The Latin America, Middle East and Africa Meal Voucher Market would witness market growth of 7.4% CAGR during the forecast period (2023-2030).
Food delivery services often feature diverse culinary options, including international cuisines and specialty dishes. Meal vouchers empower employees to explore different food choices and cater to their tastes and preferences. With the rise of remote work and flexible work arrangements, many employees can no longer access on-site cafeteria facilities or traditional lunch options. These offer a flexible solution that accommodates employees' changing needs and preferences, regardless of their work location. Providing these vouchers as part of employee benefits promotes a healthier work-life balance by allowing employees to enjoy quality meals during breaks or lunch hours.
The market is a testament to the convergence of innovation and social responsibility, offering a symbiotic relationship wherein employers demonstrate their commitment to employee well-being. At the same time, individuals gain access to nutritious meals and support local economies in the process. Moreover, the market fosters meaningful connections between employers and employees, engendering a sense of appreciation, belonging, and mutual respect within organizational frameworks. The market stands out as an exemplary model of adaptability, resilience, and inclusiveness in light of ongoing socio-economic challenges, evolving demographics, and challenging regional work environments.
The rising tourism in the UAE significantly impacts the market, influencing its growth, dynamics, and adoption across various sectors. Furthermore, it is common for business travellers in the UAE to have restricted time for meal preparation and planning due to their hectic schedules. As a result, there is a high demand for convenient dining options that offer quick service, quality meals, and a variety of choices. Meal voucher programs cater to the needs of business travellers by providing access to a wide range of dining options. The United Arab Emirates Ministry of Economics reports that the travel and tourism industry contributed approximately 9% of the country's gross domestic product (GDP) in 2022, or AED 167 billion. Hence, all of the aforementioned factors will aid in the growth of the market.
The Brazil market dominated the LAMEA Meal Voucher Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,255.2 million by 2030. The Argentina market is showcasing a CAGR of 8.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7% during (2023 - 2030).
Free Valuable Insights: The Worldwide Meal Voucher Market is Projected to reach USD 102.6 Billion by 2030, at a CAGR of 6.1%
Based on Product Type, the market is segmented into Digital Card, and Book Card. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- ACCOR SA
- Emburse, Inc. (Certify)
- SPENDIT AG
- Alelo Inc
- Axis Bank Limited
- Asinta
- Circula GmbH
- CIRFOOD International
- Rakuten group, Inc. (Gurunavi, Inc.)
- Swile
LAMEA Meal Voucher Market Report Segmentation
By Product Type
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Meal Voucher Market, by Product Type
1.4.2 LAMEA Meal Voucher Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Recent Strategies Deployed in the Meal Voucher Market
Chapter 5. LAMEA Meal Voucher Market by Product Type
5.1 LAMEA Digital Card Market by Country
5.2 LAMEA Book Card Market by Country
Chapter 6. LAMEA Meal Voucher Market by Country
6.1 Brazil Meal Voucher Market
6.1.1 Brazil Meal Voucher Market by Product Type
6.2 Argentina Meal Voucher Market
6.2.1 Argentina Meal Voucher Market by Product Type
6.3 UAE Meal Voucher Market
6.3.1 UAE Meal Voucher Market by Product Type
6.4 Saudi Arabia Meal Voucher Market
6.4.1 Saudi Arabia Meal Voucher Market by Product Type
6.5 South Africa Meal Voucher Market
6.5.1 South Africa Meal Voucher Market by Product Type
6.6 Nigeria Meal Voucher Market
6.6.1 Nigeria Meal Voucher Market by Product Type
6.7 Rest of LAMEA Meal Voucher Market
6.7.1 Rest of LAMEA Meal Voucher Market by Product Type
Chapter 7. Company Profiles
7.1 ACCOR SA
7.1.1 Company Overview
7.1.2 Recent strategies and developments:
7.1.2.1 Partnerships, Collaborations, and Agreements:
7.1.3 SWOT Analysis
7.2 Emburse, Inc. (Certify)
7.2.1 Company Overview
7.2.2 SWOT Analysis
7.3 SPENDIT AG
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 Alelo Inc
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Partnerships, Collaborations, and Agreements:
7.4.3 SWOT Analysis
7.5 Axis Bank Limited
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Partnerships, Collaborations, and Agreements:
7.5.4.2 Product Launches and Product Expansions:
7.5.5 SWOT Analysis
7.6 Asinta
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 Circula GmbH
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.7.3 SWOT Analysis
7.8 CIRFOOD International
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 Rakuten Group, Inc. (Gurunavi, Inc.)
