NEW YORK, June 9, 2022 /PRNewswire/ -- Meal vouchers and employee benefit solutions can be used by employees for purposes such as gifts, meals, and commuting. Organizations provide such benefits to retain employees by motivating them and improving job satisfaction.
The "Meal Vouchers And Employee Benefit Solutions Market by Application (Meal vouchers and Employee benefits) and Geography (Europe, South America, APAC, North America, and Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the meal vouchers and employee benefit solutions market between 2021 and 2026 is USD 16.69 bn.
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Key Market Dynamics:
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Market Segmentation
The meal vouchers and employee benefit solutions market report is segmented by application (meal vouchers and employee benefits) and geography (Europe, South America, APAC, North America, and the Middle East and Africa).
By application, the meal vouchers segment will have significant market share growth during the forecast period. Meal vouchers can be used by employees to purchase food or grocery items. The growth of the segment is mainly driven by tax exemption benefits provided under the tax regime.
By geography, Europe will be the leading region with 39% of the market's growth during the forecast period. France, Italy, and Spain are the key countries for the meal vouchers and employee benefit solutions market in Europe. The growth of the market in the region is attributed to factors such as evolving buying patterns of consumers, such as the preference for making online payments and digital payment methods.
View our sample report for additional insights into the contribution of all the
segments of the meal vouchers and employee benefit solutions market and regional
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Meal Vouchers And Employee Benefit Solutions Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4% |
Market growth 2022-2026 |
USD 16.69 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.16 |
Regional analysis |
Europe, South America, APAC, North America, and Middle East and Africa |
Performing market contribution |
Europe at 39% |
Key consumer countries |
Japan, France, Italy, Spain, and Brazil |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Alelo, Axis Bank Ltd., Cinqo Group, Edenred SA, Electrum Fintech Solutions Pvt. Ltd., Emburse Inc., Hrmony GmbH, ICICI Bank Ltd., Monizze NV SA, One Obopay Mobile Technology India Pvt. Ltd., PayPal Holdings Inc., Set Corporate Services Inc., Sodexo Group, SPENDIT AG, SWILE SAS, UniCredit SpA, Up Group, VA Tech Ventures Pvt Ltd., VR Beneficios, and Zaggle Prepaid Ocean Services Pvt. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2: Market Characteristics
3. Market Sizing
3.1 Market definition
Exhibit 02: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 03: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 04: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 05: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 06: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 07: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Exhibit 09: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
5.1 Market segments
The segments covered in this chapter are Meal vouchers and Employee benefits.
Exhibit 10: Chart on Application - Market share 2021-2026 (%)
Exhibit 11: Data Table on Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 12: Chart on Comparison by Application
Exhibit 13: Data Table on Comparison by Application
5.3 Meal vouchers - Market size and forecast 2021-2026
Exhibit 14: Chart on Meal vouchers - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Data Table on Meal vouchers - Market size and forecast 2021-2026 ($ million)
Exhibit 16: Chart on Meal vouchers - Year-over-year growth 2021-2026 (%)
Exhibit 17: Data Table on Meal vouchers - Year-over-year growth 2021-2026 (%)
5.4 Employee benefits - Market size and forecast 2021-2026
Exhibit 18: Chart on Employee benefits - Market size and forecast 2021-2026 ($ million)
Exhibit 19: Data Table on Employee benefits - Market size and forecast 2021-2026 ($ million)
Exhibit 20: Chart on Employee benefits - Year-over-year growth 2021-2026 (%)
Exhibit 21: Data Table on Employee benefits - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Application
Exhibit 22: Market opportunity by Application ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 23: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 24: Chart on Market share by geography 2021-2026 (%)
Exhibit 25: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 26: Chart on Geographic comparison
7.3 Europe - Market size and forecast 2021-2026
Exhibit 27: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 28: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 30: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.4 South America - Market size and forecast 2021-2026
