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Global Loyalty Programs Market Intelligence Databook Subscription - Q1 2024

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    Report

  • 2457 Pages
  • February 2024
  • Region: Global
  • PayNXT360
  • ID: 5943572

According to the publisher, the global loyalty market is expected to grow by 11.1% on an annual basis to reach US$150,970.4 million in 2024.

In value terms, the global loyalty market has recorded a CAGR of 12.4% during 2019–2023.The global loyalty market will continue to grow over the forecast period and is expected to record a CAGR of 9.5% during 2024-2028. The global loyalty market will increase from US$135,903.9 million in 2023 to reach US$217,371.1 million by 2028.

The global loyalty program industry is poised for accelerated growth over the medium term. Inflation and higher food prices have been driven by the adoption of loyalty schemes in markets like Europe and Africa. This trend is projected to further continue in 2024, supporting industry growth. Innovation in the sector is also rising significantly, with firms forging strategic alliances to launch Web3 loyalty programs for better customer engagement.
Quick service restaurants (QSR) and food delivery platforms are also betting on loyalty schemes to aid business growth. This trend is gaining widespread momentum across regions, including Asia Pacific, North America, and Europe. Overall, the publisher maintains a robust growth outlook for the global loyalty program industry over the next three to four years.

QSRs are planning to drive business growth by leveraging the popularity of loyalty schemes in 2024

The adoption of loyalty programs has increased significantly over the last 12 months and the trend is projected to continue further over the medium term. To tap into the growing popularity, QSRs are expanding their loyalty schemes to drive business growth in the global market.

  • McDonald’s, in December 2023, revealed that the firm is planning to open 10,000 new outlets in the global market by 2027. Furthermore, the firm is also planning to double its sales from the loyalty program to US$45 billion. By 2027, McDonald’s aims to have 250 million loyalty members. Currently, the program has 150 million members, who are generating more than US$20 billion in sales annually for the QSR.
  • Domino’s, another leading QSR in the global market, is also planning to launch a loyalty program in more global markets to drive business growth. The firm, in 2024, aims to launch a loyalty scheme for its customers in the United Kingdom. The firm has been able to increase the purchase frequency by 1.7 times in the first year of the scheme launch in the United States. The QSR aims to replicate the success in the United Kingdom too.

The expansion strategy adopted by these QSRs will further support the competitive landscape in the fast-growing sector, driving innovation and market growth over the next three to four years.

Businesses are leveraging Web3 capabilities to innovate with their loyalty program offerings

A rising number of businesses, across industry verticals, are seeking to leverage Web3 capabilities to innovate with their loyalty programs and build better engagement for their customers.

  • Visa, in January 2024, announced the launch of a Web3 loyalty service involving gamified giveaways and other experiences. The solution will enable brands to create digital wallets, which will be used for storing reward points and experiences on behalf of the consumers.
  • Moonbeam Network, a platform for creating applications that can interact across different blockchains, has revealed collaborations with DUX, a provider of Web3 infrastructure, and Grupo RÃO, the biggest Japanese food delivery service in Brazil. Together, the firms plan to introduce an innovative Web3 Loyalty Program in Brazil.
  • Lufthansa, the German airline carrier, entered into a strategic partnership with Polygon in September 2023. As part of the collaboration, the airline aims to launch an NFT-powered loyalty program, which will gamify the flight experience for flyers. Notably, the airline carrier will enable flyers to collect NFTs, which can be utilized for rewards like accumulating miles and accessing the lounge.

Going forward, in 2024, the publisher expects more global firms to launch Web3-powered loyalty programs. This will drive the trend of strategic partnerships in the sector, while also aiding the competitive landscape over the medium term.

Supermarket loyalty programs are gaining widespread adoption among consumers globally

Food inflation has reached multi-year highs across many European nations. Consumers, throughout 2023, have been reeling under the impact of higher inflation and food prices. Consequently, to drive consumer spending, supermarkets have been leveraging loyalty programs.

