Canada Gift Cards Market Size & Outlook, 2025-2030
Canada Gift Cards Market Size
According to Straits Research analysis, The Canada Gift Cards Market was valued at USD 37.85 Billion in 2024 and is projected to reach USD 83.04 Billion by 2030, expanding at a CAGR of 13.8% during the forecast period. This growth is primarily driven by a strong retail industry and the increasing preference for cashless transactions. Key sectors fueling demand include travel, hospitality, and e-commerce. Additionally, the advent of digital gift cards and rising internet penetration have positively influenced market growth. The green production movement also presents opportunities for paper-based, recyclable gift card solutions, promoting sustainability. With its burgeoning consumer culture and advanced digital infrastructure, Canada is anticipated to strengthen its standing in the global gift card market, effectively harnessing technological advancements for future growth.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Canada Gift Cards Market Highlights
- Within the Card Type category, Open-loop Card dominated in 2024 in terms of market size contribution.
- Over the forecast period, Closed-loop Card is forecasted to deliver the fastest growth, positioning it as the most lucrative Card Type segment.
- In 2024, Canada accounted for 3.14% of the global gift cards market size.
- By 2030, United States is expected to lead the global gift cards market in terms of market size.
- Within North America, United States is projected to dominate the regional gift cards market size by 2030.
- Canada is identified as the fastest-growing market in North America, anticipated to reach USD 735.73 Billion by 2030.
Canada Gift Cards Market Revenue Share 2024
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2030 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2030 |
| Market Size In 2024 | USD 37.85 Billion |
| Market Size In 2030 | USD 83.04 Billion |
| Largest segment | Open-loop Card |
| Fastest segment | Closed-loop Card |
| Units | Revenue in USD Billion |
| CAGR | 13.8% (2025-2030) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Canada Gift Cards Market Share By Card Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Card Type |
|
| End-User |
|
Canada Gift Cards Market By Card Type 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
Canada Gift Cards Market By End-User 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