Exhibit 31: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 32: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 34: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.5 APAC - Market size and forecast 2021-2026
Exhibit 35: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 36: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 38: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.6 North America - Market size and forecast 2021-2026
Exhibit 39: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 40: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 42: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.7 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 43: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 44: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 45: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 46: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.8 Brazil - Market size and forecast 2021-2026
Exhibit 47: Chart on Brazil - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)
Exhibit 49: Chart on Brazil - Year-over-year growth 2021-2026 (%)
Exhibit 50: Data Table on Brazil - Year-over-year growth 2021-2026 (%)
7.9 France - Market size and forecast 2021-2026
Exhibit 51: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 53: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 54: Data Table on France - Year-over-year growth 2021-2026 (%)
7.10 Italy - Market size and forecast 2021-2026
Exhibit 55: Chart on Italy - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
Exhibit 57: Chart on Italy - Year-over-year growth 2021-2026 (%)
Exhibit 58: Data Table on Italy - Year-over-year growth 2021-2026 (%)
7.11 Japan - Market size and forecast 2021-2026
Exhibit 59: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 61: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 62: Data Table on Japan - Year-over-year growth 2021-2026 (%)
7.12 Spain - Market size and forecast 2021-2026
Exhibit 63: Chart on Spain - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Data Table on Spain - Market size and forecast 2021-2026 ($ million)
Exhibit 65: Chart on Spain - Year-over-year growth 2021-2026 (%)
Exhibit 66: Data Table on Spain - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography
Exhibit 67: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Tax benefits of meal vouchers
8.1.2 Growing employment rates
8.1.3 Active participation of banks
8.2 Market challenges
8.2.1 Data privacy and security issues
8.2.2 Alternative ways to save on tax
8.2.3 Advocacy against meal voucher companies
8.3 Impact of drivers and challenges
Exhibit 68: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
8.4.1 Shift toward digital meal vouchers and employee benefit solutions
8.4.2 Rise in venture capital investment in employee benefit solution
8.4.3 Strategic partnerships with meal kit delivery vendors
9. Vendor Landscape
9.1 Competitive scenario
9.2 Vendor landscape
Exhibit 69: Vendor Landscape
9.3 Landscape disruption
Exhibit 70: Landscape disruption
9.4 Industry risks
Exhibit 71: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 72: Vendors covered
10.2 Market positioning of vendors
Exhibit 73: Matrix on vendor position and classification
10.3 Alelo
Exhibit 74: Alelo - Overview
Exhibit 75: Alelo - Product / Service
Exhibit 76: Alelo - Key offerings
10.4 Axis Bank Ltd.
Exhibit 77: Axis Bank Ltd. - Overview
Exhibit 78: Axis Bank Ltd. - Business segments
Exhibit 79: Axis Bank Ltd. - Key offerings
Exhibit 80: Axis Bank Ltd. - Segment focus
10.5 Cinqo Group
Exhibit 81: Cinqo Group - Overview
Exhibit 82: Cinqo Group - Product / Service
Exhibit 83: Cinqo Group - Key offerings
10.6 Edenred SA
Exhibit 84: Edenred SA - Overview
Exhibit 85: Edenred SA - Business segments
Exhibit 86: Edenred SA - Key offerings
Exhibit 87: Edenred SA - Segment focus
10.7 Emburse Inc.
Exhibit 88: Emburse Inc. - Overview
Exhibit 89: Emburse Inc. - Product / Service
Exhibit 90: Emburse Inc. - Key offerings
10.8 Monizze NV SA
Exhibit 91: Monizze NV SA - Overview
Exhibit 92: Monizze NV SA - Product / Service
Exhibit 93: Monizze NV SA - Key offerings
10.9 Sodexo Group
Exhibit 94: Sodexo Group - Overview
Exhibit 95: Sodexo Group - Business segments
Exhibit 96: Sodexo Group - Key offerings
Exhibit 97: Sodexo Group - Segment focus
10.10 SPENDIT AG
Exhibit 98: SPENDIT AG - Overview
Exhibit 99: SPENDIT AG - Product / Service
Exhibit 100: SPENDIT AG - Key offerings
10.11 Up Group
Exhibit 101: Up Group - Overview
Exhibit 102: Up Group - Product / Service
Exhibit 103: Up Group - Key offerings
10.12 VR Beneficios
Exhibit 104: VR Beneficios - Overview
Exhibit 105: VR Beneficios - Product / Service
Exhibit 106: VR Beneficios - Key offerings
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 107: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 108: Research Methodology
Exhibit 109: Validation techniques employed for market sizing
Exhibit 110: Information sources
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