  • Tesco and Sainsbury’s have made changes to their loyalty program to better meet the demands of their consumers. These programs have also resulted in higher sales numbers for firms like Tesco. Nearly, 21 million households have a Tesco Clubcard in the United Kingdom.
  • For Tesco, these 21 million households are responsible for 80% of the sales. Tesco holds a significant 27.4% of the market share. More than 8,000 products are offered under its Clubcard Prices scheme. Sainsbury’s, on the other hand, offers 6,000 products under its loyalty scheme.

In France, Netto also launched a digital loyalty card in September 2023. The digital loyalty card provides access to offers and electronic vouchers. The launch is part of the firm’s strategy to lessen the impact of higher food prices faced by consumers. The adoption of loyalty programs is also strong in the African markets. Naivas, one of the leading supermarket chains in Kenya, signed up its two millionth loyalty member in November 2023. The firm is leveraging loyalty programs to retain customers and drive sales growth. It has achieved an annual profit of more than Sh2 billion.

This report provides a detailed data-centric analysis of the loyalty market opportunities and risks across a range of industry categories. With over 50 KPIs at the country level, this report provides a comprehensive understanding of loyalty market dynamics, market size and forecast, and market share statistics.

The publisher research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.

This title is a bundled offering provides detailed 20 reports, covering global insights along with data centric analysis at global and country level:

1. Global Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
2. Argentina Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
3. Australia Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
4. Brazil Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
5. Canada Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
6. China Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
7. France Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
8. Germany Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
9. India Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
10. Indonesia Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
11. Italy Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
12. Mexico Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
13. Nigeria Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
14. Philippines Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
15. Russia Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
16. South Africa Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
17. Thailand Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
18. United Arab Emirates Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
19. United Kingdom Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)
20. United States Loyalty Programs Market Intelligence and Future Growth Dynamics (Databook)

Scope

Country reports in this bundled offering provide an in-depth analysis of loyalty programs. Below is a summary of key market segments:

  • Retail Sector Spend Value Trend Analysis
  • Ecommerce Spend
  • POS Spend

Loyalty Spend Market Size and Future Growth Dynamics by Key Performance Indicators

Value Accumulated and Value Redemption Rate of Loyalty programs in

Loyalty Spend Market Size and Future Growth Dynamics by Functional Domains

  • Loyalty Schemes
  • Loyalty Platforms

Loyalty Spend Market Size and Future Growth Dynamics by Loyalty Program Type

  • Points programs
  • Tier-based programs
  • Mission-driven programs
  • Spend-based programs
  • Gaming programs
  • Free perks programs
  • Subscription programs
  • Community programs
  • Refer a friend program
  • Paid programs
  • Cashback programs

Loyalty Spend Market Size and Future Growth Dynamics by Channel

  • In-Store
  • Online
  • Mobile

Loyalty Schemes Spend Market Size and Future Growth Dynamics by Business Model

  • Seller Driven
  • Payment Instrument Driven
  • Others

Loyalty Spend Market Size and Future Growth Dynamics by Key Sectors

  • Retail
  • Financial Services
  • Healthcare & Wellness
  • Restaurants & Food Delivery
  • Travel & Hospitality (Cabs, Hotels, Airlines)
  • Telecoms
  • Media & Entertainment
  • Others

Loyalty Spend Market Size and Future Growth Dynamics in Key Sectors by Online

  • Retail
  • Financial Services
  • Healthcare & Wellness
  • Restaurants & Food Delivery
  • Travel & Hospitality (Cabs, Hotels, Airlines)
  • Telecoms
  • Media & Entertainment
  • Others

Loyalty Spend Market Size and Future Growth Dynamics in Key Sectors by In-Store

  • Retail
  • Financial Services
  • Healthcare & Wellness
  • Restaurants & Food Delivery
  • Travel & Hospitality (Cabs, Hotels, Airlines)
  • Telecoms
  • Media & Entertainment
  • Others

Loyalty Spend Market Size and Future Growth Dynamics in Key Sectors by Mobile App

  • Retail
  • Financial Services
  • Healthcare & Wellness
  • Restaurants & Food Delivery
  • Travel & Hospitality (Cabs, Hotels, Airlines)
  • Telecoms
  • Media & Entertainment
  • Others

