PUBLISHER: KBV Research | PRODUCT CODE: 1432609
PUBLISHER: KBV Research | PRODUCT CODE: 1432609
LAMEA Meal Voucher Market Size, Share & Trends Analysis Report By Product Type (Digital Card, and Book Card), By Country and Growth Forecast, 2023 - 2030
The Latin America, Middle East and Africa Meal Voucher Market would witness market growth of 7.4% CAGR during the forecast period (2023-2030).
Food delivery services often feature diverse culinary options, including international cuisines and specialty dishes. Meal vouchers empower employees to explore different food choices and cater to their tastes and preferences. With the rise of remote work and flexible work arrangements, many employees can no longer access on-site cafeteria facilities or traditional lunch options. These offer a flexible solution that accommodates employees' changing needs and preferences, regardless of their work location. Providing these vouchers as part of employee benefits promotes a healthier work-life balance by allowing employees to enjoy quality meals during breaks or lunch hours.
The market is a testament to the convergence of innovation and social responsibility, offering a symbiotic relationship wherein employers demonstrate their commitment to employee well-being. At the same time, individuals gain access to nutritious meals and support local economies in the process. Moreover, the market fosters meaningful connections between employers and employees, engendering a sense of appreciation, belonging, and mutual respect within organizational frameworks. The market stands out as an exemplary model of adaptability, resilience, and inclusiveness in light of ongoing socio-economic challenges, evolving demographics, and challenging regional work environments.
The rising tourism in the UAE significantly impacts the market, influencing its growth, dynamics, and adoption across various sectors. Furthermore, it is common for business travellers in the UAE to have restricted time for meal preparation and planning due to their hectic schedules. As a result, there is a high demand for convenient dining options that offer quick service, quality meals, and a variety of choices. Meal voucher programs cater to the needs of business travellers by providing access to a wide range of dining options. The United Arab Emirates Ministry of Economics reports that the travel and tourism industry contributed approximately 9% of the country's gross domestic product (GDP) in 2022, or AED 167 billion. Hence, all of the aforementioned factors will aid in the growth of the market.
The Brazil market dominated the LAMEA Meal Voucher Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,255.2 million by 2030. The Argentina market is showcasing a CAGR of 8.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
LAMEA Meal Voucher Market Report Segmentation
By Product Type
- Digital Card
- Book Card
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Meal Voucher Market, by Product Type
- 1.4.2 LAMEA 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. LAMEA Meal Voucher Market by Product Type
- 5.1 LAMEA Digital Card Market by Country
- 5.2 LAMEA Book Card Market by Country
Chapter 6. LAMEA Meal Voucher Market by Country
- 6.1 Brazil Meal Voucher Market
- 6.1.1 Brazil Meal Voucher Market by Product Type
- 6.2 Argentina Meal Voucher Market
- 6.2.1 Argentina Meal Voucher Market by Product Type
- 6.3 UAE Meal Voucher Market
- 6.3.1 UAE Meal Voucher Market by Product Type
- 6.4 Saudi Arabia Meal Voucher Market
- 6.4.1 Saudi Arabia Meal Voucher Market by Product Type
- 6.5 South Africa Meal Voucher Market
- 6.5.1 South Africa Meal Voucher Market by Product Type
- 6.6 Nigeria Meal Voucher Market
- 6.6.1 Nigeria Meal Voucher Market by Product Type
- 6.7 Rest of LAMEA Meal Voucher Market
- 6.7.1 Rest of LAMEA 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 LAMEA Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 2 LAMEA Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 3 LAMEA Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 4 LAMEA Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 5 LAMEA Digital Card Market by Country, 2019 - 2022, USD Million
- TABLE 6 LAMEA Digital Card Market by Country, 2023 - 2030, USD Million
- TABLE 7 LAMEA Book Card Market by Country, 2019 - 2022, USD Million
- TABLE 8 LAMEA Book Card Market by Country, 2023 - 2030, USD Million
- TABLE 9 LAMEA Meal Voucher Market by Country, 2019 - 2022, USD Million
- TABLE 10 LAMEA Meal Voucher Market by Country, 2023 - 2030, USD Million
- TABLE 11 Brazil Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 12 Brazil Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 13 Brazil Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 14 Brazil Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 15 Argentina Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 16 Argentina Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 17 Argentina Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 18 Argentina Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 19 UAE Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 20 UAE Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 21 UAE Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 22 UAE Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 23 Saudi Arabia Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 24 Saudi Arabia Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 25 Saudi Arabia Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 26 Saudi Arabia Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 27 South Africa Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 28 South Africa Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 29 South Africa Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 30 South Africa Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 31 Nigeria Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 32 Nigeria Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 33 Nigeria Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 34 Nigeria Meal Voucher Market by Product Type, 2023 - 2030, USD Million
- TABLE 35 Rest of LAMEA Meal Voucher Market, 2019 - 2022, USD Million
- TABLE 36 Rest of LAMEA Meal Voucher Market, 2023 - 2030, USD Million
- TABLE 37 Rest of LAMEA Meal Voucher Market by Product Type, 2019 - 2022, USD Million
- TABLE 38 Rest of LAMEA 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
