{"product_id":"united-states-loyalty-programs-market-intelligence-and-future-growth-dynamics-databook-50-kpis-on-loyalty-programs-trends-by-end-use-sectors-operational-kpis-retail-product-dynamics-and-consumer-demographics-q1-2023-update","title":"United States Loyalty Programs Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on Loyalty Programs Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Q1 2023 Update","description":"\u003cp\u003eUnited States Loyalty Programs Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on Loyalty Programs Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Q1 2023 Update\u003cbr\u003e\nAccording to PayNXT360, loyalty market in United States is expected to grow by 12.3% on annual basis to reach US$27522.3 million in 2023.\u003c\/p\u003e\n\n\u003cp\u003eIn value terms, the loyalty market in United States has recorded a CAGR of 12.8% during 2018-2022.The loyalty market in United States will continue to grow over the forecast period and is expected to record a CAGR of 11.7% during 2023-2027. Loyalty market in the country will increase from US$24503.5 million in 2022 to reach US$42899.3 million by 2027.\u003c\/p\u003e\n\n\u003cp\u003eThe demand for value-offering loyalty and rewards programs have been on the surge amid the current macroeconomic environment. Cost-conscious consumers are turning to loyalty programs offered by retailers across industry verticals to receive more value for each dollar spent. This trend is projected to further continue in Q2 2023, as product prices continue to grow in the United States.\u003c\/p\u003e\n\n\u003cp\u003eIn 2023, innovation is also expected to aid the industry growth, as more and more brands are leveraging non-fungible tokens to power their loyalty and reward programs. The expanding Web3 ecosystem has opened up new paths to customer loyalty and more businesses are projected to leverage the technology to fuel the growth of their loyalty programs from the short to medium-term perspective.\u003c\/p\u003e\n\n\u003cp\u003eLoyalty programs are driving repeat purchases for retailers boosting their sales growth in the United States\u003c\/p\u003e\n\n\u003cp\u003eIn the wake of the rising inflation and subsequent decline in consumers’ discretionary spending, retailers are seeking to leverage loyalty programs as a tool to boost consumer stickiness and drive sales and revenue growth. In the grocery space, retailers have experienced widespread success in driving repeat purchases through loyalty programs.\u003cbr\u003e\n• In January 2023, Albertsons Companies, the grocery giant acquired by competitor Kroger, reported that the digital sales for the firm increased 33% year over year in Q4 2022. During the same period, loyalty program members for the firm increased by 16% to 33 million. Albertsons Companies have attributed the surge in digital sales to its loyalty program, which has driven repeat purchases in the face of stiff online grocery competition.\u003c\/p\u003e\n\n\u003cp\u003eKroger, which acquired Albertsons Companies in October 2022, also highlighted the loyalty and data-informed personalization capabilities of Albertsons Companies, as one of the key advantages of acquiring the grocery giant. With the demand for loyalty programs growing, Albertsons Companies is expected to further experience growth in its loyalty memberships in 2023. This will aid the industry's growth from the short to medium-term perspective. The industry will also receive growth support from retailers that are launching new loyalty programs in the United States.\u003c\/p\u003e\n\n\u003cp\u003e• True Religion, a popular denim and sportswear brand, recently announced the introduction of its loyalty program, True Fam, in March 2023. This program is designed to provide customers with personalized experiences, exclusive perks, and additional savings. To create the loyalty program, True Religion partnered with Lexer for CDP data and Yotpo, a platform that specializes in loyalty strategies.\u003c\/p\u003e\n\n\u003cp\u003eIn 2023, PayNXT360 expects more and more retailers, across product categories, to launch innovative loyalty programs to provide more value to their customers, in the wake of rising inflation and subsequent decline in discretionary spending.