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The “United Arab Emirates Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Q1 2022 Update” report has been added to ResearchAndMarkets.com’s offering.
According to the Q4 2021 Global Gift Card Survey, gift card industry in the country is expected to grow by 13.9% on annual basis to reach US$1635.2 million in 2022.
Despite near-term challenges in 2022, medium to long term growth story of gift cards in the United Arab Emirates (the UAE) remains strong. The gift card industry in the United Arab Emirates is expected to grow steadily in H1 2022 and record a strong growth in H2 2022. The growth momentum is expected to continue to grow over the forecast period, recording a CAGR of 11.0% during 2022-2026. The gift card market in the country will increase from US$1435.2 million in 2021 to reach US$2484.5 million by 2026.
Companies Mentioned
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Carrefour SA
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Consumer Co-operative Union (CCU)
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Landmark Group
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Emke Group
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Damas International Ltd
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T Choithram & Sons
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Sharaf DG LLC
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Inter Ikea Systems BV
Strong growth in e-commerce shopping expected to drive gift card market in the UAE
Over the last four to eight quarters, gift cards have gained widespread popularity among consumers in the United Arab Emirates (the UAE) and are expected to gain further …
Full story available on Benzinga.com
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