PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1527344
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1527344
Global Meal Vouchers & Employee Benefits Solutions Market Size Study, by Product Type, by Meal Vouchers, by Employee Benefits and Regional Forecasts 2022-2032
Global Meal Vouchers & Employee Benefits Solutions Market is valued at approximately USD 221.99 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.24% over the forecast period 2024-2032. Meal Vouchers & Employee Benefits Solutions Market encompasses a wide range of services and products designed to supplement traditional employee compensation packages. This market comprises meal vouchers, food coupons, employee discounts, health and wellness programs, transportation benefits, childcare vouchers, gift cards, and other incentive solutions provided by employers. These benefits aim to enhance employee satisfaction, motivation, and retention by offering perks that improve the overall quality of life and work-life balance.
The Meal Vouchers & Employee Benefits Solutions market is growing due to several key drivers. One major factor is the shift towards e-voucher systems, as organizations increasingly embrace digital solutions for their convenience, enhanced security, and cost-effectiveness compared to traditional paper vouchers. According to the Environmental Protection Agency (EPA), digital vouchers are more eco-friendly than physical vouchers because they cut down on paper use, which reduces deforestation and waste. Unlike paper vouchers, which require resources for printing and contribute to landfill waste, digital vouchers eliminate these needs by being delivered and managed electronically. This shift helps lower the environmental impact associated with paper production and disposal. Moreover, the digital transformation in employee benefits, expansion of corporate wellness programs, and growing adoption in developing regions present various lucrative opportunities over the forecast years. However, the increasing prices of employee benefit solutions and data security concerns in digital solutions are challenging the market growth throughout the forecast period of 2024-2032.
The key regions considered for the Global Meal Vouchers & Employee Benefits Solutions Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe is a dominating region in the Global Meal Vouchers & Employee Benefits Solutions Market in terms of revenue. The market growth in the region is being attributed mainly to robust government support for companies. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by the employment of millions of individuals by numerous businesses in the region. Market players actively pursue diverse strategies, including partnerships and collaborations, to provide value-added solutions to clients and enhance their market share.
Major market players included in this report are:
- Edenred SA (France)
- Sodexo Group (France)
- Circula GmbH (Germany)
- CIRFOOD (Italy)
- Monizze NV SA (Belgium)
- Spendit AG (Germany)
- Alelo Brasil (Brazil)
- Axis Bank Ltd (India)
- Rakuten Group Inc. (Japan)
- Unum Group (U.S.)
- Cinqo Group (Bahrain)
- EML Payments Limited (Australia)
- Up Group (France)
- Axis Bank Ltd (India)
- Amazon.com, Inc. (U.S.)
The detailed segments and sub-segment of the market are explained below:
By Product Type:
- Meal Vouchers
- Employee Benefits
- Ring
By Meal Vouchers:
- Book Card
- Digital Card
By Employee Benefits:
- Meal
- Gift
- Travel
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Meal Vouchers & Employee Benefits Solutions Market Executive Summary
- 1.1. Global Meal Vouchers & Employee Benefits Solutions Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Product Type
- 1.3.2. By Meal Vouchers
- 1.3.3. By Employee Benefits
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Meal Vouchers & Employee Benefits Solutions Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Meal Vouchers & Employee Benefits Solutions Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Inclination toward e-Voucher Systems