\u003c\/p\u003e\n\n\u003cp\u003eThe new reward program launched by Starbucks will lead to higher profit margins in 2023\u003c\/p\u003e\n\n\u003cp\u003eMany of the brands, across industry verticals, have been revamping their loyalty and rewards programs to make them more attractive for existing and potential new members. However, some brands are also making changes to improve margins, leading to higher profits in 2023.\u003cbr\u003e\n• Starbucks, for instance, made changes to its rewards program in February 2023. Under the new reward program, members are required to earn more points to redeem freebies such as coffee, lattes, and teas, among others. This means that customers will have to buy more to earn freebies. This emphasizes higher profits for Starbucks, which has attained widespread success with its loyalty and rewards programs over the years.\u003c\/p\u003e\n\n\u003cp\u003eWith 28.7 million members, Starbucks Rewards members accounted for 55% of the total sales in the United States in Q4 2022. Consequently, the new reward program might aid the revenue growth for Starbucks over the next few quarters in 2023, if the economy continues to face macroeconomic pressure.\u003c\/p\u003e\n\n\u003cp\u003eLoyalty providers are raising capital rounds to deliver engaging loyalty programs in the United States\u003c\/p\u003e\n\n\u003cp\u003eAmid the surge in demand for loyalty programs, providers are seeking to raise venture capital and private equity funding to further innovate their services and accelerate their growth in the United States.\u003cbr\u003e\n• In January 2023, WEEDAR, the loyalty and distribution ecosystem for cannabis brands, announced that the firm had raised US$1.5 million in a seed funding round from a private investor. The firm is planning to use the capital for improving its existing set of features and scaling the company.\u003c\/p\u003e\n\n\u003cp\u003eFrom the short to medium-term perspective, PayNXT360 expects more such loyalty and reward program providers to raise venture capital and private equity funding, which will subsequently aid innovation and competitive landscape in the United States market over the next three to four years.\u003c\/p\u003e\n\n\u003cp\u003eThis 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.\u003c\/p\u003e\n\n\u003cp\u003ePayNXT360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.\u003c\/p\u003e\n\n\u003cp\u003eScope\u003cbr\u003e\nThis report provides in-depth, data-centric analysis of loyalty programs in United States. Below is a summary of key market segments:\u003c\/p\u003e\n\n\u003cp\u003e• United States Retail Sector Spend Value Trend Analysis\u003cbr\u003e\nEcommerce Spend\u003cbr\u003e\nPOS Spend\u003c\/p\u003e\n\n\u003cp\u003eUnited States Loyalty Spend Market Size and Future Growth Dynamics by Key Performance Indicators, 2018-2027\u003c\/p\u003e\n\n\u003cp\u003eValue Accumulated and Value Redemption Rate of Loyalty programs in United States\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Spend Market Size and Future Growth Dynamics by Functional Domains, 2018-2027\u003cbr\u003e\nLoyalty Schemes\u003cbr\u003e\nLoyalty Platforms\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Spend Market Size and Future Growth Dynamics by Loyalty Program Type, 2018-2027\u003cbr\u003e\nPoints programs\u003cbr\u003e\nTier-based programs\u003cbr\u003e\nMission-driven programs\u003cbr\u003e\nSpend-based programs\u003cbr\u003e\nGaming programs\u003cbr\u003e\nFree perks programs\u003cbr\u003e\nSubscription programs\u003cbr\u003e\nCommunity programs\u003cbr\u003e\nRefer a friend program\u003cbr\u003e\nPaid programs\u003cbr\u003e\nCashback programs\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Spend Market Size and Future Growth Dynamics by Channel, 2018-2027\u003cbr\u003e\nIn-Store\u003cbr\u003e\nOnline\u003cbr\u003e\nMobile\u003c\/p\u003e\n\n\u003cp\u003eUnited States Loyalty Schemes Spend Market Size and Future Growth Dynamics by Business Model\u003cbr\u003e\nSeller Driven\u003cbr\u003e\nPayment Instrument\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Spend Market Size and Future Growth Dynamics by Key Sectors, 2018-2027\u003cbr\u003e\nRetail\u003cbr\u003e\nFinancial Services\u003cbr\u003e\nHealthcare \u0026amp; Wellness\u003cbr\u003e\nRestaurants \u0026amp; Food Delivery\u003cbr\u003e\nTravel \u0026amp; Hospitality (Cabs, Hotels, Airlines)\u003cbr\u003e\nTelecoms\u003cbr\u003e\nMedia \u0026amp; Entertainment\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Spend Market Size and Future Growth Dynamics in Key Sectors by online, 2018-2027\u003cbr\u003e\nRetail\u003cbr\u003e\nFinancial Services\u003cbr\u003e\nHealthcare \u0026amp; Wellness\u003cbr\u003e\nRestaurants \u0026amp; Food Delivery\u003cbr\u003e\nTravel \u0026amp; Hospitality (Cabs, Hotels, Airlines)\u003cbr\u003e\nTelecoms\u003cbr\u003e\nMedia \u0026amp; Entertainment\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Spend Market Size and Future Growth Dynamics in Key Sectors by In-Store, 2018-2027\u003cbr\u003e\nRetail\u003cbr\u003e\nFinancial Services\u003cbr\u003e\nHealthcare \u0026amp; Wellness\u003cbr\u003e\nRestaurants \u0026amp; Food Delivery\u003cbr\u003e\nTravel \u0026amp; Hospitality (Cabs, Hotels, Airlines)\u003cbr\u003e\nTelecoms\u003cbr\u003e\nMedia \u0026amp; Entertainment\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003e•United States Loyalty Spend Market Size and Future Growth Dynamics in Key Sectors by Mobile App, 2018-2027\u003cbr\u003e\nRetail\u003cbr\u003e\nFinancial Services\u003cbr\u003e\nHealthcare \u0026amp; Wellness\u003cbr\u003e\nRestaurants \u0026amp; Food Delivery\u003cbr\u003e\nTravel \u0026amp; Hospitality (Cabs, Hotels, Airlines)\u003cbr\u003e\nTelecoms\u003cbr\u003e\nMedia \u0026amp; Entertainment\u003cbr\u003e\nOthers\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Spend Market Size and Future Growth Dynamics by Retail, 2018-2027\u003cbr\u003e\nDiversified Retailers\u003cbr\u003e\nDepartment Stores\u003cbr\u003e\nSpecialty Stores\u003cbr\u003e\nClothing, Footwear \u0026amp; Accessories\u003cbr\u003e\nToy \u0026amp; Hobby Shops\u003cbr\u003e\nSupermarket and Convenience Store\u003cbr\u003e\nHome Merchandise\u003cbr\u003e\nOther\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Spend Market Size and Future Growth Dynamics by Accessibility, 2018-2027\u003cbr\u003e\nCard Based Access\u003cbr\u003e\nDigital Access\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Spend Market Size and Future Growth Dynamics by Consumer Type, 2018-2027\u003cbr\u003e\nB2C Consumers\u003cbr\u003e\nB2B Consumers\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Schemes Spend Market Size and Future Growth Dynamics by Membership Type\u003cbr\u003e\nFreePremium\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Platform Spend Market Size and Future Growth Dynamics by Software\u003cbr\u003e\nAnalytics and AI Driven\u003cbr\u003e\nNormal CRM\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Platform Spend Market Size and Future Growth Dynamics by Vendor\/Solution Partner\u003cbr\u003e\nIn House\u003cbr\u003e\nThird Party Vendor\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Platform Spend Market Size and Future Growth Dynamics by Deployment\u003cbr\u003e\nCloud\u003cbr\u003e\nOn-Premise\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Spend Market Size and Future Growth Dynamics by Loyalty Platforms, 2018-2027\u003cbr\u003e\nSoftware\u003cbr\u003e\nServices\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Spend Market Size and Future Growth Dynamics by Software Platforms, 2018-2027\u003cbr\u003e\nCustom Built Platform\u003cbr\u003e\nOff the Shelf Platform\u003c\/p\u003e\n\n\u003cp\u003e• United States Loyalty Spend Market Size and Forecast by Consumer Demographics \u0026amp; Behaviour, 2022\u003cbr\u003e\nBy Age Group\u003cbr\u003e\nBy Income Level\u003cbr\u003e\nBy Gender\u003c\/p\u003e\n\n\u003cp\u003eReasons to buy\u003cbr\u003e\n• Gain insights into the United States loyalty spend market: The report provides a comprehensive overview of the United States loyalty spend market, including market size, growth drivers, and trends. This information can help businesses to make informed decisions about their loyalty program strategies.\u003c\/p\u003e\n\n\u003cp\u003e• Benchmark your business against competitors: The report provides a competitive analysis of the United States 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.\u003c\/p\u003e\n\n\u003cp\u003e• 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.\u003c\/p\u003e\n\n\u003cp\u003e• 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.\u003c\/p\u003e","brand":"Service Industries","offers":[{"title":"April, 2023 \/ 117 Pages \/ MCW16275487","offer_id":47709493133618,"sku":null,"price":1800.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/united-states-loyalty-programs-market-intelligence-and-future-growth-dynamics-databook-50-kpis-on-loyalty-programs-trends-by-end-use-sectors-operational-kpis-retail-product-dynamics-and-consumer-demographics-q1-2023-update","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}