PUBLISHER: KBV Research | PRODUCT CODE: 1432607
PUBLISHER: KBV Research | PRODUCT CODE: 1432607
Europe Meal Voucher Market Size, Share & Trends Analysis Report By Product Type (Digital Card, and Book Card), By Country and Growth Forecast, 2023 - 2030
The Europe Meal Voucher Market would witness market growth of 5.6% CAGR during the forecast period (2023-2030).
Meal vouchers, which employers frequently distribute as components of comprehensive employee benefits or by government agencies to support social welfare, significantly impact the daily lives of employees and the food service industry as a whole. Initially conceived to ensure access to wholesome meals for employees, these swiftly garnered recognition for their multifaceted benefits, transcending mere sustenance to encompass broader objectives of employee satisfaction, productivity enhancement, and community support. Offering these as part of employee benefits contributes to overall job satisfaction.
Employees who feel appreciated and rewarded for their work are more likely to stay with the company. These provide a tangible and practical benefit that enhances the overall compensation package, increasing employee satisfaction and retention. Offering attractive employee benefits, such as these vouchers, can give employers a competitive edge in recruitment. Organizations that provide extensive benefits packages, such as meal vouchers, are more likely to attract potential employees by enhancing their overall quality of life and well-being. Over the decades, the market has evolved remarkably, propelled by technological advances, shifts in consumer preferences, and the ever-evolving dynamics of the labour sector.
The vibrant F&B processing industry in the EU results in a wide variety of food and beverage products available to consumers. These programs can capitalize on this diversity by partnering with various restaurants, cafes, bakeries, and beverage outlets, offering employees diverse dining options to redeem their vouchers. This collaboration with local F&B processing enterprises can support and promote local businesses within the EU. As per the Eurostat, 2020 revealed a substantial presence of 291,000 food and beverage (F&B) processing enterprises in the European Union (EU), constituting 14.1% of all manufacturing enterprises. The value added by these F&B processing entities amounted to €227 billion, marking a remarkable 30% increase compared to the €174 billion generated by the agriculture sector. Therefore, the region's growing food and beverages industry propels the market's growth.
The Germany market dominated the Europe Meal Voucher Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,236 million by 2030. The UK market is exhibiting a CAGR of 4.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6.4% during (2023 - 2030).
Based on Product Type, the market is segmented into Digital Card, and Book Card. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- ACCOR SA
- Emburse, Inc. (Certify)
- SPENDIT AG
- Alelo Inc
- Axis Bank Limited
- Asinta
- Circula GmbH
- CIRFOOD International
- Rakuten group, Inc. (Gurunavi, Inc.)
- Swile
Europe Meal Voucher Market Report Segmentation
By Product Type
- Digital Card
- Book Card
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Meal Voucher Market, by Product Type
- 1.4.2 Europe Meal Voucher Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter's Five Forces Analysis
Chapter 4. Recent Strategies Deployed in the Meal Voucher Market
Chapter 5. Europe Meal Voucher Market by Product Type
- 5.1 Europe Digital Card Market by Country
- 5.2 Europe Book Card Market by Country
Chapter 6. Europe Meal Voucher Market by Country
- 6.1 Germany Meal Voucher Market
- 6.1.1 Germany Meal Voucher Market by Product Type
- 6.2 UK Meal Voucher Market
- 6.2.1 UK Meal Voucher Market by Product Type
- 6.3 France Meal Voucher Market
- 6.3.1 France Meal Voucher Market by Product Type
- 6.4 Russia Meal Voucher Market
- 6.4.1 Russia Meal Voucher Market by Product Type
- 6.5 Spain Meal Voucher Market
- 6.5.1 Spain Meal Voucher Market by Product Type
- 6.6 Italy Meal Voucher Market
- 6.6.1 Italy Meal Voucher Market by Product Type
- 6.7 Rest of Europe Meal Voucher Market
- 6.7.1 Rest of Europe Meal Voucher Market by Product Type
Chapter 7. Company Profiles
- 7.1 ACCOR SA
- 7.1.1 Company Overview
- 7.1.2 Recent strategies and developments:
- 7.1.2.1 Partnerships, Collaborations, and Agreements:
- 7.1.3 SWOT Analysis
- 7.2 Emburse, Inc. (Certify)
- 7.2.1 Company Overview
- 7.2.2 SWOT Analysis
- 7.3 SPENDIT AG
- 7.3.1 Company Overview
- 7.3.2 SWOT Analysis
- 7.4 Alelo Inc
- 7.4.1 Company Overview
- 7.4.2 Recent strategies and developments:
- 7.4.2.1 Partnerships, Collaborations, and Agreements:
- 7.4.3 SWOT Analysis
- 7.5 Axis Bank Limited
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Recent strategies and developments:
- 7.5.4.1 Partnerships, Collaborations, and Agreements:
- 7.5.4.2 Product Launches and Product Expansions:
- 7.5.5 SWOT Analysis
- 7.6 Asinta
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 Circula GmbH
- 7.7.1 Company Overview
- 7.7.2 Recent strategies and developments:
- 7.7.2.1 Partnerships, Collaborations, and Agreements:
- 7.7.3 SWOT Analysis
- 7.8 CIRFOOD International
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
- 7.9 Rakuten Group, Inc. (Gurunavi, Inc.)
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expenses
- 7.9.5 SWOT Analysis
- 7.10. Swile
- 7.10.1 Company Overview
- 7.10.2 SWOT Analysis
LIST OF TABLES
- TABLE 1 Europe Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 2 Europe Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 3 Europe Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 4 Europe Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 5 Europe Digital Card Market by Country, 2019 - 2022, USD Million
- TABLE 6 Europe Digital Card Market by Country, 2023 - 2030, USD Million
- TABLE 7 Europe Book Card Market by Country, 2019 - 2022, USD Million
- TABLE 8 Europe Book Card Market by Country, 2023 - 2030, USD Million
- TABLE 9 Europe Meal Voucher Market by Country, 2019 - 2022, USD Million
- TABLE 10 Europe Meal Voucher Market by Country, 2023 - 2030, USD Million
- TABLE 11 Germany Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 12 Germany Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 13 Germany Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 14 Germany Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 15 UK Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 16 UK Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 17 UK Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 18 UK Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 19 France Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 20 France Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 21 France Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 22 France Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 23 Russia Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 24 Russia Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 25 Russia Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 26 Russia Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 27 Spain Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 28 Spain Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 29 Spain Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 30 Spain Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 31 Italy Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 32 Italy Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 33 Italy Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 34 Italy Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 35 Rest of Europe Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 36 Rest of Europe Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 37 Rest of Europe Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 38 Rest of Europe Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 39 Key Information - ACCOR SA
- TABLE 40 Key information - Emburse, Inc.
- TABLE 41 key Information - SPENDIT AG
- TABLE 42 Key Information - Alelo Inc
- TABLE 43 Key Information - Axis Bank Limited
- TABLE 44 Key Information - Asinta
- TABLE 45 Key Information - Circula GmbH
- TABLE 46 Key Information - CIRFOOD International
- TABLE 47 Key Information - Rakuten group, Inc.
- TABLE 48 Key Information - Swile