Loyalty Spend Market Size and Future Growth Dynamics by Retail

  • Diversified Retailers
  • Department Stores
  • Specialty Stores
  • Clothing, Footwear & Accessories
  • Toy & Hobby Shops
  • Supermarket and Convenience Store
  • Home Merchandise
  • Other

Loyalty Spend Market Size and Future Growth Dynamics by Accessibility

  • Card Based Access
  • Digital Access

Loyalty Spend Market Size and Future Growth Dynamics by Consumer Type

  • B2C Consumers
  • B2B Consumers

Loyalty Schemes Spend Market Size and Future Growth Dynamics by Membership Type

  • Free
  • Free + Premium
  • Premium

Loyalty Platform Spend Market Size and Future Growth Dynamics by Software Use Case

  • Analytics and AI Driven
  • Management Platform

Loyalty Platform Spend Market Size and Future Growth Dynamics by Vendor/Solution Partner

  • In House
  • Third Party Vendor

Loyalty Platform Spend Market Size and Future Growth Dynamics by Deployment

  • Cloud
  • On-Premise

Loyalty Spend Market Size and Future Growth Dynamics by Loyalty Platforms

  • Software
  • Services

Loyalty Spend Market Size and Future Growth Dynamics by Software Use Case Platforms

  • Custom Built Platform
  • Off the Shelf Platform

Loyalty Spend Market Size and Forecast by Consumer Demographics & Behaviour

  • By Age Group
  • By Income Level
  • By Gender

Reasons to buy

  • Gain insights into the loyalty spend market: The report provides a comprehensive overview of the loyalty spend market, including market size, growth drivers, and trends. This information can help businesses to make informed decisions about their loyalty program strategies.
  • Benchmark your business against competitors: The report provides a competitive analysis of the loyalty spend market, which can help businesses to identify their strengths and weaknesses relative to their competitors. This information can help businesses to improve their loyalty program strategies and gain a competitive advantage.
  • Stay up-to-date on the latest trends in the loyalty spend market: The report provides an overview of the latest trends in the loyalty spend market, such as the growing popularity of mobile-based loyalty programs and the increasing awareness of the benefits of loyalty programs among consumers. This information can help businesses to stay ahead of the competition and improve their loyalty program strategies.
  • Make informed decisions about your loyalty program: The report provides a comprehensive overview of the factors to consider when developing a loyalty program, such as the target audience, the rewards and benefits, and the marketing and communication strategy. This information can help businesses to develop a loyalty program that is effective and successful.

