Global Meal Vouchers & Employee Benefit Solutions Market Overview:
Meal vouchers allow employees to save on tax, as many countries globally have specified tax exemptions on meal vouchers. Some of the vendors operating in the market are focus and are expanding their service offerings by launching new meal vouchers. Fetch actionable market insights on the post-COVID-19 impact on each segment. An employee benefits solution is a benefits package to meet the needs of the company.
- Growing advantages of benefits and tax exemptions
- The growing rate of employment
- Data privacy, and security issues
- Active participation of banks
- Benefits and tax exemption helped the market to grow exponentially
Companies in the market are concentrating on benefit solutions for employees and provide meal vouchers for their employees. In India, there are tax benefits for free food and beverages provided to employees. Food in office premises or through non-transferable paid vouchers usable only at eating joints provided by an employer which is not taxable. These benefits and tax exemption helped the market to grow exponentially in the past and will drive growth during the forecast period.
Some of the key players profiled in the report are Edenred SA (France), Finnew Solutions Pvt. Ltd. (India), Sodexo Group (France), SPENDIT AG (Germany) and The Up Group (United Kingdom). Analyst at AMA Research see France Players to retain maximum share of Global Meal Vouchers & Employee Benefit Solutions market by 2026.
March 10, 2021: Sage announced the partnership with Edenred SA. This Embedded SA Company enables customers to pay vendors quickly, save hours on reconciliations, and reduce payment transaction costs.
What Can be Explored with the Meal Vouchers & Employee Benefit Solutions Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Meal Vouchers & Employee Benefit Solutions Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Meal Vouchers & Employee Benefit Solutions
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Meal Vouchers & Employee Benefit Solutions market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Meal Vouchers & Employee Benefit Solutions market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Benefit Solutions and Suppliers and Manufacturer.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Meal Vouchers & Employee Benefit Solutions Market?
The Meal Vouchers & Employee Benefit Solutions market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Meal Vouchers & Employee Benefit Solutions Market?
Top performing companies in the Global Meal Vouchers & Employee Benefit Solutions market are Edenred SA (France), Finnew Solutions Pvt. Ltd. (India), Sodexo Group (France), SPENDIT AG (Germany) and The Up Group (United Kingdom), to name a few.
3. What trending factors would impact Meal Vouchers & Employee Benefit Solutions Market growth most?
"Happy employees equal better productivity for the business
" is seen as one of major influencing trends for Meal Vouchers & Employee Benefit Solutions Market during projected period 2020-2026.