Meal Vouchers and Employee Benefit Solutions Market to record a 3.16% Y-O-Y Growth Rate in 2022| Driven by Tax Benefits of Meal Vouchers

Read the 120-page report with TOC on “Meal Vouchers and Employee Benefit Solutions Market Analysis Report by Application (Meal vouchers and Employee benefits) and Geography (Europe, South America, APAC, North America, and Middle East and Africa), and the Segment Forecasts,2022-2026″. Gain competitive intelligence about market leaders. Track key industry opportunities, trends and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/meal-vouchers-and-employee-benefit-solutions-market-size-industry-analysis

Meal Vouchers and Employee Benefit Solutions Market: Drivers & Challenges

The tax benefits of meal vouchers are one of the key drivers supporting the meal vouchers and employee benefit solutions market growth. Companies, organizations, or employers who provide meal vouchers, food coupons, or prepaid meal cards as part of employees’ salary structure are exempt from tax in most countries worldwide. For example, in 1976, the Federal Government of Brazil launched the Workers’ Food Program (Programa de Alimentacao do Trabalhador – PAT), in which companies or employers were asked to pay for employees’ food provisions in exchange for tax relief. These benefits and tax exemptions had helped the market to grow exponentially in the past and will drive growth during the forecast period as well.

However, the data privacy and security issues are some of the factors hindering the meal vouchers and employee benefit solutions market growthBusinesses have benefitted significantly from technological innovations and digitization, but with benefits and opportunities come risks as well. Data theft is one major threat to the market. Mobile apps and cards offered by vendors collect and store the personal information of employees and personnel of business partners. Many vendors use commercially available security technologies to safeguard this personal data. However, any vulnerability in the servers or mobile apps could pose a threat to privacy and may impact the businesses of the major players in the market. Such threats will challenge the meal vouchers and employee benefit solutions market growth during the forecast period.

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Some of key Meal Vouchers and Employee Benefit Solutions Players:

The meal vouchers and employee benefit solutions market is fragmented and the vendors are deploying growth strategies such as acquiring smaller and regional food and catering service providers to compete in the market.

  • 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
  • Zaggle Prepaid Ocean Services Pvt. Ltd.

Meal Vouchers And Employee Benefit Solutions Market: Segmentation Analysis

Application Outlook (Revenue, USD bn, 2021-2026)

  • Meal vouchers – size and forecast 2021-2026
  • Employee benefits – size and forecast 2021-2026

Geography Outlook (Revenue, USD bn, 2021-2026)

  • Europe – size and forecast 2021-2026
  • South America – size and forecast 2021-2026
  • APAC – size and forecast 2021-2026
  • North America – size and forecast 2021-2026
  • Middle East and Africa – size and forecast 2021-2026

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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

Performing market contribution

Europe at 39%

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 the 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.

Table of Content:

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

                                11.1.3Notes 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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