Growth in M&A activity in the French gift card industry

DUBLIN, June 21, 2022 /PRNewswire/ — The “French gift card and the report Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Q1 2022 Update” has been added to from offer.


The gift card industry France is expected to grow by 8% on an annual basis to reach US$7,790.3 million in 2022. Despite the short-term challenges in 2022, the medium and long-term growth of gift cards in France stay strong.

The gift card industry France is expected to register strong growth in the second half of 2022. The growth momentum is expected to continue to increase over the forecast period, registering a CAGR of 5.7% during the period 2022-2026. The domestic gift card market will grow from US$7,216.0 million in 2021 to reach US$9742.4 million by 2026.

Mergers and acquisitions are on the rise in the French gift card sector

With the gift card industry in France expected to experience robust growth over the next four to eight quarters, M&A activity is also gaining momentum.

  • In September 2021Sodexo, the Paris-, a global catering services provider, announced that the company has acquired a majority stake in French gift card startup, Wedoogift. This acquisition is notably carried out through its subsidiary Sodexo Benefits & Rewards Services in France.

  • Wedoogift offers corporate gift card solutions in France. The company has partnered with more than 7,000 enterprise clients, including SMBs and marketing agencies.

  • Thus, with this acquisition, the publisher expects Sodexo to further gain market share in the corporate gift card segment in the short and medium term.

The publisher also expects more mergers and acquisitions in the gift card industry over the next four to eight quarters in France. This will further intensify competition and innovation in the French gift card industry.

France-based corporate gift card providers raise funds to expand their international presence

The global gift card industry is expected to experience significant growth over the next four to eight quarters. Consequently, France-based corporate gift card providers are looking to expand their international presence and thereby raise funds to support their growth plans.

  • In October 2021French startup Swile announced that the company had raised $200 million in its Series D funding round, led by SoftBank Group International. The company provides employees with a payment card, including gift cards, for in-country employee benefits. In particular, the October 2021 The funding round also gave the startup unicorn status.

  • The company also plans to expand its services in international markets such as Brazil, which is one of the largest employee benefits markets. Apart from Brazilthe company is also considering Mexico increase its market share in the global gift card market.

Strategic partnerships are multiplying to develop digital solutions for prepaid gift cards in France

Faced with growing demand for innovative gift card solutions from merchants and consumers, gift card providers are entering into strategic partnerships with payment providers in France.

  • In April 2021, Gifted, the leading gift card provider, has entered into a strategic partnership with Nets, a European payment provider, to launch an innovative gift card solution in the country. Notably, the collaboration between the two companies will allow merchants nationwide to instantly issue single-use gift cards, providing consumers with a seamless user experience, who can receive their gift cards within minutes.

The publisher expects these innovative gift card launches to further drive the growth of the gift card market in France over the next four to eight quarters.


Total spend on gifts in France

  • By consumer segment (retail and business)

  • By product categories (13 segments)

  • By retail sectors (7 segments)

Gift Card Market Size by KPIs in Consumption Segments France

Gift Card Market Size by Consumer Segment in France

Digital gift card market size in France

Gift Card Market Size by Retail Consumer in France

Gift Card Spending by Consumer Behavior and Demographics France

  • Consumer buying behavior

  • Gift card buyer by age group

  • Gift card buyer by income level

  • Gift card buyer by gender

Gift Card Market Size by Company in France

  • By functional attribute

  • By occasion

  • By activity scale

Spending on gifts by product categories (disaggregated by individuals and businesses) in France

  • food and drinks

  • Health, well-being and beauty

  • Clothing, shoes and accessories

  • Books and multimedia products

  • Consumer electronics

  • Restaurants & Bars

  • Toys, children and babies

  • Jewelry

  • Sport stuff

  • Home and kitchen accessories and appliances

  • Travel

  • Entertainment and games

Spending on gift cards by retail sector (split between retail consumers and businesses) in France

  • E-commerce and department stores

  • Restaurants & Bars

  • Supermarket, hypermarket, convenience store

  • Entertainment and games

  • Specialty stores

  • Health

  • Travel

Spending on gift cards by distribution channel (split between individuals and businesses) in France

  • Online gift card sales

  • Offline gift card sales

  • First party sales

  • Sales to third parties

  • Increase in sales

Closed-loop gift card market share by major retailers. Major retailers covered include:

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