Global Meal Vouchers and Employee Benefit Solutions Market 2023-2027

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Global Meal Vouchers And Employee Benefit Solutions Market 2023-2027

The meal vouchers and employee benefit solutions market is forecasted to grow by USD 23155.63 mn during 2022-2027, accelerating at a CAGR of 4.95% during the forecast period. The report on the meal vouchers and employee benefit solutions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by tax benefits of meal vouchers, growing employment rates, and active participation of banks.

Technavio's meal vouchers and employee benefit solutions market is segmented as below:

By Type

Meal vouchers
Employee benefits

By Product

Non-cash voucher
Cash voucher

By Geographical Landscape

Europe
South America
APAC
North America
Middle East and Africa

This study identifies the shift toward digital meal vouchers and employee benefit solutions as one of the prime reasons driving the meal vouchers and employee benefit solutions market growth during the next few years. Also, rising mergers and acquisitions (M and A) by vendors of global meal vouchers and employee benefit solutions market and strategic partnerships with meal kit delivery vendors will lead to sizable demand in the market.

The report on the meal vouchers and employee benefit solutions market covers the following areas:

Meal vouchers and employee benefit solutions market sizing
Meal vouchers and employee benefit solutions market forecast
Meal vouchers and employee benefit solutions market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading meal vouchers and employee benefit solutions market vendors that include Alelo, Alera Group Inc., Axis Bank Ltd., Certify Inc., Circula GmbH, CIRFOOD s.c., Edenred SE, Electrum Fintech Solutions Pvt. Ltd., Empyrean Benefits Solutions Inc., Hrmony GmbH, ICICI Bank Ltd., Monizze NV SA, PayPal Holdings Inc., PIB Group Ltd., Set Corporate Services Inc., Sodexo SA, SPENDIT AG, SWILE, The Up Group Ltd., UniCredit SpA, Unum Group, VA Tech Ventures Pvt. Ltd., and Zaggle Prepaid Ocean Services Pvt. Ltd.. Also, the meal vouchers and employee benefit solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR43013

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Product
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global meal vouchers and employee benefit solutions market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global meal vouchers and employee benefit solutions market 2017 - 2021 ($ million)
4.2 Type Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.3 Product Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Product Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
Exhibit 30: Chart on Type - Market share 2022-2027 (%)
Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Meal vouchers - Market size and forecast 2022-2027
Exhibit 34: Chart on Meal vouchers - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Meal vouchers - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Meal vouchers - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Meal vouchers - Year-over-year growth 2022-2027 (%)
6.4 Employee benefits - Market size and forecast 2022-2027
Exhibit 38: Chart on Employee benefits - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Employee benefits - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Employee benefits - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Employee benefits - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ million)
Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Product