- 3.1.2. Rising Working Population
- 3.1.3. Increasing Corporate Wellness Programs
- 3.2. Market Challenges
- 3.2.1. Increasing Prices of Employee Benefit Solutions
- 3.2.2. Data Security Concerns in Digital Solutions
- 3.3. Market Opportunities
- 3.3.1. Digital Transformation in Employee Benefits
- 3.3.2. Expansion of Corporate Wellness Programs
- 3.3.3. Growing Adoption in Developing Regions
Chapter 4. Global Meal Vouchers & Employee Benefits Solutions Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Meal Vouchers & Employee Benefits Solutions Market Size & Forecasts by Product Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Meal Vouchers & Employee Benefits Solutions Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Meal Vouchers
- 5.2.2. Employee Benefits
- 5.2.3. Ring
Chapter 6. Global Meal Vouchers & Employee Benefits Solutions Market Size & Forecasts by Meal Vouchers 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Meal Vouchers & Employee Benefits Solutions Market: Meal Vouchers Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Book Card
- 6.2.2. Digital Card
Chapter 7. Global Meal Vouchers & Employee Benefits Solutions Market Size & Forecasts by Employee Benefits 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Meal Vouchers & Employee Benefits Solutions Market: Employee Benefits Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Meal
- 7.2.2. Gift
- 7.2.3. Travel
- 7.2.4. Others
Chapter 8. Global Meal Vouchers & Employee Benefits Solutions Market Size & Forecasts by Region 2022-2032
- 8.1. North America Meal Vouchers & Employee Benefits Solutions Market
- 8.1.1. U.S. Meal Vouchers & Employee Benefits Solutions Market
- 8.1.1.1. Product Type breakdown size & forecasts, 2022-2032
- 8.1.1.2. Meal Vouchers breakdown size & forecasts, 2022-2032
- 8.1.1.3. Employee Benefits breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Meal Vouchers & Employee Benefits Solutions Market
- 8.1.1. U.S. Meal Vouchers & Employee Benefits Solutions Market
- 8.2. Europe Meal Vouchers & Employee Benefits Solutions Market
- 8.2.1. U.K. Meal Vouchers & Employee Benefits Solutions Market
- 8.2.2. Germany Meal Vouchers & Employee Benefits Solutions Market
- 8.2.3. France Meal Vouchers & Employee Benefits Solutions Market
- 8.2.4. Spain Meal Vouchers & Employee Benefits Solutions Market
- 8.2.5. Italy Meal Vouchers & Employee Benefits Solutions Market
- 8.2.6. Rest of Europe Meal Vouchers & Employee Benefits Solutions Market
- 8.3. Asia-Pacific Meal Vouchers & Employee Benefits Solutions Market
- 8.3.1. China Meal Vouchers & Employee Benefits Solutions Market
- 8.3.2. India Meal Vouchers & Employee Benefits Solutions Market
- 8.3.3. Japan Meal Vouchers & Employee Benefits Solutions Market
- 8.3.4. Australia Meal Vouchers & Employee Benefits Solutions Market
- 8.3.5. South Korea Meal Vouchers & Employee Benefits Solutions Market
- 8.3.6. Rest of Asia Pacific Meal Vouchers & Employee Benefits Solutions Market
- 8.4. Latin America Meal Vouchers & Employee Benefits Solutions Market
- 8.4.1. Brazil Meal Vouchers & Employee Benefits Solutions Market
- 8.4.2. Mexico Meal Vouchers & Employee Benefits Solutions Market
- 8.4.3. Rest of Latin America Meal Vouchers & Employee Benefits Solutions Market
- 8.5. Middle East & Africa Meal Vouchers & Employee Benefits Solutions Market
- 8.5.1. Saudi Arabia Meal Vouchers & Employee Benefits Solutions Market
- 8.5.2. South Africa Meal Vouchers & Employee Benefits Solutions Market
- 8.5.3. Rest of Middle East & Africa Meal Vouchers & Employee Benefits Solutions Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Edenred SA
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Market Strategies
- 9.3.2. Sodexo Group
- 9.3.3. Circula GmbH
- 9.3.4. CIRFOOD
- 9.3.5. Monizze NV SA
- 9.3.6. Spendit AG
- 9.3.7. Alelo Brasil
- 9.3.8. Axis Bank Ltd
- 9.3.9. Rakuten Group Inc.
- 9.3.10. Unum Group
- 9.3.11. Cinqo Group
- 9.3.12. EML Payments Limited
- 9.3.13. Up Group
- 9.3.14. Axis Bank Ltd
- 9.3.15. Amazon.com, Inc.
- 9.3.1. Edenred SA
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