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 SWOT Analysis
7.10. Swile
7.10.1 Company Overview
7.10.2 SWOT Analysis
TABLE 1 LAMEA Meal Voucher Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Meal Voucher Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Meal Voucher Market by Product Type, 2019 - 2022, USD Million
TABLE 4 LAMEA Meal Voucher Market by Product Type, 2023 - 2030, USD Million
TABLE 5 LAMEA Digital Card Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Digital Card Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Book Card Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Book Card Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Meal Voucher Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Meal Voucher Market by Country, 2023 - 2030, USD Million
TABLE 11 Brazil Meal Voucher Market, 2019 - 2022, USD Million
TABLE 12 Brazil Meal Voucher Market, 2023 - 2030, USD Million
TABLE 13 Brazil Meal Voucher Market by Product Type, 2019 - 2022, USD Million
TABLE 14 Brazil Meal Voucher Market by Product Type, 2023 - 2030, USD Million
TABLE 15 Argentina Meal Voucher Market, 2019 - 2022, USD Million
TABLE 16 Argentina Meal Voucher Market, 2023 - 2030, USD Million
TABLE 17 Argentina Meal Voucher Market by Product Type, 2019 - 2022, USD Million
TABLE 18 Argentina Meal Voucher Market by Product Type, 2023 - 2030, USD Million
TABLE 19 UAE Meal Voucher Market, 2019 - 2022, USD Million
TABLE 20 UAE Meal Voucher Market, 2023 - 2030, USD Million
TABLE 21 UAE Meal Voucher Market by Product Type, 2019 - 2022, USD Million
TABLE 22 UAE Meal Voucher Market by Product Type, 2023 - 2030, USD Million
TABLE 23 Saudi Arabia Meal Voucher Market, 2019 - 2022, USD Million
TABLE 24 Saudi Arabia Meal Voucher Market, 2023 - 2030, USD Million
TABLE 25 Saudi Arabia Meal Voucher Market by Product Type, 2019 - 2022, USD Million
TABLE 26 Saudi Arabia Meal Voucher Market by Product Type, 2023 - 2030, USD Million
TABLE 27 South Africa Meal Voucher Market, 2019 - 2022, USD Million
TABLE 28 South Africa Meal Voucher Market, 2023 - 2030, USD Million
TABLE 29 South Africa Meal Voucher Market by Product Type, 2019 - 2022, USD Million
TABLE 30 South Africa Meal Voucher Market by Product Type, 2023 - 2030, USD Million
TABLE 31 Nigeria Meal Voucher Market, 2019 - 2022, USD Million
TABLE 32 Nigeria Meal Voucher Market, 2023 - 2030, USD Million
TABLE 33 Nigeria Meal Voucher Market by Product Type, 2019 - 2022, USD Million
TABLE 34 Nigeria Meal Voucher Market by Product Type, 2023 - 2030, USD Million
TABLE 35 Rest of LAMEA Meal Voucher Market, 2019 - 2022, USD Million
TABLE 36 Rest of LAMEA Meal Voucher Market, 2023 - 2030, USD Million
TABLE 37 Rest of LAMEA Meal Voucher Market by Product Type, 2019 - 2022, USD Million
TABLE 38 Rest of LAMEA Meal Voucher Market by Product Type, 2023 - 2030, USD Million
TABLE 39 Key Information – ACCOR SA
TABLE 40 Key information – Emburse, Inc.
TABLE 41 key Information – SPENDIT AG
TABLE 42 Key Information – Alelo Inc
TABLE 43 Key Information – Axis Bank Limited
TABLE 44 Key Information – Asinta
TABLE 45 Key Information – Circula GmbH
TABLE 46 Key Information – CIRFOOD International
TABLE 47 Key Information – Rakuten group, Inc.
TABLE 48 Key Information – Swile
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Meal Voucher Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Meal Voucher Market
FIG 4 Porter’s Five Forces Analysis - Meal Voucher Market
FIG 5 LAMEA Meal Voucher Market share by Product Type, 2022
FIG 6 LAMEA Meal Voucher Market share by Product Type, 2030
FIG 7 LAMEA Meal Voucher Market by Product Type, 2019 - 2030, USD Million
FIG 8 LAMEA Meal Voucher Market share by Country, 2022
FIG 9 LAMEA Meal Voucher Market share by Country, 2030
FIG 10 LAMEA Meal Voucher Market by Country, 2019 - 2030, USD Million
FIG 11 SWOT Analysis: ACCOR SA
FIG 12 SWOT Analysis: Emburse, Inc.
FIG 13 SWOT Analysis: SPENDIT AG
FIG 14 SWOT Analysis: Alelo Inc
FIG 15 SWOT Analysis: Axis Bank Limited
FIG 16 SWOT Analysis: Asinta
FIG 17 SWOT Analysis: Circula GmbH
FIG 18 SWOT Analysis: CIRFOOD International
FIG 19 SWOT Analysis: Rakuten group, Inc.
FIG 20 SWOT Analysis: Swile