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Global Meal Vouchers & Employee Benefits Solutions Market Size Study, by Product Type (Meal Vouchers, Employee Benefits, Ring), by Meal Vouchers (Book Card, Digital Card), by Employee Benefits (Meal, Gift, Travel, Others) and Regional Forecasts 2022-2032

August 2024 | 200 pages | ID: G277968B5649EN
Bizwit Research & Consulting LLP

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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.
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
8.2. 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
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
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.

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

LIST OF TABLES

TABLE 1. Global Meal Vouchers & Employee Benefits Solutions market, report scope
TABLE 2. Global Meal Vouchers & Employee Benefits Solutions market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Meal Vouchers & Employee Benefits Solutions market estimates & forecasts by Product Type 2022-2032 (USD Billion)
TABLE 4. Global Meal Vouchers & Employee Benefits Solutions market estimates & forecasts by Meal Vouchers 2022-2032 (USD Billion)
TABLE 5. Global Meal Vouchers & Employee Benefits Solutions market estimates & forecasts by Employee Benefits 2022-2032 (USD Billion)
TABLE 6. Global Meal Vouchers & Employee Benefits Solutions market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Meal Vouchers & Employee Benefits Solutions market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Meal Vouchers & Employee Benefits Solutions market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Meal Vouchers & Employee Benefits Solutions market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Meal Vouchers & Employee Benefits Solutions market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Meal Vouchers & Employee Benefits Solutions market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Meal Vouchers & Employee Benefits Solutions market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Meal Vouchers & Employee Benefits Solutions market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Meal Vouchers & Employee Benefits Solutions market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Meal Vouchers & Employee Benefits Solutions market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Meal Vouchers & Employee Benefits Solutions market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Meal Vouchers & Employee Benefits Solutions market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Meal Vouchers & Employee Benefits Solutions market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Meal Vouchers & Employee Benefits Solutions market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Meal Vouchers & Employee Benefits Solutions market estimates & forecasts by segment 2022-2032 (USD Billion)
.....
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Meal Vouchers & Employee Benefits Solutions market, research methodology
FIG 2. Global Meal Vouchers & Employee Benefits Solutions market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Meal Vouchers & Employee Benefits Solutions market, key trends 2023
FIG 5. Global Meal Vouchers & Employee Benefits Solutions market, growth prospects 2022-2032
FIG 6. Global Meal Vouchers & Employee Benefits Solutions market, porters 5 force model
FIG 7. Global Meal Vouchers & Employee Benefits Solutions market, PESTEL analysis
FIG 8. Global Meal Vouchers & Employee Benefits Solutions market, value chain analysis
FIG 9. Global Meal Vouchers & Employee Benefits Solutions market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Meal Vouchers & Employee Benefits Solutions market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Meal Vouchers & Employee Benefits Solutions market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Meal Vouchers & Employee Benefits Solutions market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Meal Vouchers & Employee Benefits Solutions market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Meal Vouchers & Employee Benefits Solutions market, regional snapshot 2022 & 2032
FIG 15. North America Meal Vouchers & Employee Benefits Solutions market 2022 & 2032 (USD Billion)
FIG 16. Europe Meal Vouchers & Employee Benefits Solutions market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Meal Vouchers & Employee Benefits Solutions market 2022 & 2032 (USD Billion)
FIG 18. Latin America Meal Vouchers & Employee Benefits Solutions market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Meal Vouchers & Employee Benefits Solutions market 2022 & 2032 (USD Billion)
FIG 20. Global Meal Vouchers & Employee Benefits Solutions market, company market share analysis (2023)
.....
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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