7.1 Market segments
Exhibit 44: Chart on Product - Market share 2022-2027 (%)
Exhibit 45: Data Table on Product - Market share 2022-2027 (%)
7.2 Comparison by Product
Exhibit 46: Chart on Comparison by Product
Exhibit 47: Data Table on Comparison by Product
7.3 Non-cash voucher - Market size and forecast 2022-2027
Exhibit 48: Chart on Non-cash voucher - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Data Table on Non-cash voucher - Market size and forecast 2022-2027 ($ million)
Exhibit 50: Chart on Non-cash voucher - Year-over-year growth 2022-2027 (%)
Exhibit 51: Data Table on Non-cash voucher - Year-over-year growth 2022-2027 (%)
7.4 Cash voucher - Market size and forecast 2022-2027
Exhibit 52: Chart on Cash voucher - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Data Table on Cash voucher - Market size and forecast 2022-2027 ($ million)
Exhibit 54: Chart on Cash voucher - Year-over-year growth 2022-2027 (%)
Exhibit 55: Data Table on Cash voucher - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Product
Exhibit 56: Market opportunity by Product ($ million)
Exhibit 57: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 60: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2022-2027
Exhibit 63: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.4 South America - Market size and forecast 2022-2027
Exhibit 67: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 North America - Market size and forecast 2022-2027
Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 Brazil - Market size and forecast 2022-2027
Exhibit 83: Chart on Brazil - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on Brazil - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on Brazil - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on Brazil - Year-over-year growth 2022-2027 (%)
9.9 France - Market size and forecast 2022-2027
Exhibit 87: Chart on France - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on France - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on France - Year-over-year growth 2022-2027 (%)
9.10 Italy - Market size and forecast 2022-2027
Exhibit 91: Chart on Italy - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on Italy - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Italy - Year-over-year growth 2022-2027 (%)
9.11 Japan - Market size and forecast 2022-2027
Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.12 Spain - Market size and forecast 2022-2027
Exhibit 99: Chart on Spain - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Spain - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Spain - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Spain - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 103: Market opportunity By Geographical Landscape ($ million)
Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 105: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 107: Overview on factors of disruption
11.4 Industry risks
Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 109: Vendors covered
12.2 Market positioning of vendors
Exhibit 110: Matrix on vendor position and classification
12.3 Alelo
Exhibit 111: Alelo - Overview
Exhibit 112: Alelo - Product / Service
Exhibit 113: Alelo - Key offerings
12.4 Axis Bank Ltd.
Exhibit 114: Axis Bank Ltd. - Overview
Exhibit 115: Axis Bank Ltd. - Business segments
Exhibit 116: Axis Bank Ltd. - Key offerings
Exhibit 117: Axis Bank Ltd. - Segment focus
12.5 Certify Inc.
Exhibit 118: Certify Inc. - Overview
Exhibit 119: Certify Inc. - Product / Service
Exhibit 120: Certify Inc. - Key offerings
12.6 Circula GmbH
Exhibit 121: Circula GmbH - Overview
Exhibit 122: Circula GmbH - Product / Service
Exhibit 123: Circula GmbH - Key offerings
12.7 CIRFOOD s.c.
Exhibit 124: CIRFOOD s.c. - Overview
Exhibit 125: CIRFOOD s.c. - Product / Service
Exhibit 126: CIRFOOD s.c. - Key offerings
12.8 Edenred SE
Exhibit 127: Edenred SE - Overview
Exhibit 128: Edenred SE - Business segments
Exhibit 129: Edenred SE - Key news
Exhibit 130: Edenred SE - Key offerings
Exhibit 131: Edenred SE - Segment focus
12.9 Hrmony GmbH
Exhibit 132: Hrmony GmbH - Overview
Exhibit 133: Hrmony GmbH - Product / Service
Exhibit 134: Hrmony GmbH - Key offerings
12.10 ICICI Bank Ltd.
Exhibit 135: ICICI Bank Ltd. - Overview
Exhibit 136: ICICI Bank Ltd. - Business segments
Exhibit 137: ICICI Bank Ltd. - Key offerings
Exhibit 138: ICICI Bank Ltd. - Segment focus
12.11 Monizze NV SA
Exhibit 139: Monizze NV SA - Overview
Exhibit 140: Monizze NV SA - Product / Service
Exhibit 141: Monizze NV SA - Key offerings
12.12 PayPal Holdings Inc.
Exhibit 142: PayPal Holdings Inc. - Overview
Exhibit 143: PayPal Holdings Inc. - Product / Service
Exhibit 144: PayPal Holdings Inc. - Key offerings
12.13 Set Corporate Services Inc.
Exhibit 145: Set Corporate Services Inc. - Overview
Exhibit 146: Set Corporate Services Inc. - Product / Service
Exhibit 147: Set Corporate Services Inc. - Key offerings
12.14 Sodexo SA
Exhibit 148: Sodexo SA - Overview
Exhibit 149: Sodexo SA - Business segments
Exhibit 150: Sodexo SA - Key news
Exhibit 151: Sodexo SA - Key offerings
Exhibit 152: Sodexo SA - Segment focus
12.15 SPENDIT AG
Exhibit 153: SPENDIT AG - Overview
Exhibit 154: SPENDIT AG - Product / Service
Exhibit 155: SPENDIT AG - Key offerings
12.16 The Up Group Ltd.
Exhibit 156: The Up Group Ltd. - Overview
Exhibit 157: The Up Group Ltd. - Product / Service
Exhibit 158: The Up Group Ltd. - Key offerings
12.17 Unum Group
Exhibit 159: Unum Group - Overview
Exhibit 160: Unum Group - Business segments
Exhibit 161: Unum Group - Key offerings
Exhibit 162: Unum Group - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 163: Inclusions checklist
Exhibit 164: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 165: Currency conversion rates for US$
13.4 Research methodology
Exhibit 166: Research methodology
Exhibit 167: Validation techniques employed for market sizing
Exhibit 168: Information sources
13.5 List of abbreviations
Exhibit 169: List of abbreviations