+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Global Meal Vouchers and Employee Benefit Solutions Market 2022-2026

  • PDF Icon

    Report

  • 120 Pages
  • April 2022
  • Region: Global
  • TechNavio
  • ID: 5011341
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

The publisher has been monitoring the meal vouchers and employee benefit solutions market and it is poised to grow by $16.69 bn during 2022-2026 progressing at a CAGR of 4% during the forecast period. The report on meal vouchers and employee benefit solutions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by tax benefits of meal vouchers, growing employment rates, and active participation of banks.

The meal vouchers and employee benefit solutions market analysis includes the application segment and geographic landscape.

The meal vouchers and employee benefit solutions market is segmented as below:


By Application

  • Meal vouchers
  • Employee benefits

By Geographical Landscape

  • Europe
  • South America
  • APAC
  • North America
  • Middle East and Africa

This study identifies the shift toward digital meal vouchers and employee benefit solutions as one of the prime reasons driving the meal vouchers and employee benefit solutions market growth during the next few years. Also, rise in venture capital investment in employee benefit solution and strategic partnerships with meal kit delivery vendors will lead to sizable demand in the market.

The report on meal vouchers and employee benefit solutions market covers the following areas:

  • Meal vouchers and employee benefit solutions market sizing
  • Meal vouchers and employee benefit solutions market forecast
  • Meal vouchers and employee benefit solutions market industry analysis

The publisher's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading meal vouchers and employee benefit solutions market vendors that include 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. Also, the meal vouchers and employee benefit solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

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
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 Geographical Landscape 2021-2026 (%)
Exhibit 25: Data Table on Market share By Geographical Landscape 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 Geographical Landscape
Exhibit 67: Market opportunity By Geographical Landscape ($ 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