Table of Contents

All the regional and country sections above follow the following table of contents covering 100 charts and 78 tables for each country/region:
1 About this Report
1.1 Summary
1.2 Methodology
1.3 Loyalty Programs Definitions
1.4 Disclaimer
2 Retail Sector Market Size Analysis
2.1 Retail Industry Market Size, 2019-2028
2.2 Ecommerce Market Size, 2019-2028
2.3 POS Spend Trend Analysis, 2019-2028
3 Loyalty Spend Market Size and Future Growth Dynamics
3.1 Loyalty Spend Market Size and Future Growth Dynamics, 2019-2028
3.2 Loyalty Spend on Schemes by Value Accumulated and Value Redemption Rate, 2023
3.3 Loyalty Spend Share by Functional Domains, 2019-2028
3.4 Loyalty Spend by Loyalty Schemes, 2019-2028
3.5 Loyalty Spend by Loyalty Platforms, 2019-2028
4 Loyalty Schemes Spend Market Size and Future Growth Dynamics by Loyalty Program Type
4.1 Loyalty Schemes Spend Share by Loyalty Program Type, 2023
4.2 Spend by Point-based Loyalty Program, 2019-2028
4.3 Spend by Tiered Loyalty Program, 2019-2028
4.4 Spend by Mission-driven Loyalty Program, 2019-2028
4.5 Spend by Spend-based Loyalty Program, 2019-2028
4.6 Spend by Gaming Loyalty Program, 2019-2028
4.7 Spend by Free Perks Loyalty Program, 2019-2028
4.8 Spend by Subscription Loyalty Program, 2019-2028
4.9 Spend by Community Loyalty Program, 2019-2028
4.1 Spend by Refer a Friend Loyalty Program, 2019-2028
4.11 Spend by Paid Loyalty Program, 2019-2028
4.12 Spend by Cashback Loyalty Program, 2019-2028
5 Loyalty Schemes Market Size and Future Growth Dynamics by Channel
5.1 Loyalty Schemes Spend Share by Channel, 2019-2028
5.2 Loyalty Spend by In-Store, 2019-2028
5.3 Loyalty Spend by Online, 2019-2028
5.4 Loyalty Spend by Mobile, 2019-2028
6 Loyalty Schemes Spend Market Size and Future Growth Dynamics by Business Model
6.1 Loyalty Schemes Spend Share by Business Model, 2019-2028
6.2 Loyalty Spend by Seller Driven, 2019-2028
6.3 Loyalty Spend by Payment Instrument Driven, 2019-2028
6.4 Loyalty Spend by Other Segment, 2019-2028
7 Loyalty Schemes Spend Market Size and Future Growth Dynamics by Key Sectors
7.1 Loyalty Schemes Spend Share by Key Sectors, 2019-2028
7.2 Loyalty Schemes Spend in Retail, 2019-2028
7.3 Loyalty Schemes Spend in Financial Services, 2019-2028
7.4 Loyalty Schemes Spend in Healthcare & Wellness, 2019-2028
7.5 Loyalty Schemes Spend in Restaurants & Food Delivery, 2019-2028
7.6 Loyalty Schemes Spend in Travel & Hospitality (Cabs, Hotels, Airlines), 2019-2028
7.7 Loyalty Schemes Spend in Telecoms, 2019-2028
7.8 Loyalty Schemes Spend in Media & Entertainment, 2019-2028
7.9 Loyalty Schemes Spend in Other, 2019-2028
8 Loyalty Schemes Spend in Key Sectors by Online Channel, 2019-2028
8.1 Online Loyalty Spend in Retail Segment, 2019-2028
8.2 Online Loyalty Spend in Financial Services, 2019-2028
8.3 Online Loyalty Spend in Healthcare & Wellness, 2019-2028
8.4 Online Loyalty Spend in Restaurants & Food Delivery, 2019-2028
8.5 Online Loyalty Spend in Travel & Hospitality (Cabs, Hotels, Airlines), 2019-2028
8.6 Online Loyalty Spend in Telecoms, 2019-2028
8.7 Online Loyalty Spend in Media & Entertainment, 2019-2028
8.8 Online Loyalty Spend in Other Segment, 2019-2028
9 In-Store Loyalty Schemes Spend in Key Sectors, 2019-2028
9.1 In-Store Loyalty Spend in Retail Segment, 2019-2028
9.2 In-Store Loyalty Spend in Healthcare & Wellness Segment, 2019-2028
9.3 In-Store Loyalty Spend in Restaurants & Food Delivery Segment, 2019-2028
9.4 In-Store Loyalty Spend in Travel & Hospitality (Cabs, Hotels, Airlines) Segment, 2019-2028
9.5 In-Store Loyalty Spend in Media & Entertainment Segment, 2019-2028
9.6 In-Store Loyalty Spend in Other Sector, 2019-2028
10 Mobile App Loyalty Schemes Spend in Key Sectors, 2019-2028
10.1 Mobile App Loyalty Spend in Retail Segment, 2019-2028
