a significant expansion of its Carat platform. This expansion involved strategic integration with various retailers and brands, thereby offering consumers a more extensive and diverse selection of gift cards—all accessible from a single, unified platform. The move by Fiserv aligns with the evolving landscape of gift card offerings, catering to the preferences and convenience of modern consumers.

Regional Analysis

London and the South East

The London and South East region has consistently dominated the UK gift card market, accounting for a staggering 35% market share. This region’s affluence, coupled with a dense population and a thriving business hub, has fueled the demand for gift cards across various sectors. Londoners, known for their penchant for luxury and convenience, have embraced gift cards as a practical solution for personal and corporate gifting. Prominent retailers, such as Harrods, Selfridges, and John Lewis, have capitalized on this trend by offering a diverse range of gift card options catering to the discerning tastes of the region’s residents and visitors alike.

The Midlands

The Midlands region, comprising the West Midlands and East Midlands, contributes a significant 22% to the UK gift card market. This region’s diverse economic landscape, encompassing manufacturing, services, and tourism industries, has driven the adoption of gift cards as a convenient and versatile gifting solution. Major retailers like Primark, Debenhams, and Next, with strong presences in the region, have played a pivotal role in popularizing gift cards among the Midlands’ population. Additionally, the region’s vibrant entertainment and hospitality sectors have witnessed a surge in demand for gift cards, enabling consumers to explore a wide array of experiences.

The North of England

The northern region of England, encompassing Yorkshire, the North West, and the North East, accounts for 18% of the UK gift card market. This region’s industrial heritage and increasing economic diversification have contributed to the growth of the gift card industry. Retailers like Marks & Spencer, House of Fraser, and Fenwick have leveraged their strong presence in the North to promote gift card usage among the region’s consumers. Furthermore, the region’s thriving leisure and tourism sectors, including popular destinations like the Lake District and Yorkshire Dales, have witnessed a surge in demand for gift cards as experiential gifting becomes more prevalent.

Scotland

Scotland holds a 12% share of the UK gift card market, driven by its distinct cultural identity and a growing appetite for convenience and experiential gifting. Major retailers like John Lewis, Debenhams, and House of Fraser have capitalized on this trend by offering tailored gift card options for the Scottish market. Additionally, Scotland’s renowned hospitality and tourism industries, including iconic destinations like Edinburgh and the Highlands, have embraced gift cards as a means to enhance the visitor experience and provide a seamless gifting solution for locals and tourists alike.

Wales and Northern Ireland

While Wales and Northern Ireland collectively account for a smaller portion of the UK gift card market, their combined share stands at 13%. In Wales, retailers like Debenhams, Next, and John Lewis have played a significant role in promoting gift card usage among the region’s consumers. Meanwhile, in Northern Ireland, major retailers such as House of Fraser and Marks & Spencer have leveraged their presence to tap into the growing demand for gift cards. Both regions have witnessed an increasing interest in experiential gifting, with gift cards being used for leisure activities, dining experiences, and exploring local attractions.

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Future Outlook

The UK gift card market is poised for a digital revolution, with a growing preference for digital formats due to their convenience and personalized features.
Ongoing exploration of technologies like blockchain and NFC will enhance the security and functionalities of gift cards, ensuring a technologically advanced landscape.
Experiential gifting is on the rise, with gift cards tailored for unique experiences gaining popularity among consumers seeking memorable and personalized gifts.
Sustainability measures will play a significant role, with a focus on eco-friendly practices such as digital alternatives and the use of recycled materials for physical cards.
An omnichannel approach is expected, allowing consumers to purchase gift cards seamlessly across various platforms, including online channels, physical stores, and mobile applications.
Social media integration will continue to grow, facilitating easy sharing and gifting within social circles to expand the market’s reach.
The industry will adapt to an evolving regulatory landscape, ensuring transparency in fees, expiry dates, and redemption processes to build and maintain consumer trust.
Gift cards will offer enhanced personalization options, allowing users to create custom messages, designs, and denominations for a more thoughtful gifting experience.
Security features will be continuously enhanced to combat fraud concerns, ensuring a secure and trustworthy environment for gift card transactions.
Diverse partnership strategies, including collaborations with financial institutions and loyalty programs, will be pursued to expand distribution channels and reach a wider audience.mer experience.

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

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

4.2. UK 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………. UK 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………. UK Closed-loop Card, Revenue (USD Billion) 2018 – 2032. 45

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

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

FIG NO. 12……… UK 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……… UK Gift Cards Market for High (Above 400 US$), Revenue (USD Billion) 2018 – 2032. 52

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

FIG NO. 19……… UK 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……… UK Gift Cards Market for Business, Revenue (USD Billion) 2018 – 2032. 58

FIG NO. 25……… UK 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……… UK Gift Cards Market for Generation X, Revenue (USD Billion) 2018 – 2032. 63

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

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

FIG NO. 33……… UK 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……… UK Gift Cards Market for Restaurants, Revenue (USD Billion) 2018 – 2032. 70

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

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

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

FIG NO. 42……… UK 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. :…. UK 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 UK gift card market, and how is it projected to grow?

As of 2023, the UK gift card market is valued at USD 40,851.30 million, with a projected surge to USD 100,419.97 million by 2032. The impressive compound annual growth rate stands at 10.51%.

What factors contribute to the thriving nature of the UK gift card market?

The market benefits from the growing trend of digital gifting, aligning with the broader shift towards online shopping and digital payments. The convenience and flexibility associated with gift cards make them an attractive choice, along with the rising popularity of experiential gifting.

How is the UK gift card market segmented, and which segments are experiencing notable growth?

The market is segmented based on the type of gift cards, including retail, restaurant, and digital gift cards. Retail gift cards remain dominant, driven by recipient convenience. The restaurant gift card segment is experiencing significant growth, fueled by the increasing popularity of dining out.

Who are the key players in the UK gift card market, and what strategic initiatives are they adopting?

Notable players include Amazon, Tesco, and John Lewis, leveraging their brands and retail networks. Key players are adopting strategic initiatives such as partnerships and collaborations between gift card issuers and retailers, enhancing cross-promotions and distribution channels.

What are the technological advancements shaping the UK gift card market, and how do they enhance the consumer experience?

Technological advancements play a crucial role in integrating features like personalization options, mobile wallets, and loyalty programs. The adoption of blockchain technology is gaining attention for enhanced security and transparency in transactions, contributing to an enriched consu

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