List of Exhibits

Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Vendor Market Positioning
Exhibits 9: Parent market
Exhibits 10: Market Characteristics
Exhibits 11: Offerings of vendors included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibits 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
Exhibits 17: Five forces analysis - Comparison between 2021 and 2026
Exhibits 18: Bargaining power of buyers - Impact of key factors in 2021 and 2026
Exhibits 19: Bargaining power of suppliers - Impact of key factors in 2021 and 2026
Exhibits 20: Threat of new entrants - Impact of key factors in 2021 and 2026
Exhibits 21: Threat of substitutes - Impact of key factors in 2021 and 2026
Exhibits 22: Threat of rivalry - Impact of key factors in 2021 and 2026
Exhibits 23: Chart on Market condition - Five forces 2021 and 2026
Exhibits 24: Chart on Application - Market share 2021-2026 (%)
Exhibits 25: Data Table on Application - Market share 2021-2026 (%)
Exhibits 26: Chart on Comparison by Application
Exhibits 27: Data Table on Comparison by Application
Exhibits 28: Chart on Meal vouchers - Market size and forecast 2021-2026 ($ million)
Exhibits 29: Data Table on Meal vouchers - Market size and forecast 2021-2026 ($ million)
Exhibits 30: Chart on Meal vouchers - Year-over-year growth 2021-2026 (%)
Exhibits 31: Data Table on Meal vouchers - Year-over-year growth 2021-2026 (%)
Exhibits 32: Chart on Employee benefits - Market size and forecast 2021-2026 ($ million)
Exhibits 33: Data Table on Employee benefits - Market size and forecast 2021-2026 ($ million)
Exhibits 34: Chart on Employee benefits - Year-over-year growth 2021-2026 (%)
Exhibits 35: Data Table on Employee benefits - Year-over-year growth 2021-2026 (%)
Exhibits 36: Market opportunity by Application ($ million)
Exhibits 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 38: Chart on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 39: Data Table on Market share By Geographical Landscape 2021-2026 (%)
Exhibits 40: Chart on Geographic comparison
Exhibits 41: Data Table on Geographic comparison
Exhibits 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibits 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
Exhibits 46: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 47: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibits 48: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibits 49: Data Table on South America - Year-over-year growth 2021-2026 (%)
Exhibits 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibits 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
Exhibits 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibits 56: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibits 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
Exhibits 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibits 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibits 62: Chart on Brazil - Market size and forecast 2021-2026 ($ million)
Exhibits 63: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)
Exhibits 64: Chart on Brazil - Year-over-year growth 2021-2026 (%)
Exhibits 65: Data Table on Brazil - Year-over-year growth 2021-2026 (%)
Exhibits 66: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibits 67: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibits 68: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibits 69: Data Table on France - Year-over-year growth 2021-2026 (%)
Exhibits 70: Chart on Italy - Market size and forecast 2021-2026 ($ million)
Exhibits 71: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
Exhibits 72: Chart on Italy - Year-over-year growth 2021-2026 (%)
Exhibits 73: Data Table on Italy - Year-over-year growth 2021-2026 (%)
Exhibits 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibits 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibits 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibits 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
Exhibits 78: Chart on Spain - Market size and forecast 2021-2026 ($ million)
Exhibits 79: Data Table on Spain - Market size and forecast 2021-2026 ($ million)
Exhibits 80: Chart on Spain - Year-over-year growth 2021-2026 (%)
Exhibits 81: Data Table on Spain - Year-over-year growth 2021-2026 (%)
Exhibits 82: Market opportunity By Geographical Landscape ($ million)
Exhibits 83: Impact of drivers and challenges in 2021 and 2026
Exhibits 84: Overview on Criticality of inputs and Factors of differentiation
Exhibits 85: Overview on factors of disruption
Exhibits 86: Impact of key risks on business
Exhibits 87: Vendors covered
Exhibits 88: Matrix on vendor position and classification
Exhibits 89: Alelo - Overview
Exhibits 90: Alelo - Product / Service
Exhibits 91: Alelo - Key offerings
Exhibits 92: Axis Bank Ltd. - Overview
Exhibits 93: Axis Bank Ltd. - Business segments
Exhibits 94: Axis Bank Ltd. - Key offerings
Exhibits 95: Axis Bank Ltd. - Segment focus
Exhibits 96: Cinqo Group - Overview
Exhibits 97: Cinqo Group - Product / Service
Exhibits 98: Cinqo Group - Key offerings
Exhibits 99: Edenred SA - Overview
Exhibits 100: Edenred SA - Business segments
Exhibits 101: Edenred SA - Key offerings
Exhibits 102: Edenred SA - Segment focus
Exhibits 103: Emburse Inc. - Overview
Exhibits 104: Emburse Inc. - Product / Service
Exhibits 105: Emburse Inc. - Key offerings
Exhibits 106: Monizze NV SA - Overview
Exhibits 107: Monizze NV SA - Product / Service
Exhibits 108: Monizze NV SA - Key offerings
Exhibits 109: Sodexo Group - Overview
Exhibits 110: Sodexo Group - Business segments
Exhibits 111: Sodexo Group - Key offerings
Exhibits 112: Sodexo Group - Segment focus
Exhibits 113: SPENDIT AG - Overview
Exhibits 114: SPENDIT AG - Product / Service
Exhibits 115: SPENDIT AG - Key offerings
Exhibits 116: Up Group - Overview
Exhibits 117: Up Group - Product / Service
Exhibits 118: Up Group - Key offerings
Exhibits 119: VR Beneficios - Overview
Exhibits 120: VR Beneficios - Product / Service
Exhibits 121: VR Beneficios - Key offerings
Exhibits 122: Inclusions checklist
Exhibits 123: Exclusions checklist
Exhibits 124: Currency conversion rates for US$
Exhibits 125: Research methodology
Exhibits 126: Validation techniques employed for market sizing
Exhibits 127: Information sources
Exhibits 128: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global meal vouchers and employee benefit solutions 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, and Zaggle Prepaid Ocean Services Pvt. Ltd.

Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is shift toward digital meal vouchers and employee benefit solutions.`

According to the report, one of the major drivers for this market is the tax benefits of meal vouchers.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.


Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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.