Middle East and Africa Gift Card and Incentive Card Market Report 2022: Increasing Product Launches Expected to Further Boost Gift Card Adoption Among Consumers in the UAE - ResearchAndMarkets.com
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Tuesday, March 15, 2022
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Historically, the gift card market in Africa and Middle East has recorded a steady growth with a CAGR of 11.8% during 2016-2020.
Key Points:
- Historically, the gift card market in Africa and Middle East has recorded a steady growth with a CAGR of 11.8% during 2016-2020.
- Despite near-term challenges in 2022, medium to long term growth story of gift cards in Africa and Middle East remains strong.
- The gift card industry in Africa and Middle East is expected to grow steadily in H1 2022 and record a strong growth in H2 2022.
- The gift card market in the country will increase from US$9555.0 million in 2021 to reach US$16817.1 million by 2026.