10.2 Mobile App Loyalty Spend in Financial Services Segment, 2019-2028
10.3 Mobile App Loyalty Spend in Healthcare & Wellness Segment, 2019-2028
10.4 Mobile App Loyalty Spend in Restaurants & Food Delivery Segment, 2019-2028
10.5 Mobile App Loyalty Spend in Travel & Hospitality (Cabs, Hotels, Airlines) Segment, 2019-2028
10.6 Mobile App Loyalty Spend in Telecoms Segment, 2019-2028
10.7 Mobile App Loyalty Spend in Media & Entertainment Segment, 2019-2028
10.8 Mobile App Loyalty Spend in Other Segment, 2019-2028
11 Retail Sector Loyalty Schemes Spend Market Size and Future Growth Dynamics
11.1 Loyalty Schemes Spend Share by Retail Segments, 2019-2028
11.2 Loyalty Retail Schemes Spend by Diversified Retailers, 2019-2028
11.3 Loyalty Retail Schemes Spend by Department Stores, 2019-2028
11.4 Loyalty Retail Schemes Spend by Specialty Stores, 2019-2028
11.5 Loyalty Retail Schemes Spend by Clothing, Footwear & Accessories, 2019-2028
11.6 Loyalty Retail Schemes Spend by Toy & Hobby Shops, 2019-2028
11.7 Loyalty Retail Schemes Spend by Supermarket and Convenience Store, 2019-2028
11.8 Loyalty Retail Schemes Spend by Home Merchandise, 2019-2028
11.9 Loyalty Retail Schemes Spend by Other, 2019-2028
12 Loyalty Schemes Spend Market Size and Future Growth Dynamics by Accessibility
12.1 Loyalty Schemes Spend Share by Accessibility, 2023 Vs 2028
12.2 Loyalty Spend by Card Based Access, 2019-2028
12.3 Loyalty Spend by Digital Access, 2019-2028
13 Loyalty Schemes Spend Market Size and Future Growth Dynamics by Consumer Type
13.1 Loyalty Schemes Spend Share by Consumer Type, 2023 Vs 2028
13.2 Loyalty Schemes Spend by B2B Consumers, 2019-2028
13.3 Loyalty Spend by B2C Consumers, 2019-2028
14 Loyalty Schemes Spend Market Size and Future Growth Dynamics by Membership Type
14.1 Loyalty Schemes Spend Share by Membership Type, 2019-2028
14.2 Loyalty Membership Type Schemes Spend by Free, 2019-2028
14.3 Loyalty Membership Type Schemes Spend by Free + Premium, 2019-2028
14.4 Loyalty Membership Type Schemes Spend by Premium, 2019-2028
15 Loyalty Platform Spend Market Size and Future Growth Dynamics by Software Use case
15.1 Loyalty Platform Spend Share by Software Use Case, 2023 Vs 2028
15.2 Loyalty Software Platform Spend by Analytics and AI Driven, 2019-2028
15.3 Loyalty Software Platform Spend by Management Platform, 2019-2028
16 Loyalty Platform Spend Market Size and Future Growth Dynamics by Vendor/Solution Partner
16.1 Loyalty Platform Spend Share by Vendor/Solution Partner, 2023 Vs 2028
16.2 Loyalty Vendor/Solution Partner Platform Spend by In House, 2019-2028
16.3 Loyalty Vendor/Solution Partner Platform Spend by Third-Party Vendor, 2019-2028
17 Loyalty Platform Spend Market Size and Future Growth Dynamics by Deployment
17.1 Loyalty Platform Spend Share by Deployment, 2023 Vs 2028
17.2 Loyalty Deployment Platform Spend by Cloud, 2019-2028
17.3 Loyalty Deployment Platform Spend by On-Premise, 2019-2028
18 Loyalty Spend Market Size and Future Growth Dynamics by Software vs. Services
18.1 Loyalty Spend Share by Software vs. Services, 2023 Vs 2028
18.2 Loyalty Spend by Software, 2019-2028
18.3 Loyalty Spend by Services, 2019-2028
19 Loyalty Spend Market Size and Future Growth Dynamics by Custom vs. Off the Shelf Software Platforms
19.1 Loyalty Spend Share by Custom vs. Off the Shelf Software Platforms, 2023 Vs 2028
19.2 Loyalty Software Platforms Spend by Custom Built Platform, 2019-2028
19.3 Loyalty Software Platforms Spend by Off the Shelf Platform, 2019-2028
20 Loyalty Spend Market Size and Forecast by Consumer Demographics & Behaviour
20.1 Loyalty Spend Share by Age Group, 2023
20.2 Loyalty Spend Share by Income Level, 2023
20.3 Loyalty Spend Share by Gender, 2023
21 Further Reading
21.1 About the Publisher
21.2 Related Research