India Gift Cards Market Size & Outlook, 2025-2030
India Gift Cards Market Size
According to Straits Research analysis, the India Gift Cards Market was valued at USD 91.96 Billion in 2024 and is projected to reach USD 257.51 Billion by 2030, expanding at a CAGR of 18.5% during the forecast period. This soaring growth is fueled by widespread application across diverse industries such as retail, hospitality, and e-commerce. It's further driven by increasing digitization and adoption of cashless transactions. Agricultural businesses and energy companies, recognizing the potential of gift cards in customer engagement and loyalty programs, are also driving the demand. Amid shifts towards sustainable and low-carbon production, digital gift cards are emerging as an eco-friendly solution. Additionally, advancements in technology are opening opportunities for secure and user-friendly gift cards. As the export potential grows, India is strategically positioning itself to leverage its robust IT infrastructure to capture a significant share of the global gift cards market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Gift Cards Market Highlights
- By segment, Open-loop Card emerged as the largest Card Type in terms of market size in 2024.
- Closed-loop Card is anticipated to remain the most attractive Card Type segment, recording the fastest growth during the forecast period.
- India accounted for 7.62% of the global gift cards market size in 2024.
- By 2030, United States is expected to remain the top global market in terms of size.
- Within Asia Pacific, China is forecasted to dominate the regional gift cards market size by 2030.
- India will be the fastest-growing market in Asia Pacific, projected to achieve USD 2354.6 Billion by 2030.
India 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 91.96 Billion |
| Market Size In 2030 | USD 257.51 Billion |
| Largest segment | Open-loop Card |
| Fastest segment | Closed-loop Card |
| Units | Revenue in USD Billion |
| CAGR | 18.5% (2025-2030) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
India Gift Cards Market Share By Card Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Card Type |
|
| End-User |
|
India Gift Cards Market By Card Type 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Gift Cards Market By End-User 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
