Saudi Arabia Gift Cards Market Size & Outlook, 2025-2030
Saudi Arabia Gift Cards Market Size
According to Straits Research analysis, the Saudi Arabia Gift Cards Market was valued at USD 22.8 Billion in 2024 and is projected to reach USD 55.69 Billion by 2030, expanding at a CAGR of 15.9% during the forecast period. The burgeoning retail sector, coupled with the rise in e-commerce and m-commerce, primarily drives this growth. Industries such as agriculture, food & beverages and cosmetics, leveraging gift cards for sustainable customer retention, stimulating demand further. Technology advancements are creating a scope for virtual cards backed by blockchain, ensuring security and transparency. Moreover, the country's vision to shift from oil-dependency to a globally competitive retail economy is fostering a promising gift cards export potential. The burgeoning Saudi gift card market, with thriving prospects, indicates Saudi Arabia's strategic positioning towards becoming a global retail powerhouse.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Saudi Arabia 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, Saudi Arabia represented 1.89% of the overall global gift cards market size.
- United States is projected to lead the global gift cards market size by 2030.
- Across Middle East And Africa, Rest of MEA is anticipated to hold the dominant position in market by 2030.
- GCC is forecasted to expand at the fastest pace in Middle East And Africa, attaining USD 525.83 Billion by 2030.
Saudi Arabia 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 22.8 Billion |
| Market Size In 2030 | USD 55.69 Billion |
| Largest segment | Open-loop Card |
| Fastest segment | Closed-loop Card |
| Units | Revenue in USD Billion |
| CAGR | 15.9% (2025-2030) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Saudi Arabia Gift Cards Market Share By Card Type
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Card Type |
|
| End-User |
|
Saudi Arabia Gift Cards Market By Card Type 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
Saudi Arabia Gift Cards Market By End-User 2030
Source: Straits Research Analysis Company Publications, Primary Interviews.
