Latin America Gift Card And Incentive Card Market 2022 Global Competition and Business Outlook - Cencosud SA, Carrefour SA, Coto CICSA, MercadoLibre Inc

Latin America Gift Card And Incentive Card Market Size and Forecast to 2021 – 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Gift Card And Incentive Card data that enhances the understanding, scope, and application of this report.

Key Retailers Covered Include: Cencosud SA, Carrefour SA, Coto CICSA, MercadoLibre Inc, Importadora y Exportadora de la Patagonia SA, Wal-Mart Stores Inc, Garbarino SA, C-sino Guichard-Perrachon SA, Natura Cosmaticos SA, Lojas Americanas SA, Adeo Groupe, Magazine Luiza SA, Falabella SACI, SMU SA, Feria Chilena del Libro SA, PriceSmart Inc, Inditex, Industria de Diseo Textil SA, Confecciones Leonisa SA, Organizacian Soriana SAB de CV, Grupo Comercial Chedraui Sa de CV, Controladora Comercial Mexicana SAB de CV, Farmacias Similares SA de CV, Corporativo Fragua Sa de CV, Home Depot Inc, The.

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Market Overview:

The gift card market in Latin America is expected to record steady growth due to changing customer preference towards gift cards and increased adoption in self-use segment. Increased use of gift cards for self-gifting, supported by discounts offered by retailers is supporting market growth. The growing popularity of gift cards is offering lucrative opportunities for gift card issuers.

The COVID-19 pandemic has changed consumer purchasing behavior pushing consumers to rely on e-commerce. Shoppers prefer shopping online due to the convenience, speed, benefits, and savings it offers. Consequently, digital gift cards are expected to gain market share over the forecast period mainly due to growth in e-commerce and rise in internet penetration in the region.

E-commerce market in Latin America has been recording growth in the recent years and is further expected to grow in the coming quarters. Brazilian e-commerce sales increased significantly in 2020, as consumers shifted to online shopping due to the pandemic. In Mexico, e-commerce is estimated to account for over 25% of total retail sales in 2020. Online retailers are capitalizing on the growing e-commerce trend to offer digital gift cards in order to attract new customers and improve brand awareness.
Moreover, rising demand for online streaming services is likely to create demand for entertainment based gift cards as customers spend more time on indoor entertainment activities. Due to the pandemic as customers are confined to their homes, Netflix saw a rise in subscriber base and began to offer gift cards to attract customers.

Mexico and Brazil have observed entry of international players in the gift card market. For instance, in November 2020, InComm Payments acquired T-do Cartoes, a closed-loop gift card processor in Brazil, to improve its presence in the country. The deal will allow InComm to process and distribute closed-loop gift cards to retailers in Brazil. Consolidation in the gift card market is expected to continue in the coming quarters as players look to strengthen their market position and compete effectively. Also, Tango Card, a digital rewards and incentives provider in the US, offers e-gift cards of various brands including Domino's, Burger King, Cinepolis, Best Buy, Starbucks, Uber , and others, in Mexico.

Browse the report description and TOC: 

https://www.marketinsightsreports.com/reports/10133345602/latin-america-gift-card-and-incentive-card-market-intelligence-and-future-growth-dynamics-databook-market-size-and-forecast-2016-2025-spend-analysis-by-digital-e-gift-card-retail-and-corporate-consumers-top-retailers-distribution-channel-occasions-retail-sectors-function-open-loop-closed-loop-city-type-and-demographics-q2-2021-update?Mode=28     

The study objectives of this report are:

To study and analyze the Latin America Gift Card And Incentive Card size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2024, and forecast to 2025.
To understand the structure of Gift Card And Incentive Card by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key Latin America Gift Card And Incentive Card manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Gift Card And Incentive Card with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Gift Card And Incentive Card submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.           

Reasons to Buy

-  In-depth understanding of gift card and incentive card market dynamics: Understand market opportunity, key trends and drivers along with five-year forecast (2016-2025) for gift cards and incentive cards in Latin America.

- Develop market specific strategies: Identify growth segments and target specific opportunities across consumer segments and occasions to formulate your gift cards strategy; assess market specific key trends and risks.

- Get insights into consumer attitude and behaviour in Latin America: Understand changing consumer attitude and behaviour and boost ROI. Get detailed insights into retail spend through gift cards for both retail and corporate consumers.

- Get complete perspective through six essential KPIs: number of cards in circulation, load value, unused value, average purchase value, average value per transaction, and value of transactions.

- Distribution channel insights: Understand gift cards sales dynamics by channels  online vs offline and by 1st party vs 3rd party sales.

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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