South Africa Gift Card and Incentive Card Market Report 2024, Featuring Spar, Pick n Pay, Shoprite, Checkers - All Brands, Woolworths Food, Pep, Dis-Chem Pharmacy, Clicks and Boxer

Dublin, March 29, 2024 (GLOBE NEWSWIRE) -- The "South Africa Gift Card and Incentive 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 South Africa is expected to reach US$1.3 billion in 2024. The South African gift card industry will continue to grow over the forecast period and is expected to record a CAGR of 10% during 2024-2028. South Africa's gift card market is forecast to increase from US$1.2 billion in 2023 to reach US$1.9 billion by 2028.
The gift card market in 2023 was driven a wide range of factors, which supported growth across retail and corporate segments. The primary factors included growth of ecommerce, increased adoption to incentivize employees working remotely, digital gifting, and initiatives undertaken by government, hospitality, and travel industries to revive growth.

This report provides a detailed data centric analysis of gift card market, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at country level, this report provides a comprehensive understanding of gift card market dynamics, market size and forecast.

*Company Coverage: *Spar, Pick n Pay, Shoprite, Checkers - All Brands, Woolworths Food, Pep, Dis-Chem Pharmacy, Clicks and Boxer

*Report Highlights*

· In-depth understanding of gift card and incentive card market dynamics: Understand market opportunity, key trends and drivers along with five-year forecast (2019-2028) for gift cards and incentive cards in South Africa.
· Develop market specific strategies: Identify growth segments and target specific opportunities across consumer segments and occasions to formulate your gift cards strategy; assess market specific key trends and risks.
· Get insights into consumer attitude and behaviour in South Africa: Understand changing consumer attitude and behaviour and boost ROI. Get detailed insights into retail spend through gift cards for both retail and corporate consumers.
· Get complete perspective through six essential KPIs: number of cards in circulation, load value, unused value, average purchase value, average value per transaction, and value of transactions.
· Distribution channel insights: Understand gift cards sales dynamics by channels - online vs offline and by 1st party vs 3rd party sales.

*Key Attributes:*
*Report Attribute* *Details*
No. of Pages 268
Forecast Period 2024 - 2028
Estimated Market Value (USD) in 2024 $1.3 Billion
Forecasted Market Value (USD) by 2028 $1.9 Billion
Compound Annual Growth Rate 10.0%
Regions Covered South Africa

*Report Scope*

*Total Spend on Gifts in South Africa*

· By Consumer Segment (Retail and Corporate)
· By Product Categories (13 Segments)
· By Retail Sectors (7 Segments)

*Gift Card Market Size by KPIs across Consumer Segments in South Africa*

· Gross Load Value
· Transaction Value
· Unused Value
· Average Value Per Transaction
· Transaction Volume
· Average Value of Card Purchased
· Number of Cards

*Gift Card Market Size by Consumer Segment in South Africa*

· Retail Consumer
· Corporate Consumer (Small Scale, Mid-Tier, Large Enterprise)

*Digital Gift Card Market Size in South Africa*

· By Retail Consumer
· By Retail Purchase Occasion
· By Corporate Consumer
· By Corporate Purchase Occasion
· By Company Size

*Gift Card Market Size by Retail Consumer in South Africa*

· By Functional Attribute
· By Occasion
· Value by Purchase Channel

*Gift Card Spend by Consumer Behavior and Demographics in South Africa*

· Consumer Purchase Behaviour
· Gift Card Buyer by Age Group
· Gift Card Buyer by Income Level
· Gift Card Buyer by Gender

*Gift Card Market Size by Corporate Consumer in South Africa*

· By Functional Attribute
· By Occasion
· By Scale of Business

*Gift Spend by Product Categories (Split by Retail and Corporate Consumers) in South Africa*

· Food & Beverage
· Health, Wellness & Beauty
· Apparel, Footwear & Accessories
· Books & Media Products
· Consumer Electronics
· Restaurants & Bars
· Toys, Kids, and Babies
· Jewelry
· Sporting Goods
· Home & Kitchen Accessories & Appliances
· Travel
· Entertainment & Gaming
· Other

*Gift Card Spend by Retail Sector (Split by Retail and Corporate Consumers) in South Africa*

· Ecommerce & Department Stores
· Restaurants & Bars
· Supermarket, Hypermarket, Convenience Store
· Entertainment & Gaming
· Specialty Stores
· Health & Wellness
· Travel

*Gift Card Spend by Distribution Channel (Split by Retail and Corporate Consumers) in South Africa*

· Gift Card Online Sales
· Gift Card Offline Sales
· 1st Party Sales
· 3rd Party Sales
· Sales Uplift

*Gift Card Sales Estimates by Key Retailers*For more information about this report visit https://www.researchandmarkets.com/r/gjxufz

*About ResearchAndMarkets.com*
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*Attachment*

· South African Gift Card and Incentive Card Market

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