Product ID: UCMIG20P2005
Report ID:
UCMIG20P2005 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for meal vouchers and employee benefits solutions reached a value of USD 214.36 billion in 2022, and it is projected to experience growth, reaching USD 346.65 billion by 2030 with a compounded annual growth rate (CAGR) of 6.6% during the forecast period. Businesses invest in these solutions primarily to enhance the financial well-being and overall health of their workforce. These offerings encompass meal coupons, travel and gift vouchers, health-related policies, and more, serving to not only motivate employees but also increase workplace productivity and foster team engagement. Leading industry players like Circula GmbH, Sodexo Group, and Edenred SA, among others, provide a range of benefits such as meal cards, travel vouchers, and gift coupons to support the financial and health wellness of professionals.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Human Resource & Employment Services by segment aggregation, the contribution of the Human Resource & Employment Services in Commercial & Professional Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG20P2005