PUBLISHER: KBV Research | PRODUCT CODE: 1432608
PUBLISHER: KBV Research | PRODUCT CODE: 1432608
Asia Pacific Meal Voucher Market Size, Share & Trends Analysis Report By Product Type (Digital Card, and Book Card), By Country and Growth Forecast, 2023 - 2030
The Asia Pacific Meal Voucher Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030).
The shift towards digitalization is significantly impacting the market. Digital meal vouchers, accessible through mobile apps or online platforms, offer greater convenience, flexibility, and real-time tracking capabilities for employers and employees. These solutions also streamline voucher distribution, redemption, and expense management. Moreover, the market is witnessing an expansion in redemption options beyond traditional dine-in restaurants. Vouchers may now be redeemable at various food outlets, including grocery stores, food delivery services, meal kit subscriptions, and even virtual kitchens.
Increasing awareness of environmental sustainability and social responsibility drives demand for eco-friendly and ethically sourced options. Providers are exploring partnerships with sustainable food vendors, supporting local producers, and implementing initiatives to reduce food waste throughout the voucher supply chain. Food delivery services have significantly increased the convenience of ordering meals from various restaurants and purveyors. Meal vouchers can facilitate these transactions, offering employees greater accessibility to various food options without the need to leave the workplace.
India's expanding food service industry indicates the rising consumer inclination towards dining out. The expansion of dining at cafes, restaurants, and food venues contributes to an increased need for these programs. According to the United States Agriculture Department, the Indian food service sector is valued at U.S. $63.71 billion and is expected to reach $95.75 billion by 2025. The Indian hotel, restaurant, and institutional (HRI) service sector is valued at over $250 billion, contributing nearly 10 percent to the country's GDP. Furthermore, the exponential growth of the Indian food service sector, coupled with the substantial contribution of the HRI industry to the country's economy, creates a conducive environment for the proliferation of these programs. Therefore, the rising food service sector in the region is propelling the market's growth.
The China market dominated the Asia Pacific Meal Voucher Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $7,334.8 million by 2030. The Japan market is registering a CAGR of 6.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.5% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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
Asia Pacific Meal Voucher Market Report Segmentation
By Product Type
- Digital Card
- Book Card
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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 Asia Pacific Meal Voucher Market, by Product Type
- 1.4.2 Asia Pacific 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. Asia Pacific Meal Voucher Market by Product Type
- 5.1 Asia Pacific Digital Card Market by Country
- 5.2 Asia Pacific Book Card Market by Country
Chapter 6. Asia Pacific Meal Voucher Market by Country
- 6.1 China Meal Voucher Market
- 6.1.1 China Meal Voucher Market by Product Type
- 6.2 Japan Meal Voucher Market
- 6.2.1 Japan Meal Voucher Market by Product Type
- 6.3 India Meal Voucher Market
- 6.3.1 India Meal Voucher Market by Product Type
- 6.4 South Korea Meal Voucher Market
- 6.4.1 South Korea Meal Voucher Market by Product Type
- 6.5 Singapore Meal Voucher Market
- 6.5.1 Singapore Meal Voucher Market by Product Type
- 6.6 Malaysia Meal Voucher Market
- 6.6.1 Malaysia Meal Voucher Market by Product Type
- 6.7 Rest of Asia Pacific Meal Voucher Market
- 6.7.1 Rest of Asia Pacific 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 Asia Pacific Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 2 Asia Pacific Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 3 Asia Pacific Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 4 Asia Pacific Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 5 Asia Pacific Digital Card Market by Country, 2019 - 2022, USD Million
- TABLE 6 Asia Pacific Digital Card Market by Country, 2023 - 2030, USD Million
- TABLE 7 Asia Pacific Book Card Market by Country, 2019 - 2022, USD Million
- TABLE 8 Asia Pacific Book Card Market by Country, 2023 - 2030, USD Million
- TABLE 9 Asia Pacific Meal Voucher Market by Country, 2019 - 2022, USD Million
- TABLE 10 Asia Pacific Meal Voucher Market by Country, 2023 - 2030, USD Million
- TABLE 11 China Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 12 China Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 13 China Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 14 China Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 15 Japan Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 16 Japan Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 17 Japan Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 18 Japan Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 19 India Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 20 India Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 21 India Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 22 India Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 23 South Korea Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 24 South Korea Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 25 South Korea Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 26 South Korea Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 27 Singapore Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 28 Singapore Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 29 Singapore Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 30 Singapore Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 31 Malaysia Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 32 Malaysia Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 33 Malaysia Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 34 Malaysia Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 35 Rest of Asia Pacific Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 36 Rest of Asia Pacific Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 37 Rest of Asia Pacific Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 38 Rest of Asia Pacific 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
